NextEra Energy, Inc.'s Stock Analysis

NextEra Energy Proposes Significant Rate Increases for 2026-2029

Florida Power & Light Company (FPL) has filed a joint motion with intervenor groups to approve a proposed rate agreement that would establish new retail base rates effective January 1, 2026. This agreement includes annualized retail base revenue increases of $945 million in 2026 and $705 million in 2027, as well as additional increases tied to solar generation and battery storage projects scheduled to come online in 2027 through 2029. The agreement also outlines mechanisms for rate stabilization and storm cost recovery, along with provisions for adjustments due to changes in corporate income tax laws.

The proposed agreement would authorize FPL to maintain a regulatory return on equity (ROE) of 10.95%, with a range of 9.95% to 11.95%. If the earned ROE falls below the minimum, FPL could seek retail base rate relief. The agreement is contingent upon approval by the Florida Public Service Commission (FPSC), and the parties involved have requested a ruling to implement the new rates by the start date. The FPSC's decision will also consider FPL's previously filed base rate proceeding.

Aug 20, 2025 16:18:13

NextEra Energy Completes $2 Billion Debenture Remarketing

On August 1, 2025, NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy, completed a remarketing of approximately $2.0 billion in Series M Debentures, which are guaranteed by NextEra Energy. These debentures, originally issued in September 2022, have had their interest rate reset to 4.685% per year, with interest payments scheduled for March 1 and September 1, starting September 1, 2025.

The remarketing was conducted under specific registration statements and is reported in a Current Report on Form 8-K. This event may have implications for investors, particularly regarding the company's debt structure and interest obligations moving forward.

Aug 01, 2025 14:39:35

NextEra Energy Reports Second Quarter 2025 Financial Results

NextEra Energy, Inc. reported a net income of $2.028 billion, or $0.98 per share, for the second quarter of 2025, reflecting an increase from $1.622 billion, or $0.79 per share, in the same quarter of 2024. Adjusted earnings were $2.164 billion, or $1.05 per share, compared to $1.968 billion, or $0.96 per share, year-over-year. The company highlighted the growth in regulatory capital employed by Florida Power & Light (FPL) by nearly 8% year-over-year, with capital expenditures for the quarter around $2 billion. FPL aims to maintain low customer bills while investing in reliable electricity infrastructure to support Florida's growing population.

NextEra Energy Resources also reported strong performance, achieving a net income of $983 million, or $0.48 per share, compared to $552 million, or $0.27 per share, in the prior-year quarter. The segment added 3.2 gigawatts of new renewables and storage to its backlog, totaling nearly 30 gigawatts. The company continues to expect adjusted earnings per share for 2025 to be in the range of $3.45 to $3.70, with dividend growth anticipated at around 10% per year through at least 2026.

Jul 23, 2025 07:36:59

NextEra Energy Reports First-Quarter 2025 Financial Results

NextEra Energy, Inc. reported a net income of $833 million, or $0.40 per share, for the first quarter of 2025, a decrease from $2.268 billion, or $1.10 per share, in the same quarter of 2024. However, on an adjusted basis, earnings increased to $2.038 billion, or $0.99 per share, compared to $1.873 billion, or $0.91 per share, in the prior year. Florida Power & Light Company (FPL) reported a net income of $1.316 billion, or $0.64 per share, attributed to ongoing investments, with capital expenditures around $2.4 billion for the quarter. FPL's regulatory capital employed grew by 8.1% year-over-year and is focused on maintaining low customer bills while enhancing reliability and service quality. FPL has proposed a four-year rate plan to support future investments and expects average residential bills to rise at about 2.5% annually through 2029, remaining below national averages.

NextEra Energy Resources added approximately 3.2 gigawatts of new renewables and storage to its backlog, bringing the total backlog to roughly 28 gigawatts. The segment reported a net income of $172 million, or $0.08 per share, down from $966 million, or $0.47 per share, in the previous year, but adjusted earnings rose to $908 million, or $0.44 per share. The company continues to expect adjusted earnings per share for 2025 to be in the range of $3.45 to $3.70, with a commitment to grow dividends per share at around 10% annually through at least 2026.

Apr 23, 2025 07:35:57

NextEra Energy Reports $6.946 Billion Annual Net Income for 2024

NextEra Energy, Inc. reported a net income of $6.946 billion for the full year 2024, although this reflects a decrease from $7.310 billion in 2023. The company achieved an adjusted earnings growth of approximately 8.2% year-over-year, reaching $7.063 billion, or $3.43 per share. Florida Power & Light (FPL) also demonstrated growth in regulatory capital, increasing by about 10% year-over-year. Notably, NextEra Energy Resources added over 12 gigawatts to its backlog, marking a record year for new renewables and storage projects.

Conversely, the fourth-quarter results showed a slight decline in net income attributable to NextEra Energy, with a drop from $1.210 billion in Q4 2023 to $1.203 billion in Q4 2024. FPL's fourth-quarter net income also decreased to $845 million from $1.146 billion in the prior year. Additionally, NextEra Energy Resources reported a net loss of $442 million for the fourth quarter, contrasting with a profit of $885 million in the same period last year. Despite these challenges, the company continues to focus on long-term growth and investments in clean energy.

Jan 24, 2025 07:34:21

FPL Proposes $1.55 Billion Rate Increase for 2026

Florida Power & Light Company (FPL) highlights its commitment to providing reliable electricity while maintaining low bills for its customers. The company has experienced significant growth, adding approximately 275,000 new customer accounts since 2021, and has consistently outperformed peer utilities in operational metrics. FPL's current rate plan has insulated customers from various economic challenges, and the company has achieved its best-ever service reliability during this period. FPL's investments in infrastructure and renewable energy projects, including solar and battery storage, are positioned to deliver long-term benefits to customers.

However, FPL is requesting a base rate increase of approximately $1.55 billion for 2026 and $930 million for 2027 to address rising costs associated with infrastructure growth, inflation, and regulatory requirements. The company anticipates that the average residential bill will rise by about 2.5% annually from January 2025 through 2029. Despite this increase, FPL asserts that its rates will remain below the national average and many other Florida utilities. The proposed rate adjustments come amid challenges such as rising material costs and labor expenses, which have surged significantly since 2021.

Dec 30, 2024 08:20:18

NextEra Energy Reports Strong Q3 2024 Financial Results

NextEra Energy, Inc. announced impressive third-quarter results for 2024, reporting a significant increase in net income, reaching $1.852 billion, or $0.90 per share, compared to $1.219 billion, or $0.60 per share, from the previous year. The company's adjusted earnings per share also rose by about 10%, reflecting robust financial performance across its operations. Florida Power & Light (FPL) experienced growth, with net income increasing to $1.293 billion, driven by strategic investments in infrastructure that have proven effective during recent hurricanes. The company continues to prioritize customer value, maintaining low bills and high reliability standards. Additionally, NextEra Energy Resources added 3 gigawatts of new renewable projects, highlighting its commitment to expanding its clean energy portfolio and entering agreements with major companies for future developments.

Despite the strong performance, the corporate segment reported a slight decrease in results, which may raise concerns about certain operational areas. However, the overall outlook remains positive, with NextEra Energy emphasizing its plans for continued growth and investment in renewable energy. The company aims to maintain a strong balance sheet while navigating challenges in the energy sector. With a focus on enhancing its infrastructure and expanding its renewable energy offerings, NextEra Energy is well-positioned to meet increasing power demands and contribute to sustainable energy solutions.

Oct 23, 2024 07:34:51

NextEra Energy Reports Strong Q2 2024 Financial Results

NextEra Energy announced solid second-quarter results with a 9% increase in adjusted earnings per share year-over-year. Florida Power & Light (FPL) saw a 10.7% rise in regulatory capital and reported higher net income. The company added over 3,000 megawatts of new renewable projects, including agreements with Google. However, net income dropped from $2.795 billion in Q2 2023 to $1.622 billion in Q2 2024 on a GAAP basis, raising some concerns about overall profitability.

Jul 24, 2024 07:36:44

NextEra Energy Strong Financial Results and Renewable Energy Growth

NextEra Energy reports solid Q1 2024 results with increased earnings. FPL focuses on low customer bills and solar investments. NextEra Energy Resources adds 2,765 MW of renewables. The company aims for top financial performance through 2026, emphasizing renewable energy growth and strong balance sheets. FPL's customer base grows, and it plans significant solar and storage expansion. NextEra Energy Resources achieves record origination quarter for solar and storage projects. Corporate results slightly improved. NextEra Energy maintains growth outlook and dividend increase plans.

Apr 23, 2024 07:34:08

NextEra Energy Reports Strong Financial Results for 2023

NextEra Energy reported strong financial and operational results for full-year 2023. The company's adjusted earnings per share grew by over 9% compared to 2022, with both FPL and NextEra Energy Resources performing well. FPL focused on capital plan execution and customer value, while NextEra Energy Resources achieved a record year for new renewables and storage origination. The company maintains unchanged long-term financial expectations and aims for consistent dividend growth.

Jan 25, 2024 07:40:31