High Power Demand Boosts Duke Energy’s Q2 Profit ...Middle East

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High Power Demand Boosts Duke Energy’s Q2 Profit
source : OILPRICE ( Middle East ) () 42
U.S. utility giant Duke Energy (NYSE: DUK) beat analyst estimates as higher sales volumes and increased rates boosted its revenues for the second quarter. Duke Energy reported on Tuesday adjusted earnings per share (EPS) of $1.18 for the second quarter of 2024. This is higher than the adjusted EPS of $0.91 for the second quarter of 2023, and higher than the $1.02 analyst consensus estimate, too. Higher second-quarter 2024 adjusted results were driven by growth from rate increases and riders, higher sales volumes, and improved weather, which…

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