Duke Energy calculates hurricane Helene and Milton costs of $2.9B
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Duke Energy Corp (NYSE:DUK) missed earnings expectations due to costs of $2.4 billion to $2.9 billion from hurricane damage. The company experienced 5.5 million customer outages across several states.
November 07, 2024 | 1:00 pm
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Duke Energy missed earnings expectations due to $2.4B-$2.9B in costs from hurricane damage, affecting 5.5M customers.
The significant costs from hurricane damage led to Duke Energy missing earnings expectations, which is likely to negatively impact the stock price in the short term. The high number of customer outages further emphasizes the operational challenges faced by the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100