Duke Energy raised its 2026 adjusted earnings per share forecast to a range of $6.55 to $6.80.
Rapid data center expansion for artificial intelligence drives the updated guidance. Increased consumption from manufacturing and residential customers also fuels the surge in electricity demand.
The utility identifies unprecedented load growth in the Carolinas as a primary factor for the revised outlook.
Duke Energy is executing a major capital investment plan to meet rising power needs. The company is considering adding new nuclear reactors and extending the lifespan of existing coal plants.