NextEra Energy Inc. (NEE)
NYSE:NEE
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.09Last Year’s EPS
1.05Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial momentum: Q1 adjusted EPS rose ~10%, Energy Resources delivered a record quarter and backlog expansion, FPL showed robust customer additions and high reliability, and the company articulated multiple growth avenues (data center hubs, transmission, pipelines, storage). Management highlighted proactive risk mitigation (supply-chain contracts, large interest-rate hedges) and strategic initiatives (Rewire AI, Symmetry acquisition). Headwinds exist—customer supply margin normalization, higher financing costs, labor and permitting constraints for new gas builds, and timing risks for large projects—but these were framed as manageable and being actively addressed. Overall, the positive growth metrics, backlog, and strategic positioning outweigh the operational and execution challenges discussed.Company Guidance
Adjusted EPS Growth
Adjusted earnings per share increased ~10% year-over-year for Q1 2026, driven by strong performance at both Florida Power & Light (FPL) and Energy Resources.
Energy Resources Strong Quarter and Backlog Expansion
Energy Resources reported adjusted earnings growth of ~14% year-over-year and had a record quarter adding 4.0 GW of long-term contracted renewables and storage to backlog. Total backlog rose to ~33 GW (after ~0.3 GW placed into service since last call).
FPL Customer Growth and Operational Reliability
FPL added nearly 100,000 customers versus the prior year comparable period. First-quarter retail sales increased ~3.4% year-over-year (weather-normalized ~+0.3%). FPL delivers top-decile reliability (~68% better than national average) and has nonfuel O&M more than 71% lower than industry average.
FPL Capital Deployment and ROE
FPL reported Q1 capital expenditures of approximately $3.2 billion and expects full-year CapEx of $12–13 billion. Regulatory capital and growth of ~8.8% significantly contributed to FPL EPS growth. Reported regulatory return on equity for the 12 months ending March 2026 was ~11.7%.
Solar and Storage Build-Out
FPL placed ~600 MW of new owned solar into service in the quarter, bringing FPL's owned solar portfolio to over 8.5 GW. Energy Resources originated 1.3 GW of battery storage in the quarter and has a standalone and co-located battery pipeline >10 GW (excludes expansion opportunities).
Data Center Hub Wins and US-Japan Projects
U.S. Department of Commerce selected Energy Resources to build 9.5 GW of new gas-fired generation to serve large load tied to Japan's investment commitment. Energy Resources now has over 30 data center hubs (year-end goal ~40) and a base case target to secure 15 GW of new generation for large load by 2035 (upside 30+ GW).
Transmission and Pipeline Growth
NextEra Energy Transmission secured >$5 billion in new projects since 2023 and now has regulated and secured capital of ~$8 billion. Energy Resources has ownership interest in 1,000+ miles of FERC-regulated pipelines and expects combined electric and gas transmission to grow to $20 billion of regulated and investment capital by 2032 (implying ~20% CAGR off 2025).
Strategic Acquisition Strengthens Gas Supply
Acquisition of Symmetry Energy Solutions expands customer supply capabilities. NextEra now transports and delivers ~2.9 trillion cubic feet of natural gas annually (~8 Bcf/day), improving ability to serve wholesale, retail and industrial customers and support gas-fired development.
Rewire AI Initiative and Early Product Launches
Launched company-wide Rewire initiative in partnership with Google Cloud. Early AI products (Conduit, Generation Entitlement, Grid Composer) were brought to market in Q1 to improve field efficiency, detect abnormal equipment conditions, and optimize generation/dispatch — aimed at driving cost savings and operational improvements.
Supply Chain and Interest Rate Protections
Proactively secured panels and battery supply through 2029, key wind components through 2027, and sufficient transformer capacity through the end of the decade. Interest rate exposure mitigated by an over $43 billion interest rate hedging program.
Financial Guidance and Long-Term Targets
2026 adjusted EPS guidance maintained at $3.92–$4.02 (targeting the high end). Company targets adjusted EPS CAGR of 8%+ through 2032 (and 2032–2035 off 2025 base of $3.71) and dividend growth of ~10% through 2026 off 2024 base and ~6% per year from year-end 2026 through 2028.
Recontracting and Price Improvement
Recontracting momentum: up to 6 GW of renewables and 1.5 GW of nuclear recontracting opportunities through 2032. In Q1 the company contracted >600 MW of existing projects with average contract terms >18 years. Management noted new contract pricing roughly +$20/MWh versus prior realized pricing.
NEE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NEE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $90.00 | $96.25 | +6.94% |
Jan 27, 2026 | $84.89 | $86.56 | +1.97% |
Oct 28, 2025 | $84.87 | $82.45 | -2.86% |
Jul 23, 2025 | $75.91 | $71.29 | -6.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NextEra Energy Inc. (NEE) report earnings?
NextEra Energy Inc. (NEE) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is NextEra Energy Inc. (NEE) earnings time?
NextEra Energy Inc. (NEE) earnings time is at Jul 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEE EPS forecast?
NEE EPS forecast for the fiscal quarter 2026 (Q2) is 1.09.
