Duke Energy reports Q4 adjusted EPS 84c, consensus 89c
Reports Q4 revenue $6.12B, consensus $5.8B. Lower adjusted results for the quarter compared to last year were driven by higher depreciation and amortization expense on a growing asset base, higher storm-related costs and a lower tax shield on holding company interest as a result of the Tax Act; partially offset by higher rider revenues. "We closed out another successful year in 2018, with strong financial results, constructive regulatory outcomes and remarkable storm response. Our electric, gas and commercial renewables franchises are producing significant value for customers and shareholders as we make important infrastructure investments for the future," said Lynn Good, Duke Energy chairman, president and CEO.