Nelnet Q4 2023 Earnings Report
Key Takeaways
Nelnet reported a GAAP net loss of $8.6 million, or $0.23 per share, for Q4 2023, compared to a net income of $30.8 million, or $0.83 per share, for the same period last year. Excluding derivative market value adjustments, the net loss was $1.3 million, or $0.04 per share, compared to a net income of $36.4 million, or $0.98 per share, in Q4 2022. The results were impacted by a net loss from the Nelnet Renewable Energy division of $40.3 million. Core fee-based businesses performed exceptionally well.
Nelnet reported a GAAP net loss of $8.6 million, or $0.23 per share, for the fourth quarter of 2023.
Excluding derivative market value adjustments, the company's net loss was $1.3 million, or $0.04 per share.
The company recognized a net loss from its Nelnet Renewable Energy division of $40.3 million.
Core fee-based businesses performed exceptionally well in 2023.
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Nelnet Revenue by Segment
Forward Guidance
Nelnet is focused on long-term value creation and strategic decisions to maximize long-term cash flow. The company is realigning its solar construction business for success, and its core fee-based businesses are well-positioned for a promising future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income