NextEra Energy's Q3 operating revenue grows less than expected
NEE•NextEra Energy reported third-quarter operating revenue of $8.09 billion, below the $8.63 billion analyst consensus, while adjusted EPS of $1.24 topped the $1.18 estimate. The company reaffirmed its 2026 adjusted EPS guidance of $3.92 to $4.02 and targets the high end.
1. Quarterly results
NextEra Energy's third-quarter operating revenue was $8.09 billion, below the $8.63 billion consensus estimate. Adjusted EPS rose nearly 10% year over year to $1.24, above the $1.18 estimate.
2. Guidance and investments
The company reaffirmed its 2026 adjusted EPS guidance of $3.92 to $4.02 and targets the high end. It targets annual adjusted EPS growth of 8% or more through 2032 and from 2032 to 2035, off its 2025 base. Florida Power & Light said earnings growth was driven primarily by disciplined capital investments; new investments and existing energy assets added $0.14 to NextEra Energy Resources' third-quarter EPS.
3. Renewables and merger
NextEra Energy Resources added 3.7 gigawatts of renewables and storage to its backlog, which reached about 36.7 gigawatts. NextEra Energy and Dominion Energy expect their pending merger to close in the second half of 2027.
