STOCK TITAN

Duke Energy reports first-quarter 2021 financial results

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Duke Energy (NYSE: DUK) released its first-quarter 2021 financial results, highlighting its growth in serving 7.9 million customers across multiple states and its commitment to renewable energy. The company aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050, with plans to expand renewable energy capacity to 16,000 megawatts by 2025. Duke Energy has also been recognized on Fortune's 'World's Most Admired Companies' list and Forbes' 'America's Best Employers' list.

Positive
  • Commitment to at least 50% carbon reduction by 2030.
  • Plans for 16,000 megawatts of renewable energy capacity by 2025.
  • Recognition on Fortune's and Forbes' esteemed lists.
Negative
  • None.

CHARLOTTE, N.C., May 10, 2021 /PRNewswire/ -- Duke Energy (NYSE: DUK) today posted its first-quarter 2021 financial results in a news release available on the company's website at the following link: duke-energy.com/investors

Lynn Good, chair, president and chief executive officer, and Steve Young, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. ET today.

The call can be accessed via the investors' section (duke-energy.com/investors) of Duke Energy's website or by dialing 800-458-4121 in the U.S. or 323-794-2093 outside the U.S. The confirmation code is 5906267. Please call in 10 to 15 minutes prior to the scheduled start time.

A replay of the conference call will be available until 1 p.m. ET, May 20, 2021, by calling 888-203-1112 in the U.S. or 719-457-0820 outside the U.S. and using the code 5906267. An audio replay and transcript will also be available by accessing the investors' section of the company's website.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to operate or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune's 2021 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Catherine Butler
800.559.3853

Analysts contact: Jack Sullivan
980.373.3564

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/duke-energy-reports-first-quarter-2021-financial-results-301287409.html

SOURCE Duke Energy

FAQ

What were Duke Energy's first-quarter 2021 financial results?

Duke Energy's first-quarter 2021 financial results were posted on their website, reflecting growth in customer base and commitments to clean energy.

What is Duke Energy's carbon reduction goal for 2030?

Duke Energy aims for at least a 50% carbon reduction by 2030.

How many customers does Duke Energy serve?

Duke Energy serves approximately 7.9 million customers across several states.

What are Duke Energy's renewable energy plans by 2025?

Duke Energy plans to expand its renewable energy capacity to 16,000 megawatts by 2025.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

85.85B
772.48M
0.14%
66.6%
1.27%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE