Electric utility Duke Energy Corp. (DUK) posted a surge in first-quarter net income attributable to the company to $634 million, or $0.89 per share, from the year-ago quarter's $295 million, or $0.66 per share.
On an adjusted basis, earnings per share amounted to $1.02 for the recent quarter, reflecting the addition of earnings from Progress Energy, favorable weather and revised customer rates for Duke Energy Carolinas. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $1.04 for the quarter. Analysts' estimates typically exclude one-time items. The company said these drivers helped mitigate the impact of share dilution from the merger and less favorable results from the company's Commercial Power and International Energy units.
Total operating revenues of $5.90 billion in the quarter, were higher than $3.63 billion a year before, and beat consensus estimates of $5.74 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.