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DUKDuke Energy Corporation
$116.31$89.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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DUK logo

Duke Energy Corporation

DUK
NYSE · Electric Utilities
$116.31
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$90.67B
P/E18.4x
52W High$134.49
Volume2.77M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Aggressive Rate Base Expansion Drives Revenue Growth

Duke Energy is executing a capital-intensive strategy to modernize its grid and transition to renewable generation, which has successfully driven revenue growth to $9.2 billion in 2026Q1. While this expansion supports long-term earnings potential, investors sh...

GrowthAccelerating
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

DUK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-13% Peers

P/E is 13% below peer median

03

Market leadership

RS 41 · Lag

Laggard (Underperforming 59% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 11.3% in 2026Q1, supported by a stable 29.7% operating margin that reflects effective fuel cost pass-through mechanisms.

Analyst Consensus+18.5% target
Hold(32 analysts)
14 Buy18 Hold0 Sell

The Bull Case

Upside Catalysts

Largest Five-Year Capital Plan

Duke Energy increased its five-year capital plan to $103 billion, the largest of any regulated U.S. utility. The investment focuses on grid infrastructure and power generation to meet growing regional demand and enhance reliability.

Projected EPS Growth 5-7%

The company forecasts 5% to 7% earnings per share growth through 2030, supported by its large capital plan, strong balance sheet, and contracted demand from sectors like AI and advanced manufacturing. For 2026, Duke Energy expects an adjusted profit between $6.55 and $6.80 per share.

Stable Regulated Utility Earnings

Duke's regulated utilities provide a stable source of earnings. The focus on regulated infrastructure, operational safety, and meeting long-term regional energy needs is underscored by recent approvals for new natural gas plants.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
DUK+1.78%
S&P 500 (^GSPC)+13.20%
1-Year Return
DUK-0.81%
S&P 500 (^GSPC)+15.98%
3-Year Return
DUK+38.12%
S&P 500 (^GSPC)+79.27%
5-Year Return
DUK+38.94%
S&P 500 (^GSPC)+76.75%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
18.1x
Forward P/EExpansion
17.0x
EV/EBITDA40th %ile
12.1x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
18.1x
18.9x
20th· Low
EV/EBITDA
12.1x
12.2x
40th· Fair
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$140.24+20.6%
Base (Fair)$141.82+20.7%
Bull$156.14+34.2%
$140.24 Bear$141.82 Base$156.14 Bull
Current Market Price: $116.31
Trades at a 18.0% discount to Base DCF ($141.82)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$32.24B+6.2% YoY
Net income
$4.97B+10.2% YoY
Free cash flow
-$1.67B-3583.3% YoY
Operating margin
26.6%+0.5 pts YoY
ROIC (TTM)4.6%
Avg ROIC 5Y-
ROE (TTM)9.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$1.43+10.0%
vs $1.30
$7.6B-0.9%
vs $7.7B
Q2 2026
May 5, 2026
$1.93+3.2%
vs $1.87
$9.2B+8.8%
vs $8.4B
Q1 2026
Feb 10, 2026
$1.50+0.7%
vs $1.49
$7.9B+6.9%
vs $7.4B
Q4 2025
Nov 6, 2025
$1.81+2.8%
vs $1.76
$8.7B+1.2%
vs $8.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
24/7 Wall Street·10h ago
Southern Company or Duke Energy: Only One Offers the Combination of Yield, Growth, and Safety You Need

Duke Energy and Southern Company both serve regulated Southern markets, both raise their dividends annually, and both benefit from surging data center demand, but a close look at their balance sheets and capital plans reveals a clear winner for retirement

Zacks Investment Research·11h ago
Duke Energy Corporation (DUK) is Attracting Investor Attention: Here is What You Should Know

Recently, Zacks.com users have been paying close attention to Duke Energy (DUK). This makes it worthwhile to examine what the stock has in store.

Seeking Alpha·2d ago
Buy The Dip: 2 High-Yield Infrastructure Income Machines Getting Way Too Cheap

Many infrastructure stocks have sold off recently. I detail two proven income-generating opportunities that I think are compelling buys on the dip. They yield 7-8% and pay out monthly dividends.

PRNewsWire·5d ago
Duke Energy asks Carolinas customers to reduce electricity use during today's peak-demand period

CHARLOTTE, N.C., Sept. 18, 2026 /PRNewswire/ -- Unusually hot September weather is driving high electricity demand across parts of the Carolinas.

Filtered for Duke Energy CorporationMore Headlines
04

Compare before deciding

Benchmark DUK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Duke Energy Corporation (DUK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
DUK logoDUKDuke Energy CorporationCurrent
$116.31$90.67B18.436.19%15.41%9.53%3.65%
SO logoSOThe Southern Company
$85.15$95.99B21.7210.59%15.43%11.69%—
D logoDDominion Energy, Inc.
$62.43$54.91B18.1014.16%13.93%7.71%—
EXC logoEXCExelon Corporation
$41.80$42.77B15.265.34%10.99%9.61%—
AEP logoAEPAmerican Electric Power Company, Inc.
$120.27$65.44B18.069.37%13.95%9.66%—
PCG logoPCGPG&E Corporation
$12.88$34.52B10.922.11%12.25%9.54%—

Compare DUK vs Peers

Duke Energy Corporation (DUK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SO

Most directly comparable listed peer for DUK.

Scale Benchmark

vs GE

Larger-name benchmark to compare DUK against a more recognizable public peer.

Peer Set

Compare Top 5

vs SO, D, EXC, AEP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

DUK SEC Filings & Documents

Duke Energy Corporation (DUK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jul 17, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 7, 2025·SEC

Get notified when DUK posts new earnings or crosses analyst targets

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DUK Frequently Asked Questions

Duke Energy Corporation (DUK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Duke Energy Corporation's revenue?

Duke Energy Corporation (DUK) reported $33.38B in revenue for fiscal year 2025. This represents a 171% increase from $12.30B in 1996.

How fast is Duke Energy Corporation growing?

Duke Energy Corporation (DUK) grew revenue by 6.2% over the past year. This is steady growth.

Is DUK profitable?

Yes, Duke Energy Corporation (DUK) is profitable, generating $5.25B in net income for fiscal year 2025 (15.4% net margin).

Dividend & Returns
Does DUK pay dividends?

Yes, Duke Energy Corporation (DUK) pays a dividend with a yield of 3.65%. This makes it attractive for income-focused investors.

What is DUK's return on equity?

Duke Energy Corporation (DUK) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

What is Duke Energy Corporation's free cash flow?

Duke Energy Corporation (DUK) generated $1.54B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics
Is DUK's dividend sustainable?

Duke Energy Corporation (DUK) has a dividend payout ratio of 66%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in DUK back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →