NextEra Energy reports Q3 adjusted EPS $1.13, consensus $1.02

Reports Q3 revenue $7.97B, consensus $9.22B. “NextEra Energy (NEE) delivered strong Q3 results, with adjusted earnings per share increasing by 9.7% year-over-year,” said CEO John Ketchum. “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…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 EPS expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings.”