Duke Energy Corp Stock Price, News & Analysis

Duke Energy (NYSE: DUK) has announced the sale of its Piedmont Natural Gas Tennessee business to Spire Inc. for $2.48 billion in cash. The transaction, expected to close in Q1 2026, represents a 1.8x multiple of 2024 rate base and a 24x multiple of 2024 earnings. The sale includes nearly 3,800 miles of pipelines and a liquefied natural gas facility serving 205,000 customers.

Of the proceeds, $800 million will offset Piedmont Natural Gas debt, while the remaining $1.5 billion will help fund Duke Energy's $83 billion five-year capital plan. The company plans to utilize existing tax credits to offset most cash taxes from the transaction. Current employees supporting the Tennessee business will transition to Spire to maintain operational continuity.

Duke Energy (NYSE: DUK) has released energy-saving tips and assistance programs for customers facing triple-digit temperatures in the Carolinas. The company's recommendations include setting thermostats to higher comfortable temperatures, using cold water for laundry, and running heat-producing appliances during cooler morning hours.

The utility provider offers several assistance programs including free home energy assessments, Smart $aver rebates for equipment upgrades, and bill credits through Power Manager® and EnergyWise® Home programs. Duke Energy also provides payment assistance through various initiatives, including the Share the Light Fund® and a new Payment Assistance Finder tool.

Duke Energy (NYSE: DUK) is actively preparing for potential severe weather conditions expected to impact its Indiana service territory this weekend. The company, which serves approximately 920,000 customers across a 23,000-square-mile service area in Indiana, has outlined comprehensive storm preparation guidelines and multiple channels for outage reporting.

The utility provider has established various communication channels for customers to report outages, including text messaging, mobile app, website, and phone services. Duke Energy Indiana, the state's largest electric supplier, maintains 6,300 megawatts of owned electric capacity and is part of Duke Energy's broader network serving 8.4 million electric customers across six states.

The company emphasizes the importance of customer preparedness, particularly for those with special needs or relying on electric-powered life support equipment.

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $1.065 per share on its common stock, representing a $0.02 increase. The dividend will be paid on September 16, 2025, to shareholders of record as of August 15, 2025.

The company also announced a quarterly cash dividend of $359.375 per share on its Series A preferred stock, equivalent to $0.359375 per depositary share. Duke Energy has maintained an impressive track record of 99 consecutive years of cash dividend payments on its common stock.

Duke Energy (NYSE: DUK), a Fortune 150 energy holding company, will release its second-quarter 2025 financial results on Tuesday, August 5, 2025, at 7 a.m. ET. The company will host an earnings conference call at 10 a.m. ET featuring CEO Harry Sideris and CFO Brian Savoy.

Duke Energy serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. The company is actively pursuing an energy transition strategy, focusing on grid upgrades and diversifying its generation portfolio through investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy Carolinas (NYSE: DUK) has filed a rate review request with South Carolina regulators, seeking an annual revenue increase of $150.5 million, representing a 7.7% increase over current revenues. If approved, the new rates would take effect March 1, 2026.

The proposal would increase monthly bills for typical residential customers using 1,000 kilowatt-hours from $136.82 to $147.19, a $10.38 increase. Commercial customers face an average 5.4% increase, while industrial customers would see approximately 5.2% higher rates.

The rate adjustment reflects investments in grid strengthening, storm readiness, and generation fleet maintenance serving nearly 680,000 retail electric customers across 18 South Carolina counties. The company's smart, self-healing technology has already demonstrated effectiveness during Hurricane Helene, automatically restoring over 35,000 customer outages and saving more than 153,000 hours of total outage time.

Duke Energy (NYSE: DUK) has set a new preliminary summer usage record of 35,269 MWh on June 24, 2025, surpassing the previous summer record of 34,439 MWh from July 2024. The achievement comes amid triple-digit temperatures in the Carolinas, where customers helped manage peak demand through conservation efforts.

Over 521,000 Carolinas customers participated in demand response programs during June 23-24. The company relies on a diverse energy mix including nuclear, natural gas, hydro, renewables, and coal to meet high demand periods. Duke Energy continues to expand its portfolio with plans for solar, energy storage, and new natural gas plants over the next five years.

The company has also outlined various energy-saving programs and initiatives for customers, including home energy assessments, rebates for equipment upgrades, and payment assistance options.

Duke Energy (DUK) has issued an urgent request for customers in North and South Carolina to reduce their electricity consumption during peak hours (3-8 p.m.) on June 23, 2025, due to high temperatures straining the power grid. The company provided several recommendations to help minimize energy usage, including adjusting thermostats to higher temperatures, postponing laundry, avoiding electric range/oven use, and turning off unnecessary appliances. Duke Energy, serving 8.6 million electric customers across six states, emphasizes that customer cooperation is crucial for maintaining grid stability and preventing potential isolated power outages. The company is actively managing power supplies while implementing ambitious energy transition plans, including grid upgrades and investment in cleaner generation sources.

Duke Energy (DUK) is proactively addressing the first summer heat wave in the Carolinas by providing customers with energy-saving strategies and financial assistance options. The company offers personalized usage alerts, customer programs, and incentives to help manage energy costs during peak temperatures. Key recommendations include optimizing thermostat settings, using cold water for laundry, running heat-producing appliances during cooler hours, and proper use of curtains and ceiling fans. Duke Energy provides free home energy assessments, Smart $aver® rebates for equipment upgrades, and bill credits through Power Manager® and EnergyWise® Home programs. The company also offers payment assistance through installment plans and partnerships with local agencies for qualified customers.