Duke, Genie Energy Report Strong Q1 Results

Duke Energy reported strong first quarter 2025 results, with adjusted EPS rising to $1.76 from $1.44 the previous year and revenue reaching $8.25 billion, exceeding analyst expectations. Higher electricity rates, increased retail sales, and a colder winter contributed to Duke's profit growth, while its nuclear plants now supply over half of the Carolinas' electricity and 96% of Duke's clean energy output. Duke reaffirmed its 2025 adjusted EPS guidance of $6.17 to $6.42 and long-term EPS growth projections of 5% to 7% through 2029, supporting its positive financial outlook. The company is investing in grid upgrades and clean energy to meet growing demand from industries and data centers. Meanwhile, Genie Energy also posted improved first quarter results, with higher net income, gross profit, a growing customer base, and continued shareholder returns through dividends and stock repurchases. Both companies are focusing on strategic investments and financial strength.