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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.
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, 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