CLAIM #21947 · DUK (DUK) · 2024Q2 earnings call · Aug 6, 2024 · due Dec 31, 2024
“We are reaffirming our 2024 guidance range of $5.85 to $6.10.”
Lynn Good · CEO
In context
“shareholders. We have clear growth visibility driven by our $73 billion capital plan, which is focused on grid and generation investments to support the growing communities we serve. In a moment, Harry will provide an update on recent regulatory activity and operational highlights from across the business; and later in the call, Brian will walk through detailed financial results and our long-term sales outlook. But let me begin with the results for the quarter. Turning to Slide 5. Today, we announced adjusted earnings per share of $1.18, building on our strong start to the year. These results were $0.27 above last year, driven by growth across our electric utilities and improved weather. We continue to deliver consistent outcomes, carrying positive momentum into the back half of the year. We are reaffirming our 2024 guidance range of $5.85 to $6.10. We are also reaffirming our long-term EPS growth rate of 5% to 7% through 2028 based off of $5.98 midpoint for 2024. With that, I'd like to hand the call over to Harry. Harry Sideris: Thank you, Lynn. Starting on Slide 6. We have a long history of working with stakeholders to achieve constructive regulatory outcomes that benefit our customers and deliver returns for our shareholders. Since the start of 2023, we've continued to build on this track record with approximately $75 billion of rate base investments approved or settled across 7 rate cases. I'm proud of the teams across the company that contributed to these impressive results. The outcomes support essential critical infrastructure investments acknowledging the rising cost of capital through higher ROEs and allow us to meet our cus”
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SEC filings for DUK ↗ · Claim quote is verbatim from the 2024Q2 earnings call.