NextEra Energy, Inc. Earnings Recaps
Q2 2026
Jul 26, 2026
NextEra Energy’s Q2 results were largely in line with expectations, reflected by a flat stock reaction. The company reiterated steady execution across key businesses without significant surprises in guidance, growth, or margins.
Key takeaways
- Adjusted EPS came in at $1.15 for the quarter, contributing to a 9.8% increase in adjusted EPS year-to-date.
- Florida Power & Light (FPL) added more than 90,000 customers year-over-year, benefiting from continued strong population and economic growth in Florida.
- FPL remains highly efficient with nonfuel O&M costs more than 70% below the industry average and reliability metrics approximately 60% better than the national average.
- The company is on track to install roughly 900 MW of solar and over 1.4 GW of battery storage in 2026, maintaining leadership in renewable capacity among utilities.
- Large load interest at FPL stands at about 21 GW, with 12 GW in advanced discussions; expected capital deployment could reach $2 billion per GW served under the approved tariff.
Q1 2026
Apr 23, 2026
NextEra Energy delivered a solid start to 2026, with adjusted EPS up 10% year-over-year driven by robust operational performance at FPL and Energy Resources, supporting strong growth prospects.
Key takeaways
- FPL added nearly 100,000 customers in Q1 and plans to invest $90-100 billion through 2032, supporting Florida’s projected 4.7% annual GDP growth to 2040.
- FPL’s 10-year plan includes 4 GW of gas, over 12 GW of solar, and 7 GW of storage, maintaining low-cost, reliable service amid continued infrastructure expansion.
- Despite significant capital investments, FPL's residential bills are 20% lower today (inflation-adjusted) than 20 years ago, with reliability 68% better than national average.
- About 21 GW of large load interest at FPL, with potential to serve some customers as early as 2028, providing a strong revenue growth pipeline.
- Energy Resources advances its transmission portfolio, recently securing ERCOT approval for new Texas projects, bolstering infrastructure and efficiency momentum.
Q3 2025
Oct 28, 2025
NextEra Energy reported a robust Q3 2025 with a 9.7% year-over-year increase in adjusted earnings per share, confirming strong operational performance across its segments.
Key takeaways
- Adjusted EPS increased by 9.7% in Q3 2025 and 9.3% year-to-date, demonstrating consistent financial growth.
- Florida Power & Light (FPL) plans to invest approximately $40 billion over the next four years to expand energy infrastructure, focusing on solar, battery storage, and gas generation.
- FPL's proposed 4-year rate agreement aims for stable customer bills with only a 2% annual increase, maintaining prices significantly below national averages.
- NextEra Energy's renewables strategy is strengthened by recent federal tax credit outcomes, facilitating enhanced development of solar and storage capacity through 2030.