Duke Energy reports second-quarter 2023 financial results

Rhea-AI Summary

Duke Energy (DUK) releases Q2 2023 financial results, showcasing an aggressive clean energy transition to achieve net-zero methane emissions by 2030 and net-zero carbon emissions by 2050. The company also discusses major electric grid enhancements, energy storage, and exploration of zero-emission power generation technologies. Duke Energy was named to Fortune's 2023 'World's Most Admired Companies' list and Forbes' 'World's Best Employers' list.

Positive

• Duke Energy is making significant strides in its clean energy transition, aligning with global environmental goals and potentially attracting environmentally conscious investors. The company's inclusion in prestigious lists like Fortune's 'World's Most Admired Companies' and Forbes' 'World's Best Employers' reflects positively on its corporate reputation and employee satisfaction.

Negative

• None.

CHARLOTTE, N.C., Aug. 8, 2023 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its second-quarter 2023 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 616981. 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 Aug. 9.

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 27,600 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. 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' "World'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 Q2 2023?

Duke Energy has posted its Q2 2023 financial results on their website, showcasing their performance during this period.

What are Duke Energy's environmental goals?

Duke Energy aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050, with interim targets set for 2030, 2035, and 2040.

What recognitions has Duke Energy received in 2023?

Duke Energy has been named to Fortune's 2023 'World's Most Admired Companies' list and Forbes' 'World's Best Employers' list, highlighting its positive corporate reputation and employee satisfaction.