Duke Energy Profit Rises 13%
Operating revenue from that unit, which accounts for the bulk of Duke's overall business, rose 2 percent to $6.26 billion in the third quarter.
The Charlotte, North Carolina-based company has been expanding its business through investments in renewable energy and power generation stations for electric vehicles.
Net income attributable to Duke rose to $1.08 billion, or $1.51 per share, in the three months ended Sept. 30, from $954 million, or $1.36 per share, a year earlier.
The company took an $84 million after-tax impairment charge related to a settlement in the year-ago quarter.
Excluding one-time items, the company earned $1.65 per share, beating analysts' average estimate of $1.52, according to IBES data from Refinitiv.
Total operating revenue rose to $6.63 billion from $6.48 billion.
(Reporting by Debroop Roy in Bengaluru; Editing by Shinjini Ganguli)