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Duke Energy gains after upbeat first quarter results

ReutersMay 6, 2025 2:44 PM

Shares of U.S. utility Duke Energy DUK.N rise 1.6% to $122.68

Company beats expectations for Q1 profit and revenue helped by higher electricity rates, retail sales and a colder winter

DUK posts Q1 adjusted profit of $1.76 per share vs estimate of $1.60 per share - data compiled by LSEG

Company posts quarterly revenue of $8.25 billion, also beating estimates of $8.06 billion

Reports adjusted earnings from its electric utilities segment in Q1 of $1.28 billion compared with $1.02 billion, a year earlier

Including session's moves, shares up 13.8% YTD

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