Key Highlights
- NextEra Energy delivered adjusted EPS of $1.09, exceeding Wall Street’s $0.96 forecast by 13 cents
- GAAP net earnings surged to $2.182 billion versus $833 million in the prior-year period
- NextEra Energy Resources achieved a milestone quarter, securing 4 GW in renewable and storage projects
- Development backlog reached an unprecedented 33 GW, featuring 1.3 GW in battery storage additions
- Full-year 2026 adjusted EPS outlook of $3.92–$4.02 remained unchanged, with 8%+ annual EPS growth projected through 2032
NextEra Energy (NEE) unveiled first-quarter 2026 financial results Thursday that surpassed analyst projections, powered by robust performance in its renewable energy segment and expanding electricity consumption.
The company’s adjusted earnings per share reached $1.09, substantially above the $0.96 consensus estimate compiled by LSEG. This marks a 10% year-over-year improvement from the $0.99 posted during the first quarter of 2025.
GAAP net earnings for the three months concluded March 31 totaled $2.182 billion, equating to $1.04 per share. This represents a dramatic increase compared to $833 million, or $0.40 per share, recorded during Q1 2025.
Overall adjusted earnings climbed to $2.275 billion, compared with $2.038 billion in the corresponding quarter last year.
Florida Power & Light generated earnings of $1.462 billion, representing $0.70 per share, against $1.316 billion, or $0.64 per share, in the same period one year prior.
FPL allocated approximately $3.2 billion toward capital investments throughout the quarter. The utility’s regulatory capital employed expanded roughly 8.8% on a year-over-year basis.
The regulated utility welcomed nearly 100,000 additional customers during the quarter. FPL currently manages over 8.5 GW of solar generation capacity throughout Florida.
Renewables Division Achieves Historic Performance
NextEra Energy Resources emerged as the star performer. The division reported GAAP net earnings of $1.019 billion, translating to $0.49 per share, compared with merely $172 million, or $0.08 per share, during Q1 2025.
Adjusted earnings for the renewable energy segment totaled $1.038 billion, rising from $908 million in the year-earlier quarter.
The business unit delivered its strongest-ever quarterly performance in renewable energy and storage project origination, securing 4 GW of new developments. This total encompassed 1.3 GW in battery storage capacity.
The comprehensive development pipeline now totals approximately 33 GW — a figure that underscores sustained market appetite for additional clean energy infrastructure.
Full-Year Outlook Unchanged
Company leadership preserved its 2026 adjusted EPS guidance range of $3.92–$4.02. The forecast remains unaltered.
NextEra also reinforced its extended-term objective of achieving 8% or greater compound annual growth rate in adjusted EPS extending through 2032.
Regarding dividends, the company upheld its strategy for approximately 10% annual dividend-per-share expansion through 2026. Following year-end 2026 through 2028, the growth target moderates to 6% per year.
Executive leadership addressed the quarterly performance during a live investor webcast held at 9 a.m. ET Thursday. An archived version will remain accessible for 90 days via the corporation’s website.
NEE stock declined 0.66% during Thursday’s trading session as of the afternoon hours.
