NextEra Energy, Inc. (NYSE:NEE) Q2 2024 Results Conference Call July 24, 2024 9:00 AM ET Company Participants Mark Edelman - Director of Investor Relations John Ketchum - Chairman, President and Chief Executive Officer of NextEra Energy Brian Bolster - Executive Vice President and Chief Financial Officer of NextEra Energy Rebecca Kujawa - President and Chief Executive Officer of NextEra Energy Resources Mark Hickson - Executive Vice President of NextEra Energy Armando Pimentel - President and Chief Executiv ...

Financial Performance - Net income attributable to NEE decreased by $1,173 million for the three months ended June 30, 2024, reflecting lower results at NEER and Corporate and Other, partly offset by higher results at FPL[124]. - NEE's earnings per share for the three months ended June 30, 2024, was $0.79, compared to $1.38 in the same period of 2023[121]. - For the six months ended June 30, 2024, NEE reported a net income of $1,489 million, compared to $2,764 million for the same period in 2023, reflecting a decrease of approximately 46%[173]. - Net income for the three months ended June 30, 2024, was $1.296 billion, down 49.5% from $2.564 billion in the same period last year[223]. - Comprehensive income attributable to NEE for the three months ended June 30, 2024, was $1.618 billion, compared to $2.795 billion for the same period in 2023[223]. - Net income for the six months ended June 30, 2024, was $3,233 million, a decrease from $4,349 million in the same period of 2023, representing a decline of approximately 25.6%[239]. Revenue and Expenses - Operating revenues for NEE for the six months ended June 30, 2024, were $11,801 million, down from $28,114 million in the previous year, representing a decline of approximately 58%[173]. - Operating revenues for the three months ended June 30, 2024, were $6.069 billion, a decrease of 17.4% compared to $7.349 billion for the same period in 2023[222]. - Operating income for the six months ended June 30, 2024, was $3.682 billion, a decline of 35.7% compared to $5.741 billion for the same period in 2023[222]. - Total operating expenses for the three months ended June 30, 2024, were $4.428 billion, a decrease of 2.8% from $4.556 billion in the same period last year[222]. - Revenue from contracts with customers for the three months ended June 30, 2024, was approximately $6.0 billion, a decrease from $6.3 billion in the same period of 2023, reflecting a decline of about 4.8%[256]. Capital Expenditures - FPL's capital expenditures for the six months ended June 30, 2024, totaled $4,408 million, compared to $4,732 million in the same period of 2023[129]. - NEER's total capital expenditures for the six months ended June 30, 2024, were $10,120 million, an increase from $8,292 million in the prior year[129]. - Capital expenditures of Florida Power & Light (FPL) were $4,260 million for the six months ended June 30, 2024, down from $4,664 million in the prior year, indicating a reduction of approximately 8.7%[239]. Liquidity and Debt - NEE's total net available liquidity was approximately $13.6 billion as of June 30, 2024[131]. - NEE's total current liabilities stood at $26,231 million, with total noncurrent liabilities at $99,057 million, highlighting significant obligations[170]. - NEE's long-term debt as of June 30, 2024, was $25,037 million, up from $23,609 million as of December 31, 2023, indicating an increase of approximately 6%[272]. - Issuances of long-term debt, including premiums and discounts, totaled $14,111 million for the six months ended June 30, 2024, compared to $9,978 million in the same period of 2023, reflecting an increase of about 41.5%[239]. Investments and Assets - NEE's total assets increased to $95,055 million as of June 30, 2024, from $91,469 million at the end of 2023[133]. - Total current assets for NEE as of June 30, 2024, were $12,803 million, while total noncurrent assets were $171,921 million, indicating a strong asset base[170]. - As of June 30, 2024, NEE subsidiaries had investments totaling approximately $5,505 million, primarily in commingled funds and asset-backed securities[163]. - The assets and liabilities of eight indirect subsidiaries owning solar generation facilities were approximately $1,749 million and $533 million, respectively, at June 30, 2024[316]. Risk Management - NEE's risk management policies are in place to monitor and manage market risks associated with commodity prices, interest rates, and equity prices[172]. - NEE's exposure management committee oversees market risk management policies and receives periodic updates on market positions and credit exposures[182]. - The company faces risks related to regulatory changes that could materially affect its financial condition and operations[258]. - NEE's credit risk exposure associated with energy marketing and trading operations totaled approximately $3.0 billion as of June 30, 2024, with 92% of this exposure to investment-grade companies[202]. Shareholder Returns - The company has a share repurchase program authorized for up to 180 million shares, with 12,923 shares purchased at an average price of $76.91 during the three months ended June 30, 2024[207]. - Dividends on common stock for the six months ended June 30, 2024, amounted to $2,115 million, up from $1,876 million in the same period of 2023, representing an increase of approximately 12.7%[239]. - Dividends to NEE for the six months ended June 30, 2024, were $3,700 million, an increase from $2,065 million in the same period of 2023[252][253]. Operational Efficiency - The company is continuously seeking to improve operational efficiency and effectiveness[196]. - The company plans to continue focusing on market expansion and new technology development to drive future growth[224].

NextEra Energy, Inc. (NEE) reported second-quarter 2024 adjusted earnings of 96 cents per share, which beat the Zacks Consensus Estimate of 93 cents by 3.2%. The bottom line was also up nearly 9.1% year over year. The uptick was driven by the solid performance of Florida Power & Light Company ("FPL") and NextEra Energy Resources. The Zacks Consensus Estimate for second-quarter earnings per share indicates an increase of 23.4% from the year-ago levels. FirstEnergy delivered an average earnings surprise of 3. ...

For the quarter ended June 2024, NextEra Energy (NEE) reported revenue of $6.07 billion, down 17.4% over the same period last year. EPS came in at $0.96, compared to $0.88 in the year-ago quarter. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Operating Revenues- Florida Power ...

NextEra Energy (NEE) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on t ...

NextEra Energy, Inc. NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.9 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, ...

JUNO BEACH, Fla., July 24, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its secondquarter 2024 financial results in a news release available on the company's website by accessing the following link: www.NextEraEnergy.com/FinancialResults. NextEra Energy, Inc. SOURCE NextEra Energy, Inc. John Ketchum, chairman, president and chief executive officer of NextEra Energy, Brian Bolster, executive vice president, finance and chief financial officer of NextEra Energy, and other members of the co ...

The Zacks Consensus Estimate for NEE's second-quarter revenues is pegged at $7.27 billion, indicating a 1.3% decline from the year-ago reported figure. Solid Earnings Surprise History You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. NextEra Energy (NEE) is expected to report an improvement in its bottom line when it reports second-quarter 2024 results on Jul 24, before market open. Image Source: Zacks Investment Research What the Zacks Model Unveils Earni ...

/ H 1 0 F H 15 I l l I - in at r th m HT L 1 4 11 117 ITAL I mn n 400 17 Count 10 mm TF Abstract Aerial Art NEE stock: Q1 recap and Q2 preview I last wrote on NextEra Energy, Inc. (NYSE:NEE) about three months ago. As you can see from the screenshot below, that article was titled "NextEra Energy: Still Looking For Direction" and was published on April 19, 2024, on Seeking Alpha. In that article, I rated the stock as a HOLD due to the following mixed signals: NextEra Energy's current dividend yield is way ab ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score VGM Score It also includes access to the Zacks Style Scores. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperfor ...