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0 0.000130975769482527 0.000261951538965239 -0.000523903077930665 0.00301244269810072 0.00170268500327433 0.00130975769482638 0.00379829731499662
Stock impact report

UPDATE 1-Duke Energy first-quarter profit beats as residential customers surge [Yahoo! Finance]

Southern Company (The) (SO) 
Last southern company (the) earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
May 7 (Reuters) - Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday on higher electricity rates as the utility saw increasing residential and commercial customer demand in its U.S. sun-belt service territory, executives with the company said on Tuesday. Duke's customer base grew 2.4% in both the Carolinas and Florida in the first three months of the year compared to the same period in 2023, while the company's overall commercial and industrial load grew 1%, driven largely by data center businesses, executives said. Electric vehicles, manufacturing and data centers supporting artificial intelligence technology is expected to drive up electricity usage and boost earnings for utilities. Duke, which provides power to about 8.4 million customers in the Carolinas, Florida, Indiana, Ohio and Kentucky, also serves states with rapidly-growing populations. Its shares rose 1%. "Our jurisdictions are experiencing unprecedented growth from population migration and Show less Read more
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