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as of 11-13-2026 3:35pm EST

$85.05
$0.42
-0.49%
Stocks Utilities Electric Utilities: Central Nasdaq

NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with nearly 40 GW of generation capacity, including natural gas, nuclear, wind, and solar.

Founded: 1925 Country:
United States
United States
Employees: N/A City: JUNO BEACH
Market Cap: 172.3B IPO Year: 2003
Target Price: $94.00 AVG Volume (30 days): 12.9M
Analyst Decision: Buy Number of Analysts: 22
Dividend Yield:
2.92%
Dividend Payout Frequency: semi-annual
EPS: 1.04 EPS Growth: -2.08
52 Week Low/High: $74.41 - $98.75 Next Earning Date: 10-21-2026
Revenue: $14,256,000,000 Revenue Growth: N/A
Revenue Growth (this year): 11.6% Revenue Growth (next year): 11.92%
P/E Ratio: 82.18 Index:
Free Cash Flow: N/A FCF Growth: N/A

Stock Insider Trading Activity of NextEra Energy Inc. (NEE)

Dunne Michael

EVP, Finance & CFO

Sell
NEE Nov 2, 2026

Avg Cost/Share

$85.00

Shares

6,888

Total Value

$585,480.00

Owned After

64,063

SEC Form 4

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q3

Q3 2026 Earnings

8-K SELL

Oct 21, 2026 · 100% conf.

AI Prediction SELL

1D

-1.35%

$77.37

Act: +4.63%

5D

-2.64%

$76.36

20D

-1.18%

$77.50

Price: $78.43 Prob +5D: 0% AUC: 1.000
0000753308-26-000077

Transcript text not available. View on SEC.gov →

2026
Q2

Q2 2026 Earnings

8-K SELL

Jul 24, 2026 · 100% conf.

AI Prediction SELL

1D

-1.36%

$88.56

Act: -1.06%

5D

-2.56%

$87.49

Act: -3.17%

20D

-0.60%

$89.24

Price: $89.78 Prob +5D: 0% AUC: 1.000
0000753308-26-000058

EX-99

2 neeq22026exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

July 24, 2026

FOR IMMEDIATE RELEASE

NextEra Energy reports second-quarter 2026 financial results

•NextEra Energy delivers strong second-quarter results

•FPL grows regulatory capital employed by approximately 9.3% year-over-year and continues to keep customer bills low while delivering highly reliable electricity

•NextEra Energy Resources has a strong quarter for new renewables and storage origination, adding 3.6 gigawatts to its backlog

•NextEra Energy and Dominion Energy advance proposed combination by filing applications seeking merger approvals

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2026 second-quarter net income attributable to NextEra Energy on a GAAP basis of $3.144 billion, or $1.50 per share, compared to $2.028 billion, or $0.98 per share, for the second quarter of 2025. On an adjusted basis, NextEra Energy's 2026 second-quarter earnings were $2.407 billion, or $1.15 per share, compared to $2.164 billion, or $1.05 per share, in the second quarter of 2025.

"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," said John Ketchum, chairman, president and chief executive officer. "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."

FPL

FPL reported second-quarter 2026 net income of $1.412 billion, or $0.67 per share, compared to $1.275 billion, or $0.62 per share, for the prior-year comparable quarter.

FPL's growth in the second quarter of 2026 was driven primarily by continued disciplined capital investments. FPL's capital expenditures were approximately $2.8 billion for the second quarter, and full-year capital investments are expected to be between $12 billion and $13 billion. Regulatory capital employed increased by approximately 9.3%, compared to the prior-year comparable quarter.

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FPL continues to demonstrate that it can consistently deliver customer affordability and reliability, while serving one of the fastest-growing states in the nation and the world's 14th largest economy. Today, FPL's typical residential bill remains approximately 30% below the national average and is only projected to increase 2% annually on average through the end of the decade. FPL drives consistently low bills through exceptional operational efficiency. FPL’s non-fuel O&M is more than 70% better than the industry average on a dollar-per-megawatt-hour basis. Customers also continue to benefit from top-decile reliability that’s more than 60% better than the national average. During the second quarter, FPL added more than 90,000 customers, compared to the prior-year comparable period.

FPL continues to see very strong interest from hyperscalers and other large customers that value speed to market, reliability and competitive power pricing. FPL has roughly 21 gigawatts (GW) of large-load intere

2026
Q1

Q1 2026 Earnings

8-K

Apr 23, 2026

0000753308-26-000028

EX-99

2 neeq12026exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

April 23, 2026

FOR IMMEDIATE RELEASE

NextEra Energy reports first-quarter 2026 financial results

•NextEra Energy delivers strong first-quarter results

•FPL grows regulatory capital employed by approximately 8.8% year-over-year and continues to keep customer bills low while delivering highly reliable electricity

•NextEra Energy Resources achieves a record quarter for new renewables and storage origination, adding 4 gigawatts to its backlog, including another strong quarter of battery storage origination at 1.3 gigawatts

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2026 first-quarter net income attributable to NextEra Energy on a GAAP basis of $2.182 billion, or $1.04 per share, compared to $833 million, or $0.40 per share, for the first quarter of 2025. On an adjusted basis, NextEra Energy's 2026 first-quarter earnings were $2.275 billion, or $1.09 per share, compared to $2.038 billion, or $0.99 per share, in the first quarter of 2025.

"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," said John Ketchum, chairman, president and chief executive officer. "These results reflect continued strong financial and operational performance across FPL and NextEra Energy Resources as America's electricity demand continues to increase. NextEra Energy builds all forms of energy infrastructure and has experience across the entire energy value chain at massive scale with a balance sheet to back it up. Our customers turn to us because they know we have an unmatched track record of building affordable and reliable energy infrastructure decade after decade. With a service area that spans 49 states and with more than 12 ways to grow, NextEra Energy was built for this seminal moment. Importantly, our forecasted growth is visible and balanced between our regulated and long-term contracted businesses, and we 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 the 2025 base."

FPL

FPL reported first-quarter 2026 net income of $1.462 billion, or $0.70 per share, compared to $1.316 billion, or $0.64 per share, for the prior-year comparable quarter.

FPL's full-year growth primarily was driven by continued smart capital investments. FPL's capital expenditures were approximately $3.2 billion for the first quarter, and full-year capital investments are expected to be between $12 billion and $13 billion. Regulatory capital employed increased by approximately 8.8% over the same quarter last year.

By making smart capital investments that benefit customers and being industry-leading on costs, FPL continues to deliver its strong customer value proposition of high reliability, outstanding customer service and low bills. In the first quarter, FPL added nearly 100,000 customers, compared to the prior-year comparable period. In one of the fastest-growing states and the world's 15th largest economy, FPL is both creating value for its customers and diversifying its generation portfolio by adding cost-effective solar and storage to one of the nation's largest natural gas-fired fleets and four nuclear units that make up the backbone of its generation fleet. This quarter, FPL placed into service approximately 600 megawatts of new cost-effective solar, putting FPL's owned and operated solar portfolio at over 8.5 gigawatts (GW).

Earlier this month, FPL filed its annual Ten-Year Site Plan, detailing its approach to reliably and cost-effectively meet the growing need for electricity in Florida. The plan shows roughly 4 GW of new gas-fired generation complementing over 12 GW of solar and over 7 GW of storage solutions over the next 10 years, which would further diversify FPL's generation fleet. Even with this significant capital investment, FPL's bills are approximately 30%

1

below the national average and only projected to grow, on average, about 2% annually through the end of the decade.

NextEra Energy Resources

NextEra Energy Resources reported first-quarter 2026 net income attributable to NextEra Energy on a GAAP basis of $1.019 billion, or $0.49 per share, compared to $172 million, or $0.08 per share, in the prior-year comparable quarter. On an adjusted basis, NextEra Energy Resources' earnings for the first quarter of 2026 were $1.038 billion, or $0.50 per share, compared to $908 million, or $0.44 per share, for the first quarter of 2025.

NextEra Energy Resources had a record quarter for new renewables and storage origination, adding 4 GW to its backlog, including another strong quarter of battery storage origination at 1.3 GW. With these additions, NextEra Energy Resources' backlog now totals approximately 33 GW after taking into account 0.3 GW of new projects placed into service since the fou

2025
Q4

Q4 2025 Earnings

8-K

Jan 27, 2026

0000753308-26-000007

EX-99

2 neeq42025exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Jan. 27, 2026

FOR IMMEDIATE RELEASE

NextEra Energy reports fourth-quarter and full-year 2025 financial results

•NextEra Energy delivers strong full-year 2025 operational and financial results

•FPL grows regulatory capital employed by approximately 8.1% year-over-year and continues to keep customer bills low while delivering highly reliable electricity

•NextEra Energy Resources achieves another record year of new generation and storage origination, adding approximately 13.5 gigawatts to its backlog, including a record quarter of origination of approximately 3.6 gigawatts

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2025 fourth-quarter net income attributable to NextEra Energy on a GAAP basis of $1.535 billion, or $0.73 per share, compared to $1.203 billion, or $0.58 per share, for the fourth quarter of 2024. On an adjusted basis, NextEra Energy's 2025 fourth-quarter earnings were $1.133 billion, or $0.54 per share, compared to $1.095 billion, or $0.53 per share, in the fourth quarter of 2024.

For the full year 2025, NextEra Energy reported net income attributable to NextEra Energy on a GAAP basis of $6.835 billion, or $3.30 per share, compared to $6.946 billion, or $3.37 per share, in 2024. On an adjusted basis, NextEra Energy's full-year 2025 earnings were $7.683 billion, or $3.71 per share, compared to $7.063 billion, or $3.43 per share, in 2024, which represents year-over-year growth in adjusted earnings per share of approximately 8.2%.

"NextEra Energy delivered strong operational and financial performance in 2025, increasing full-year adjusted earnings per share by more than 8% over 2024 and exceeding the top end of the range we communicated in December," said John Ketchum, chairman, president and chief executive officer. "FPL's new four-year rate agreement enables us to make smart, long-term investments on behalf of our customers so we can continue to deliver some of the nation's most reliable and affordable electricity to power Florida's growth. NextEra Energy Resources had another record year of new generation and storage origination, adding approximately 13.5 gigawatts to its backlog, including our plan to recommission our Duane Arnold nuclear plant, which was enabled by a power purchase agreement with Google. NextEra Energy Resources also brought 7.2 gigawatts of new generation online. Together, FPL and NextEra Energy Resources added around 8.7 gigawatts of new generation and storage projects to power America's growing economy. Looking ahead, our forecasted growth is visible and balanced between our regulated and long-term contracted businesses. We believe there is no company better positioned to build the new energy infrastructure required to reliably and affordably meet America's surging electricity demand. We expect to grow adjusted earnings per share at a compound annual growth rate of 8%+ through 2032 and are targeting the same growth from 2032 through 2035, all off the 2025 base."

FPL

FPL reported fourth-quarter 2025 net income of $958 million, or $0.46 per share, compared to $845 million, or $0.41 per share, for the prior-year comparable quarter. For the full year 2025, FPL reported net income of $5.012 billion, or $2.42 per share, compared to $4.543 billion, or $2.21 per share, in 2024.

FPL's full-year growth primarily was driven by continued smart capital investments. FPL's capital expenditures were approximately $2.1 billion for the fourth quarter of 2025, bringing its full-year capital investments to a total of approximately $8.9 billion. Regulatory capital employed increased by approximately 8.1% for 2025.

By making smart capital investments that benefit customers and being industry-leading on costs, FPL continues to deliver its strong customer value proposition of high reliability, outstanding customer service and low bills. In one of the fastest-growing states and the world's 15th largest economy, FPL is both creating value for its customers and diversifying its generation portfolio by adding cost-effective solar and storage to the nation's largest natural gas-fired

1

fleet and four nuclear units that make up the backbone of its generation fleet. Focused on keeping customer bills low, FPL continuously invests in and executes against its best-in-class operating model. FPL's non-fuel operations and maintenance is more than 71% lower than the industry average, reinforcing FPL's position as the lowest-cost electric utility operator in the country.

Last November, the Florida Public Service Commission approved a four-year rate agreement that allows FPL to continue making smart, necessary infrastructure investments on behalf of its customers, while keeping customer bills well below the national average. FPL expects to invest between $90 billion and $100 billion through 2032 to support Florida’s continued growth, while typical residential customer bil

2025
Q4

Q4 2025 Earnings

8-K

Jan 2, 2026

0000753308-26-000004

nee-20260102

0000753308false00007533082026-01-022026-01-020000753308us-gaap:CommonStockMember2026-01-022026-01-020000753308nee:CorporateUnits7.299Member2026-01-022026-01-020000753308nee:CorporateUnits7.234Member2026-01-022026-01-02

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported:  January 2, 2026

Commission File NumberExact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone numberIRS Employer Identification Number

1-8841NEXTERA ENERGY, INC.59-2449419

700 Universe Boulevard

Juno Beach, Florida 33408

(561) 694-4000

State or other jurisdiction of incorporation or organization:  Florida

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered

Common Stock, $0.01 Par ValueNEENew York Stock Exchange

7.299% Corporate Units

NEE.PRS

New York Stock Exchange

7.234% Corporate Units

NEE.PRT

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

SECTION 2 – FINANCIAL INFORMATION

Item 2.02  Results of Operations and Financial Condition

The information set forth in Item 7.01 below relating to the 2025 results of operations and financial condition of NextEra Energy, Inc. (NEE) is incorporated herein by reference.

SECTION 7 – REGULATION FD

Item 7.01 Regulation FD Disclosure

Members of NEE's senior management team will participate in various investor meetings throughout January 2026. They plan to discuss, among other things, that its adjusted earnings per share expectations through 2032, its long-term growth target from 2032 to 2035 and its dividend per share growth expectations for 2026, 2027 and 2028 remain unchanged.

NEE continues to expect adjusted earnings per share for 2025 and 2026 to be between $3.62 and $3.70 and between $3.92 and $4.02, respectively, and expects compound annual growth in adjusted earnings per share of at least 8% annually through 2032, based on the expected 2025 adjusted earnings per share range. In addition, NEE continues to target long-term adjusted earnings per share growth of at least 8% through 2035, also based on the expected 2025 adjusted earnings per share range.

NEE continues to expect dividends per share growth of approximately 10% annually through 2026, off a 2024 base and expects dividends per share growth of approximately 6% annually for 2027 and 2028, off a 2026 base. Dividend declarations are subject to the discretion of the board of directors of NEE.

This Current Report on Form 8-K refers to adjusted earnings per share expectations. NEE does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, the effects of non-qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments. These items could significantly impact GAAP earnings per share. Expectations regarding adjusted earnings and dividends per share growth and other forward-looking statements assume, among other things: normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind, solar and storage development and construction; market demand for generation development and capacity needs; market demand and policy support for transmission development and expansion; market demand for pipeline capacity; a

2025
Q3

Q3 2025 Earnings

8-K

Oct 28, 2025

0000753308-25-000055

EX-99

2 neeq32025exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Oct. 28, 2025

FOR IMMEDIATE RELEASE

NextEra Energy reports third-quarter 2025 financial results

•NextEra Energy delivers strong third-quarter 2025 results

•FPL grows regulatory capital employed by approximately 8% year-over-year and continues to keep customer bills low while delivering reliable electricity

•NextEra Energy announced new collaboration with Google to accelerate nuclear energy deployment in the U.S., enabling the planned restart of the 615-megawatt Duane Arnold Energy Center in Iowa

•NextEra Energy Resources achieved a strong quarter of new renewables and storage origination, adding 3 gigawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2025 third-quarter net income attributable to NextEra Energy on a GAAP basis of $2.438 billion, or $1.18 per share, compared to $1.852 billion, or $0.90 per share, for the third quarter of 2024. On an adjusted basis, NextEra Energy's 2025 third-quarter earnings were $2.348 billion, or $1.13 per share, compared to $2.127 billion, or $1.03 per share, in the third quarter of 2024.

"NextEra Energy delivered strong third-quarter results, with adjusted earnings per share increasing by 9.7% year-over-year," said John Ketchum, chairman, president and chief executive officer. "We believe the continued strong financial and operational performance at both FPL and NextEra Energy Resources positions us well to meet our overall objectives for the year. Earlier this month, FPL completed its evidentiary hearing on its proposed four-year base rate settlement agreement, which would support continued smart capital investments through 2029, while keeping typical residential customer bills well below the current national average and 20% lower than they were 20 years ago when adjusted for inflation.

"And I'm very excited about our announcement yesterday of a two-pronged collaboration with Google that we believe will strengthen U.S. leadership in nuclear power. Importantly, the cornerstone of this new collaboration will enable us to continue with the recommissioning of our 615-megawatt Duane Arnold Energy Center, putting us on a path to bring Iowa’s only nuclear plant back online. We have also entered into an agreement with Google to explore new advanced nuclear capacity to be deployed in the U.S. These efforts with Google are laying the foundation for creating thousands of jobs, invigorating Iowa’s economy, delivering long-term value to our shareholders and helping power our nation's future with innovation and technology.

"We believe we are well positioned to continue delivering for our customers and shareholders, and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported third-quarter 2025 net income of $1.463 billion, or $0.71 per share, compared to $1.293 billion, or $0.63 per share, for the prior-year comparable quarter. FPL's growth in the third quarter of 2025 primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2.5 billion for the quarter, and full-year capital investments are expected to be between $9.3 billion and $9.8 billion. Regulatory capital employed increased by approximately 8% over the same quarter last year.

By making smart capital investments for the benefit of customers and being best-in-class on costs, FPL continues to deliver its strong customer value proposition of high reliability, outstanding customer service and low bills. In one of the nation's fastest-growing states and the world's 16th largest economy, FPL is both creating value for its customers and diversifying its generation fleet by adding cost-effective solar and storage to the nation's largest gas-fired fleet and its four nuclear units that make up the backbone of its generation fleet.

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On Feb. 28, FPL initiated its 2025 base rate proceeding for new rates, effective in January 2026. FPL reached a proposed settlement agreement in August with most of the intervenors in the proceeding, reflecting a broad set of constituents across its customer base. FPL believes the proposed settlement is fair, balanced and constructive, and supports its continued ability to provide highly reliable, low-cost service for its customers through the end of the decade. If the proposed agreement is approved, a typical residential customer bill would only increase about 2% on average between 2025 and 2029. This means bills would remain well below the current national average, providing FPL customers with the economic certainty that comes from a four-year base rate agreement. FPL completed evidentiary hearings earlier this month and expects the Florida Public Service Commission to provide a final decision on the propose

2025
Q2

Q2 2025 Earnings

8-K

Jul 23, 2025

0000753308-25-000039

EX-99

2 neeq22025exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

July 23, 2025

FOR IMMEDIATE RELEASE

NextEra Energy reports second-quarter 2025 financial results

•NextEra Energy delivers strong second-quarter 2025 results

•FPL grows regulatory capital employed by nearly 8% year-over-year and continues to keep customer bills low while delivering reliable electricity

•NextEra Energy Resources achieves a strong quarter of new renewables and storage origination, adding 3.2 gigawatts to its backlog, including over 1 gigawatt serving hyperscalers

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2025 second-quarter net income attributable to NextEra Energy on a GAAP basis of $2.028 billion, or $0.98 per share, compared to $1.622 billion, or $0.79 per share, for the second quarter of 2024. On an adjusted basis, NextEra Energy's 2025 second-quarter earnings were $2.164 billion, or $1.05 per share, compared to $1.968 billion, or $0.96 per share, in the second quarter of 2024.

"NextEra Energy delivered strong second-quarter results with adjusted earnings per share increasing by 9.4% year-over-year," said John Ketchum, chairman, president and chief executive officer. "We believe the continued strong financial and operational performance at both FPL and NextEra Energy Resources positions us well to meet our overall objectives for the year. During the quarter, FPL continued to invest in its business to serve Florida's growing population while keeping reliability high and rates low. NextEra Energy Resources had a strong origination quarter, adding 3.2 gigawatts of new renewables and storage to its backlog. We believe we are well positioned to continue delivering for our customers and shareholders and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported second-quarter 2025 net income of $1.275 billion, or $0.62 per share, compared to $1.232 billion, or $0.60 per share, for the prior-year comparable quarter. FPL's growth in the second quarter of 2025 primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2 billion for the quarter, and full-year capital investments are expected to be between $8 billion and $8.8 billion. Regulatory capital employed increased by nearly 8% over the same quarter last year.

FPL continues to focus on running the business efficiently and delivering on its strong customer value proposition, which is anchored in making smart capital investments for the benefit of customers, being an industry leader in costs, and delivering high reliability and outstanding customer service while keeping bills low. Serving its customers with a diversified energy mix, FPL continues to operate and invest in the nation's largest gas-fired fleet along with four nuclear units in Florida, which provides the company the flexibility to leverage cost-effective solar and storage to meet the significant demand from the state's growing population.

Last week, the Florida Supreme Court concluded that state regulators properly approved FPL's 2021 settlement agreement by affirming the Florida Public Service Commission's (PSC) Final and Supplemental Final Orders.

On Feb. 28, 2025, FPL initiated its 2025 base rate proceeding. The proposed four-year base rate plan would support continued, long-term investments in cost-effective generation, long-term infrastructure and advanced technology, which improves reliability and helps keep customer bills low. Today, FPL's typical residential bills remain well below the national average and among the lowest of the top 20 investor-owned utilities in the nation. A technical

1

hearing at the Florida PSC is scheduled next month, and FPL expects a final decision in the fourth quarter. If state regulators approve FPL's plan, a typical FPL residential bill would grow at an annual average rate of just 2.5% from 2025 through 2029 and remain approximately 20% below the projected national average.

NextEra Energy Resources

NextEra Energy Resources reported second-quarter 2025 net income attributable to NextEra Energy on a GAAP basis of $983 million, or $0.48 per share, compared to net income attributable to NextEra Energy of $552 million, or $0.27 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the second quarter of 2025 were $1,091 million, or $0.53 per share, compared to $865 million, or $0.42 per share, for the second quarter of 2024.

NextEra Energy Resources had a strong quarter for new renewables and storage origination, adding 3.2 gigawatts (GW) to its backlog, including over 1 GW serving hyperscalers. With these additions, NextEra Energy Resources' backlog now totals nearly 30 GW after taking into account more than 1.1 GW of new

2025
Q1

Q1 2025 Earnings

8-K

Apr 23, 2025

0000753308-25-000021

EX-99

2 neeq12025exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

April 23, 2025

FOR IMMEDIATE RELEASE

NextEra Energy reports first-quarter 2025 financial results

•NextEra Energy delivers strong first-quarter 2025 results

•FPL grows regulatory capital employed by approximately 8.1% year-over-year and continues to keep customer bills low while delivering reliable electricity

•NextEra Energy Resources achieves a strong quarter of new renewables and storage origination, adding approximately 3.2 gigawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2025 first-quarter net income attributable to NextEra Energy on a GAAP basis of $833 million, or $0.40 per share, compared to $2,268 million, or $1.10 per share, for the first quarter of 2024. On an adjusted basis, NextEra Energy's 2025 first-quarter earnings were $2.038 billion, or $0.99 per share, compared to $1.873 billion, or $0.91 per share, in the first quarter of 2024.

"NextEra Energy is off to a strong start for the year, increasing adjusted earnings per share by nearly 9% year-over year – the direct result of continued solid financial and operational performance at both our businesses," said John Ketchum, chairman, president and chief executive officer. "During the quarter, FPL continued to deliver on its customer value proposition and filed its four-year rate plan, which is designed to support continued smart, customer-centric investments in Florida that drive high reliability and low bills. Amid strong demand across all sectors of the U.S. economy, NextEra Energy Resources had a strong origination quarter, adding approximately 3.2 gigawatts of new renewables and storage to its backlog. We believe we are well positioned to continue delivering for our customers and our shareholders and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported first-quarter 2025 net income of $1.316 billion, or $0.64 per share, compared to $1.172 billion, or $0.57 per share, for the prior-year comparable quarter. FPL's growth in the first quarter of 2025 primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2.4 billion for the quarter, and full-year capital investments are expected to be between $8 billion and $8.8 billion. Regulatory capital employed increased by approximately 8.1% over the same quarter last year.

FPL continues to focus on running the business efficiently and delivering on its strong customer value proposition, which is anchored in making smart capital investments for the benefit of customers, being an industry leader in costs, and delivering high reliability and outstanding customer service while keeping bills low. During the first quarter, FPL placed into service 894 megawatts of new, cost-effective solar, putting FPL's owned and operated solar portfolio at over 7.9 gigawatts (GW), which is the largest utility-owned solar portfolio in the country.

In February, FPL submitted a comprehensive four-year request to the Florida Public Service Commission (PSC) to set new rates once its current base rate agreement concludes at the end of this year. The proposal, covering 2026 through 2029, would enable FPL to continue to deliver some of the nation's most reliable electricity, provide excellent customer service and diversify its generation resources. Consistent with the test year letter filed last December, FPL is requesting a base rate adjustment of approximately $1.545 billion starting in January 2026, $927 million in January 2027 and a Solar & Battery Base Rate Adjustment mechanism to recover revenue requirements for solar and battery storage projects in 2028 and 2029. With the proposed base rate adjustments and current projections for fuel and other costs, FPL believes its typical residential customer bill would grow at an average

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annual rate of about 2.5% from January 2025 through the end of 2029, which is expected to result in its typical residential bill being approximately 25% below the projected national average and more than 20% lower than its typical bills 20 years ago when adjusted for inflation.

In April, FPL filed its Ten-Year Site Plan with the Florida PSC. The 2025 plan projects the need for over 17 GW of cost-effective solar generation across the service territory over the next 10 years and the deployment of over 7.6 GW of battery storage. With this plan, FPL expects to increase solar from approximately 9% of its total generation in 2024 to approximately 35% in 2034.

NextEra Energy Resources

NextEra Energy Resources reported first-quarter 2025 net income attributable to NextEra Energy on a GAAP basis of $172 million, or $0.08 per share, compared to net income attributable to NextEra Energy of $966 million, or

2024
Q4

Q4 2024 Earnings

8-K

Jan 24, 2025

0000753308-25-000003

EX-99

2 neeq42024exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Jan. 24, 2025

FOR IMMEDIATE RELEASE

NextEra Energy reports fourth-quarter and full-year 2024 financial results

•NextEra Energy delivers strong full-year 2024 financial and operational results

•FPL grows regulatory capital employed by approximately 10% year-over-year and continues to keep customer bills as low as possible while delivering reliable electricity

•NextEra Energy Resources achieves another record year of new renewables and storage origination, adding more than 12 gigawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2024 fourth-quarter net income attributable to NextEra Energy on a GAAP basis of $1.203 billion, or $0.58 per share, compared to $1.210 billion, or $0.59 per share, for the fourth quarter of 2023. On an adjusted basis, NextEra Energy's 2024 fourth-quarter earnings were $1.095 billion, or $0.53 per share, compared to $1.067 billion, or $0.52 per share, in the fourth quarter of 2023.

For the full year 2024, NextEra Energy reported net income attributable to NextEra Energy on a GAAP basis of $6.946 billion, or $3.37 per share, compared to $7.310 billion, or $3.60 per share, in 2023. On an adjusted basis, NextEra Energy's full-year 2024 earnings were $7.063 billion, or $3.43 per share, compared to $6.441 billion, or $3.17 per share, in 2023, which represents year-over-year growth in adjusted earnings per share of approximately 8.2%.

"NextEra Energy had an excellent year of execution in 2024, growing full-year adjusted earnings per share by more than 8% over 2023 and once again achieving the top end of our adjusted earnings per share expectations range," said John Ketchum, chairman, president and chief executive officer. "Continuing our track record of providing long-term value for shareholders, we have delivered compound annual growth in adjusted earnings per share of more than 10% since 2021 and of approximately 10% over the past 10 years, both of which are the highest among all top-10 power companies. NextEra Energy generates more electricity and invests more in energy infrastructure than any other company in the U.S. and in 2024 placed into service roughly 8.7 gigawatts of new renewables and storage projects, expanding our leadership in power generation. With experience in every part of the energy value chain and a track record of delivering for our customers and shareholders, we believe NextEra Energy is well positioned to capitalize on the opportunity set that lies ahead and the increased power demand that is happening now in the U.S. Given the strength of both of our businesses, we will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported fourth-quarter 2024 net income on a GAAP basis of $845 million, or $0.41 per share, compared to $1,146 million, or $0.56 per share, for the prior-year comparable quarter. On an adjusted basis, FPL's 2024 fourth-quarter earnings were $845 million, or $0.41 per share, compared to $846 million, or $0.41 per share, in the prior-year comparable quarter. For the full year 2024, FPL reported net income on a GAAP basis of $4.543 billion, or $2.21 per share, compared to $4.552 billion, or $2.24 per share, in 2023. On an adjusted basis, FPL's full-year 2024 earnings were $4.543 billion, or $2.21 per share, compared to $4.251 billion, or $2.09 per share, in 2023.

FPL's full-year growth primarily was driven by continued smart capital investments and innovation. FPL's capital expenditures were approximately $1.8 billion for the fourth quarter of 2024, bringing its full-year capital investments to a total of approximately $8.2 billion. Regulatory capital employed increased by approximately 10% for 2024. In

1

2024, FPL's capital investments supported the successful commissioning of roughly 2.2 gigawatts (GW) of new, cost-effective solar and the continued hardening of its grid and its efforts to underground its distribution system.

FPL continues to focus on running the business efficiently and delivering on its strong customer value proposition, which is anchored in providing a typical residential customer bill that is nearly 40% below the national average and maintaining top-decile reliability. FPL's smart capital investments in low-cost solar generation and battery storage are continuing to reduce its overall fuel cost and, when combined with generation modernizations, have saved customers nearly $16 billion since 2001. FPL's best-in-class non-fuel O&M cost per customer is 50% better than the second best in its peer group of large utilities, saving customers over $24 each month on a typical 1,000-kilowatt-hour residential customer bill, compared to an average-performing utility.

In December 2024, FPL filed a test y

2024
Q3

Q3 2024 Earnings

8-K

Oct 23, 2024

0000753308-24-000055

EX-99

2 neeq32024exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Oct. 23, 2024

FOR IMMEDIATE RELEASE

NextEra Energy reports third-quarter 2024 financial results

•NextEra Energy delivers strong third-quarter 2024 results

•FPL grows regulatory capital employed by approximately 9.5% year-over-year

•NextEra Energy Resources adds approximately 3 gigawatts of new renewables and storage projects to its backlog and enters into incremental framework agreements with two Fortune 50 companies

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2024 third-quarter net income attributable to NextEra Energy on a GAAP basis of $1.852 billion, or $0.90 per share, compared to $1.219 billion, or $0.60 per share, for the third quarter of 2023. On an adjusted basis, NextEra Energy's 2024 third-quarter earnings were $2.127 billion, or $1.03 per share, compared to $1.920 billion, or $0.94 per share, in the third quarter of 2023.

"NextEra Energy delivered strong third-quarter results, increasing adjusted earnings per share by approximately 10% year-over-year, reflecting continued solid financial and operational performance at both our businesses," said John Ketchum, chairman, president and chief executive officer. "Over the last several weeks, our customers in Florida have been affected by Hurricanes Helene and Milton, and our thoughts go out to all those impacted. FPL's valuable investments in hardening and smart-grid technology prevented hundreds of thousands of outages, and together with the efforts of our team and mutual assistance partners, we restored service to roughly 95% of affected customers after the second full day of restoration after Hurricane Helene's landfall and after the fourth full day of restoration after Hurricane Milton's landfall. For the second consecutive quarter, NextEra Energy Resources added approximately 3 gigawatts of new renewables and storage projects to its backlog, delivering another strong renewables origination quarter. We are also pleased to announce incremental framework agreements with two Fortune 50 customers for the potential development of renewables and storage projects, totaling up to 10.5 gigawatts between now and 2030. The continued strong performance of our businesses and our scale, experience and technology will allow us to capitalize on the opportunity that increased power demand is bringing to our sector. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported third-quarter 2024 net income of $1.293 billion, or $0.63 per share, compared to $1.183 billion, or $0.58 per share, for the prior-year comparable quarter. FPL's growth in the third quarter primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2 billion for the quarter, and full-year capital investments are expected to be between $8 billion and $8.8 billion. Regulatory capital employed increased by approximately 9.5% year-over-year.

FPL continued executing against its capital plan and delivering on its strong customer value proposition, which is anchored in providing customer bills that are nearly 40% below the national average and maintaining top-decile reliability. FPL's smart capital investments in low-cost solar generation and battery

1

storage are continuing to reduce its overall fuel cost and, when combined with generation modernizations, have saved customers nearly $16 billion since 2001. FPL is delivering best-in-class non-fuel O&M that is 70% better than the national average, saving customers $3 billion every year compared to the average utility.

For nearly two decades, FPL has significantly invested in building a stronger, smarter and more storm-resilient grid. The performance of the system during Hurricanes Helene and Milton demonstrates that FPL's hardening, undergrounding, automation and smart grid investments are providing significant benefits to customers. Hurricane Helene, one of the most destructive hurricanes to ever make landfall in the continental U.S., caused approximately 680,000 FPL customers to lose power. Hurricane Milton, which produced numerous tornadoes, widespread flooding and hurricane-force winds that tore across Florida, resulted in outages for approximately 2 million FPL customers. FPL restored service to roughly 95% of affected customers after the second full day of restoration following Hurricane Helene's landfall and after the fourth full day of restoration following Hurricane Milton's landfall. Initial performance data shows that FPL's underground distribution power lines performed more than six times better in terms of outage rates than existing overhead distribution power lines in Florida. FPL's generation fleet, including its solar sites, sustained no significant damage. D

2024
Q2

Q2 2024 Earnings

8-K

Jul 24, 2024

0000753308-24-000048

EX-99

2 neeq22024exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

July 24, 2024

FOR IMMEDIATE RELEASE

NextEra Energy reports second-quarter 2024 financial results

•NextEra Energy delivers strong second-quarter 2024 results

•FPL grows regulatory capital employed by approximately 10.7% year-over-year

•NextEra Energy Resources adds more than 3,000 megawatts of new renewables and storage projects to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2024 second-quarter net income attributable to NextEra Energy on a GAAP basis of $1.622 billion, or $0.79 per share, compared to $2.795 billion, or $1.38 per share, for the second quarter of 2023. On an adjusted basis, NextEra Energy's 2024 second-quarter earnings were $1.968 billion, or $0.96 per share, compared to $1.777 billion, or $0.88 per share, in the second quarter of 2023.

"NextEra Energy delivered strong second-quarter results, increasing adjusted earnings per share by more than 9% year-over-year, reflecting continued solid financial and operational performance at both our businesses," said John Ketchum, chairman, president and chief executive officer. "At FPL, we continued to invest to support strong customer growth, while keeping O&M low and reliability high. At NextEra Energy Resources, we had our second-best origination quarter ever, adding more than 3,000 megawatts of new renewables and storage projects to our backlog, including 860 megawatts which come from agreements with Google to meet its data center power demand. Both businesses are benefiting from strong tailwinds, which are creating opportunities to replace less efficient and more expensive power generation, as well as add new generation to meet growing power demand across sectors. Our competitive advantages – scale, experience and technology – position us to be at the center of these opportunities. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported second-quarter 2024 net income of $1.232 billion, or $0.60 per share, compared to $1.152 billion, or $0.57 per share, for the prior-year comparable quarter. FPL's growth in the second quarter primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2.1 billion for the quarter, and full-year capital investments are expected to be between $8.0 billion and $8.8 billion. Regulatory capital employed increased by approximately 10.7% year-over-year.

FPL continued to execute against its capital plan and deliver outstanding value to its customers in one of the fastest-growing states in the nation. Through its generation modernization efforts and solar portfolio build-out, which continues to be the largest owned and operated solar portfolio in the country, FPL has saved its customers nearly $16 billion in fuel costs since 2001. In addition, FPL delivers reliability that is 66% better than the national average. FPL's residential bills are nearly 40% below the national average and the lowest among all the Florida investor-owned utilities.

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NextEra Energy Resources

NextEra Energy Resources reported second-quarter 2024 net income attributable to NextEra Energy on a GAAP basis of $552 million, or $0.27 per share, compared to $1.462 billion, or $0.72 per share, in the prior-year comparable quarter. On an adjusted basis, NextEra Energy Resources' earnings for the second quarter of 2024 were $865 million, or $0.42 per share, compared to $781 million, or $0.39 per share, for the second quarter of 2023.

NextEra Energy Resources had its second-best quarter for new renewables and storage origination, beating last quarter's performance and adding more than 3,000 megawatts (MW) to its backlog, 860 MW of which come from agreements with Google to meet its data center power demand. With these additions, NextEra Energy Resources' backlog now totals roughly 22.6 gigawatts after taking into account more than 1,600 MW of new projects placed into service since the first-quarter 2024 financial results call in April.

Corporate and Other

In the second quarter of 2024 on a GAAP basis, Corporate and Other results decreased $0.17 per share, compared to the prior-year comparable quarter. On an adjusted basis, Corporate and Other results for the second quarter of 2024 increased by $0.02, compared to the prior-year comparable quarter.

Outlook

NextEra Energy's long-term financial expectations, which were extended last month at the investor conference, remain unchanged. For 2024, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.23 to $3.43. For 2025, 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.45 to $3.70, $3.63 to $4.00 and $3.85 to $4.32, respectively. NextEra Energy al

2024
Q1

Q1 2024 Earnings

8-K

Apr 23, 2024

0000753308-24-000021

EX-99

2 neeq12024exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

April 23, 2024

FOR IMMEDIATE RELEASE

NextEra Energy reports first-quarter 2024 financial results

•NextEra Energy delivers strong first-quarter 2024 results

•FPL remains focused on executing its capital plan and providing best-in-class reliability while keeping customer bills low

•NextEra Energy Resources adds approximately 2,765 megawatts of new renewables and storage projects to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2024 first-quarter net income attributable to NextEra Energy on a GAAP basis of $2.268 billion, or $1.10 per share, compared to $2.086 billion, or $1.04 per share, for the first quarter of 2023. On an adjusted basis, NextEra Energy's 2024 first-quarter earnings were $1.873 billion, or $0.91 per share, compared to $1.678 billion, or $0.84 per share, in the first quarter of 2023.

"NextEra Energy delivered strong first-quarter results, growing adjusted earnings per share by approximately 8.3% year-over-year," said John Ketchum, chairman, president and chief executive officer. "Both FPL and NextEra Energy Resources delivered solid financial and operating performances to start off the year. FPL placed into service 1,640 megawatts of new, cost-effective solar, while NextEra Energy Resources added approximately 2,765 megawatts of new renewables and storage to its backlog, marking its second-best origination quarter ever and its best quarter for both solar and storage origination. Our two businesses are well positioned to meet future power demand with renewables, storage and transmission, while leveraging our combination of enterprise-wide scale, decades of experience and investment in technology to drive long-term value for customers and shareholders. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2026, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported first-quarter 2024 net income of $1.172 billion, or $0.57 per share, compared to $1.070 billion, or $0.53 per share, for the prior-year quarter. As America's largest utility, FPL's growth in the first quarter of 2024 primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2.3 billion for the quarter, and full-year capital investments are expected to be between $7.8 billion and $8.8 billion. Regulatory capital employed increased by approximately 11.5% over the same quarter last year. FPL had its strongest quarter of customer growth in over 15 years with the average number of customers increasing by more than 100,000 from the comparable prior-year quarter.

FPL continued to execute against its capital plan and deliver outstanding value to its customers in one of the fastest-growing states in the nation. During the first quarter, FPL placed into service approximately 1,640 megawatts (MW) of new, cost-effective solar, putting FPL's owned and operated solar portfolio at over 6,400 MW, which is the largest utility-owned solar portfolio in the country.

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With a focus on delivering clean, affordable energy, FPL received approval earlier this month to reduce customer bills due to projected 2024 fuel savings, which will result in a typical 1,000-kilowatt-hour residential customer bill that is approximately 37% lower than the national average.

Also in April, FPL filed its Ten-Year Site Plan, which calls for roughly 21 gigawatts (GW) of solar and over 4 GW of storage. With this plan, FPL expects to increase its solar from approximately 6% of its total generation in 2023 to 38% in 2033, while doubling the expected deployment of battery storage.

NextEra Energy Resources

NextEra Energy Resources reported first-quarter 2024 net income attributable to NextEra Energy on a GAAP basis of $966 million, or $0.47 per share, compared to $1.440 billion, or $0.72 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the first quarter of 2024 were $828 million, or $0.40 per share, compared to $732 million, or $0.36 per share, for the first quarter of 2023.

NextEra Energy Resources had its second-best quarter in its history for new renewables and storage origination, adding approximately 2,765 MW to its backlog, as well as its best quarter ever for both solar and storage origination. NextEra Energy Resources added approximately 1,545 MW of solar, 145 MW of wind, 1,025 MW of storage and 50 MW of wind repowering to its backlog. With these additions, NextEra Energy Resources' backlog now totals roughly 21.5 GW after taking into account roughly 1,165 MW of new projects placed into service since the fourth-quarter and full-year 2023 financial results call in January.

Corporate and Other

In the first quarter of 2024 on a GAAP basis, Corporate and Other results increased $0.27 per

2023
Q4

Q4 2023 Earnings

8-K

Jan 25, 2024

0000753308-24-000002

EX-99

2 neeq42023exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Jan. 25, 2024

FOR IMMEDIATE RELEASE

NextEra Energy reports fourth-quarter and full-year 2023 financial results

•NextEra Energy delivers strong full-year 2023 financial and operational results

•FPL remains focused on executing its capital plan and providing outstanding value to customers by building on its best-in-class reliability and keeping bills affordable

•NextEra Energy Resources had a record year of new renewables and storage origination, adding approximately 9,000 megawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2023 fourth-quarter net income attributable to NextEra Energy on a GAAP basis of $1.210 billion, or $0.59 per share, compared to $1.522 billion, or $0.76 per share, for the fourth quarter of 2022. On an adjusted basis, NextEra Energy's 2023 fourth-quarter earnings were $1.067 billion, or $0.52 per share, compared to $1.011 billion, or $0.51 per share, in the fourth quarter of 2022.

For the full year 2023, NextEra Energy reported net income attributable to NextEra Energy on a GAAP basis of $7.310 billion, or $3.60 per share, compared to $4.147 billion, or $2.10 per share, in 2022. On an adjusted basis, NextEra Energy's full-year 2023 earnings were $6.441 billion, or $3.17 per share, compared to $5.742 billion, or $2.90 per share, in 2022, which represents year-over-year growth in adjusted earnings per share of approximately 9.3%.

"NextEra Energy had an excellent year of execution in 2023, growing full-year adjusted earnings per share by more than 9% over 2022," said John Ketchum, chairman, president and chief executive officer. "Due to strong operational and financial performance at both FPL and NextEra Energy Resources, we exceeded the high end of our adjusted earnings per share expectations range and continued our track record of providing long-term value for shareholders. FPL continues to deliver for its customers with a focus on keeping bills affordable, delivering exceptional reliability and executing its well-established capital plan. NextEra Energy Resources had its best-ever year of new renewables and storage origination, adding approximately 9,000 megawatts to its backlog. Given the strength of both businesses, we will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2026, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported fourth-quarter 2023 net income on a GAAP basis of $1,146 million, or $0.56 per share, compared to $763 million, or $0.38 per share, for the prior-year quarter. On an adjusted basis, FPL's 2023 fourth-quarter earnings were $846 million, or $0.41 per share, compared to $763 million, or $0.38 per share, in the prior-year quarter. For the full year 2023, FPL reported net income on a GAAP basis of $4.552 billion or $2.24 per share, compared to $3.701 billion, or $1.87 per share, in 2022. On an adjusted basis, FPL's full-year 2023 earnings were $4.251 billion, or $2.09 per share, compared to $3.701 billion, or $1.87 per share, in 2022.

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As America's largest electric utility, FPL's full-year growth primarily was driven by continued investment in the business. During 2023, FPL continued to execute against its capital plan and deliver outstanding value to its customers in one of the fastest-growing states in the nation. FPL's capital expenditures were approximately $2 billion for the fourth quarter of 2023, bringing its full-year capital investments to a total of roughly $9.4 billion. Regulatory capital employed increased by approximately 12.5% for 2023. During the fourth quarter of 2023, FPL's average number of customers increased by nearly 81,000 from the prior-year comparable quarter.

In 2023, FPL placed into service approximately 1,200 megawatts (MW) of cost-effective solar and, over the term of its current rate agreement, expects to add roughly 4,800 MW of solar. In addition, FPL's 25-MW hydrogen pilot at the Okeechobee Clean Energy Center successfully achieved commercial operations in December.

NextEra Energy Resources

NextEra Energy Resources reported fourth-quarter 2023 net income attributable to NextEra Energy on a GAAP basis of $885 million, or $0.43 per share, compared to $996 million, or $0.50 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the fourth quarter of 2023 were $361 million, or $0.18 per share, compared to $402 million, or $0.20 per share, for the fourth quarter of 2022.

For the full year 2023, NextEra Energy Resources reported net income attributable to NextEra Energy on a GAAP basis of $3.558 billion, or $1.75 per share, compared to $285 million, or $0.14 per share, in 2022. On an adjusted basis, NextEra Energy Resources' earnings for the full year 2023 were $2.757 billion, or $1.36 per share, comp

2023
Q3

Q3 2023 Earnings

8-K

Oct 24, 2023

0000753308-23-000053

EX-99

2 neeq32023exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Oct. 24, 2023

FOR IMMEDIATE RELEASE

NextEra Energy reports third-quarter 2023 financial results

•NextEra Energy delivers strong third-quarter 2023 results

•FPL remains focused on providing outstanding service to customers, keeping bills affordable and executing against its well-established capital plan

•NextEra Energy Resources adds approximately 3,245 megawatts of new renewables and storage projects to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2023 third-quarter net income attributable to NextEra Energy on a GAAP basis of $1,219 million, or $0.60 per share, compared to $1,696 million, or $0.86 per share, for the third quarter of 2022. On an adjusted basis, NextEra Energy's 2023 third-quarter earnings were $1,920 million, or $0.94 per share, compared to $1,683 million, or $0.85 per share, in the third quarter of 2022.

"NextEra Energy continued its strong execution during the third quarter and has delivered adjusted earnings per share growth of approximately 10.8% through three quarters," said John Ketchum, chairman, president and chief executive officer. "FPL continues to execute against its well-established capital plan to enhance what we believe is one of the best customer value propositions in the industry. NextEra Energy Resources had its best renewables and storage origination quarter in its history, adding approximately 3,245 megawatts to its backlog, which now totals over 21 gigawatts, net of projects placed in service. On the strength of both businesses, we are confident that our culture of continuous improvement, innovation and financial discipline, combined with our competitive advantages and strong balance sheet, positions us to continue creating long-term value for our customers and shareholders. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2026, while maintaining our strong balance sheet and credit ratings."

FPL

FPL reported third-quarter 2023 net income of $1,183 million, or $0.58 per share, compared to $1,074 million, or $0.54 per share, for the prior-year comparable quarter. As America's largest electric utility, FPL's growth in the third quarter of 2023 was principally driven by continued investment in the business. FPL's capital expenditures were approximately $2.6 billion for the third quarter of 2023, and full-year capital investments are expected to be between $9 billion and $9.5 billion. Regulatory capital employed increased by approximately 13.6% over the same quarter last year. FPL's average number of customers increased by 65,000 from the prior-year comparable quarter.

In the quarter, FPL continued to execute against its capital plan and deliver outstanding value to its customers in one of the fastest-growing states in the nation. With bills well below the national average, FPL remains focused on reliability and running the business efficiently.

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NextEra Energy Resources

NextEra Energy Resources reported third-quarter 2023 net loss attributable to NextEra Energy on a GAAP basis of $230 million, or $0.11 per share, compared to net income attributable to NextEra Energy of $655 million, or $0.33 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the third quarter of 2023 were $882 million, or $0.43 per share, compared to $729 million, or $0.37 per share, for the third quarter of 2022.

NextEra Energy Resources delivered a record quarter of new renewables and storage origination, adding approximately 3,245 megawatts (MW) to its backlog since the release of the second-quarter 2023 financial results in July. NextEra Energy Resources added approximately 1,485 MW of solar, 400 MW of wind, 905 MW of storage and 455 MW of wind repowering. NextEra Energy Resources' backlog stands at over 21 gigawatts after taking into account roughly 1,025 MW of new projects placed into service since the release of the second-quarter financial results.

NextEra Energy Resources' third-quarter GAAP results include an approximately $0.9 billion after-tax impairment of its investment in NextEra Energy Partners, LP. In 2018, NextEra Energy Resources recorded an after-tax gain of approximately $3 billion when NextEra Energy Partners was deconsolidated. Both the gain in 2018 and loss in 2023 have been excluded from adjusted earnings.

Corporate and Other

In the third quarter of 2023 on a GAAP basis, Corporate and Other results increased $0.14 per share, compared to the prior-year quarter. On an adjusted basis, Corporate and Other results for the third quarter of 2023 decreased $0.01 per share, compared to the prior-year quarter.

Outlook

NextEra Energy's long-term financial expectations remain unchanged. For 2023 and 2024, NextEra Energy continues to expect adjusted earnings per share to be

2023
Q2

Q2 2023 Earnings

8-K

Jul 25, 2023

0000753308-23-000042

EX-99

2 neeq22023exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

July 25, 2023

FOR IMMEDIATE RELEASE

NextEra Energy reports second-quarter 2023 financial results

•NextEra Energy delivers solid second-quarter 2023 results

•FPL continues to deploy capital to benefit customers, increasing regulatory capital employed by more than 12% year over year

•NextEra Energy Resources remains on track, adding approximately 1,665 megawatts of new renewables and storage projects to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2023 second-quarter net income attributable to NextEra Energy on a GAAP basis of $2,795 million, or $1.38 per share, compared to net income attributable to NextEra Energy of $1,380 million, or $0.70 per share, for the second quarter of 2022. On an adjusted basis, NextEra Energy's 2023 second-quarter earnings were $1,777 million, or $0.88 per share, compared to $1,593 million, or $0.81 per share, in the second quarter of 2022.

"NextEra Energy continued its solid execution with adjusted earnings per share growth of approximately 8.6% for the second quarter and 11% for the first half of the year," said John Ketchum, chairman, president and chief executive officer. "FPL is executing its well-established capital investment plan for the benefit of customers, with a focus on deploying cost-effective solar and improving reliability through our investments in our transmission and distribution system while keeping customer bills affordable. NextEra Energy Resources added approximately 1,665 megawatts of new renewables and storage projects to its backlog, which now totals roughly 20 gigawatts, net of projects placed in service. Due to our continued strong execution and visible earnings growth across both businesses, we remain confident in our long-term growth prospects. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2026 while at the same time maintaining our strong balance sheet and credit ratings."

FPL

FPL reported second-quarter 2023 net income of $1,152 million, or $0.57 per share, compared to $989 million, or $0.50 per share, for the prior-year comparable quarter. As America's largest electric utility, FPL's growth in the second quarter of 2023 was principally driven by continued investment in the business. FPL's capital expenditures were approximately $2.5 billion for the second quarter of 2023 and full-year capital investments are now expected to be between $8.5 billion and $9.5 billion. Regulatory capital employed increased by approximately 12.1% over the same quarter last year. FPL's average number of customers increased by more than 66,000 from the prior-year comparable quarter.

During the second quarter, FPL successfully executed on its strategic initiatives, placing in service approximately 225 megawatts (MW) of cost-effective solar, bringing the total 2023 solar additions to nearly 1,200 MW. Longer term, FPL continues to expect capital investments of between $32 billion to $34 billion from 2022 through 2025, with approximately $10 billion invested in new solar generation and approximately $14 billion to $16 billion invested in transmission and distribution infrastructure. By executing on smart capital investments and running the business efficiently, FPL is able to maintain its best-in-class customer value proposition of low bills, high reliability and outstanding customer service.

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NextEra Energy Resources

NextEra Energy Resources reported second-quarter 2023 net income attributable to NextEra Energy on a GAAP basis of $1,462 million, or $0.72 per share, compared to $133 million, or $0.07 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the second quarter of 2023 were $781 million, or $0.39 per share, compared to $683 million, or $0.35 per share, for the second quarter of 2022.

NextEra Energy Resources delivered another solid quarter of renewables and storage origination, adding approximately 1,665 MW of new renewables and storage to its backlog since the release of the first-quarter 2023 financial results in April. NextEra Energy Resources added approximately 1,215 MW of solar, 150 MW of wind and 300 MW of storage. NextEra Energy Resources' backlog stands at roughly 20 gigawatts (GW) after adding almost 1.7 GW and placing over 1.8 GW into service.

Corporate and Other

In the second quarter of 2023 on a GAAP basis, Corporate and Other results decreased $0.04 per share, compared to the prior-year quarter. On an adjusted basis, Corporate and Other results for the second quarter of 2023 decreased $0.04 per share, compared to the prior-year quarter.

Outlook

NextEra Energy's long-term financial expectations remain unchanged. For 2023 and 2024, NextEra Energy continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 a

2023
Q1

Q1 2023 Earnings

8-K

Apr 25, 2023

0000753308-23-000029

EX-99

2 neeq12023exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

April 25, 2023

FOR IMMEDIATE RELEASE

NextEra Energy reports first-quarter 2023 financial results

•NextEra Energy delivers strong first-quarter 2023 results

•FPL continues to focus on delivering a superior value proposition of low bills, high reliability and outstanding customer service

•NextEra Energy Resources has another strong quarter of renewables and storage origination, adding approximately 2,020 megawatts of new renewables and storage projects to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2023 first-quarter net income attributable to NextEra Energy on a GAAP basis of $2,086 million, or $1.04 per share, compared to net loss attributable to NextEra Energy of $451 million, or $0.23 per share, for the first quarter of 2022. On an adjusted basis, NextEra Energy's 2023 first-quarter earnings were $1,678 million, or $0.84 per share, compared to $1,455 million, or $0.74 per share, in the first quarter of 2022.

Adjusted earnings for these periods exclude the effects of non-qualifying hedges; NextEra Energy Partners, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and impairment charges.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income (loss) attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release.

"Following a year of strong financial results, NextEra Energy is off to a solid start in 2023, delivering strong first-quarter adjusted earnings per share growth of approximately 13.5% year-over-year,” said John Ketchum, chairman, president and chief executive officer of NextEra Energy. “During the first quarter, FPL advanced what we believe is the best customer value proposition in the industry by placing in service nearly 970 megawatts of low-cost solar, bringing its total solar portfolio to nearly 4,600 megawatts. In its recently filed Ten-Year Site Plan, FPL is proposing to build nearly 20 gigawatts of solar over the next decade to help keep customer bills affordable. NextEra Energy Resources' focus remains on helping our power sector and commercial and industrial customers reduce their energy costs and decarbonize their operations. With economics continuing to drive demand, NextEra Energy Resources added approximately 2,020 megawatts of new renewables and storage projects to its backlog. NextEra Energy Resources also recently signed a memorandum of understanding with CF Industries, the world's largest ammonia producer, to create green hydrogen as we advance our green hydrogen development

1

efforts. With the right regulations, we see hydrogen becoming an important option for our customers and our pipeline of potential projects currently exceeds $20 billion and would require over 15 gigawatts of new renewables to support. We remain confident in NextEra Energy's long-term growth prospects and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2026, while at the same time maintaining our strong balance sheet and credit ratings."

FPL

FPL reported first-quarter 2023 net income of $1,070 million, or $0.53 per share, compared to $875 million, or $0.44 per share, for the prior-year comparable quarter. As America's largest electric utility, FPL sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million people across Florida.

FPL's growth over the prior-year comparable quarter was primarily driven by continued investment in the business. FPL's capital expenditures were approximately $2.3 billion for the first quarter of 2023 and full-year capital investments are expected to be between $8 billion and $9 billion. Regulatory capital employed increased by approximately 11.2% over the same quarter last year. FPL's average number of customers increased by approximately 65,000 from the prior-year comparable quarter as Florida is now the fastest-growing state in America.

During t

2022
Q4

Q4 2022 Earnings

8-K

Jan 25, 2023

0000753308-23-000009

EX-99

2 neeq42022exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Jan. 25, 2023

FOR IMMEDIATE RELEASE

NextEra Energy reports fourth-quarter and full-year 2022 financial results

•NextEra Energy delivers strong full-year 2022 financial and operational results

•FPL continues to focus on delivering an outstanding value proposition of low bills, high reliability, outstanding customer service and clean energy solutions for its customers

•NextEra Energy Resources has a record year of renewables origination, signing more than 8,000 megawatts of new projects, and extends its overall development expectations through 2026

•Driven by long-term growth visibility for low-cost renewables, NextEra Energy extends long-term growth outlook by an additional year, through 2026

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2022 fourth-quarter net income attributable to NextEra Energy on a GAAP basis of $1,522 million, or $0.76 per share, compared to $1,204 million, or $0.61 per share, for the fourth quarter of 2021. On an adjusted basis, NextEra Energy's 2022 fourth-quarter earnings were $1,011 million, or $0.51 per share, compared to $814 million, or $0.41 per share, in the fourth quarter of 2021.

For the full year 2022, NextEra Energy reported net income attributable to NextEra Energy on a GAAP basis of $4.147 billion, or $2.10 per share, compared to $3.573 billion, or $1.81 per share, in 2021. On an adjusted basis, NextEra Energy's full-year 2022 earnings were $5.742 billion, or $2.90 per share, compared to $5.021 billion, or $2.55 per share, in 2021, which represents year-over-year growth in adjusted earnings per share of approximately 13.7%.

Adjusted earnings for these periods exclude the effects of non-qualifying hedges; NextEra Energy Partners, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and impairment charges.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income (loss) attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release.

Florida Power & Light Company completed the regulatory integration of Gulf Power Company under its 2021 base rate settlement agreement and began serving customers under unified rates on Jan. 1, 2022. As a result, Gulf Power is no longer a separate reporting segment within Florida Power & Light and

1

NextEra Energy. For 2022 and beyond, FPL has one reporting segment and, therefore, 2021 financial results and other operational metrics have been restated for comparative purposes.

"NextEra Energy was successful in executing our 2022 initiatives, ending the year with excellent financial

and operational results," said John Ketchum, chairman, president and chief executive officer of NextEra Energy. "We grew adjusted earnings per share by nearly 14% from 2021 and outperformed the S&P 500 index by nearly 10%. In the midst of a challenging macro environment, we invested more than $19 billion in American energy infrastructure and commissioned roughly 5,000 megawatts of new renewables and storage. This terrific performance in a year of significant supply chain disruption, inflationary pressures and higher interest rates is a testament to the strength and resiliency of our team and our competitive advantages, and I am extremely pleased with what we accomplished in 2022.

"At FPL, thanks to the hard work and dedication of our team, combined with our valuable hardening and smart grid investments, we quickly restored power to customers after hurricanes Ian and Nicole last fall. We also used our strong balance sheet to provide bill relief for FPL customers during a year of high inflation and high natural gas prices. NextEra Energy Resources had its best-ever year of renewables and storage origination, adding more than 8,000 megawatts to its backlog. Based on tremendous demand and continued cost advantages of renewables, today we are extending NextEra Energy Resources' development expectations through 2026. We now believe that between 2023 and 2026 we will place into service approximately 32,700 megawatts to 41,800 megawatts of new renewables and storage.

"Wi

2022
Q3

Q3 2022 Earnings

8-K

Oct 28, 2022

0000753308-22-000076

EX-99

2 neeq32022exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

Oct. 28, 2022

FOR IMMEDIATE RELEASE

NextEra Energy reports third-quarter 2022 financial results

•NextEra Energy delivers strong third-quarter results

•FPL continues to focus on delivering clean energy for its customers and an outstanding value proposition of low bills, high reliability and outstanding customer service

•NextEra Energy Resources has another strong quarter of renewables and storage origination, signing approximately 2,345 megawatts of new renewables and storage projects

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2022 third-quarter net income attributable to NextEra Energy on a GAAP basis of $1,696 million, or $0.86 per share, compared to net income attributable to NextEra Energy of $447 million, or $0.23 per share, for the third quarter of 2021. On an adjusted basis, NextEra Energy's 2022 third-quarter earnings were $1,683 million, or $0.85 per share, compared to $1,483 million, or $0.75 per share, in the third quarter of 2021.

Adjusted earnings for these periods exclude the effects of non-qualifying hedges; NextEra Energy Partners, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and impairment charges.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income (loss) attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release.

Florida Power & Light Company completed the regulatory integration of Gulf Power Company under its 2021 base rate settlement agreement and began serving customers under unified rates on Jan. 1, 2022. As a result, Gulf Power is no longer a separate reporting segment within Florida Power & Light and NextEra Energy. For 2022 and beyond, FPL has one reporting segment and, therefore, 2021 financial results and other operational metrics have been restated for comparative purposes.

"NextEra Energy delivered strong third-quarter results and is well positioned to achieve our overall objectives for 2022," said John Ketchum, chairman, president and chief executive officer of NextEra Energy. "Adjusted earnings per share increased by approximately 13% year-over-year, reflecting continued strong performance at both FPL and NextEra Energy Resources. Our thoughts remain with all those who were impacted by Hurricane Ian, one of the most powerful and destructive storms ever to make landfall in the continental U.S. I am extremely proud that our team restored service to roughly two-

1

thirds of the more than 2.1 million FPL customers affected by the storm after the first full day of restoration, which represents the fastest restoration rate in FPL's history for a major hurricane, and restored service to essentially all affected customers within eight days. We believe these results were enabled by the valuable investments we have made to create a smarter, stronger and more storm-resilient energy grid together with the efforts of our team and all of those who provided mutual assistance. These investments are part of FPL's strategy of making long-term investments in energy infrastructure, while keeping electric bills low, maintaining high reliability and delivering outstanding customer service. NextEra Energy Resources continues to capitalize on a terrific renewables development environment, originating more than 2 gigawatts of new renewables and storage since the release of our second-quarter financial results. We are also excited to announce an agreement to acquire a large portfolio of landfill gas-to-electric projects that we plan to convert to renewable natural gas. This acquisition supports our renewable fuels strategy and our broader vision to lead the decarbonization of the U.S. economy. We are as confident as ever about our long-term growth prospects, and we will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges for 2022 through 2025, while at the same time maintaining our strong balance sheet and credit ratings."

FPL

FPL reported third-quarter 2022 net income of $1,074 million, or

2022
Q2

Q2 2022 Earnings

8-K

Jul 22, 2022

0000753308-22-000052

EX-99

2 neeq22022exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

July 22, 2022

FOR IMMEDIATE RELEASE

NextEra Energy reports second-quarter 2022 financial results

•NextEra Energy delivers strong second-quarter results

•FPL continues to focus on delivering clean energy for its customers and an outstanding value proposition of low bills, high reliability and outstanding customer service

•NextEra Energy Resources has another strong quarter of renewables and storage origination, adding approximately 2,035 net megawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2022 second-quarter net income attributable to NextEra Energy on a GAAP basis of $1,380 million, or $0.70 per share, compared to net income attributable to NextEra Energy of $256 million, or $0.13 per share, for the second quarter of 2021. On an adjusted basis, NextEra Energy's 2022 second-quarter earnings were $1,593 million, or $0.81 per share, compared to $1,395 million, or $0.71 per share, in the second quarter of 2021.

Adjusted earnings for these periods exclude the effects of non-qualifying hedges; NextEra Energy Partners, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and an impairment charge.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income (loss) attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release.

Florida Power & Light Company completed the regulatory integration of Gulf Power Company under its 2021 base rate settlement agreement and began serving customers under unified rates on Jan. 1, 2022. As a result, Gulf Power will no longer continue as a separate reporting segment within Florida Power & Light and NextEra Energy. For 2022 and beyond, FPL has one reporting segment and, therefore, 2021 financial results and other operational metrics have been restated for comparative purposes.

"NextEra Energy delivered strong second-quarter results and is well positioned to meet its overall objectives for the year," said John Ketchum, president and chief executive officer of NextEra Energy. "Adjusted earnings per share increased approximately 14% year-over-year, reflecting continued strong financial and operational performance at both FPL and NextEra Energy Resources. During the quarter, FPL commissioned the approximately 1,200-megawatt Dania Beach Clean Energy Center, and last week

1

we also placed in service the North Florida Resiliency Connection transmission line. Smart capital investments such as these help lower costs and improve reliability for customers. NextEra Energy Resources continues to capitalize on a terrific renewables development environment, adding more than 2 gigawatts to its backlog since the release of our first-quarter 2022 financial results in April. With these new additions, net of projects placed in service, NextEra Energy Resources' renewables and storage backlog now stands at approximately 19,600 megawatts. Based upon the clear visibility into meaningful organic growth prospects across all of our businesses, we will be disappointed if we are not able to deliver financial results at or near the top end of our recently increased adjusted earnings per share expectations ranges in 2022, 2023, 2024 and 2025, while at the same time maintaining our strong balance sheet and credit ratings."

FPL

FPL reported second-quarter 2022 net income of $989 million, or $0.50 per share, compared to $882 million, or $0.45 per share, for the prior-year comparable quarter. As America's largest electric utility, FPL sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million people across Florida.

FPL's growth over the prior-year comparable quarter was primarily driven by continued investment in the business. FPL's capital expenditures were approximately $1.9 billion for the second quarter of 2022 and full-year capital investments are expected to be approximately $8.5 billion. Regulatory capital employed increased by more than 11% over the same quarter last year. FPL's ave

2022
Q1

Q1 2022 Earnings

8-K

Apr 21, 2022

0000753308-22-000030

EX-99

2 neeq12022exhibit99.htm

EX-99

Document

Exhibit 99

NextEra Energy, Inc.

Media Line: 561-694-4442

April 21, 2022

FOR IMMEDIATE RELEASE

NextEra Energy reports first-quarter 2022 financial results

•NextEra Energy delivers strong first quarter

•FPL continues to focus on delivering clean energy solutions for its customers and an outstanding value proposition of low bills, high reliability and outstanding customer service

•FPL completes 2022 solar build on time and within budget

•NextEra Energy Resources has another strong quarter of renewables and storage origination, adding approximately 1,770 net megawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2022 first-quarter net loss attributable to NextEra Energy on a GAAP basis of $451 million, or $0.23 per share, compared to net income attributable to NextEra Energy of $1,666 million, or $0.84 per share, for the first quarter of 2021. On an adjusted basis, NextEra Energy's 2022 first-quarter earnings were $1,455 million, or $0.74 per share, compared to $1,330 million, or $0.67 per share, in the first quarter of 2021.

Adjusted earnings for these periods exclude the effects of non-qualifying hedges; NextEra Energy Partners, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and an impairment charge.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income (loss) attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release.

Florida Power & Light Company completed the regulatory integration of Gulf Power Company under its 2021 base rate settlement agreement and began serving customers under unified rates on Jan. 1, 2022. As a result, Gulf Power will no longer continue as a separate reporting segment within Florida Power & Light and NextEra Energy. For 2022 and beyond, FPL has one reporting segment and, therefore, 2021 financial results and other operational metrics have been restated for comparative purposes.

"NextEra Energy is off to a solid start to meet our overall objectives for the year, delivering strong first-quarter adjusted earnings per share growth of 10.4% year-over-year," said John Ketchum, president and chief executive officer of NextEra Energy. "FPL had a terrific quarter of execution, making smart capital investments and delivering operational efficiencies. During the quarter, FPL placed in service

1

approximately 450 megawatts of additional cost-effective solar projects and now owns and operates more than 3,600 megawatts of solar, which is the largest solar portfolio of any utility in the country. Florida's economic strength and the rapid growth in FPL's customer base bolsters the company's confidence in its disciplined investment strategy. NextEra Energy Resources had another strong quarter of renewables and storage origination, adding approximately 1,770 net megawatts to its backlog since the release of our fourth-quarter and full-year 2021 financial results in January. Our continued origination success is reflective of our ability to continue leveraging our competitive advantages to deliver clean energy solutions to meet our customers' ongoing demand for low-cost renewables and storage. We remain confident in the long-term growth prospects for NextEra Energy and our underlying core businesses, and we will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in each of 2022, 2023, 2024 and 2025. We remain intensely focused on execution and believe NextEra Energy remains uniquely positioned to drive long-term shareholder value."

FPL

FPL reported first-quarter 2022 net income of $875 million, or $0.44 per share, compared to $777 million, or $0.39 per share, for the prior-year comparable quarter. As America's largest electric utility, FPL sells more power than any other utility, providing clean, affordable, reliable electricity to more than 5.7 million customer accounts, or more than 12 million people across Florida.

FPL's growth over the prior-year comparable quarter was primarily driven by continued investment in the business. FPL's c

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