Duke Energy (DUK) Q2 Earnings Top Estimates, Revenues Up Y/Y
Zacks Investment Research | Aug 05, 2019 10:16PM ET
Duke Energy Corporation (NYSE:DUK) reported second-quarter 2019 earnings of $1.12 per share, which surpassed the Zacks Consensus Estimate of 98 cents by 14.3%. The bottom line also improved 57.7% year over year, driven by revenues as well as operating income growth.
Total Revenues
Total operating revenues came in at $5,879 million, up 4.1% from $5,643 million a year ago. The reported figure also exceeded the Zacks Consensus Estimate of $5,689 million by 3.3%.
The regulated electric unit’s revenues were $5,423 million (up 4.7% year over year), representing 92.2% of total revenues in the first quarter.
Revenues from the regulated natural gas business totaled $280 million, down 3.8% year over year.
The Non-regulated and Other segment generated revenues of $170 million, which dropped 2.3% year over year.
Duke Energy Corporation Price, Consensus and EPS Surprise
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