NextEra Energy Q4 Earnings Call Highlights

1 week ago 17

MarketBeat

Tue, January 27, 2026 astatine 10:39 AM CST 9 min read

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Financials & guidance: NextEra reported 2025 adjusted EPS of $3.71 (up >8%) and is guiding 2026 adjusted EPS of $3.92–$4.02 (targeting the precocious end), portion reaffirming an 8%+ CAGR successful adjusted EPS done 2035 and dividend maturation targets (~10% done 2026, ~6% annually to 2028).
FPL concern and large-load demand: FPL secured a four‑year complaint statement with an allowed midpoint ROE of 10.95% and plans to put $90–$100 billion done 2032, with >20 GW of large-load involvement (about 9 GW successful precocious talks) that could statesman being served arsenic soon arsenic 2028.
Renewables, retention and proviso chain: Energy Resources grew its backlog to astir 30 GW (adding ~13.5 GW), placed 7.2 GW into work successful 2025, and has secured star panels and home batteries done 2029, with retention representing astir one‑third (~5 GW) of the backlog.
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NextEra Energy (NYSE:NEE) executives highlighted what they called beardown operational and fiscal show successful 2025, alongside expanding request from large-load customers and continued momentum successful contracted renewables and storage, during the company’s fourth-quarter and full-year net call.

Chairman, President and CEO John Ketchum said NextEra delivered full-year 2025 adjusted net per stock (EPS) of $3.71, up much than 8% from 2024 and “slightly better” than the apical extremity of the scope the institution communicated astatine its December capitalist conference. CFO Mike Dunne said the company’s 2026 adjusted EPS expectations stay $3.92 to $4.02 per share, and absorption is targeting the precocious extremity of that range.

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Management reiterated its longer-term fiscal framework, calling for adjusted EPS maturation astatine a compound yearly maturation complaint of 8%+ done 2032 and targeting the aforesaid from 2032 done 2035, disconnected the 2025 base. Dunne besides said NextEra expects operating currency travel maturation from 2025 to 2032 to beryllium astatine oregon supra its adjusted EPS maturation complaint and reaffirmed its dividend maturation expectations: astir 10% per twelvemonth done 2026 (off a 2024 base) and 6% per twelvemonth from year-end 2026 done 2028.

Ketchum said Florida Power & Light (FPL) entered 2026 with a caller four-year complaint statement moving done the remainder of the decade, noting the Florida Public Service Commission unanimously approved the statement successful November and issued its last bid recently. The statement includes an allowed midpoint instrumentality connected equity of 10.95% (range of 9.95% to 11.95%) and a complaint stabilization mechanism.