NextEra Energy Inc
Q1 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +8.16%.
Did NEE Beat Earnings? Q1 2025 Results
NextEra Energy posted a solid first quarter, with adjusted earnings per share of $0.99 marking nearly 9% year-over-year growth as the clean energy giant's dual-engine model continued to deliver. Revenue climbed to $6.25 billion from $5.73 billion a year ago, underpinned by Florida Power & Light's steady regulated earnings — FPL contributed $1.32 billion in net income, or $0.64 per share, as its regulatory capital base expanded roughly 8.1% and 894 megawatts of new solar came online during the quarter, lifting its owned portfolio above 7.9 gigawatts. Meanwhile, NextEra Energy Resources added approximately 3.2 gigawatts of new renewables and storage to a backlog now totaling roughly 28 gigawatts, reflecting robust demand for clean power as U.S. electricity consumption accelerates. Management reiterated full-year 2025 adjusted EPS guidance of $3.45 to $3.70, extending the outlook through 2027, and repeated its expectation of roughly 10% annual dividend growth — adding that it would be disappointed not to finish at or near the top of those ranges, a level of <a href="https://247wallst.com/investing/2025/10/28/takeaways-from-nextera-energy-nee-q3-earnings-beat/">forward confidence rarely offered</a> by utility management teams.
- FPL net income growth driven by continued capital investment in the business
- FPL regulatory capital employed grew approximately 8.1% year-over-year
- NEER adjusted earnings growth driven by new investments contributing $0.12 per share
- 894 MW of new cost-effective solar placed into service at FPL during the quarter
- Strong demand across all sectors of the U.S. economy supporting renewables origination
“NextEra Energy is off to a strong start for the year, increasing adjusted earnings per share by nearly 9% year-over year – the direct result of continued solid financial and operational performance at both our businesses. During the quarter, FPL continued to deliver on its customer value proposition and filed its four-year rate plan, which is designed to support continued smart, customer-centric investments in Florida that drive high reliability and low bills. Amid strong demand across all sectors of the U.S. economy, NextEra Energy Resources had a strong origination quarter, adding approximately 3.2 gigawatts of new renewables and storage to its backlog. We believe we are well positioned to continue delivering for our customers and our shareholders and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings.”
NextEra Energy CEO, on the earnings call
Forward Guidance & Outlook
NextEra Energy's long-term financial expectations remain unchanged. For 2025, the company continues to expect adjusted earnings per share in the range of $3.45 to $3.70. For 2026 and 2027, adjusted EPS is expected to be in the ranges of $3.63 to $4.00 and $3.85 to $4.32, respectively. The company also continues to expect dividend per share growth of roughly 10% per year through at least 2026 off a 2024 base. Management stated it would be disappointed if it could not deliver financial results at or near the top of its adjusted EPS expectations ranges in each year through 2027. FPL's full-year 2025 capital investments are expected to be between $8 billion and $8.8 billion. FPL's Ten-Year Site Plan projects the need for over 17 GW of solar and 7.6 GW of battery storage over the next decade.
NEE YoY Financials
NEE Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.