NextEra Q1 2023 Earnings Report
Key Takeaways
NextEra Energy reported strong first-quarter 2023 financial results, with adjusted earnings per share growth of approximately 13.5% year-over-year. FPL placed in service nearly 970 megawatts of low-cost solar, while NextEra Energy Resources added approximately 2,020 megawatts of new renewables and storage projects to its backlog.
NextEra Energy delivered strong first-quarter 2023 results.
FPL continues to focus on delivering a superior value proposition of low bills, high reliability and outstanding customer service.
NextEra Energy Resources has another strong quarter of renewables and storage origination, adding approximately 2,020 megawatts of new renewables and storage projects to its backlog.
FPL advanced what they believe is the best customer value proposition in the industry by placing in service nearly 970 megawatts of low-cost solar, bringing its total solar portfolio to nearly 4,600 megawatts.
NextEra
NextEra
NextEra Revenue by Segment
Forward Guidance
NextEra Energy's long-term financial expectations remain unchanged. For 2023 and 2024, NextEra Energy continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 and $3.23 to $3.43, respectively. For 2025 and 2026, NextEra Energy expects to grow 6% to 8%, off the 2024 adjusted earnings per share range. This translates to a range of $3.45 to $3.70 for 2025 and $3.63 to $4.00 for 2026. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base.
Revenue & Expenses
Visualization of income flow from segment revenue to net income