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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Duke Energy is already talking about on a percentage basis, what they're going to see have to change in North Carolina.”
Martin Marietta cites Duke Energy already signaling grid changes in North Carolina to meet surging data-center power demand, a read-through on Duke's capacity buildout.
“MVP Southgate will provide 550 million cubic feet per day of capacity from MVP mainline into the Carolinas, serving anchor customers, Duke Energy and the Public Service Company of North Carolina.”
Duke Energy is named as an anchor customer for EQT's MVP Southgate expansion project, which will deliver natural gas capacity into the Carolinas.
“a $10 million fixed video order for Duke Energy”
Duke Energy placed a $10 million fixed video order with Motorola Solutions in Q1, one of the notable products-and-systems wins called out for the quarter.
“next shift forward, having Duke, having AEP join into the mix and join into the consortium to invest in this product and commit towards our technology for projects that they have slotted for new zero carbon power between 2032 and 2034 in the US”
Duke Energy joined the consortium investing in GE Vernova's BWRX-300 small modular reactor, committing to the technology for planned zero-carbon power projects between 2032 and 2034.
“a $16 million fixed video order for Duke Energy”
Duke Energy placed a $16 million fixed video order with Motorola Solutions in Q4, one of the notable wins cited in the products and systems integration segment.
“we have had the GIC investment in Indiana since 2021”
GIC holds a minority investment in Duke's Indiana utility (since 2021), a read-through on GIC's ongoing US regulated-utility infrastructure exposure.
“Brookfield's minority interest investment in Duke Energy Florida and the sale of our Piedmont, Tennessee business to Spire will further strengthen our credit profile”
Spire is acquiring Duke's Piedmont Tennessee gas business, a read-through that Spire is expanding its regulated gas-distribution footprint via acquisition.
“Brookfield's minority interest investment in Duke Energy Florida and the sale of our Piedmont, Tennessee business to Spire will further strengthen our credit profile”
Brookfield is making a minority-interest investment in Duke Energy Florida, a read-through on Brookfield deploying capital into regulated US utility assets.
“electric service agreements with data center customers, including Microsoft and Compass, and now have approximately four and a half gigawatts of data center load secured under ESAs”
Compass Datacenters signed electric service agreements for new Duke load, a read-through on Compass' data-center buildout in the Carolinas/Indiana.
“electric service agreements with data center customers, including Microsoft and Compass, and now have approximately four and a half gigawatts of data center load secured under ESAs”
Microsoft signed electric service agreements for new Duke data-center load, a read-through on Microsoft's continued data-center expansion in Duke's territories.
“a framework agreement with GE Vernova on turbine procurement”
Duke has a framework agreement with GE Vernova to procure gas turbines for its ~5GW+ new gas generation build, a read-through on strong GE Vernova turbine order demand.
“which provides 200 basis points of cushion above our Moody's downgrade threshold and 300 basis points above our S&P downgrade threshold.”
Duke frames its balance-sheet cushion relative to S&P's downgrade threshold as part of its credit-quality commentary.
“which provides 200 basis points of cushion above our Moody's downgrade threshold and 300 basis points above our S&P downgrade threshold.”
Duke frames its balance-sheet cushion relative to Moody's downgrade threshold as part of its credit-quality commentary.
“And you saw us raise from $83 billion to $87 billion earlier this year with the Brookfield deal in Florida.”
Duke references its Florida transaction with Brookfield, which is providing capital/investment that supported an increase in Duke's capital plan.
“We're encouraged to see the government and some of the partnerships with Westinghouse that were recently announced leaning into this and addressing supply chain concerns, which is one of the items that we have on our list.”
Duke cites recently announced Westinghouse partnerships as helping address nuclear supply chain concerns, positive read-through for Westinghouse's AP1000 nuclear reactor business.
“This includes ESAs signed this quarter with Digital Realty and Edged, who are making multibillion-dollar investments in North Carolina to support AI infrastructure.”
Edged signed a Duke electric service agreement and is making multibillion-dollar data center investments in North Carolina, signaling active AI infrastructure buildout.
“This includes ESAs signed this quarter with Digital Realty and Edged, who are making multibillion-dollar investments in North Carolina to support AI infrastructure.”
Duke signed a large-load electric service agreement with Digital Realty, which is making multibillion-dollar data center investments in North Carolina, indicating strong AI-driven capacity demand for Digital Realty.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Julien Dumoulin-Smith | Jefferies | 12 (0%) |
| Carly Davenport | Goldman Sachs | 10 (0%) |
| Jeremy Tonet | JPMorgan | 7 (0%) |
| Nick Campanella | Barclays | 7 (0%) |
| Tony Crowdell | Mizuho Securities | 4 (0%) |
| Dave Arcaro | Morgan Stanley | 4 (0%) |
| Durgesh Chopra | Evercore ISI | 4 (25%) |
| Shar Pourreza | Wells Fargo | 4 (0%) |
| Alex Calvert | Wells Fargo | 4 (0%) |
| Stephen D'Ambrisi | RBC Capital Markets | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 2 | 14 (0%) |
| Goldman Sachs | 1 | 10 (0%) |
| Wells Fargo | 2 | 8 (0%) |
| JPMorgan | 2 |
| 8 (0%) |
| Barclays | 1 | 7 (0%) |
| Wolfe Research | 2 | 5 (0%) |
| Morgan Stanley | 1 | 4 (0%) |
| Mizuho Securities | 1 | 4 (0%) |
Duke delivered full-year EPS of $6.31, representing 7% growth over 2024, and introduced FY2026 guidance of $6.55-6.80 while extending the 5-7% long-term growth rate through 2030 from the 2025 base. The $103 billion capital plan drives 9.6% earnings base growth with 4.5 GW of data center ESAs signed with major hyperscalers. FFO-to-debt reached 14.8% in 2025 with a 15% long-term target as 14 GW of incremental generation capacity was planned over five years.
Capital Allocation | Demand | Regulation Policy | Capex Investment | Cloud & AI | Revenue Growth | Innovation & R&D | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 4 | 4 | 1 | 3 | 4 | 1 | 1 |
| 2025Q1 | 2 | 3 | 2 | 2 | 2 | 1 | 1 | |
| 2025Q2 | 9 | 2 | 2 | 4 | 1 | 1 | 1 | |
| 2025Q3 | 3 | 3 | 5 | 1 | 3 | 1 | 1 | |
| 2025Q4 | 3 | 5 | 4 | 2 | 3 | 2 | 1 | 2 |
| 2026Q1 | 3 | 5 | 5 | 2 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capital Allocation | 3 | 2 | 9 | 3 | 3 | 3 |
| Demand | 4 | 3 | 2 | 3 | 5 | 5 |
| Regulation Policy | 4 | 2 | 2 | 4 | 5 | |
| Capex Investment | 1 | 2 | 4 | 5 | 2 | 2 |
| Cloud & AI | 3 | 2 | 1 | 1 | 3 | 2 |
| Revenue Growth | 4 | 1 | 1 | 3 | 2 | |
| Innovation & R&D | 1 | 1 | 1 | 1 | 1 | |
| Guidance Reliability | 1 | 1 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DUK Duke Energy | 8 | +11.3% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +23.1% | |
| DTE DTE Energy | 7 | +15.8% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |