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Sep 30
NextEra Q3 2025 Earnings Report
NextEra reported strong third quarter results with double-digit EPS growth driven by investment gains and segment performance.
Key Takeaways
NextEra Energy delivered solid Q3 2025 results, posting 9.7% adjusted EPS growth and $2.44B in net income. Strong contributions from both FPL and NEER segments, along with a strategic nuclear partnership with Google, underpinned performance.
Adjusted EPS increased 9.7% YoY to $1.13
Net income rose to $2.44B, up from $1.85B last year
NextEra and Google signed a 25-year nuclear power agreement
3.0 GW of new renewables and storage were added to the development backlog
NextEra
NextEra
NextEra Revenue by Segment
NextEra Revenue by Geographic Location
Revenue by Segment
FPL Revenue
CapyFin.comNEER Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
NextEra expects to deliver results near the high end of its adjusted EPS guidance through 2027 and plans to grow dividends ~10% annually through 2026.
Positive Outlook
- 6–8% adjusted EPS growth expected through 2027
- Strong backlog of renewables and storage (29.6 GW)
- Positive contribution from Duane Arnold nuclear restart
- Contracted nuclear production tax credit adds upside
- Operating cash flow expected to grow at or above EPS rate
Challenges Ahead
- Interest rate increases could lower EPS by up to $0.02 in 2025
- Wind production variability affects EPS by $0.005 per 1% change
- Asset recycling and financing costs pressured NEER EPS by $0.09
- Corporate segment reported a $0.11 adjusted EPS loss
- Development risks remain for post-2027 projects