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NextEra
🇺🇸 NYSE:NEE
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Sep 30, 2024

NextEra Q3 2024 Earnings Report

Reported strong third-quarter results, driven by solid financial and operational performance at both businesses and growth in regulatory capital employed.

Key Takeaways

NextEra Energy reported strong third-quarter results with an increase in adjusted earnings per share by approximately 10% year-over-year. FPL's investments in hardening and smart-grid technology prevented hundreds of thousands of outages during Hurricanes Helene and Milton. NextEra Energy Resources added approximately 3 gigawatts of new renewables and storage projects to its backlog.

NextEra Energy delivered strong third-quarter 2024 results.

FPL grows regulatory capital employed by approximately 9.5% year-over-year.

NextEra Energy Resources adds approximately 3 gigawatts of new renewables and storage projects to its backlog and enters into incremental framework agreements with two Fortune 50 companies.

FPL's valuable investments in hardening and smart-grid technology prevented hundreds of thousands of outages.

Total Revenue
$7.57B
Previous year: $7.17B
+5.5%
EPS
$1.03
Previous year: $0.94
+9.6%
Gross Profit
$4.87B
Previous year: $4.42B
+10.1%
Cash and Equivalents
$2.26B
Previous year: $1.57B
+44.3%
Free Cash Flow
$2.21B
Previous year: $1.01B
+119.0%
Total Assets
$186B
Previous year: $172B
+8.4%

NextEra

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NextEra Revenue by Segment

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, 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.45 to $3.70, $3.63 to $4.00 and $3.85 to $4.32, respectively. 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

  • NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.23 to $3.43 for 2024.
  • NextEra Energy expects adjusted earnings per share to be in the ranges of $3.45 to $3.70 for 2025.
  • NextEra Energy expects adjusted earnings per share to be in the ranges of $3.63 to $4.00 for 2026.
  • NextEra Energy expects adjusted earnings per share to be in the ranges of $3.85 to $4.32 for 2027.
  • 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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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