
Key Takeaways
NextEra Energy Inc. (NEE) reported its fourth-quarter FY24 results, with mixed outcomes compared to analyst expectations. Revenue fell short of estimates, while adjusted EPS met expectations. Operating income declined year-over-year, but cash flow from operations increased.
Revenue: $5.385 billion (missed estimate of $7.525 billion)
$0.53 (met consensus)
$941 million (down from $2.660 billion in Q4 FY23)
$13.260 billion (up from $11.301 billion in FY23)
Florida Power & Light Company (FPL): Adjusted net income slightly declined to $845 million.
Adjusted earnings rose to $446 million.
NextEra Energy expects adjusted EPS of $3.45-$3.70 for FY25, exceeding the consensus of $3.68.
The company projects adjusted EPS of $3.63-$4.00 in 2026 and $3.85-$4.32 in 2027.
NextEra Energy plans to grow dividends per share by approximately 10% annually through at least 2026.
NextEra Energy signed a framework agreement with GE Vernova to develop natural gas-powered generation solutions for data centers, manufacturing, and other energy customers.
The company requested a licensing change for the Duane Arnold nuclear plant to potentially restart the facility by the end of 2028.
NEE shares rose 4.66% to $72.46 following the earnings release.