| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.7K | 9.8% | 4.7% |
| Total Income | 6.7K | 9.8% | 4.7% |
| Expenditure | 4.5K | 14.7% | 0.6% |
| PBT | 2.5K | 111.7% | 83.5% |
| Net Profit | 3.1K | 44.1% | 55.0% |
| OPM | 33.40% | 2.79pp | 3.54pp |
| NPM | 46.92% | 11.15pp | 15.24pp |
| EPS | 1.51 | 43.8% | 52.5% |
NextEra Energy Reports Strong Second-Quarter 2026 Financial Results
24 Jul 2026 · 24 Jul, 5:06 pm
Summary
NextEra Energy reported strong second-quarter 2026 financial results, with adjusted earnings per share increasing by 9.5% year-over-year. The company highlighted continued operational and financial execution across both FPL and NextEra Energy Resources. FPL demonstrated growth in regulatory capital employed and maintained customer affordability, while NextEra Energy Resources significantly expanded its backlog for renewables and storage. Management reiterated expectations for continued adjusted earnings per share growth through 2032 and beyond, and noted progress on the proposed combination with Dominion Energy.
Key Highlights
- 1
NextEra Energy delivered strong second-quarter results with adjusted earnings per share increasing by 9.5% year-over-year.
- 2
FPL grew regulatory capital employed by approximately 9.3% year-over-year while keeping customer bills low.
- 3
NextEra Energy Resources added 3.6 gigawatts to its backlog for new renewables and storage origination in the quarter.
- 4
NextEra Energy and Dominion Energy advanced their proposed combination by filing applications seeking merger approvals.
- 5
FPL's typical residential bill remains approximately 30% below the national average and is projected to increase only 2% annually through the end of the decade.
- 6
NextEra Energy Resources' backlog now totals approximately 35.1 GW after adding 3.6 GW of new renewables and storage origination.
Management Comments
John Ketchum
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. As power demand continues to accelerate, NextEra Energy is uniquely positioned to meet the power demand needs of our customers because we have the scale, financial strength, supply chain, development expertise and technology to build all forms of energy. NextEra Energy continues to be well positioned to deliver on its growth opportunities in its regulated and long-term contracted businesses in 2026 and beyond. We continue to expect to grow adjusted earnings per share at a compound annual growth rate of 8%+ through 2032 and are targeting the same from 2032 through 2035, all off our 2025 base. Earlier this month, we took the next step in our proposed combination with Dominion Energy by filing applications for merger approval with state and federal agencies, formally beginning the regulatory review process. This combination is about putting greater scale, financial strength and operational expertise behind Dominion Energy's local operating companies so they can meet growing power demand while keeping bills affordable and service reliable. Together, we will be better positioned to support jobs and economic development in four fast-growing states by investing in the all-of-the-above energy infrastructure needed to power growth and strengthen American competitiveness. If approved and completed, Dominion Energy customers would receive $2.25 billion in shareholder-funded bill credits, providing meaningful near-term customer benefits. Over the longer term, customers and communities would benefit from a stronger company with the scale and capabilities to buy, build, finance and operate critical energy infrastructure more efficiently, helping support reliability, affordability and economic growth. As discussed when the combination was announced on May 18, the combined company is expected to support approximately 11% annual growth in regulatory capital employed through 2032 and 9%+ adjusted earnings per share growth through 2032, with a 9%+ target through 2035, all off a 2025 base.
Informational and educational content only. Not investment advice.