Tear Sheet: Duke Energy Corp. Sees Robust Earnings During The First Quarter Of 2024 - S&P Global Ratings’ Credit Research

Tear Sheet: Duke Energy Corp. Sees Robust Earnings During The First Quarter Of 2024

Tear Sheet: Duke Energy Corp. Sees Robust Earnings During The First Quarter Of 2024 - S&P Global Ratings’ Credit Research
Tear Sheet: Duke Energy Corp. Sees Robust Earnings During The First Quarter Of 2024
Published May 21, 2024
6 pages (2566 words) — Published May 21, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Duke Energy Corp. reported robust earnings for first-quarter 2024. The company continues to benefit from credit-supportive mechanisms such as multiyear rate plans and forecasted rate cases, decoupling, and riders. In addition, Duke is continuing to execute its robust capital spending plan in which the company plans to invest $73 billion from 2024 to 2028 to support its energy transition, modernize and harden its grid, and enhance safety and reliability. Duke?s first-quarter financial performance was in line with S&P Global Ratings? expectations for the rating, and we expect the company will maintain financial measures including funds from operations (FFO) to debt of 12%-14% over the next 24 months. Our outlook on Duke remains stable. Our base-case forecast incorporates authorized and pending

  
Brief Excerpt:

...Foreign currency issuer credit rating ###+/Stable/A-2 Local currency issuer credit rating ###+/Stable/A-2 Business risk Excellent Country risk Very Low Industry risk Very Low Competitive position Strong Financial risk Significant Cash flow/leverage Significant Anchor a- Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Neutral (no impact) Comparable rating analysis Negative (-1 notch) Stand-alone credit profile ###+...

  
Report Type:

Full Report

Ticker
DUK
Issuer
Duke Energy Corp.
GICS
Electric Utilities (55101010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Duke Energy Corp. Sees Robust Earnings During The First Quarter Of 2024" May 21, 2024. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Duke-Energy-Corp-Sees-Robust-Earnings-During-The-First-Quarter-Of-2024-3178061>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Duke Energy Corp. Sees Robust Earnings During The First Quarter Of 2024 May 21, 2024. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Duke-Energy-Corp-Sees-Robust-Earnings-During-The-First-Quarter-Of-2024-3178061>
  
US$ 500.00
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