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Q1 26 EPS
$1.93
BEAT +7.51%
Est. $1.80
Q1 26 Revenue
$9.18B
BEAT +8.11%
Est. $8.49B
vs S&P Since Q1 26
+420.8%
BEATING MARKET
DUK +422.1% vs S&P +1.4%
Market Reaction
Did DUK Beat Earnings? Q1 2026 Results
Duke Energy opened 2026 on a strong footing, posting first-quarter adjusted EPS of $1.93 against a consensus estimate of $1.80, a beat of 7.51% that extends the Charlotte-based utility's streak of exceeding Wall Street expectations to four consecutiv… Read more Duke Energy opened 2026 on a strong footing, posting first-quarter adjusted EPS of $1.93 against a consensus estimate of $1.80, a beat of 7.51% that extends the Charlotte-based utility's streak of exceeding Wall Street expectations to four consecutive quarters. Revenue of $9.18 billion topped estimates by 8.11% and grew 11.3% year-over-year, reflecting broad momentum across the company's regulated franchise. The primary engine behind the outperformance was the Electric Utilities and Infrastructure segment, where adjusted income climbed to $1.40 billion from $1.28 billion a year ago, powered by rate case impacts across Indiana, the Carolinas, Florida, and Duke Energy Progress, which collectively contributed $0.14 per share. Growing institutional interest in the stock underscores the market's confidence in Duke's regulated growth model. Looking ahead, management reaffirmed its 2026 adjusted EPS guidance range of $6.55 to $6.80 and its 5% to 7% long-term growth target through 2030, with confidence to earn in the top half of that range beginning in 2028.
Key Takeaways
- • Recovery of infrastructure investments to reliably serve customers in growing jurisdictions
- • Favorable weather contributing $0.04 per share
- • Rate case impacts across multiple jurisdictions contributing $0.14 per share
- • Riders and other retail margin contributing $0.13 per share including transmission revenues and higher grid modernization riders
- • Volume growth of $0.03 per share
- • Increased amortization of nuclear production tax credits reducing adjusted effective tax rate to 10.6%
- • Customer growth of 1.4% in retail electric customers year-over-year
DUK Forward Guidance & Outlook
Duke Energy reaffirmed its 2026 adjusted EPS guidance range of $6.55 to $6.80 and its long-term adjusted EPS growth rate of 5% to 7% through 2030 off the 2025 midpoint of $6.30, with confidence to earn in the top half of the range beginning in 2028. Management does not forecast reported GAAP EPS or related long-term growth rates. The company highlighted 7.6 GW of economic development projects secured under Electric Service Agreements and $5.3 billion in strategic transactions closed to strengthen its balance sheet and support growth.
DUK YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
DUK Revenue by Segment
With YoY comparisons, source: SEC Filings
“We're advancing the economies of the states we serve by making the right investments at the right time in a way that delivers value for our customers and communities. From maximizing our existing fleet, to constructing new generation and strengthening the grid, we're executing today and building for the future – all while pursuing solutions to keep rates as low as possible.”
— Harry Sideris, Q1 2026 Earnings Press Release
DUK Earnings Trends
DUK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DUK EPS Trend
Earnings per share: estimate vs actual
DUK Revenue Trend
Quarterly revenue: estimate vs actual
DUK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.80 | $1.93 | +7.51% | $9.18B | +8.11% |
| Q4 25 BEAT FY | $1.49 | $1.50 | +0.49% | $7.94B | +4.62% |
| FY Full Year | $6.31 | $6.31 | -0.03% | $32.24B | +1.13% |
| Q3 25 BEAT | $1.75 | $1.81 | +3.45% | $8.54B | -0.13% |
| Q2 25 BEAT | $1.17 | $1.25 | +6.42% | $7.51B | +0.55% |
| Q1 25 BEAT | $1.59 | $1.76 | +10.84% | $8.25B | +1.69% |