Duke Energy (DUK) official guidance

With our largest quarter still ahead of us, we remain firmly on track to achieve our 2026 guidance range of $6.55 to $6.80.

We are also reaffirming our long-term earnings per share growth rate of 5% to 7% through 2030, and we are more confident than ever that we will deliver in the top half of the range beginning in 2028 when we expect to see accelerated growth from the economic development projects we have secured under ESAs.

Yes, Shar. Yes, we have a high degree of confidence in the 5% to 7% in the top half of that range starting in '28 when some of these loads start coming on and ramping.

We are on track to achieve our FFO to debt target of 14.5% for the year.

Slide 7 shows our continued progress on our record generation build, now on track to add 15 gigawatts of capacity by 2031, which reflects additions from our latest 10-year site plan in Florida.

And we continue to expect the remainder of the 15.4 gigawatt pipeline to be converted to ESAs by the first half of 2027.

The company is reaffirming its 2026 adjusted EPS guidance of $6.55 to $6.80 and long-term adjusted EPS growth rate of 5% to 7% through 2030 off the 2025 midpoint of $6.30, with confidence to earn in the top half of the range beginning in 2028.

The company is reaffirming its 2026 adjusted EPS guidance of $6.55 to $6.80 and long-term adjusted EPS growth rate of 5% to 7% through 2030 off the 2025 midpoint of $6.30, with confidence to earn in the top half of the range beginning in 2028.

We are more confident than ever that we will deliver in the top half of the range beginning in 2028, when we expect to see accelerated growth from the economic development projects we have secured under ESAs.

Moving to slide seven, we continue to advance our all of the above strategy, adding 14 GW of generation over the next five years.

The impact in the first quarter is largely timing, and we continue to target flat O&M for the full year.

First, last week we reached a multi-year agreement to monetize up to $3.1 billion of clean energy tax credits expected to be generated through 2028.

The company is reaffirming its 2026 adjusted EPS guidance of $6.55 to $6.80 and long-term adjusted EPS growth rate of 5% to 7% through 2030 off the 2025 midpoint of $6.30, with confidence to earn in the top half of the range beginning in 2028.

Our earnings profile is underpinned by a $16 billion increase in our five-year capital plan to $103 billion.

Our capital plan will drive 9.6% earnings-based growth and is the largest fully regulated capital plan in the industry, focused on critical energy infrastructure investments that strengthen the system and serve increasing load.

Our financing plan includes $10 billion of equity in the 2027 to 2030 time frame to fund accretive growth.

This represents approximately 35% equity funding of the capital plan increase and demonstrates our ongoing commitment to balance sheet strength.

You'll see that the increase in capital we funded with 35% equity, that's a good gauge of where we might be to maintain that 15% FFO to debt once we're in 2028 and beyond.

Our battery deployment, in particular, will ramp significantly through the 5-year plan, with approximately 4.5 gigawatts of additions through 2031.

So if you break down the 3%-4% long-term load growth enterprise-wide, I think residential and existing customers are maybe a third of that, and then the other two-thirds relate to economic development, of which a big portion is data centers.

In addition, our plan assumes normal weather and retail sales growth of 1.5%-2% in 2026.

In Florida, $1.1 billion of storm costs will be fully recovered by February 2026. As a result, bills are expected to decrease by approximately $40 a month beginning in March.

Today we announce strong results for the third quarter with adjusted earnings per share of $1.81 compared to $1.62 last year, driven by continued growth in our electric utilities. We are well positioned for a solid finish to the year and are narrowing our full-year guidance range to $6.25-$6.35.

With a maturing pipeline and concrete investment plans in place, we're reaffirming our long-term EPS growth rate of 5%-7% through 2029 and have confidence we will earn in the top half of the range beginning in 2028.

Across all three jurisdictions, the timely recovery process helps maintain credit quality and reinforces our expectation of achieving 14% or higher FFO to debt by year-end.

The company is narrowing its 2025 adjusted EPS guidance range to $6.25 to $6.35 and reaffirming its long-term adjusted EPS growth rate of 5% to 7% through 2029 off the 2025 midpoint of $6.30.