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Dec 31, 2024

NextEra Q4 2024 Earnings Report

Reported strong fourth-quarter and full-year financial results.

Key Takeaways

NextEra Energy reported Q4 2024 net income attributable to NextEra Energy on a GAAP basis of $1.203 billion, or $0.58 per share, compared to $1.210 billion, or $0.59 per share, for the fourth quarter of 2023. On an adjusted basis, NextEra Energy's 2024 fourth-quarter earnings were $1.095 billion, or $0.53 per share, compared to $1.067 billion, or $0.52 per share, in the fourth quarter of 2023.

NextEra Energy delivered strong full-year 2024 financial and operational results

FPL grows regulatory capital employed by approximately 10% year-over-year and continues to keep customer bills as low as possible while delivering reliable electricity

NextEra Energy Resources achieves another record year of new renewables and storage origination, adding more than 12 gigawatts to its backlog

NextEra Energy placed into service roughly 8.7 gigawatts of new renewables and storage projects in 2024.

Total Revenue
$5.39B
Previous year: $6.88B
-21.7%
EPS
$0.53
Previous year: $0.52
+1.9%
Gross Profit
$2.98B
Previous year: $4.41B
-32.5%
Cash and Equivalents
$1.49B
Previous year: $2.69B
-44.7%
Free Cash Flow
$139M
Previous year: $784M
-82.3%
Total Assets
$190B
Previous year: $177B
+7.1%

NextEra

NextEra

NextEra Revenue by Segment

Forward Guidance

NextEra Energy's long-term financial expectations remain unchanged. For 2025, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.45 to $3.70. For 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income