Duke Energy reported first-quarter 2026 adjusted earnings of $1.93 per share. Revenue reached $9.18 billion, exceeding analyst expectations. Surging energy demand from Microsoft and Amazon data centers drove the strong performance.
The company secured agreements for 7.6 gigawatts of power for data centers. Construction is currently underway for 5 gigawatts of that capacity.
Duke Energy projects enterprise-wide load growth of 3% to 4% for 2027-2030. This forecast reflects an acceleration from historical utility industry trends. The company reaffirmed its full-year guidance.