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Dek Energy sees electric demand rise
Duke Energy's profits exceeded Wall Street expectations in the second quarter, despite rising interest costs, supported by increased demand for electricity and the recovery of investments in infrastructure. The company reported adjusted earnings of $1.43 per share, compared to an expected $1.30. It also signed new agreements for 7.8 gigawatts of electricity services and increased its gas turbine fleet to 26 turbines to support expansion. Additionally, the electric utility segment achieved profits of $1.27 billion. The outlook remains positive for annual earnings, expected to rise between $6.55 and $6.80 per share, despite a 6.6% increase in interest expenses.
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