NextEra Energy reported third quarter 2026 results featuring an adjusted earnings beat despite a revenue miss compared to analyst estimates. Growth was primarily supported by disciplined capital investments at Florida Power & Light and a record quarter for new originations at the Energy Resources segment, particularly in battery storage.
Key Highlights
- Adjusted earnings per share rose 9.7% year-over-year to $1.24, exceeding the $1.19 estimate.
- NextEra Energy Resources added 3.7 GW of renewables and storage to its backlog, including a significant 2.4 GW of battery storage originations.
- Florida Power & Light grew its regulatory capital employed by approximately 9.2% year-over-year while maintaining capital expenditures of $2.4 billion for the quarter.
- Management reaffirmed its long-term financial outlook, targeting the high end of the 2026 adjusted EPS range of $3.92 to $4.02 and 8%+ CAGR through 2035.