Duke Energy reports fourth-quarter and full-year 2022 financial results

Rhea-AI Summary

Duke Energy (NYSE: DUK) reported its fourth-quarter and full-year 2022 financial results on February 9, 2023. The comprehensive results are accessible on Duke's investor relations website. During an investor presentation held at 10 a.m. ET on the same day, executives, including CEO Lynn Good and CFO Brian Savoy, discussed the financial updates. Duke Energy serves 8.2 million electric customers across several states and is pursuing a net-zero carbon emissions commitment by 2050, alongside significant investments in clean energy technology and grid enhancements. The company was also recognized in Fortune's and Forbes' lists of admired companies.

Positive

• Duke Energy is committed to achieving net-zero carbon emissions by 2050.
• The company plans to reduce carbon emissions from electric generation by at least 50% by 2030.
• Duke Energy was named to Fortune's 'World's Most Admired Companies' and Forbes' 'America's Best Employers' lists.

Negative

• None.

CHARLOTTE, N.C., Feb. 9, 2023 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its fourth-quarter and year-end 2022 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 Brian Savoy, 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 844-200-6205 in the U.S. or 929-526-1599 outside the U.S. The confirmation code is 242312. Please call in 10 to 15 minutes prior to the scheduled start time.

A recording of the webcast will be available on the investors' section of the company's website on Feb. 10.

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 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 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 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune's 2023 "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: Jennifer Garber
800.559.3853

Analysts contact: Abby Motsinger
704.382.7624

 

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SOURCE Duke Energy

FAQ

What are Duke Energy's financial results for Q4 and full year 2022?

Duke Energy released its fourth-quarter and full-year 2022 financial results on February 9, 2023, available on its investor relations website.

What is Duke Energy's commitment regarding carbon emissions?

Duke Energy aims for net-zero carbon emissions by 2050 and plans to reduce carbon emissions from electric generation by at least 50% by 2030.

Who are the executives discussing Duke Energy's financial results?

Lynn Good, chair and CEO, and Brian Savoy, CFO, discussed the financial results during an investor presentation.

How many customers does Duke Energy serve?

Duke Energy serves 8.2 million electric customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.