Key Highlights
- Adjusted earnings per share reached $1.09, exceeding Wall Street’s $0.96 projection by 13 cents
- GAAP net income surged to $2.182 billion from $833 million in the prior-year quarter
- NextEra Energy Resources achieved its strongest quarter ever, securing 4 GW in renewables and storage
- Renewables development pipeline reached a record 33 GW, featuring 1.3 GW in battery storage additions
- Management confirmed 2026 adjusted EPS outlook of $3.92–$4.02 and projected 8%+ annual EPS growth through 2032
NextEra Energy (NEE) unveiled first-quarter 2026 financial results on Thursday that surpassed market projections, fueled by robust performance from its clean energy division and escalating electricity consumption.
The company’s adjusted earnings per share registered at $1.09, significantly exceeding the $0.96 consensus forecast from analysts tracked by LSEG. This figure marks a 10% gain compared to the $0.99 per share recorded during the corresponding quarter of the previous year.
For the three months concluded March 31, GAAP net income soared to $2.182 billion, equivalent to $1.04 per share. This represents a substantial increase from the $833 million, or $0.40 per share, reported in the first quarter of 2025.
Adjusted earnings totaled $2.275 billion for the period, rising from $2.038 billion in the year-earlier quarter.
Florida Power & Light contributed earnings of $1.462 billion, translating to $0.70 per share, up from $1.316 billion, or $0.64 per share, in the comparable 2025 period.
The utility segment deployed approximately $3.2 billion in capital expenditures throughout the quarter. Year-over-year growth in regulatory capital employed approached 8.8%.
FPL’s customer base expanded by nearly 100,000 accounts during the quarter. The utility currently manages over 8.5 GW of solar generation capacity throughout Florida.
Renewables Unit Posts Historic Performance
NextEra Energy Resources emerged as the quarter’s strongest performer. The division reported GAAP net income of $1.019 billion, or $0.49 per share, compared to merely $172 million, or $0.08 per share, in the first quarter of 2025.
Adjusted earnings for this business segment totaled $1.038 billion, climbing from $908 million in the prior-year period.
The renewables division achieved its most successful quarter on record for project origination, securing 4 GW of new renewable energy and storage contracts. This total encompassed 1.3 GW of energy storage systems.
The company’s aggregate development pipeline now totals approximately 33 GW — underscoring sustained market appetite for additional renewable energy infrastructure.
Full-Year Outlook Remains Unchanged
Executive leadership maintained the company’s full-year 2026 adjusted EPS forecast range of $3.92–$4.02 without modification.
The organization also reaffirmed its extended-term objective of achieving at least 8% compound annual growth in adjusted earnings per share extending through 2032.
Regarding dividends, NextEra preserved its strategy of approximately 10% annual dividend-per-share increases through 2026. For the 2027-2028 period following year-end 2026, the growth rate target moderates to 6% per year.
Executive management addressed the quarterly performance during a live webcast held at 9 a.m. ET Thursday. An archived recording will remain accessible for 90 days via the company’s investor relations portal.
NEE shares declined 0.66% during Thursday’s trading session as of afternoon hours.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
