Duke Energy Corporation has added a news release to its Investor Relations website. Title: Duke Energy Reports Second Quarter 2009 Results Date(s): 8/4/2009 7:03:00 AM
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* Second quarter 2009 adjusted diluted earnings per share (EPS) was 26 cents, compared with 27 cents for the second quarter 2008 * Reported diluted EPS for second quarter 2009 was 21 cents, compared to 28 cents for the second quarter 2008 * Through second quarter, tracking slightly ahead of the employee incentive target of $1.20, based on adjusted diluted EPS; however, softened industrial volumes require continued strong focus on operations and cost management
CHARLOTTE, N.C., Aug. 4 /PRNewswire-FirstCall/ -- Duke Energy (NYSE: DUK) today announced second quarter 2009 adjusted diluted earnings per share of 26 cents, compared to 27 cents for second quarter 2008. Reported diluted EPS for the second quarter 2009 was 21 cents, compared to 28 cents for the same period last year.
Through the second quarter of 2009, based upon adjusted diluted EPS, the company is slightly ahead of its internal plan, on a year-to-date basis. The company continues to experience lower electricity sales as a result of the economy, but has been effectively managing through the downturn with aggressive cost control. Industrial volumes are expected to stabilize for the remainder of 2009. Achievement of the employee incentive target will require continued focus on operations and cost management as well as some improvement in overall economic conditions.
"I am pleased with our results through the first half of the year in this challenging environment. Our industrial sales are being negatively impacted by current economic conditions and we have largely offset this impact with our strong operational performance and cost management. Industrial sales are showing signs of stabilization, but we do not see significant improvement in the near term. We will continue to focus on the matters we can control, including our operational performance, cost management and maintaining the strength of our liquidity and balance sheet," said James E. Rogers, chairman, president and chief executive officer.
SOURCE Duke Energy CONTACT: Media: Tom Shiel 1-704-382-2355 or 24-Hour: 1-704-382-8333 or Analysts: Bill Currens +1-704-382-1603, both of Duke Energy
Web Site: http://www.duke-energy.com
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