CLAIM #22054 · DUK (DUK) · 2024Q4 earnings call · Feb 13, 2025 · due Dec 31, 2029
“As we look through time, operating cash flow does accelerate. We're making more investment. Those investments are turning into top-line revenues. And we see the 14% improving.”
Brian Savoy · CFO
How to check this claim
Look at: Operating cash flow to debt ratio (or equivalent credit metric cited as '14%') as reported/discussed by Duke Energy
It came true if: Metric improves above 14% (i.e., exceeds the 14% baseline) at some point before the 2029 deadline
Where: Company disclosures / credit rating agency commentary referenced on Duke Energy earnings calls (10-K, investor presentations)
In context
“and the size of and scale of Duke Energy, I firmly believe 100 basis points of cushion from the Moody's downgrade threshold gives us flexibility to execute our plans with confidence and to deal with uncertainties that come our way. And we've proven that over the past several years. The rating agencies have been tremendously positive towards us, and the regulatory outcomes that we've been able to work with our regulators on have provided that operating cash flow that the rating agencies are looking for and that consistency of top-line revenues that support a credit profile of ours. So I would start with that. So, you know, the 14% is a solid number for Duke Energy given the size and scale and diversity we have and the rating agencies have been very supportive of us. Every step of the way. As we look through time, operating cash flow does accelerate. We're making more investment. Those investments are turning into top-line revenues. And we see the 14% improving. Again, I'm gonna provide more details as the plan progresses, but we feel very good that where we sit and how we see the five years playing out in front of us. And, you know, on the earnings question, I would just say that load growth in 2027, 2028, 2029 is a step change for us. It moves up from the 1.5% to 2% we're seeing in 2025 and 2026 to a 3% to 4% across the enterprise. And that's a substantial step up and it gives us clearly the opportunity to earn in the top half. Anthony Crowdell: Great. Thanks so much for taking the questions. Brian Savoy: Thank you. Operator: Our final question today comes from Durgesh Chopra with Evercore ISI. Your line is open. Please go ahead. Durgesh Chopra: Hey, team. Good morning. Thank you for giving me time and and called you know, the congratulations f”
Verify independently
SEC filings for DUK ↗ · Claim quote is verbatim from the 2024Q4 earnings call.