5 Most Profitable Utility Stocks Now

3. Duke Energy Corporation (NYSE:DUK)

Net Income (TTM) as of December 31, 2022: $2.669 billion

Duke Energy Corporation (NYSE:DUK) is one of America’s largest holding companies with 8.2 million electric utility customers and 1.6 million natural gas customers through its subsidiaries. In terms of 2022, Duke Energy Corporation (NYSE:DUK) was also one of the most profitable utilities in the United States with net income of $2.669 billion according to YCharts, ranking #3 on our list of 12 Most Profitable Utility Stocks Now. For the future, In terms of the future, Duke Energy Corporation (NYSE:DUK) sees earnings growth of between 5% and 7% through 2027 off the midpoint 2023 guidance range of $5.65 per share based on adjusted EPS according to its fourth quarter 2022 earnings review and business update.