Power holding firm Duke Power (NYSE: DUK) introduced monetary outcomes for the second quarter of fiscal 2025, reporting increased revenues and adjusted earnings.
- Second-quarter adjusted earnings rose to $1.25 per share from $1.18 per share within the corresponding quarter final yr
- On an unadjusted foundation, Q2 earnings have been $1.25 per share, vs. $1.13 per share within the prior-year quarter
- Whole working revenues elevated to $7.51 billion within the second quarter from $7.17 billion in Q2 2024
- Electrical Utilities and Infrastructure phase revenue was $1.19 billion in Q2, in contrast $1.09 billion final yr
- Fuel Utilities and Infrastructure phase revenue remained unchanged year-over-year at $6 million in Q2
- The administration reaffirmed its FY25 adjusted earnings steering within the vary of $6.17 to $6.42 per share
- It continues to count on the long-term adjusted EPS development charge to be between 5% and seven% by 2029, off the 2025 midpoint of $6.30.
