Financial Data and Key Metrics Changes - Adjusted earnings per share increased by nearly 9% year-over-year, reflecting solid financial and operational performance across Florida Power & Light (FPL) and Energy Resources [8][39] - FPL's earnings per share increased by $0.07 year-over-year, driven by regulatory capital employed growth of approximately 8.1% [39] - Energy Resources reported adjusted earnings growth of nearly 10% year-over-year [47] Business Line Data and Key Metrics Changes - FPL placed into service 894 megawatts of new solar, bringing its owned and operated solar portfolio to over 7.9 gigawatts, the largest utility-owned solar portfolio in the country [41] - Energy Resources originated approximately 3.2 gigawatts of new renewables and storage projects, marking the largest solar and battery storage origination quarter ever [26][47] - FPL's capital expenditures were approximately $2.4 billion for the quarter, with full-year capital investments expected to be between $8 billion and $8.8 billion [39][41] Market Data and Key Metrics Changes - FPL's first quarter retail sales increased by approximately 1.8% year-over-year, with a weather-normalized increase of roughly 0.6% [46] - The company expects more than 450 gigawatts of cumulative demand for new generation in the U.S. between now and 2030 [9] Company Strategy and Development Direction - NextEra Energy emphasizes a diversified energy strategy, advocating for all forms of energy solutions to meet the growing demand for electricity [10][19] - FPL plans to invest nearly $50 billion from 2025 to 2029 and add more than 25 gigawatts of new generation and battery storage by 2034 [24][25] - The company aims to maintain low customer bills while delivering high reliability and outstanding customer service [22][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to meet the enormous electricity demand in the U.S., highlighting the importance of energy policy [37] - The company is well-positioned to capitalize on long-term growth prospects, with a comprehensive power generation business [27] - Management noted challenges in the supply chain and labor market but remains confident in the company's strategic positioning [14][30] Other Important Information - The company has diversified its supply chain to mitigate tariff risks, estimating less than $150 million in tariff exposure through 2028 on over $75 billion in expected capital spend [28][33] - A leadership transition is underway, with Brian Bolster succeeding Rebecca Kujawa as President and CEO of NextEra Energy Resources [34][36] Q&A Session Summary Question: Clarification on domestic battery contracts and tariff exposure - Management confirmed that domestic battery contracts are assembled in the U.S. and have protections against tariff exposure [57][59] Question: Supplier health and commitments - Management expressed confidence in supplier commitments due to NextEra's buying power and contractual protections [61][63] Question: Impact of transferability on existing assets - Management explained that transferability is crucial for monetizing tax credits, which is essential for financing projects [66][70] Question: Update on Duane Arnold contracting opportunity - Management reported positive progress on the Duane Arnold project, with no significant obstacles encountered [101] Question: Renewable demand trends from tech customers - Management noted strong and unchanged demand for renewables from tech customers, particularly in data centers [123][125]

Core Viewpoint - NextEra Energy reported a revenue of $6.25 billion for Q1 2025, marking a 9% year-over-year increase, but fell short of the Zacks Consensus Estimate of $7.34 billion by 14.89% [1] Financial Performance - Earnings per share (EPS) for the quarter was $0.99, an increase from $0.91 a year ago, exceeding the consensus EPS estimate of $0.97 by 2.06% [1] - Operating Revenues for NextEra Energy Resources (NEER) were $2.16 billion, significantly below the estimated $3.02 billion, but showed a 16% increase year-over-year [4] - Florida Power & Light (FPL) reported operating revenues of $4 billion, slightly below the $4.30 billion estimate, with a year-over-year increase of 4.3% [4] - Operating income for FPL was reported at $1.80 billion, matching the average estimate [4] - NextEra Energy Resources (NEER) reported an operating income of $525 million, which was below the average estimate of $1.32 billion [4] - Corporate & Other segment reported an operating loss of $68 million, worse than the average estimate of a loss of $24.63 million [4] Stock Performance - Over the past month, NextEra shares have returned -2.8%, outperforming the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Group 1: Earnings Performance - NextEra Energy reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and up from $0.91 per share a year ago, representing an earnings surprise of 2.06% [1] - The company posted revenues of $6.25 billion for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 14.89%, compared to $5.73 billion in the same quarter last year [2] - Over the last four quarters, NextEra has surpassed consensus EPS estimates four times but has not beaten consensus revenue estimates during the same period [2] Group 2: Stock Performance and Outlook - NextEra shares have declined approximately 7% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.98 on revenues of $7.29 billion, and for the current fiscal year, it is $3.68 on revenues of $29.35 billion [7] Group 3: Industry Context - The Utility - Electric Power industry, to which NextEra belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Exhibit 99 NextEra Energy, Inc. Media Line: 561-694-4442 April 23, 2025 FOR IMMEDIATE RELEASE NextEra Energy reports first-quarter 2025 financial results JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2025 first-quarter net income attributable to NextEra Energy on a GAAP basis of $833 million, or $0.40 per share, compared to $2,268 million, or $1.10 per share, for the first quarter of 2024. On an adjusted basis, NextEra Energy's 2025 first-quarter earnings were $2.038 billion, or $0.99 p ...

Core Insights - NextEra Energy, Inc. has released its first-quarter 2025 financial results, which are available on the company's website [1] - The company's senior management will discuss these financial results in a live webcast presentation [2] - NextEra Energy is a leading electric power and energy infrastructure company in North America, providing electricity to approximately 12 million people in Florida through its subsidiary, Florida Power & Light Company [3] Company Overview - NextEra Energy, Inc. is headquartered in Juno Beach, Florida, and is a Fortune 200 company [3] - The company owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC [3] - NextEra Energy utilizes a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage to meet America's growing energy needs [3]

The U.S. is going to need a lot more electricity in the coming years. Demand drivers such as artificial inteligence (AI) data centers, the onshoring of manufacturing, and the electrification of everything will power a 55% surge in electricity demand by 2040, according to some estimates. Given the continued concerns surrounding climate change, this power will need to come from cleaner sources, including renewables, natural gas, and nuclear. This forecast makes energy companies focused on supporting growing e ...

Core Viewpoint - NextEra Energy (NEE) is expected to report first-quarter 2025 results on April 23, with earnings estimated at 97 cents per share and revenues of $7.34 billion, reflecting a year-over-year revenue increase of 28.07% despite a 2% downward revision in earnings estimates over the past 60 days [1] Group 1: Earnings and Financial Performance - The Zacks Consensus Estimate indicates a projected earnings increase of 6.59% from the previous year [1] - NextEra has a history of beating earnings estimates, with an average surprise of 6.5% over the last four quarters [2] - The company has an Earnings ESP of +2.33%, suggesting a likely earnings beat this quarter [3] Group 2: Market Position and Competitive Advantage - NextEra's Florida Power & Light Company is benefiting from improving economic conditions in Florida, leading to new customer additions and lower utility bills, which are nearly 40% below the national average [6][18] - The Energy Resources unit has a backlog of over 25 gigawatts in signed contracts, indicating strong growth in clean power generation [7] - The company is well-positioned to capitalize on increasing power demand in the U.S., supported by its scale, experience, and growing renewables and storage portfolio [9] Group 3: Industry Trends and Future Outlook - Rising demand from big data centers and oil and gas companies in the Permian Basin is driving growth, with partnerships to develop gas-fired generation to meet these needs [8] - The company is focused on deploying low-cost, fast-to-deploy renewable energy solutions, which helps maintain competitive pricing for customers [8] - Improving economic conditions in Florida and growing clean energy demand create a strong long-term opportunity for NextEra's renewable generation units [19] Group 4: Financial Metrics and Valuation - NextEra's trailing 12-month return on equity (ROE) is 11.85%, outperforming the industry average of 9.77%, indicating efficient use of shareholders' equity [13] - The company is currently trading at a premium valuation with a forward 12-month P/E of 17.62X compared to the industry average of 14.25X [15] - The decline in interest rates is expected to benefit the capital-intensive utility sector, although the premium valuation suggests a cautious approach to investment [17]

The stock market is having a rough start to the year. The S&P 500 is down about 15% from its recent peak. Many stocks have fallen even more. Despite its robust growth, Broadcom shares have sunk more than 30% from their recent peak. That has knocked its valuation down to about 25.7 times forward earnings. While that's not exorbitant for a company growing as fast as Broadcom, it's higher than the broader market indexes. The S&P 500 trades at less than 20 times its forward earnings, while the Nasdaq-100 fetche ...

Core Viewpoint - Wall Street analysts anticipate NextEra Energy (NEE) to report quarterly earnings of $0.95 per share, reflecting a year-over-year increase of 4.4%, with revenues expected to reach $7.04 billion, up 22.9% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 11.3% in the last 30 days, indicating a reassessment by analysts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions and have shown a strong correlation with short-term stock performance [2] Key Metrics Forecast - Analysts project 'Operating Revenues- NextEra Energy Resources (NEER)' to be $3.02 billion, representing a 62% increase from the prior year [4] - 'Operating Revenues- Florida Power & Light (FPL)' is expected to reach $4.30 billion, indicating a year-over-year change of 12.2% [4] Operating Income Projections - 'Operating Income (Loss)- Florida Power & Light (FPL)' is forecasted at $1.80 billion, compared to $1.68 billion in the same quarter last year [5] - 'Operating Income (Loss)- NextEra Energy Resources (NEER)' is estimated to be $1.32 billion, a significant increase from $371 million in the previous year [5] Stock Performance - NextEra shares have shown a return of -6.9% over the past month, slightly underperforming compared to the Zacks S&P 500 composite's -6.3% change [5]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about NextEra Energy (NEE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.NextEra currently has an average brokerage recommendation ...