Thu, Feb. 18, 9:11 AM
- Duke Energy (NYSE:DUK) -1.8% premarket after Q4 earnings fell short of expectations amid warmer weather in some of its markets.
- DUK says Q4 earnings at its regulated utilities segment, its biggest, rose 9% Y/Y to $601M, helped by higher pricing and updated contracts with more favorable margins that countered the effect of record warm weather in the Carolinas and across the Midwest.
- Q4 income in the international business fell 5.6% Y/Y to $68M, pressured by lower methanol prices, partially offset by an improvement in Brazilian operations; DUK has said it is looking to sell all or part of the international business.
- DUK issues FY 2016 EPS guidance of $4.50-$4.70, in-line with analyst consensus.
Thu, Feb. 18, 7:07 AM
Wed, Feb. 17, 5:30 PM
- AAN, AAWW, AGIO, ALE, BCC, CAB, CBB, CHH, COT, CVI, CVRR, DAN, DISCA, DISH, DNR, DUK, EIGI, ETR, GEL, GOV, H, HCN, HII, HOT, IDA, IDCC, IQNT, IRT, LDOS, LH, MFA, MGM, MNTA, MPEL, MTRN, MZOR, NHI, NI, ONE, PAAS, PCG, POOL, PPP, PRGO, RS, SCG, SIX, SODA, SYNT, TK, TNK, TTC, UAN, UPL, VA, VAL, WAB, WM, WMT, WST
Tue, Feb. 16, 11:46 AM
- A North Carolina judge said Friday he wants to review Duke Energy's (DUK +0.3%) $7M coal ash settlement with state environmental regulators, believing the judge who signed off on the settlement last fall went too far with his order that seemed to close lawsuits involving conservation groups.
- "It is a bit surprising that in a penalty case over one plant, it developed into as comprehensive a settlement as this," Superior Court Judge Paul Ridgeway said, adding that he suspects "some ulterior motive" behind the deal.
- Ridgeway ruled that the state's environmental regulator could decide the appropriate fine for DUK's pollution of the groundwater at its Sutton power plant, but because the administrative law judge was not asked to rewrite the scope of his order approving the deal, Ridgeway said he suspected the settlement's language was intended to close the court to environmental groups or others.
Tue, Feb. 9, 5:58 PM
- Duke Energy (NYSE:DUK) is fined $6.6M by North Carolina regulators for environmental pollution related to the 2014 spill of liquefied coal ash at its Dan River power plant.
- The fine covers violations that DUK admitted when it pleaded guilty to federal pollution crimes nine months ago and agreed to pay $102M in fines and restitution.
- DUK says it is reviewing whether to challenge the fine; the company last year contested the state’s proposed $25M fine over persistent groundwater pollution at a Wilmington power plant, and the amount was later reduced to $7M in a settlement.
Thu, Feb. 4, 7:49 AM
- Duke Energy (NYSE:DUK) says it is considering a sale of all or part of its international energy business segment.
- DUK, which owns power plants in Central and South America, says it has not yet received any offer for the unit, which has about 4,400 MW of power producing capacity.
- DUK says its 25% interest in National Methanol Co., a Saudi Arabian regional producer of methanol and methyl tertiary butyl ether, would not be included in a potential transaction.
Fri, Jan. 15, 6:58 PM
- Four consumer and environmental groups agree to stop fighting Duke Energy's (NYSE:DUK) Edwardsport coal gasification plant in Indiana and join the company's settlement reached with other parties in September.
- In addition to absorbing $87.5M in operating costs of the plant since it began operations in June 2013, DUK says it will stop burning coal within seven years at its New Albany power plant, provide energy assistance for needy customers, and spend $500K for solar projects at churches, schools and other community sites.
- If the settlement is accepted by the Indiana Utility Regulatory Commission, litigation related to the plant effectively would end.
- Separately, DUK files for approval with the North Carolina Utilities Commission of its $4.9B acquisition of Piedmont Natural Gas (NYSE:PNY).
Mon, Jan. 4, 5:17 PM
- Duke Energy (NYSE:DUK) declares $0.825/share quarterly dividend, in line with previous.
- Forward yield 4.64%
- Payable March 16; for shareholders of record Feb. 12; ex-div Feb. 10.
Dec. 22, 2015, 3:59 PM
- Duke Energy (DUK +1.7%) is upgraded to Buy from Neutral with a $76 price target, raised from $71, at UBS, which says DUK now trades at 7%-8% less than peers, a historically low forward P/E discount, and that DUK may be prepared to sell its underperforming Brazilian assets in 2016.
- UBS also sees a low bar for guidance helping the stock outperform next year, expecting a flattish ~$4.65 EPS, but any recovery in Brazil could result in up to ~$0.15 of upside; DUK also rebased its long-term 4%-6% EPS compound annual growth rate guidance off 2016 vs. the previous 2013 $4.33 base, effectively reducing long term expectations by $0.35 (-7%).
Dec. 22, 2015, 11:25 AM
- Duke Energy (DUK +0.4%) says the FTC has granted antitrust approval for its proposed $4.9B acquisition of Piedmont Natural Gas (PNY +0.3%), clearing a key condition needed for completion of the deal.
- The deal still requires approval by PNY shareholders and the North Carolina Utilities Commission; the two companies continue to target closing by the end of 2016.
Dec. 15, 2015, 12:47 PM
- Duke Energy (DUK +1.4%) says it is proposing two new solar projects in North Carolina, a 60 MW facility near Monroe, N.C., and a 15.4 MW facility in Mocksville, N.C.; DUK would own and operate both facilities, but financial details are not released.
- DUK says it is working to complete construction of 140 MW of capacity at four solar facilities in the state; over thee past eight years, DUK says it has invested $4B in wind and solar facilities in 12 states and plans to invest $3B in renewable energy during the next five years.
Dec. 8, 2015, 10:33 AM
- Duke Energy (DUK -0.9%) says its Indiana unit submitted a revised seven-year, $1.83B plan to upgrade its electric grid to state regulators, aimed at updating infrastructure and improving service reliability for DUK's 800K-plus customers.
- If the plan is approved by the Indiana Utility Regulatory Commission, DUK's Indiana customers would see rate increases averaging ~1%/year during 2017-22.
- State regulators are expected to set a schedule for hearings on the proposal, and a decision is expected by the middle of next year.
Nov. 6, 2015, 4:47 PM
- Duke Energy (NYSE:DUK) fell 5% in today's trade a day after reporting weaker than expected Q3 results; in yesterday's earnings conference call, CEO Lynn Good said DUK is still looking at a 4%-6% long-range growth even with the addition of Piedmont Natural Gas (NYSE:PNY).
- Power demand is not growing at the levels DUK had once expected, which is pressuring earnings, CFO Steve Young said: “Cost management is an ongoing effort, and we are finding ways to reduce [operations and maintenance] below current levels to match modest sales growth."
- Separately, PNY discloses that Chairman, President and CEO Thomas Skains will retire after the company's takeover by Duke Energy (DUK) closes; the companies expect the deal to close by the end of 2016.
Nov. 5, 2015, 12:57 PM
- Duke Energy (DUK -0.2%) is lower after reporting weaker than expected Q3 earnings, missing analyst expectations for the second straight quarter and the third time in the past year.
- DUK lowers the top end of its full-year EPS outlook to $4.55-$4.65 from $4.55-$4.75, but the company points to a strong performance for its regulated utilities, which accounts for more than 85% of adjusted earnings.
- DUK's regulated utilities reported segment income of $905M, down from $920M, but profit grew 4.9% when excluding a settlement charge and other special items, helped by warmer temperatures in the Carolinas; Q3 profit in its international energy segment fell to $69M from $80M a year ago, hurt by lower results in Latin America and a writedown in Ecuador.
Nov. 5, 2015, 7:11 AM
- Duke Energy (NYSE:DUK): Q3 EPS of $1.47 misses by $0.05.
- Revenue of $6.5B (+1.6% Y/Y) misses by $370M.
Nov. 4, 2015, 5:30 PM
- AAWW, ACIW, ACRE, ACTA, AES, AGIO, AGU, AINV, ALSK, AMCX, AMED, AMRC, ANSS, APA, ATHM, AZN, BBEP, BCE, BCRX, BDBD, BEE, BR, CCC, CCOI, CECE, CELG, CLDT, CNK, CNP, CNQ, CNSL, CONE, COTY, CROX, CSTM, CWEI, DNR, DUK, EGL, ENB, ENDP, ENOC, ESI, FUN, GEO, GLOG, GLP, GOGO, HFC, HGG, HII, HRC, INSY, IRC, IT, ITC, ITG, KATE, KOP, LAMR, LBY, LINE, LPI, LXP, MEG, MGA, MITL, MPEL, MPW, MSG, MSO, MVIS, MZOR, NDLS, NGS, NHI, NILE, NRP, OGE, OMED, PBH, PDCE, PRFT, PRIM, PWE, PWR, RDUS, RGEN, RGLD, RICE, RL, RLGY, RRD, RVLT, RWLK, SCOR, SEAS, SFM, SFY, SJI, SNSS, SPAR, SRC, SRPT, SSTK, STN, STWD, SYMC, TAP, TDC, TE, THS, TIME, TK, TLP, TNK, TRXC, TU, USAC, VC, VER, VIVO, WAC, WIN, WPP, ZEUS
Duke Energy Corp. engages in electric power and gas distribution operations, and provides other energy related services. The company through its subsidiaries operates its business through three segments: Regulated Utilities, International Energy and Commercial Power. The Regulated Utilities... More
Industry: Electric Utilities
Country: United States
Other News & PR