NextEra Energy Reports Mixed Q4 Results, Announces Key Partnerships and Initiatives

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NextEra Energy Reports Mixed Q4 Results, Announces Key Partnerships and Initiatives

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.