Duke Energy Corporation 5.625%
- Open
- 22.15
- Day high
- 22.15
- Day low
- 22.01
- Prev close
- 22.17
- Volume
- 43K
- Mkt cap
- $17.2B
- P/E (TTM)
- 3.3
- EPS (TTM)
- $6.66
- P/B
- 0.3
- P/S
- 0.5
- Yield
- 6.36%
- Per share
- $1.41
Duke Energy Corporation 5.625% (DUKB) is a Utilities company listed on NYSE. The stock is down 10% over the past year. Drillr has 1 published research article covering DUKB.
Duke Energy Corporation 5.625% (DUKB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DUKB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $1.30 | $1.43 | +10.0% | $7.6B | -0.9% |
| May 12, 2026 | $1.77 | $1.97 | +11.3% | $9.2B | +6.8% |
| Feb 10, 2026 | $1.49 | $1.52 | +2.0% | $7.9B | +6.9% |
| Nov 7, 2025 | $1.76 | $1.83 | +4.0% | $8.5B | -0.3% |
| Feb 27, 2025 | $1.65 | $1.56 | -5.5% | $6.9B | -8.5% |
| Nov 7, 2024 | $1.70 | $1.66 | -2.4% | $8.2B | +1.2% |
| Feb 23, 2024 | $1.53 | $1.44 | -5.9% | $7.2B | -0.3% |
| Nov 2, 2023 | $1.92 | $1.62 | -15.6% | $8.0B | -1.7% |
| Feb 27, 2023 | — | $-0.83 | — | $6.9B | — |
| Nov 4, 2022 | — | $1.85 | — | $7.8B | — |
| Aug 4, 2022 | — | $1.18 | — | $6.6B | — |
| Feb 24, 2022 | — | $0.97 | — | $5.3B | — |
DUKB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Dec 19, 2023 | Kesner Idalene Faydirector | Grant | 322 | — |
| Nov 22, 2023 | Ghartey-Tagoe Kodwoofficer: EVP, CLO & Corp Sec | Sell | 2,500 | $89.76 |
| Oct 4, 2023 | Kesner Idalene Faydirector | Grant | 364 | — |
| Aug 18, 2023 | MCKEE E MARIEdirector | Sell | 1,785 | $91.06 |
| Aug 18, 2023 | Ghartey-Tagoe Kodwoofficer: EVP, CLO & Corp Sec | Sell | 2,500 | $91.43 |
| Jul 7, 2023 | Kesner Idalene Faydirector | Grant | 341 | — |
| May 23, 2023 | REISING RONALD Rofficer: EVP & Chief HR Officer | Tax | 158 | $91.97 |
| May 9, 2023 | Glenn Robert Alexanderofficer: EVP & CEO DEF & Midwest | Tax | 86 | $99.36 |
| May 9, 2023 | Renjel Louis E.officer: EVP, External Affairs & Comm | Tax | 100 | $99.36 |
| May 8, 2023 | Herron John Tdirector | Grant | 1,784 | $98.11 |
| May 8, 2023 | MCKEE E MARIEdirector | Grant | 1,784 | $98.11 |
| May 8, 2023 | DORSA CAROLINEdirector | Grant | 1,784 | $98.11 |
| May 8, 2023 | Pacilio Michael J.director | Grant | 1,784 | — |
| May 8, 2023 | FANANDAKIS NICHOLAS Cdirector | Grant | 1,784 | — |
| May 8, 2023 | CRAVER THEODORE F JRdirector | Grant | 1,784 | $98.11 |
Source: DUKB SEC Form 4 filings, latest Dec 19, 2023. For informational purposes only — not investment advice.
See the full DUKB insider & 13F page →Duke Energy Corporation 5.625% company profile
Overview
Duke Energy Corporation (NYSE:DUKB) is one of the largest electric power holding companies in the United States, founded on April 30, 1904 and headquartered in Charlotte, North Carolina. The company has evolved over more than a century from a regional utility into a major energy infrastructure provider serving millions of customers across the Southeastern and Midwestern United States. Duke Energy operates as a regulated utility company, meaning its rates and operations are overseen by state public utility commissions, providing essential electricity and natural gas services to residential, commercial, and industrial customers.
Business
Duke Energy operates as a diversified energy company with three primary business segments that collectively serve approximately 8.2 million electric customers and 1.6 million natural gas customers across six states. The Electric Utilities and Infrastructure segment represents the company's core business, generating approximately 85-90% of total revenues. This segment operates regulated electric utilities in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky. The company generates electricity through a diverse portfolio of power plants including nuclear facilities, natural gas plants, coal-fired stations, and renewable energy sources such as solar and wind. Duke Energy owns and operates the electrical grid infrastructure including transmission lines, substations, and distribution networks that deliver power to end customers. The Gas Utilities and Infrastructure segment accounts for roughly 10-15% of revenues and includes Piedmont Natural Gas, which provides natural gas distribution services to customers in North Carolina, South Carolina, and Tennessee. This segment also encompasses natural gas local distribution companies in Ohio and Kentucky, along with natural gas storage facilities and midstream pipeline investments that support the broader natural gas supply chain. The Other segment includes corporate functions, interest expenses on holding company debt, unallocated corporate costs, and Bison, which is Duke Energy's wholly-owned captive insurance subsidiary that provides insurance coverage for the company's operations. As a regulated utility, Duke Energy's business model centers on providing essential energy services through monopolistic service territories where the company is the sole provider of electricity and natural gas to customers within designated geographic regions.
Revenue model
Duke Energy generates revenue primarily through regulated utility rate structures approved by state public utility commissions. The company earns money by charging customers for electricity and natural gas consumption based on predetermined rates that include recovery of operating costs, depreciation of infrastructure investments, and an allowed return on invested capital. For the electric utilities business, Duke Energy charges customers through various rate schedules including residential, commercial, and industrial tariffs that typically include both fixed monthly charges and variable usage-based charges measured in kilowatt-hours. The natural gas utilities operate similarly, charging customers for natural gas consumption measured in therms or cubic feet, plus monthly service charges. The regulated utility model provides relatively predictable cash flows since rate increases are periodically approved by regulators to recover increased costs and earn returns on new capital investments. However, several factors can impact profitability margins. Positive margin drivers include approved rate increases, growing customer bases in served territories, increased electricity demand from economic growth or electrification trends, and successful cost management initiatives. Negative margin pressures come from rising fuel costs (particularly natural gas and coal), increased environmental compliance costs, higher interest rates that increase financing costs for capital projects, extreme weather events that damage infrastructure, and regulatory delays or denials of requested rate increases. The company's earnings are also influenced by seasonal patterns, with higher electricity demand during summer cooling seasons and winter heating periods driving increased revenues, while spring and fall typically represent lower-demand periods.
Competitive moat
Duke Energy possesses a strong economic moat primarily derived from its regulated utility monopoly status within its service territories. The company operates as the exclusive provider of electricity and natural gas in designated geographic regions, creating natural monopolies that are extremely difficult for competitors to penetrate due to the massive capital requirements and regulatory barriers involved in building duplicate energy infrastructure. The regulatory framework provides additional moat strength through rate-setting mechanisms that generally allow the company to recover its costs and earn approved returns on invested capital. This creates a relatively predictable business model with limited direct competition. The essential nature of electricity and natural gas services also provides demand stability, as customers have few alternatives and energy consumption is relatively inelastic to price changes in the short term. However, the moat faces some emerging challenges. Distributed energy resources such as rooftop solar panels and battery storage systems allow some customers to reduce their reliance on the traditional utility grid. Regulatory pressure for lower rates and faster transitions to renewable energy can compress margins and require substantial capital investments. Technological disruption from advances in energy storage, microgrids, and demand response technologies could potentially reshape the utility business model over time. Despite these challenges, the physical infrastructure requirements, regulatory barriers, and essential service nature of the utility business continue to provide Duke Energy with substantial competitive advantages and barriers to entry that should persist for the foreseeable future.
Risks & safety
Duke Energy presents a moderate margin of safety typical of large regulated utilities, with some areas of concern regarding leverage and capital intensity. • Debt and Solvency: The company carries significant debt with a debt-to-equity ratio of approximately 1.70, which is elevated but not uncommon for capital-intensive utilities. Total liabilities of $135 billion against total assets of $186 billion indicate substantial leverage. • Cash Position: Limited cash holdings of only $314 million as of Q4 2024, with negative free cash flow in recent periods (-$971 million in Q1 2025, $48 million for full year 2024) indicating ongoing capital investment demands exceed operating cash generation. • Valuation Metrics: Trading at approximately 18.4x earnings and 1.66x book value, with an EV/EBITDA of 11.7x, representing reasonable but not deeply discounted valuations for a utility. • Operational Cash Flow: Strong operating cash flow generation of $12.4 billion in 2024 provides adequate coverage for interest payments and dividends, though capital expenditure requirements often exceed this amount. • Current Ratio: Below 1.0 at 0.67 indicates potential short-term liquidity concerns, though utilities typically manage this through credit facilities and seasonal cash flow patterns. • Regulatory Support: Regulated utility status provides some downside protection through rate recovery mechanisms, though regulatory lag and approval processes create timing risks.
Recent development
Based on the available financial data, Duke Energy has been executing several key strategic initiatives over recent years, though specific details are limited without earnings call transcripts. The company has been investing heavily in infrastructure modernization and expansion, as evidenced by consistently high capital expenditures that often exceed operating cash flow generation. The utility sector is undergoing significant transformation toward cleaner energy sources, and Duke Energy appears to be participating in this transition through investments in renewable energy projects and grid modernization. The company's asset base has grown from $178 billion in 2022 to $186 billion in 2024, indicating substantial ongoing capital deployment. Revenue has grown modestly from $28.8 billion in 2022 to $30.4 billion in 2024, suggesting steady organic growth from customer additions and rate increases. However, earnings volatility is evident, with net income ranging from $2.6 billion in 2022 to $4.6 billion in 2024, likely reflecting the impact of regulatory proceedings, weather patterns, and one-time items. The company's focus on maintaining its regulated utility business model while adapting to changing energy markets and environmental regulations appears to be the primary strategic direction, requiring continued substantial capital investments in both traditional and renewable energy infrastructure.
DUKB company profile · for informational purposes only — not investment advice.
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