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EX - 99.1 2 er - 20210331xearningsreleas.htm EXHIBIT 99.1 News Release Media Contact : Catherine Butler 24 - Hour : 800.559.3853 Analyst Contact : Jack Sullivan Office : 980.373.3564 dukeenergy logo4ca541a May 10 , 2021 Duke Energy reports first quarter 2021 financial results First quarter 2021 reported EPS of $ 1.25 and adjusted EPS of $ 1.26 Delivered strong adjusted EPS results to start the year , driven by Electric Utilities and Infrastructure growth Advanced clean energy transformation with 570 MW of renewable generation placed in service and the retirement of a 270 MW coal unit during the quarter Company reaffirms 2021 adjusted EPS guidance range of $ 5.00 to $ 5.30 and long - term adjusted EPS growth rate of 5 % to 7 % through 2025 CHARLOTTE , N.C. - Duke Energy ( NYSE : DUK ) today announced first quarter 2021 reported EPS of $ 1.25 , prepared in accordance with Generally Accepted Accounting Principles ( GAAP ) , and adjusted EPS of $ 1.26 . This is compared to reported EPS of $ 1.24 and adjusted EPS of $ 1.14 for the first quarter of 2020 . Adjusted EPS excludes the impact of certain items that are included in reported EPS . The difference between the first quarter 2021 reported and adjusted EPS was due to exit obligations from gas pipeline investments . Higher first quarter 2021 adjusted results were led by growth in Electric Utilities and Infrastructure from rate case contributions and prior year unfavorable weather . Gas Utilities and Infrastructure also benefited from customer growth , rate case contributions and rider programs . Higher market returns on certain benefit trusts and lower financing costs drove higher results in the Other segment . These items were partially offset by impacts from Texas Storm Uri , the loss of ACP earnings , higher depreciation and amortization on a growing asset base and share dilution . " We're off to a very strong start in 2021 , executing well and delivering on our commitments to our customers , communities and investors , " said Lynn Good , Duke Energy chair , president and chief executive officer . " We are positioned to deliver sustainable long - term value as we accelerate our clean energy transformation by investing in renewables , battery storage and in our delivery system . As a result , we have reaffirmed our 2021 adjusted EPS guidance range of $ 5.00 to $ 5.30 and long - term growth rate of 5 % to 7 % , off the 2021 midpoint . "