Q2 26 EPS
$1.15
BEAT +4.25%
Est. $1.10
Q2 26 Revenue
$7.53B
MISS 7.58%
Est. $8.15B
Market Reaction
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 quar… Read more 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
NEE 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, source: SEC Filings
NEE Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— John Ketchum, Q2 2026 Earnings Press Release
NEE Earnings Trends
NEE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NEE EPS Trend
Earnings per share: estimate vs actual
NEE Revenue Trend
Quarterly revenue: estimate vs actual
NEE Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.10 | $1.15 | +4.25% | $7.53B | -7.58% |
| Q1 26 BEAT | $0.97 | $1.09 | +11.91% | $6.70B | -7.88% |
| Q4 25 BEAT FY | $0.53 | $0.54 | +2.72% | $6.50B | -4.33% |
| FY Full Year | — | $3.71 | — | $27.41B | — |
| Q3 25 BEAT | $1.02 | $1.13 | +10.61% | $7.97B | -13.62% |
| Q2 25 BEAT | $1.01 | $1.05 | +4.09% | $6.70B | -10.69% |
| Q1 25 BEAT | $0.98 | $0.99 | +1.03% | $6.25B | -5.79% |