NextEra Energy Lifts FCF Guidance 33% to $7B Despite $400M Wind Loss
NEE•NextEra Energy raised full-year free cash flow guidance 33% to $7.0 billion, lifted its 2026 revenue forecast to $45.0 billion and set an Adjusted EBITDA margin target of 13.0%, despite a $400 million wind-segment loss. Separately, its stronger EPS growth outlook, higher ROIC and expanded clean-energy investment plan outpace Southern Company.
1. Financial Guidance Upgrade
NextEra Energy raised its full-year free cash flow guidance by 33% to $7.0 billion, lifted its 2026 revenue forecast to $45.0 billion and set an Adjusted EBITDA margin target of 13.0%, while its wind segment remains a drag with a projected $400 million EBITDA loss in 2026.
2. Growth Positioning vs Southern Company
NextEra's stronger EPS growth outlook, higher return on invested capital and expanded clean-energy investment plan give it a competitive edge over Southern Company, reflecting management's confidence in capitalizing on accelerating demand for renewable power solutions.
