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Jun 30, 2023
NextEra Q2 2023 Earnings Report
NextEra Energy reported solid second-quarter 2023 financial results with FPL continuing capital deployment and NextEra Energy Resources adding new renewables and storage projects.
Key Takeaways
NextEra Energy reported a strong second quarter in 2023, with solid execution and adjusted earnings per share growth. FPL's capital investment plan focuses on cost-effective solar and reliability improvements. NextEra Energy Resources added significant new renewables and storage projects to its backlog, maintaining confidence in long-term growth prospects.
NextEra Energy delivered solid second-quarter 2023 results.
FPL continues to deploy capital to benefit customers, increasing regulatory capital employed by more than 12% year over year.
NextEra Energy Resources remains on track, adding approximately 1,665 megawatts of new renewables and storage projects to its backlog
NextEra Energy expects to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base.
Revenue by Segment
Forward Guidance
NextEra Energy's long-term financial expectations remain unchanged. The company continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 and $3.23 to $3.43 for 2023 and 2024, respectively.
Positive Outlook
- Adjusted earnings per share to be in the ranges of $2.98 to $3.13 for 2023
- Adjusted earnings per share to be in the ranges of $3.23 to $3.43 for 2024
- For 2025 and 2026, NextEra Energy expects to grow 6% to 8%, off the 2024 adjusted earnings per share range.
- Expects to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base
- NextEra Energy expects to grow 6% to 8% off the 2024 adjusted EPS range for 2025 and 2026
Challenges Ahead
- Normal weather and operating conditions
- Positive macroeconomic conditions in the U.S. and Florida
- Supportive commodity markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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