Duke Energy (DUK), which is holding an investor day, forecasts 2013 EPS of $4.20-4.45 vs...


Duke Energy (DUK), which is holding an investor day, forecasts 2013 EPS of $4.20-4.45 vs consensus of $4.34. Expects earnings growth of 4-6% from 2013-2015 and 2013 capex of $5.9-6.3B. To continue to focus on increasing dividend. Power portfolio will continue to contain "much less coal and more natural gas."
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Comments (5)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Until Nat Gas starts costing them over $6 that is...
    28 Feb 2013, 09:22 AM Reply Like
  • MexCom
    , contributor
    Comments (3069) | Send Message
     
    They are building multi-fuel plants to take advantage of the best possible cost advantage in the market. Also the decrease in coal is mandatory from EPA regulation but they are getting ahead of the timeline requirements. Their earnings projections seem conservative and I expect a series of beating analyst estimates going forward, an increase in the dividend and them getting almost all of the 9% plus rate increase request.
    28 Feb 2013, 10:58 AM Reply Like
  • spider11@bellsouth.net
    , contributor
    Comments (2) | Send Message
     
    Hi wigit5

     

    I hear there will be continual expansion of drilling for the next 2 1/2 decades. Believe the WSJ had an article on it today. Got anything we should know that makes you think it will be going up that high?

     

    Regards

     

    Bob D
    1 Mar 2013, 06:57 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Well Bob, in the near future no it probably won't see $6 I was being a bit sarcastic since these utility companies are all holier than though touting how green they are because they are using Nat Gas when that is really a by product of just making money.

     

    They are only being green now because its monetarily advantageous for them to be. As soon as coal is cheaper they switch back (as evidence check most of the utilities using the PRB or illinois basin coals a lot of them have switched back).

     

    My honest opinion is we reach a place where the US runs on whichever is cheaper at the time pretty fluidly... More data is needed on nat gas wells though as there is a lot of concern about the outputs rates dropping as much as 80% after the first year. If we do start exporting it in the next 4-5 years (some terminals have been planned to be opened within that time frame) and NG transportation catches fire then we could see $6 in as little as 2 years... It's a lot of ifs and speculation though. And the government would have to push for NG transportation for it to really take hold. Any legislation against coal or nat gas throws this theory into the dumpster of course.
    1 Mar 2013, 08:23 AM Reply Like
  • spinrbait
    , contributor
    Comments (678) | Send Message
     
    just a fyi, duk has about a dozen wind farms and solar farms currently producing over 1,000 mw. also building 2 clean coal plants. one is a 600 mw plant. don't know the other. plus they have lots of nuclear. they are closing coal plants left and right including the just closed lee steam station in pelzer sc.
    1 Mar 2013, 07:06 PM Reply Like
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