Overview
- Adjusted earnings per share came in at $1.13, topping estimates, while revenue of $7.97 billion slightly missed forecasts.
- GAAP net income rose 32% year over year to $2.44 billion as the company highlighted strong performance at Florida Power & Light.
- NextEra signed a 25-year agreement with Google to recommission the Duane Arnold Energy Center in Iowa, previously shut in 2020, to supply power for Google’s operations.
- Management reaffirmed 2025 guidance of $3.45 to $3.70 per share and maintained a 2026 outlook of $3.63 to $4.00, while outlining multi-year plans and adding about 3 GW to its renewables and storage backlog.
- Shares pulled back roughly 2%–3% after the report following a recent 52-week high, and Wells Fargo initiated coverage with an Overweight rating and a $97 price target.