NextEra Energy reported 9.7% year-over-year growth in third-quarter adjusted EPS, while the stock fell 0.7% after earnings. The reaction was roughly flat; the excerpt highlights earnings growth and FPL’s cost and reliability metrics, but does not provide enough detail to identify a specific disappointment.
- Adjusted EPS increased 9.7% year over year in the quarter and 9.5% over the first nine months, according to management.
- FPL said its typical residential bill is about 37% below the national average and is projected to rise 2% annually on average through the end of the decade.
- FPL’s non-fuel O&M is more than 70% below the industry average per megawatt-hour; its reliability is described as more than 60% better than the national average.
- Following Hurricane Isaias, FPL restored power to more than 97% of affected customers by Tuesday; the company reported no failures among hardened transmission or distribution poles.
- The excerpt provides no updated earnings guidance or detailed Energy Resources results, limiting assessment of the outlook and segment performance.
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