Duke Energy reported first-quarter 2026 adjusted earnings of $1.93 per share. Revenue reached $9.18 billion, exceeding analyst expectations. Surging electricity demand from data centers drove the strong performance. The company identified the artificial intelligence expansion as a primary growth driver for the utility sector.
Management announced the results on May 5th. Duke Energy reaffirmed its full-year 2026 adjusted EPS guidance of $6.55 to $6.80. The utility maintains a long-term growth forecast of 5% to 7% through 2030. Confidence in sustained demand from industrial and data center customers supports these projections. The stock rose slightly in pre-market trading following the announcement.