Duke Energy (DUK) shares advanced after the 𒆙utility company swung to a profit as it benefited from higher prices and sales volumes, as well as favorable weather conditions. 

The North Carolina-based power and natural gas provider reported second-quarter 澳洲幸运5开奖号码历史查询:net income of $900 million, compared to a loss of $220 million a year ago. Adjusted earnings per share (EPS) came in at $1.18, with revenue up 9% year-over-year to $7.17 billion. Both exceeded analysts' estimates.

CEO Lynn Good Cites 'Clear Growth Visibility'

Income from Duke Energy's Electric Utilities and Infrastructure unit was $1,090 million, a 28.2% jump from 2023. The company said the gains were “driven by growth from rate increases and riders, higher sales volumes and improved weather.”

However, income for the Gas Ut🥃ilities and Infrastructure division slumped 76% to $6 million, which the company blamed primarily on higher expenses.

CEO Lynn Good said Duke has “clear growth visibility” that’s being driven🍨 by its $73 billion capital investment plan.

Shares of Duke Energy were 2.1% higher at $113.45 as of about 1:40 p.m. ET Tuesday, and have gained about 17% since the start of the year.