Q1 26 EPS
$1.09
BEAT +11.91%
Est. $0.97
Q1 26 Revenue
$6.70B
MISS 7.88%
Est. $7.27B
Did NEE Beat Earnings? Q1 2026 Results
NextEra Energy posted a solid first quarter for 2026, reporting adjusted earnings per share of $1.09, up 10% year-over-year from $0.99, as revenue climbed to $6.70 billion from $6.25 billion in the prior-year period. The headline story behind the qua… Read more NextEra Energy posted a solid first quarter for 2026, reporting adjusted earnings per share of $1.09, up 10% year-over-year from $0.99, as revenue climbed to $6.70 billion from $6.25 billion in the prior-year period. The headline story behind the quarter was the record renewables and storage origination at NextEra Energy Resources, which added 4 GW to its backlog, including 1.3 GW of battery storage, bringing total backlog to approximately 33 GW. Florida Power & Light also contributed meaningfully, with net income rising to $1.46 billion as the utility added nearly 100,000 customers and brought roughly 600 megawatts of new solar online. On the GAAP side, net income attributable to the company reached $2.18 billion, or $1.04 per share, a sharp improvement from $833 million, or $0.40 per share, a year ago, partly reflecting a swing in XPLR Infrastructure investment gains. Looking ahead, management held its 2026 adjusted EPS target of $3.92 to $4.02, aiming for the high end, while maintaining its 8%-plus annual growth outlook through 2032.
Key Takeaways
- • FPL regulatory capital employed grew approximately 8.8% year-over-year
- • FPL added nearly 100,000 customers in Q1
- • Adjusted EPS increased 10% year-over-year
- • New investment growth at FPL contributed $0.04 per share
- • NextEra Energy Resources new investments contributed $0.04 per share
- • NextEra Energy Transmission contributed $0.05 per share increase
- • FPL placed approximately 600 megawatts of new solar into service
NEE Forward Guidance & Outlook
NextEra Energy's long-term financial expectations remain unchanged. The company continues to expect 2026 adjusted EPS in the range of $3.92 to $4.02, targeting the high end. It expects a compound annual growth rate in adjusted EPS of 8%+ through 2032 and targets the same from 2032 through 2035, off a 2025 base of $3.71 adjusted EPS. NextEra Energy also expects to grow dividends per share at a roughly 10% rate 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 to be between $12 billion and $13 billion.
NEE YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
NEE Revenue by Segment
With YoY comparisons, source: SEC Filings
“NextEra Energy is off to a terrific start for the year, delivering strong first-quarter results, with adjusted earnings per share increasing by 10% year-over-year. These results reflect continued strong financial and operational performance across FPL and NextEra Energy Resources as America's electricity demand continues to increase.”
— John Ketchum, Q1 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |