CHARLOTTEDuke Energy Corp. (DUK) on Thursday reported fourth-quarter net income of $746 million, after reporting a loss in the same period a year earlier.

“The fourth quarter capped a strong finish to an exceptionally productive 2021, where we made great progress against our strategic and financial goals,” said Lynn Good, Duke Energy chair, president and chief executive officer, in a statement.

“We’re leading the industry’s largest clean energy transformation with more than 80% of our $63 billion capital plan funding investments in grid modernization and zero or lower-carbon emitting generation. These investments position us to earn solidly within our 5% to 7% EPS
growth range throughout our five-year plan.”

The Charlotte-based company said it had net income of 93 cents per share. Earnings, adjusted for one-time gains and costs, were 94 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 94 cents per share.

The electric utility posted revenue of $6.24 billion in the period.

For the year, the company reported profit of $3.91 billion, or $4.94 per share. Revenue was reported as $25.1 billion.

Duke Energy expects full-year earnings in the range of $5.30 to $5.60 per share.

You can read the full financial report online.

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