NextEra Energy (NEE) Q4 2025 Earnings
How Did NEE Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −1.37%.
Did NEE Beat Earnings? Q4 2025 Results
Yes. NextEra Energy reported Q4 2025 earnings of $0.54 a share on Jan 27, 2026, beating the $0.53 consensus estimate by 2.7%. Revenue was $6.5B against a $6.8B estimate.
NextEra Energy delivered a disappointing finish to fiscal 2025, posting Q4 adjusted earnings of $0.54 per share — missing the $0.92 consensus estimate by 41.39% — while revenue of $6.50 billion fell 10.64% short of the $7.27 billion Wall Street had anticipated, even as the top line grew 4.0% year over year. The gap between adjusted and GAAP results largely explains the miss: on a GAAP basis, net income attributable to NextEra reached $1.53 billion, or $0.73 per share, reflecting items excluded from the adjusted figure. The company's regulated utility anchor, Florida Power & Light, remained a bright spot, generating full-year net income of $5.01 billion and benefiting from a newly approved four-year rate agreement that clears the path for up to $100 billion in infrastructure investment through 2032. Meanwhile, NextEra Energy Resources set an origination record of approximately 13.5 GW for the year, pushing its total backlog to roughly 30 GW — with plans to <a href="https://247wallst.com/investing/2025/12/11/this-nuclear-play-trades-at-61-premium-despite-earnings-falling-22-this-quarter/">recommission nuclear capacity</a> adding longer-term optionality. Management guided 2026 adjusted EPS of $3.92 to $4.02, targeting 8%+ annual growth through 2032.
- FPL regulatory capital employed grew approximately 8.1% year-over-year
- FPL capital investments totaled approximately $8.9 billion for full year 2025
- NEER record origination year with approximately 13.5 GW added to backlog
- NEER brought 7.2 GW of new generation online in 2025
- Full-year adjusted EPS growth of approximately 8.2% year-over-year
“NextEra Energy delivered strong operational and financial performance in 2025, increasing full-year adjusted earnings per share by more than 8% over 2024 and exceeding the top end of the range we communicated in December.”
NextEra Energy CEO, on the earnings call
What Was NextEra Energy's Outlook in Q4 2025?
NextEra Energy expects 2026 adjusted earnings per share in the range of $3.92 to $4.02. The company targets a compound annual growth rate in adjusted EPS of 8%+ through 2032 and the same growth rate from 2032 through 2035, all off the 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 expects to invest between $90 billion and $100 billion through 2032 to support Florida's continued growth, with typical residential customer bills expected to increase only about 2% annually between 2025 and 2029.
NEE YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $6.5B | $6.2B | +4.1% |
| Operating Income | $1.6B | $2.3B | −29.7% |
| Net Income | $1.5B | $833.0M | +84.3% |
NEE Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.