Free Trial

Duke Energy (DUK Baa2/BBB): 2Q24 Results

UTILITIES

Nothing spread moving here in our view.


  • Revenue 6% better than expected. 9% YoY growth helped by increased asset base, better weather and retail margins.
  • Adj. EBITDA beat by 10%.
  • -$414mn FCF better than -$686mn expected, with operating cash flow strong but capex also somewhat higher than expected.
  • FY24 EPS guidance confirmed.
  • Webcast 15.00 BST https://events.q4inc.com/attendee/475579114

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.