Analyst Consensus ?
ConsensusHold31 ratings
Bullish1445.2%
Neutral1754.8%
Bearish00.0%
Duke Energy Corporation · DUK · FY2025 Q2 · Calendar Q3 2025
Duke Energy maintains guidance as capital plan and load growth expand
The analysis supports a constructive but execution-dependent view: resilient Southeast load growth and balance-sheet transactions strengthen Duke Energy's expansion plan, while rising capital needs, regulatory approvals, and project execution remain material constraints.
Reported Before market openNYSEUtilities
$90.94B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.25
Consensus $1.18
EPS surprise
+5.9%
Reported versus consensus
Reported revenue
$7.51B
Consensus $7.42B
Revenue surprise
+1.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.1%
Event window
SPY move
-0.5%
Same window
Abnormal move
+0.4%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-2.0%
Up to 20 sessions
DUKSPY benchmark
Ask FN2 about DUK FY2025 Q2
Transcript, numbers and history already loaded
Why did DUK fall 0.1% after beating EPS estimates in FY2025 Q2?What changed in DUK's guidance and outlook in FY2025 Q2?Give me the bull and bear case for DUK after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the analysis points to a larger and more specific capital program: Florida spending is set to increase, strategic transactions strengthen the credit profile, and plans for more than 8 GW of dispatchable generation and the Carolina utility combination add execution priorities. Guidance remained maintained.
Guidance delta
Management maintained 2025 EPS guidance and its 5%-7% long-term EPS growth target through 2029; the analysis indicates no guidance reduction.
Key takeaways
- Management highlighted a $6 billion Brookfield investment in Duke Energy Florida and the $2.5 billion sale of its Tennessee LDC business to Spire as balance-sheet supports.
- The company plans higher Florida capital spending, more than 8 GW of dispatchable generation additions by 2031, and continued work on Carolina generation and utility combination plans.
- Data-center and advanced-manufacturing demand, including the AWS project in North Carolina, remains a central load-growth driver in management's outlook.
Management priorities
- Execute the expanded Florida grid and generation capital plan
- Advance Carolina generation projects, rate cases, and the DEC-DEP utility combination
- Improve credit metrics while pursuing 2% annual dividend growth and a lower payout ratio
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Analyst 52W Price Targets
$116.65Current
$93Low
$128.03Average
$150High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 9, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 17, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Keybanc | Overweight | Sector Weight | Upgrade | Jul 23, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 16, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jun 18, 2026 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Mar 5, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Mar 4, 2026 |
| UBS | Neutral | Neutral | Maintain | Dec 17, 2025 |
| Scotiabank | Sector Outperform | Sector Perform | Upgrade | Oct 3, 2025 |
| Jefferies | Hold | Buy | Downgrade | Sep 26, 2025 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jun 25, 2025 |
| Citigroup | Buy | Buy | Maintain | May 7, 2025 |
| Guggenheim | Buy | Buy | Maintain | Mar 5, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 29, 2024 |
| B of A Securities | Neutral | Neutral | Maintain | Aug 29, 2024 |
| Seaport Global | Neutral | Sell | Upgrade | Mar 17, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 12, 2022 |
| Vertical Research | Hold | Buy | Downgrade | Aug 6, 2021 |
| Argus Research | Buy | Hold | Upgrade | Jun 25, 2021 |
| Bank of America | Neutral | Buy | Downgrade | Jan 9, 2019 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Sep 26, 2016 |
| Scotia Howard Weil | Perform | Sector Perform | Maintain | Nov 17, 2015 |
| Deutsche Bank | Hold | Hold | Maintain | Nov 6, 2015 |
| Bernstein | Outperform | Market Perform | Upgrade | Jun 1, 2015 |
| Macquarie | Neutral | Outperform | Downgrade | Dec 9, 2014 |
| CRT Capital | Buy | Buy | Maintain | Nov 3, 2014 |
| ISI Group | Neutral | Buy | Downgrade | Mar 4, 2013 |
| Bank oferica | Neutral | Neutral | Maintain | Jun 11, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $116.65. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $124 | $116.84 | +6.3% | Oct 9, 2026 |
| Morgan Stanley | Analyst unavailable | $127 | $117.32 | +8.9% | Sep 18, 2026 |
| Truist Financial | Analyst unavailable | $135 | $123.92 | +15.7% | Aug 17, 2026 |
| Mizuho Securities | Anthony Crowdell | $136 | $124.27 | +16.6% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $132 | $124.27 | +13.2% | Aug 5, 2026 |
| KeyBanc | Sophie Karp | $139 | $127.95 | +19.2% | Jul 23, 2026 |
| Morgan Stanley | Analyst unavailable | $138 | $127.28 | +18.3% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $134 | $125.01 | +14.9% | Jul 20, 2026 |
| Mizuho Securities | Anthony Crowdell | $135 | $123.73 | +15.7% | Jun 18, 2026 |
| Barclays | Nicholas Campanella | $134 | $123.73 | +14.9% | Jun 18, 2026 |
| BTIG | Alex Kania | $139 | $119.89 | +19.2% | Jun 2, 2026 |
| Morgan Stanley | Analyst unavailable | $132 | $124.45 | +13.2% | May 21, 2026 |
| Truist Financial | Richard Sunderland | $137 | $120.95 | +17.4% | May 18, 2026 |
| Evercore ISI | Analyst unavailable | $140 | $124.65 | +20.0% | May 11, 2026 |
| Mizuho Securities | Analyst unavailable | $139 | $127.58 | +19.2% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $141 | $126.73 | +20.9% | Apr 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $136 | $127.87 | +16.6% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $142 | $127.87 | +21.7% | Apr 20, 2026 |
| Morgan Stanley | Analyst unavailable | $139 | $126.1 | +19.2% | Feb 20, 2026 |
| BMO Capital | James Thalacker | $136 | $123.64 | +16.6% | Feb 11, 2026 |
| Mizuho Securities | Anthony Crowdell | $130 | $123.64 | +11.4% | Feb 10, 2026 |
| BTIG | Alex Kania | $141 | $120.89 | +20.9% | Jan 30, 2026 |
| RBC Capital | Stephen D'Ambrisi | $140 | $116.85 | +20.0% | Jan 23, 2026 |
| Morgan Stanley | David Arcaro | $130 | $118.94 | +11.4% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $115 | $119.22 | -1.4% | Jan 20, 2026 |
| Barclays | Analyst unavailable | $127 | $118.68 | +8.9% | Jan 15, 2026 |
| UBS | Analyst unavailable | $126 | $115.59 | +8.0% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $126 | $116.19 | +8.0% | Dec 16, 2025 |
| Morgan Stanley | David Arcaro | $133 | $122.54 | +14.0% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $126 | $127.49 | +8.0% | Oct 27, 2025 |
| RBC Capital | Stephen D'Ambrisi | $143 | $127.49 | +22.6% | Oct 27, 2025 |
| Mizuho Securities | Analyst unavailable | $140 | $126.82 | +20.0% | Oct 27, 2025 |
| Morgan Stanley | David Arcaro | $136 | $129.53 | +16.6% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $150 | $128.33 | +28.6% | Oct 21, 2025 |
| Barclays | Nicholas Campanella | $135 | $126.09 | +15.7% | Oct 14, 2025 |
| UBS | Analyst unavailable | $137 | $124.71 | +17.4% | Oct 10, 2025 |
| BMO Capital | Analyst unavailable | $135 | $124.71 | +15.7% | Oct 10, 2025 |
| Evercore ISI | Analyst unavailable | $143 | $124.38 | +22.6% | Oct 6, 2025 |
| Scotiabank | Analyst unavailable | $137 | $121.57 | +17.4% | Oct 3, 2025 |
| Jefferies | Analyst unavailable | $134 | $122.32 | +14.9% | Sep 26, 2025 |
| Goldman Sachs | Analyst unavailable | $132 | $118.87 | +13.2% | Jul 1, 2025 |
| Guggenheim | Analyst unavailable | $135 | $115.23 | +15.7% | Mar 5, 2025 |
| BMO Capital | James Thalacker | $124 | $113.78 | +6.3% | Nov 11, 2024 |
| Mizuho Securities | Anthony Crowdell | $121 | $115.09 | +3.7% | Oct 15, 2024 |
| BMO Capital | James Thalacker | $126 | $116.7 | +8.0% | Sep 17, 2024 |
| Mizuho Securities | Anthony Crowdell | $116 | $116.85 | -0.6% | Sep 6, 2024 |
| Argus Research | Marie Ferguson | $125 | $112.69 | +7.2% | Aug 21, 2024 |
| BMO Capital | James Thalacker | $120 | $113.51 | +2.9% | Aug 7, 2024 |
| KeyBanc | Sophie Karp | $114 | $106.92 | -2.3% | Jul 22, 2024 |
| KeyBanc | Sophie Karp | $112 | $103.7 | -4.0% | May 20, 2024 |
| BMO Capital | James Thalacker | $110 | $103.89 | -5.7% | May 17, 2024 |
| BMO Capital | James Thalacker | $99 | $94.13 | -15.1% | Apr 16, 2024 |
| Mizuho Securities | Anthony Crowdell | $99 | $96.12 | -15.1% | Apr 5, 2024 |
| RBC Capital | Shelby Tucker | $113 | $99.28 | -3.1% | Jan 10, 2024 |
| Seaport Global | Angie Storozynski | $93 | $96.39 | -20.3% | Mar 17, 2023 |
| BMO Capital | Analyst unavailable | $110 | $103.7 | -5.7% | Jan 4, 2023 |
| Morgan Stanley | Analyst unavailable | $110 | $102.72 | -5.7% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $106 | $96.12 | -9.1% | Nov 11, 2022 |
| Credit Suisse | Nicholas Campanella | $114 | $111.06 | -2.3% | Aug 23, 2022 |
| Credit Suisse | Nicholas Campanella | $125 | $113.8 | +7.2% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $122 | $115.58 | +4.6% | Apr 20, 2022 |
| Citigroup | Ryan Levine | $120 | $112.82 | +2.9% | Apr 1, 2022 |
| Mizuho Securities | Anthony Crowdell | $107 | $103.52 | -8.3% | Jan 10, 2022 |
| Barclays | Eric Beaumont | $110 | $100.21 | -5.7% | Dec 6, 2021 |
| Credit Suisse | Maheep Mandloi | $105 | $98.64 | -10.0% | Jul 13, 2021 |
| Argus Research | Gary Hovis | $106 | $96.88 | -9.1% | Jun 25, 2021 |
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Start freeCompany context
Snapshot as of publicationDuke Energy Corporation, an energy provider operating across the United States with its various affiliates, structures its operations into three primary divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure division is responsible for generating, transmitting, distributing, and retailing electricity across the Carolinas, Florida, and the Midwestern states. Its power generation relies on a diverse portfolio of fuel sources, including coal, hydroelectric, natural gas, oil, renewable technologies, and nuclear energy. Beyond direct retail sales, it also provides electricity at wholesale rates to various entities such as municipalities, electric cooperative utilities, and other load-serving organizations.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-10T20:40:40.249911+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T20:40:40.247215+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.