Duke Energy Corporation (DUK - Free Report) reported fourth-quarter 2018 adjusted earnings of 84 cents per share, which missed the Zacks Consensus Estimate of 89 cents by 5.6%.
Earnings also declined 10.6% year over year, due to higher depreciation and amortization expenses on a growing asset base, higher storm-related costs, and a lower tax shield on holding company interest as a result of the Tax Act.
GAAP earnings were 65 cents in the fourth quarter compared with $1 in the prior-year quarter.
For 2018, the company reported adjusted earnings of $4.72 per share, missing the Zacks Consensus Estimate by 0.63%. Full-year earnings however improved 3.3% from the previous year.
Total Revenues
Total operating revenues came in at $6,115 million, down 5.6% from $6,482 million a year ago. The figure however surpassed the Zacks Consensus Estimate of $5,612 million by 9%.
In 2018, the company’s total operating revenues were $24.52 billion, up 4% from $23.56 billion a year ago. The figure surpassed the Zacks Consensus Estimate of $24.07 billion by 1.87%.
The regulated electric unit’s revenues were $22.10 billion (up 4.34%), representing approximately 90.1% of total revenues in 2018.
Revenues from the regulated natural gas business totaled $1.77 billion, up 2.25% year over year.
Non-regulated and Other segment generated revenues of $0.65 billion, down 0.46% year over year.
Duke Energy Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Free: See Our Top Stock and 4 Runners Up >>
Duke Energy Corporation (DUK - Free Report) reported fourth-quarter 2018 adjusted earnings of 84 cents per share, which missed the Zacks Consensus Estimate of 89 cents by 5.6%.
Earnings also declined 10.6% year over year, due to higher depreciation and amortization expenses on a growing asset base, higher storm-related costs, and a lower tax shield on holding company interest as a result of the Tax Act.
GAAP earnings were 65 cents in the fourth quarter compared with $1 in the prior-year quarter.
For 2018, the company reported adjusted earnings of $4.72 per share, missing the Zacks Consensus Estimate by 0.63%. Full-year earnings however improved 3.3% from the previous year.
Total Revenues
Total operating revenues came in at $6,115 million, down 5.6% from $6,482 million a year ago. The figure however surpassed the Zacks Consensus Estimate of $5,612 million by 9%.
In 2018, the company’s total operating revenues were $24.52 billion, up 4% from $23.56 billion a year ago. The figure surpassed the Zacks Consensus Estimate of $24.07 billion by 1.87%.
The regulated electric unit’s revenues were $22.10 billion (up 4.34%), representing approximately 90.1% of total revenues in 2018.
Revenues from the regulated natural gas business totaled $1.77 billion, up 2.25% year over year.
Non-regulated and Other segment generated revenues of $0.65 billion, down 0.46% year over year.
Duke Energy Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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