Overview
- After Friday's Q2 release, NextEra reported adjusted EPS of $1.15 which beat the $1.11 consensus while quarterly revenue missed at $7.53 billion.
- Florida Power & Light drove regulated results with Q2 net income of $1.41 billion, a 10.2% year-over-year increase that reflects rising customer additions and capital investment.
- NextEra Energy Resources posted a 66.2% jump in segment net income to $1.63 billion and added 3.6 GW of wind, solar and battery projects, growing its development backlog to about 35.1 GW.
- Management reiterated a long-term target of at least 8% annual adjusted EPS growth through 2032 and extended that same target through 2035 while guiding heavy utility capex this year.
- The proposed $66.8 billion Dominion acquisition is in formal regulatory review and faces political scrutiny, creating a material near-term risk to the company’s expansion plans.