CLAIM #21971 · DUK (DUK) · 2024Q2 earnings call · Aug 6, 2024 · due Dec 31, 2028
“As Brian indicated, we see a lot of growth in that '27-'28 period with the economic development pipeline. So that gives us the opportunity to earn at the higher end of the range. If those projects mature at the pace we expect.”
Lynn Good · CEO
How to check this claim
Look at: Adjusted EPS growth rate relative to base year, as reported by company
It came true if: 2027-2028 adjusted EPS growth rate in upper half of 5%-7% range (i.e. >=6%) for at least one of those years
Where: Company earnings releases and investor presentations (adjusted EPS growth disclosure), FY2027 and FY2028
In context
“us a high degree of confidence in the 5% to 7% at a minimum, extending that, but also presents the opportunity to earn at the top end of that range later in the period. I will say that the things to watch would be an economic downturn, right? That affects any utility. It would affect our communities that we serve and would affect our customer demand. So that's something that we definitely keep our finger on the pulse with our customers, understanding where they are and what pressures they're seeing. But that probably -- Lynn, I don't know if you would add anything to that? Lynn Good: Nick, I would say we are comfortably positioned within the 5% to 7% and feel like it's strongly positioned when you look at this economic development for a sustained period of given you 5% to 7% through '28. As Brian indicated, we see a lot of growth in that '27-'28 period with the economic development pipeline. So that gives us the opportunity to earn at the higher end of the range. If those projects mature at the pace we expect. And if we continue to add them, which has certainly been our experience here in 2024. So we'll continue to update you every step of the way and are anxious to provide an update in February that will not only capture this economic development we've seen in '24, but also give us a chance to update capital. We've produced a lot of cash flow. The balance sheet is strengthening in 2024 as well. So we're very optimistic about the future. Operator: The next question comes from Julien Dumoulin-Smith from Jefferies. Julien Dumoulin-Smith: Maybe just following up on this focus on industrial growth. I mean, you guys outlined these MoUs here, can you comment to the expense of which that is incremental versus reflected in that projection on load growth in '27-'28? I imagine it's very substantively exc”
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SEC filings for DUK ↗ · Claim quote is verbatim from the 2024Q2 earnings call.