Duke Energy reports second-quarter 2022 financial results

Rhea-AI Summary

Duke Energy (NYSE: DUK) reported its second-quarter 2022 financial results. The call, led by CEO Lynn Good and CFO Steve Young, is available for access on their investor website. The company serves 8.2 million electric customers and 1.6 million natural gas customers, actively pursuing a clean energy transition with goals of net-zero methane emissions by 2030 and net-zero carbon emissions by 2050. Duke Energy aims to enhance its electric grid and explore zero-emission technologies, while maintaining a significant energy capacity of 50,000 megawatts.

Positive

• The company is aggressively transitioning to clean energy, targeting net-zero methane emissions by 2030.
• Ambitious goal of achieving net-zero carbon emissions by 2050, including Scope 2 and certain Scope 3 emissions.

Negative

• None.

CHARLOTTE, N.C., Aug. 4, 2022 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its second-quarter 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 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 888-510-2359 in the U.S. or 646-960-0215 outside the U.S. The confirmation code is 2999899. Please call in 10 to 15 minutes prior to the scheduled start time.

A recording of the webcast with transcript will be available on the investors' section of the company's website by Aug. 5.

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 2022 "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: Jack Sullivan
980.373.3564

 

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SOURCE Duke Energy

FAQ

What were Duke Energy's financial results for Q2 2022?

Duke Energy's financial results for Q2 2022 can be accessed through their investor website.

What is Duke Energy's clean energy goal?

Duke Energy aims for net-zero carbon emissions by 2050 and net-zero methane emissions by 2030.

How many customers does Duke Energy serve?

Duke Energy serves 8.2 million electric customers and 1.6 million natural gas customers.

When will the Duke Energy investor presentation take place?

The investor presentation is scheduled for 10 a.m. ET on August 4, 2022.