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Duke Energy logoDuke Energy DUK

The company said its reported full-year 2023 EPS was $3.54 and its adjusted EPS was $5.56, compared with reported EPS of $3.17 and adjusted EPS of $5.27 for full-year 2022. The company said adjusted full-year EPS finished within its guidance range.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its reported full-year 2023 EPS was $3.54 and its adjusted EPS was $5.56, compared with reported EPS of $3.17 and adjusted EPS of $5.27 for full-year 2022. The company said adjusted full-year EPS finished within its guidance range.

  2. Duke Energy introduced 2024 adjusted EPS guidance of $5.85 to $6.10 and reaffirmed its long-term adjusted EPS growth rate of 5% to 7% per year through 2028, off the 2024 midpoint of $5.98, the company said. It also said its 5-year capital plan increased to $73 billion.

  3. The company said its reported EPS for Q4 2023 was $1.27 (reported loss per share of $0.86 for Q4 2022), and its adjusted EPS was $1.51 ($1.11 for Q4 2022). Adjusted segment income for Electric Utilities and Infrastructure in Q4 was $1,115 million, compared with $811 million a year earlier.

  4. The company said it adjusted the difference between reported full-year 2023 EPS of $3.54 and adjusted EPS of $5.56 for special items, including regulatory matters of $0.08, organizational optimization of $0.13 and discontinued operations of $1.81. The total adjustments came to $2.02 per share.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Reported and Adjusted Full-Year EPS

The company said its reported full-year 2023 EPS was $3.54 and its adjusted EPS was $5.56, compared with reported EPS of $3.17 and adjusted EPS of $5.27 for full-year 2022. The company said adjusted full-year EPS finished within its guidance range.

Source · Based on the filing body and exhibits

2024 Adjusted EPS Guidance and 5-Year Capital Plan

Duke Energy introduced 2024 adjusted EPS guidance of $5.85 to $6.10 and reaffirmed its long-term adjusted EPS growth rate of 5% to 7% per year through 2028, off the 2024 midpoint of $5.98, the company said. It also said its 5-year capital plan increased to $73 billion.

Source · Based on the filing body and exhibits

Q4 EPS and Adjusted Segment Results

The company said its reported EPS for Q4 2023 was $1.27 (reported loss per share of $0.86 for Q4 2022), and its adjusted EPS was $1.51 ($1.11 for Q4 2022). Adjusted segment income for Electric Utilities and Infrastructure in Q4 was $1,115 million, compared with $811 million a year earlier.

Source · Based on the filing body and exhibits

Special Items Behind Full-Year Adjusted Results

The company said it adjusted the difference between reported full-year 2023 EPS of $3.54 and adjusted EPS of $5.56 for special items, including regulatory matters of $0.08, organizational optimization of $0.13 and discontinued operations of $1.81. The total adjustments came to $2.02 per share.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.