NEWS: Duke’s large-load deals are slowing down, but its infrastructure investments keep on flowing.

The numbers: Duke reported $1.99/share earnings in Q3 2026, compared with $1.81 over the same period in 2025. The drivers? 1) Infrastructure investment recovery and 2) “favorable weather,” the company said in a statement

The pipeline: Since Q1 of this year, Duke’s 15-GW large-load pipeline has barely budged. Meanwhile, the company is pouring more than $100B into its four-year capital plan, including transmission upgrades and new natural gas plants. Duke has more than 10 GW of new gas planned across NC, IN, and SC. 

What’s next: Duke expects 5-7% earnings growth through 2030. That’s thanks to economic development in its service areas, a growing earnings base, and “efficient recovery mechanisms” like multi-year rate plans.