Duke Energy Corporation (NYSE:DUK) Q1 2024 Earnings Call Transcript May 7, 2024 Duke Energy Corporation beats earnings expectations. Reported EPS is $1.44, expectations were $1.38. DUK isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, and welcome to Duke Energy […]
Duke Energy is pursuing electricity supply contract terms with data centers that include take-or-pay and up-front infrastructure build out payments to guard against volatility in the energy-intensive computing industry, its chief financial officer told Reuters on Tuesday. The Charlotte, North Carolina-based utility is requesting so-called "minimum take" clauses that require the centers to pay for a certain amount of power regardless of how much it uses, CFO Brian Savoy said. The company is also considering agreements that would require up-front contributions to build new power infrastructure for the centers.
Duke Energy's (DUK) first-quarter revenues lag estimates. The company's 2024 EPS outlook remains unchanged.