Duke Energy (DUK)
Utilities · Regulated electric and natural gas utilities
Duke Energy is a regulated utility giant serving 8.7 million electric and natural gas customers across the Southeast and Midwest through vertically integrated generation, transmission, and distribution.
What Duke Energy does
Duke Energy is a major U.S. energy company operating regulated electric and natural gas utilities across six states in the Southeast and Midwest. Through its EU&I segment, the company generates, transmits, and distributes electricity to approximately 8.7 million retail customers across a 90,000 square-mile service territory spanning North Carolina, South Carolina, Florida, Ohio, Indiana, and Kentucky. The GU&I segment provides natural gas distribution through Piedmont and other subsidiaries. The company operates nuclear plants (including Robinson Nuclear Plant and Duke Energy Kentucky), coal-fired generation, and is investing in grid modernization and renewable energy projects, with significant exposure to regulatory capital recovery mechanisms across multiple state utility commissions.
Themes: ["Regulated utilities infrastructure","Nuclear power generation","Coal ash remediation and environmental compliance","Grid modernization and electrification","Renewable energy transition","Data center load growth","Residential and commercial customer growth","Capital expenditure recovery through rate structures","Climate and environmental regulations"]
Fundamentals
- Price$125.26 as of 2026-07-09 close
- Market cap$98.2B as of 2026-07-10
- 1-year return+6.9% as of 2026-07-09 close
- P/E19.11 as of 2026-07-10
- Net margin+15.5% as of 2026-07-10
- Gross margin+46.0% as of 2026-07-10
- ROE+9.8% as of 2026-07-10
- Debt / equity1.66 as of 2026-07-10
- Revenue growth (YoY)+7.2% as of 2026-07-10
- Revenue CAGR (3y)+0.0% SEC XBRL
- Beta0.37 as of 2026-07-10
Dividend: yield +3.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory and legislative uncertainty impacting cost and investment recovery, rate structures, and market prices across multiple state commissions (NCUC, PSCSC, FPSC, IURC, PUCO, KPSC)","Extent and timing of coal ash remediation costs and liabilities under federal and state laws, particularly the 2024 EPA Legacy CCR Surface Impoundments rule, which significantly expands compliance scope","Ability to implement business strategy while meeting load growth forecasts, grid and fleet modernization, carbon emission reduction targets, and maintaining customer reliability amid economic uncertainty"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.