Duke Energy Nets $2.48B From Gas Sale, Powers Industry-Leading Capital Plan

Charlotte, N.C. – March 31, 2026 – Duke Energy (NYSE: DUK) has finalized the divestiture of its Tennessee Piedmont Natural Gas operations to Spire, one of the nation's leading publicly traded natural gas corporations, for a sum of $2.48 billion. This transaction, initially disclosed in July 2025, will contribute to financing Duke Energy's extensive regulated capital program, noted as the largest in the utility industry.

Duke Energy (NYSE: DUK) currently holds an RS Score of 59.18, placing it in the 25.04th percentile within its country and the 33.33rd percentile in its sector. Analysis of its underlying section scores indicates several areas for improvement, with Valuation (54.02), Growth (25.29), Profitability (73.56), Momentum (28.92), and EPS Revisions (69.00) all scoring below 80. Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.