DUKB - Duke Energy Corporation (DUK) Q4 2023 Earnings Call Transcript

2024-02-08 13:45:05 ET

Duke Energy Corporation (DUK)

Q4 2023 Earnings Conference Call

February 8, 2024 10:00 AM ET

Company Participants

Abby Motsinger - Vice President-Investor Relations

Lynn Good - Chair, President & Chief Executive Officer

Brian Savoy - Executive Vice President & Chief Financial Officer

Conference Call Participants

Shar Pourreza - Guggenheim Partners

Julien Dumoulin-Smith - Bank of America

Steve Fleishman - Wolfe Research

David Arcaro - Morgan Stanley

Nicholas Campanella - Barclays

Durgesh Chopra - Evercore

Ross Fowler - UBS

Presentation

Operator

Hello all, and welcome to the Duke Energy Fourth Quarter and End Year 2023 Earnings Call. My name is Lydia, and I'll be your operator today. [Operator Instructions]

I'll now hand you over to Abby Motsinger, Vice President of Investor Relations to begin.

Abby Motsinger

Thank you, Lydia, and good morning everyone. Welcome to Duke Energy's Fourth Quarter 2023 Earnings Review and Business Update. Leading our call today is, Lynn Good, Chair, President and CEO; along with Brian Savoy, Executive Vice President and CFO.

Today's discussion will include the use of non-GAAP financial measures and forward-looking information. Actual results may differ from forward-looking statements, due to factors disclosed in today's materials and in Duke Energy's SEC filings. The appendix of today's presentation includes supplemental information, along with a reconciliation of non-GAAP financial measures.

With that, let me turn the call over to Lynn.

Lynn Good

Abby, thank you, and good morning everyone. Today, we announced 2023 adjusted earnings per share of $5.56, finishing the year within our guidance range and demonstrating once again our ability to exercise agility in managing our business and meeting our commitments. We also announced 2024 guidance of $5.85 to $6.10 with the midpoint of $5.98. This represents 6% growth from our original 2023 guidance and we extended our 5% to 7% EPS growth rate through 2028 off the midpoint of our 2024 range....

For further details see: