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Duke Energy Q2 adjusted EPS beats Street estimates by wide margin

Duke Energy Corp. on Aug. 6 reported second-quarter 2019 adjusted earnings of $1.12 per share, rising from 93 cents per share in the comparable quarter of 2018.

The results beat the S&P Global Market Intelligence consensus normalized EPS estimate for the quarter of 98 cents.

Net income attributable to the company was of $820 million, or $1.12 per share, compared to $500 million, or 71 cents per share, a year earlier.

Second-quarter operating revenues came in at $5.87 billion, rising from $5.64 billion a year earlier. Duke Energy reported operating income of $1.30 billion, up from $979 million in the corresponding quarter of 2018.

"We delivered strong financial results in the quarter as we continue creating value for customers and shareholders," said Lynn Good, Duke Energy chairman, president and CEO. "So far this year, we've grown earnings and increased our dividend. We remain on track to meet our commitments, and have reaffirmed our 2019 earnings guidance range and our long-term 4 to 6 percent earnings growth rate."

The company continues to target full-year 2019 adjusted earnings in the range of $4.80 per share to $5.20 per share.