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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 8.15B | 13.7% |
| Gross Profit | 6.26B | 16.5% |
| Cost of Revenue | 1.9B | 5.4% |
| Operating expense | 410M | 2.8% |
| Net Income | 1.28B | 42.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 184B | 1.1% |
| Total Liabilities | 134B | 1.9% |
| Total Equity | 49.1B | 1.2% |
| Shares Outstanding | 772M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.52B | 19.3% |
| Cash from investing | -3.28B | 1.3% |
| Cash from financing | -284M | 215.9% |
EPS
Financial Highlights for Duke Energy in Q3 '24
Duke Energy reported a revenue of 8.15B, which is a 13.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.26B, marking a 16.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.9B, a 5.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 410M, showing a -2.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.28B, showing a 42.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Duke Energy with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
