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Mar 31
NextEra Q1 2025 Earnings Report
NextEra Energy reported strong Q1 2025 results with higher adjusted EPS, solid net income, and continued growth in its renewables pipeline.
Key Takeaways
NextEra Energy posted Q1 2025 revenue of $6.25 billion and net income of $833 million. Adjusted EPS rose to $0.99, driven by performance at Florida Power & Light and Energy Resources. The company added 3.2 GW to its renewables and storage backlog and remains optimistic about hitting the top end of its EPS guidance through 2027.
Total revenue reached $6.25 billion in Q1 2025
Adjusted EPS increased to $0.99, up from $0.91 in Q1 2024
Net income totaled $833 million for the quarter
3.2 GW of renewables and storage were added to the backlog
NextEra
NextEra
NextEra Revenue by Segment
Revenue by Segment
FPL Revenue
CapyFin.comNextEra Energy Resources Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
NextEra Energy reaffirmed its guidance for strong adjusted EPS and dividend growth through 2027, with a focus on executing renewable energy investments.
Positive Outlook
- 2025 EPS guidance remains $3.45–$3.70
- 6%–8% annual EPS growth expected through 2027
- Approximately 10% annual dividend growth through at least 2026
- Continued strength in renewables backlog with ~28 GW total
- Strong balance sheet supports long-term financial targets
Challenges Ahead
- Corporate and Other posted a net loss of $655M in Q1
- Equity in losses from investees impacted NEER's GAAP results
- Interest expense increased significantly YoY
- Large adjustments from non-qualifying hedges
- Renewables development still subject to permitting and policy risks
Revenue & Expenses
Visualization of income flow from segment revenue to net income