Fox Business - The Power to Prosper
Search Site

Progress Energy

Duke Energy Powers 4Q Beat

Duke Energy's (NYSE:DUK) fourth-quarter earnings jumped 58%, as the company benefited from cost savings after its acquisition of Progress Energy.The company reported a profit of $688 million, or 97 cents a share, compared to $435 million, or 62 cents a share, in the year-ago period. Excluding one-time items, earnings checked in at $1 a share, up from 70 cents.Analysts were looking for adjusted per-share earnings of 97 cents.Charlotte, N.C.-based Duke Energy, which serves 7.2 million electricity customers in Florida, Indiana, Ohio, Kentucky and the Carolinas, said its quarterly results got a boost from lower costs achieved through synergies with Progress Energy.The 2012 transaction created the nation's largest power company with a current market value of around $50.8 billion. Revenue in 2013 surged 25.3% year-over-year to $24.6 billion.Also in the fourth quarter, regulated utilities saw 22% growth in adjusted net income to $607 million. Adjusted earnings in the international energy segm...

Read More

  1. Duke Energy's Profit More Than Doubles

    Duke Energy Corp. said its first-quarter profit more than doubled to $634 million from $295 million a year earlier. Earnings per share rose to 89 cents from 66 cents...

  2. Petronas: Not Signed Any Pact With OGX, Others for Brazil Oil Rights

    Malaysia's state-run oil and gas company Petroliam Nasional Bhd., or Petronas, hasn't signed any pact with Brazil's OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OG...

  3. Cnooc Completes Nexen Buy

    News late Monday that China's state-run Cnooc Ltd. (CEO) had completed its record-breaking purchase of Canada's Nexen Inc.(NXY) came hot on the heels of another Chin...

  4. Duke Energy 4Q Gains Fueled by Acquisition

    Duke Energy (NYSE:DUK) reported on Wednesday fourth-quarter earnings that soared 51% on the acquisition of Progress Energy.The Charlotte, N.C.-based company said its...

  5. Duke Energy 4th-Quarter Profit Soars on Addition of Progress Energy

    Duke Energy Corp.'s (DUK) fourth-quarter earnings rose 51% as the company benefited from the addition of Progress Energy.Duke Energy completed its acquisition of Pro...

  6. Duke Energy to Close Two Charlotte-Area Coal Plants Early

    Duke Energy Corp. (DUK) said it will close two of its Charlotte-area coal-fired power plants two years earlier than scheduled, as the company continues to make the t...

  7. TransCanada to Run $5.1 Billion Pipeline Project

    TransCanada Corp. (TRP) said Wednesday it has been chosen by Progress Energy Canada Ltd. to build, own and operate a 5 billion Canadian dollar ($5.1 billion) pipelin...

  8. Duke Energy Buys CGE Group's Chilean Unit for $415 Million

    Duke Energy Corp. (DUK) agreed to acquire CGE Group's Chilean unit for $415 million as part of its ongoing efforts to tap into Latin America's growth potential.The d...

  9. Resources Minister Says Canada Remains Open to Foreign Investment

    Canada's resources minister said Monday the country remained open to foreign investment, days after Ottawa rolled out new guidelines for acquisitions by state-owned ...

  10. CNOOC pledge small step for China transparency, skeptics abound

    CNOOC's promise of transparency, pledged to win approval from Canada for its $15.1 billion purchase of Nexen Inc, looks like a positive step on the face of it but is...

  11. Canadian Minister Says Tougher Stance on Oil-Sands Investment Won't Damage Relations With China

    The Canadian government's decision to make it harder in future for state-owned enterprises to acquire the country's oil-sands assets won't damage relations with Chin...

  12. Canada Approves CNOOC-Nexen Deal

    Canada approved Friday China's CNOOC Ltd.'s acquisition of Canada's Nexen Inc. . China's CNOOC, a state-controlled offshore oil and gas firm, offered $15 billion for...

  1. Duke Energy profit misses Street on weak commercial sales

    Duke Energy Corp , the largest power provider in the United States, posted a lower-than-expected quarterly profit on Wednesday due in part to weak commercial sales.D...

  2. Duke Energy's Lynn Good Named CEO

    Duke Energy (NYSE:DUK) announced Tuesday that its board elected Lynn Good to succeed Jim Rogers as president and chief executive, effective July 1.Rogers will contin...

  3. Petronas to Buy Stakes in 2 Brazil Offshore Fields from OGX at $850 Million

    Malaysia's Petroliam Nasional Bhd. is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets with its planned purchase...

  4. Petronas Confirms Deal to Buy Interest in 2 Offshore Brazil Blocks

    Malaysia's state-run oil and gas company Petroliam Nasional Bhd, or Petronas Wednesday said it has agreed to buy 40% interest in two offshore blocks in Brazil from B...

  5. Duke Energy profit below expectations; power demand weak

    Duke Energy Corp , the largest power provider in the United States, reported a lower-than-expected quarterly profit on Friday, citing weak electricity demand and hig...

  6. Duke Energy Net Soars Following Progress Merger

    Duke Energy Corp.'s (DUK) first-quarter earnings soared as the utility giant benefited from a recent merger with Progress Energy Inc.Duke, based in Charlotte, N.C., ...

  7. Duke Energy 1st-Quarter Net Soars Following Progress Merger

    Duke Energy Corp.'s (DUK) first-quarter earnings soared as the utility giant benefited from a recent merger with Progress Energy Inc.Duke, based in Charlotte, N.C., ...

‹ Prev12345Next ›
Freebase CC-BY
Source: Progress Energy on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL