Companies /Utilities

NextEra Energy Inc

NYSE: NEE Utilities - Regulated Electric
$83.10
▲ $0.17 (+0.21%) today
Markets closed · 11:11pm ET

Q2 2026 Earnings

Reported Jul 24, 2026, 7:31am ET · SEC source
$1.15
Beat +4.25%
EPS · est. $1.10
$7.5B
Miss −7.58%
Revenue · est. $8.2B
−9.8%
Trailing market
NEE vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−1.4%−0.7%0Jul 24Jul 24report 7:31am ETearnings−0.1%−0.7%
−1.4%−0.7%0Jul 24Jul 24earnings−0.1%−0.7%
NEE −0.7%S&P 500 −0.1%
−1.4%−0.7%0Jul 24Jul 24report 7:31am ETearnings−1.1%−0.7%
−1.4%−0.7%0Jul 24Jul 24earnings−1.1%−0.7%
NEE −0.7%NASDAQ −1.1%
−2%0+2%Jul 23Jul 31report 7:31am ETearnings+0.6%−2.4%
−2%0+2%Jul 23Jul 31earnings+0.6%−2.4%
NEE −2.4%S&P 500 +0.6%
−4%−2%0+2%Jul 23Jul 31report 7:31am ETearnings−1.2%−2.4%
−4%−2%0+2%Jul 23Jul 31earnings−1.2%−2.4%
NEE −2.4%NASDAQ −1.2%
−0.01%
Day of report
−1.06%
Next session
−3.19%
One week
−6.19%
30 days

S&P 500 over the same 30 days: +3.65%.

Did NEE Beat Earnings? Q2 2026 Results

NextEra Energy posted a mixed but broadly encouraging second quarter for 2026, delivering an adjusted earnings per share of $1.15 that cleared the $1.10 consensus estimate by 4.25%, extending the company's streak of EPS beats to five consecutive quarters. Total revenues rose 12.4% year over year to $7.53 billion, though that figure came in below the $8.15 billion analysts had expected. The earnings strength was anchored by Florida Power and Light, where disciplined capital investment drove net income to $1.41 billion, a 11% gain from the prior-year quarter, while regulatory capital employed grew roughly 9.3%. NextEra Energy Resources added 3.6 GW to its renewables and storage backlog in the quarter, bringing the total to approximately 35.1 GW, a figure that has drawn favorable analyst attention and Buy ratings from multiple Wall Street firms. Looking ahead, management reaffirmed full-year 2026 adjusted EPS guidance of $3.92 to $4.02, targeting the high end, and continues to project 8% or better compound annual EPS growth through 2032.

Key Takeaways
  • FPL regulatory capital employed grew approximately 9.3% year-over-year
  • FPL new investment growth contributed $0.05 per share year-over-year in Q2
  • NEER new investments contributed $0.09 per share year-over-year in Q2
  • 3.6 GW of new renewables and storage origination added to NEER backlog in Q2, including 2 GW battery storage
  • FPL added more than 90,000 customers during Q2
  • FPL non-fuel O&M is more than 70% better than industry average on a dollar-per-MWh basis

“NextEra Energy delivered a strong second quarter, with adjusted earnings per share increasing by 9.5% year-over-year, reflecting continued operational and financial execution across both FPL and NextEra Energy Resources.”

NextEra Energy CEO, on the earnings call

Forward Guidance & Outlook

NextEra Energy continues to expect 2026 adjusted earnings per share in the range of $3.92 to $4.02, targeting the high end. The company expects a compound annual growth rate in adjusted EPS of 8%+ through 2032, with a 9%+ target through 2035, all off a 2025 base of $3.71 adjusted EPS. Dividend growth is expected at roughly 10% per year through 2026 off a 2024 base, and 6% per year from year-end 2026 through 2028. FPL full-year capital investments are expected between $12 billion and $13 billion. The proposed Dominion Energy combination is expected to close in the second half of 2027 and support approximately 11% annual growth in regulatory capital employed through 2032 and 9%+ adjusted EPS growth through 2032, with a 9%+ target through 2035.

NEE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$3.0B$6.0B$6.7B$7.5BRevenue$1.9B$2.2BOperating Income$2.0B$3.1BNet Income
$0$3.0B$6.0BRevenueOperating IncomeNet Income

NEE Revenue by Segment

Florida Power & Light (FPL)$4.9B+4.0%
NextEra Energy Resources (NEER)$2.5B+32.3%

Figures from SEC filings and company reports. Not investment advice.