"NextEra Energy ( NYSE: NEE) delivered an earnings beat on adjusted EPS this morning, though revenue fell short of expectations. The stock climbed to a 52-week high of $87.29 yesterday and continued higher in pre-market trading after the company announced a major partnership with Google to recommission a nuclear facility in Iowa. Adjusted earnings per share came in at $1.13, beating the $1.05 consensus by 7.6%, while revenue of $7.97 billion missed the $8.12 billion estimate by $157 million."
"Adjusted EPS grew 9.7% year-over-year, a meaningful acceleration that reflects both core business performance and the company's capital deployment strategy. GAAP net income of $2.44 billion jumped 32% from the prior year's $1.85 billion, signaling strong bottom-line momentum. FPL, NextEra's regulated utility segment, generated $1.46 billion in net income, driven by continued rate base expansion and investment in grid modernization."
"The $157 million revenue shortfall represents a 1.9% miss against consensus. This gap appears tied to project timing and seasonal factors rather than fundamental demand weakness. Management's maintained 2025 guidance of $3.45 to $3.70 adjusted EPS, along with raised 2026 and 2027 outlooks, suggests confidence in underlying business momentum. The company projects 2026 adjusted EPS of $3.63 to $4.00 and 2027 adjusted EPS of $3.85 to $4.32. Dividend growth is expected to continue at approximately 10% annually through at least 2026."
NextEra reported adjusted EPS of $1.13, up 9.7% year-over-year and beating the $1.05 consensus by 7.6%. Revenue totaled $7.97 billion, a 10.4% year-over-year increase but $157 million below consensus. GAAP net income rose to $2.44 billion, up 32% year-over-year. FPL net income reached $1.46 billion, supported by rate base expansion and grid modernization investments. Operating cash flow through nine months was $9.99 billion versus capital expenditures of $6.74 billion. The company added 3 GW to its renewables and storage backlog and announced a partnership with Google to recommission an Iowa nuclear facility. Management maintained 2025 guidance and raised 2026–2027 outlooks while projecting continued dividend growth around 10% annually through 2026.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]