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Mar 31, 2024
NextEra Q1 2024 Earnings Report
NextEra Energy reported strong first-quarter results with solid financial and operating performances from both FPL and NextEra Energy Resources.
Key Takeaways
NextEra Energy reported a strong first quarter in 2024, with adjusted earnings per share growing by approximately 8.3% year-over-year. FPL placed 1,640 MW of new solar into service, and NextEra Energy Resources added approximately 2,765 MW of new renewables and storage to its backlog.
NextEra Energy delivered strong first-quarter 2024 results.
FPL remains focused on executing its capital plan and providing best-in-class reliability while keeping customer bills low.
NextEra Energy Resources adds approximately 2,765 megawatts of new renewables and storage projects to its backlog.
FPL had its strongest quarter of customer growth in over 15 years, increasing by more than 100,000 customers from the prior year.
NextEra
NextEra
NextEra Revenue by Segment
Revenue by Segment
FPL Revenue
CapyFin.comNextEra Energy Resources Revenue
CapyFin.com Forward Guidance
NextEra Energy's long-term financial expectations remain unchanged. For 2024, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.23 to $3.43. 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 2026, off a 2024 base.
Positive Outlook
- Adjusted earnings per share to be in the range of $3.23 to $3.43 for 2024.
- Expects to grow 6% to 8% off the 2024 adjusted EPS range for 2025 and 2026.
- EPS to be in the range of $3.45 to $3.70 for 2025.
- EPS to be in the range of $3.63 to $4.00 for 2026.
- Expects to grow its dividends per share at a roughly 10% rate per year through at least 2026, off a 2024 base.
Revenue & Expenses
Visualization of income flow from segment revenue to net income