Group 1: Earnings Reports Overview - Earnings season is likened to traveling, with excitement leading to overwhelming moments when results are released [1] - The focus is on monitoring a wide range of earnings reports, not just the high-profile companies [2] Group 2: Company-Specific Insights - **Celestica Inc (CLS)**: The stock is off its record high of $363.40 but has shown a positive trend with a 100-day moving average increase. It has posted four consecutive post-earnings gains, with an implied earnings deviation of 14.7% [4][6] - **Nucor Corp (NUE)**: The company benefits from tariff dynamics and increased demand in the infrastructure sector. Its implied earnings deviation is 3.5%, which is below its two-year historical average [6] - **NextEra Energy (NEE)**: As the largest electric utility by market capitalization, it has seen muted post-earnings moves, indicating a focus on dividends rather than volatility. The implied earnings deviation is 5.0% [7] - **UnitedHealth Group (UNH)**: The first major health insurer to report, with recent price action being flat. Historical volatility has been influenced by an earnings miss in April 2025, with an implied earnings deviation of 5.3% [8][13]

Financial Data and Key Metrics Changes - NextEra Energy reported full-year adjusted earnings per share of $3.71, an increase of over 8% from 2024, slightly exceeding previous guidance [4] - The company expects to grow adjusted earnings per share at a compound annual growth rate of 8%+ through 2032 and maintain the same growth rate from 2032 to 2035, based on the 2025 earnings [4][33] - For the full year 2025, NextEra Energy's adjusted earnings per share from the corporate and other segment decreased by $0.12 year-over-year, primarily due to higher interest costs [32] Business Line Data and Key Metrics Changes - Florida Power & Light (FPL) reported earnings per share increased by $0.21 compared to 2024, driven by regulatory capital employed growth of approximately 8.1% [27] - FPL's capital expenditures for 2025 totaled approximately $8.9 billion, with a reported return on equity for regulatory purposes expected to be around 11.7% [27][28] - Energy Resources added approximately 13.5 GW to its backlog, including a record quarter of 3.6 GW, and placed 7.2 GW of projects into commercial operations, marking a record for a single year [13][31] Market Data and Key Metrics Changes - FPL's retail sales increased by 1.7% year-over-year on a weather-normalized basis, driven by strong customer growth, adding over 90,000 customers in the fourth quarter of 2025 [29] - Florida's economy is robust, with an annual gross domestic product of approximately $1.8 trillion, making it the 15th largest economy globally [29] Company Strategy and Development Direction - NextEra Energy is focused on executing its strategic plan with over 12 growth opportunities, emphasizing the need for more energy infrastructure in the U.S. [6] - FPL plans to invest between $90 billion and $100 billion through 2032 to support Florida's growth while keeping customer bills low [7] - The company is advancing its gas transmission business and has secured approximately $5 billion in new projects since 2023 [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet growing power demand and highlighted the importance of being a proven energy infrastructure builder [4][25] - The management team noted that the current economic environment presents significant opportunities for growth, particularly in renewable energy and battery storage [15][24] - The company is also leveraging artificial intelligence to enhance operations and improve grid reliability [24] Other Important Information - NextEra Energy has secured solar panels and battery storage to meet development expectations through 2029, providing a competitive advantage [14][15] - The company has a strong balance sheet and is well-positioned to support large-scale energy projects, particularly for hyperscalers [19][21] Q&A Session Summary Question: How does Google's acquisition of Intersect fit with NextEra's partnership with Google? - Management stated that the acquisition has no impact on their partnership, emphasizing NextEra's strong position and flexibility in energy development compared to smaller developers [36][39] Question: What are the gating items for large load agreements in Florida? - Management indicated that customers are waiting for legislative outcomes regarding water usage and other local requirements before moving forward with agreements [73][75] Question: What does success in 2026 look like for NextEra? - Management outlined that success would involve meeting development expectations and making significant announcements regarding large load projects in Florida [49][51]

NextEra Energy (NYSE:NEE) Q4 2025 Earnings call January 27, 2026 09:00 AM ET Company ParticipantsArmando Pimentel - CEOBrian Bolster - President and CEOJohn Ketchum - Chairman, President and CEOMark Eidelman - Head of Investor RelationsMark Hickson - EVPMike Dunne - EVP and CFOConference Call ParticipantsJulien Dumoulin-Smith - Managing Director and Senior Equity Research AnalystOperatorGood morning, and welcome to the NextEra Energy, Inc. fourth quarter and full year 2025 earnings conference call. All part ...

NextEra Energy (NYSE:NEE) Q4 2025 Earnings call January 27, 2026 09:00 AM ET Speaker6Good morning, and welcome to the NextEra Energy, Inc. fourth quarter and full year 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press Star then one on a touch-tone phone. To withdraw y ...

Industry Overview - The Utility-Electric Power industry is focused on generating and delivering electricity to millions of customers in the U.S., with a strong shift towards cleaner fuel sources and reduced carbon emissions, supported by government initiatives [1] - The industry is investing in grid modernization and infrastructure improvements to enhance resilience against natural disasters like hurricanes, which helps in reducing outages and restoring power more quickly [1] Trends Impacting the Industry - Interest rates have decreased from a range of 5.25-5.50% to 3.75-4.00%, which is beneficial for utilities that rely on capital markets for financing infrastructure investments [4] - The share of U.S. electricity generation from renewables is projected to rise from 23% in 2025 to 28% in 2027, driven by growth in solar and wind capacity, aided by the Inflation Reduction Act [5] - Electricity consumption in the U.S. is expected to increase by 1% in 2026 and 3% in 2027, with prices for electricity also projected to rise across industrial, commercial, and residential sectors [6] Industry Performance - The Utility-Electric Power industry has outperformed the S&P 500 and its own sector over the past 12 months, gaining 24.2% compared to the sector's 21% and the S&P 500's 16.5% [10] - The industry's Zacks Rank is 87, placing it in the top 36% of over 244 Zacks industries, indicating positive near-term prospects [8][9] Valuation Metrics - The industry is currently trading at an EV/EBITDA multiple of 13.24X, compared to the S&P 500's 18.9X and the Utility sector's 12.48X, with historical trading ranges between 12.27X and 21.31X over the past five years [13] Investment Opportunities - NextEra Energy plans to invest over $74 billion through 2029 to modernize infrastructure and increase clean energy generation, with a long-term earnings growth forecast of 8.08% and a dividend yield of 2.67% [19][20] - Ameren Corporation expects to deploy over $26.3 billion in capital from 2025 to 2029, with a long-term earnings growth estimate of 8.52% and a dividend yield of 2.78% [23][24] - Alliant Energy anticipates long-term capital expenditures of $13.4 billion from 2026 to 2029, with a long-term earnings growth forecast of 7.15% and a dividend yield of 3.04% [27][28] - Pinnacle West Capital has a capital investment plan of $8 billion for 2026-2028, with a long-term earnings growth estimate of 3.56% and a dividend yield of 3.95% [31][32]

分组1 - NextEra Energy reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, and showing a slight increase from $0.53 per share a year ago, resulting in an earnings surprise of +1.89% [1] - The company posted revenues of $6.5 billion for the quarter ended December 2025, which was below the Zacks Consensus Estimate by 0.33%, and an increase from $5.39 billion year-over-year [2] - NextEra has surpassed consensus EPS estimates for the last four quarters but has not beaten revenue estimates during the same period [2] 分组2 - The stock has gained approximately 6.5% since the beginning of the year, outperforming the S&P 500's gain of 1.5% [3] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at $0.90 for the coming quarter and $3.99 for the current fiscal year [7] - The Utility - Electric Power industry, to which NextEra belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Fourth Quarter and Full Year 2025 Earnings Conference Call See Appendix for definition of Adjusted Earnings, Adjusted EBITDA and Adjusted EBITDA by Asset Category expectations. 2 NextEra Energy had strong operational and financial performance at both FPL and Energy Resources in 2025 January 27, 2026 1 Cautionary Statements and Risk Factors That May Affect Future Results This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materi ...

Core Insights - NextEra Energy exceeded Wall Street estimates for fourth-quarter adjusted profit, driven by increased power demand and robust performance in its renewables segment [1] Group 1 - The company reported a strong performance in the fourth quarter, indicating resilience in its operations [1] - Higher power demand contributed significantly to the company's financial results, showcasing the growing need for energy [1] - The renewables unit demonstrated strength, reflecting the ongoing transition towards sustainable energy sources [1]

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2025 fourth-quarter net income attributable to NextEra Energy on a GAAP basis of $1.535 billion, or $0.73 per share, compared to $1.203 billion, or $0.58 per share, for the fourth quarter of 2024. On an adjusted basis, NextEra Energy's 2025 fourth-quarter earnings were $1.133 billion, or $0.54 per share, compared to $1.095 billion, or $0.53 per share, in the fourth quarter of 2024. For the full year 2025, NextEra Energy reported net income a ...

Core Viewpoint - NextEra Energy, Inc. has released its fourth-quarter and full-year 2025 financial results, which are available on the company's website [1][2]. Company Overview - NextEra Energy, Inc. is one of the largest electric power and energy infrastructure companies in North America, providing electricity to American homes and businesses [3]. - The company is headquartered in Juno Beach, Florida, and is a Fortune 200 company that owns Florida Power & Light Company, the largest electric utility in America, serving approximately 12 million people in Florida [3]. - NextEra Energy also owns NextEra Energy Resources, LLC, one of the largest energy infrastructure development companies in the U.S., focusing on a diverse mix of energy sources including natural gas, nuclear, renewable energy, and battery storage [3].