NextEra Energy (NEE) closed the latest trading day at $61.57, indicating a +1.37% change from the previous session's end. This change outpaced the S&P 500's 0.57% loss on the day. On the other hand, the Dow registered a gain of 0.07%, and the technology-centric Nasdaq decreased by 1.64%.The parent company of Florida Power & Light Co.'s stock has climbed by 3.53% in the past month, exceeding the Utilities sector's gain of 1.01% and lagging the S&P 500's gain of 4%.The investment community will be closely mon ...

pidjoe Thesis: NextEra Energy (NYSE:NEE) has had a surprisingly volatile 2023 for a blue-chip utility stock and is currently down 30% across the last year. This extreme weakness represents an opportunity to be greedy and accumulate shares for a promising 2024. Pairing strong dividend growth, a commanding positioning in the industry, and a picture-perfect macroeconomic backdrop for utilities make NextEra Energy a strong buy with significant upside for 2024. Overview: NextEra Energy is a utility sector gi ...

NextEra Energy (NEE 0.61%) has an enviable dividend record, with a massive commitment to rewarding investors well via a growing disbursement. That's perhaps not all that shocking given that it is a utility, a type of company known for paying reliable dividends.But there's more to the story when you start to look at the growth rate of the dividend, which could make this stock a great pick for investors who not only care about dividends, but dividend growth as well. Here's a quick look at why NextEra Energy i ...

Share prices of NextEra Energy (NEE -2.81%) have fallen 27.1% so far in 2023, leaving the dividend yield at 3.1%. That's simply too cheap to pass up for a dividend that's grown at an 11% compound annual growth rate since 2023.The utility faced pressure from higher interest rates and the potential that some renewable energy projects won't be built economically, but in the long term this is one of the best utilities in the country, and a stock dividend investors will want to buy and forget about.NextEra's cor ...

Financial Performance - Operating revenues for Q3 2023 were $7,172 million, a 6.7% increase from $6,719 million in Q3 2022[21] - Net income attributable to NextEra Energy (NEE) for Q3 2023 was $1,219 million, down 28.2% from $1,696 million in Q3 2022[21] - Earnings per share attributable to NEE for Q3 2023 were $0.60, compared to $0.86 in Q3 2022, reflecting a decrease of 30.2%[21] - Comprehensive income attributable to NEE for Q3 2023 was $1,192 million, down from $1,641 million in Q3 2022, representing a decrease of 27.3%[23] - Net income for the nine months ended September 30, 2023, was $5,367 million, a significant increase from $1,979 million in 2022, representing a growth of approximately 171%[29] - Net income for the nine months ended September 30, 2023, was $3,406 million, compared to $2,939 million for the same period in 2022, reflecting an increase of 15.9%[47] - NEE's net income (loss) decreased by $885 million for the three months ended September 30, 2023, while it increased by $3,383 million for the nine months[207] Operating Expenses - Total operating expenses for Q3 2023 were $5,343 million, an increase of 6.3% from $5,028 million in Q3 2022[21] - Operating expenses for the nine months ended September 30, 2023, increased by $400 million, primarily due to a $226 million rise in O&M expenses and a $213 million increase in depreciation and amortization[214] Assets and Liabilities - Total assets as of September 30, 2023, were $171,674 million, an increase from $158,935 million as of December 31, 2022[27] - Total liabilities as of September 30, 2023, were $115,106 million, compared to $109,499 million as of December 31, 2022, indicating an increase of 5.0%[27] - The company reported a total current liabilities of $8,652 million as of September 30, 2023, compared to $7,843 million at the end of 2022, an increase of 10.3%[45] - The company’s long-term debt increased to $59,183 million as of September 30, 2023, from $55,256 million as of December 31, 2022, reflecting a rise of 3.5%[27] Cash Flow - Net cash provided by operating activities increased to $8,423 million in 2023 from $7,267 million in 2022, reflecting a rise of about 16%[29] - The company reported net cash used in investing activities of $18,777 million, compared to $13,849 million in 2022, marking an increase of about 35%[29] - Cash paid for interest (net of amount capitalized) was $1,797 million for the nine months ended September 30, 2023, compared to $828 million in 2022[29] Capital Expenditures - Total capital expenditures for FPL were $7,279 million, up from $6,021 million in the previous year, indicating an increase of approximately 21%[29] - Capital expenditures for the nine months ended September 30, 2023, totaled $7,279 million, compared to $6,021 million in 2022, reflecting an increase of 20.9%[47] - NextEra Energy expects estimated capital expenditures of approximately $35.855 billion from 2023 through 2027, with significant investments in generation, transmission, and distribution[160] Dividends - Dividends on common stock for the three months ended September 30, 2023, were $946 million, with a dividend per share of $0.4675[32] - Dividends to NEE for the nine months ended September 30, 2023, were $3,565 million, compared to $2,000 million in 2022, indicating an increase of 78.3%[47] Derivative Instruments and Risks - NEE and FPL utilize derivative instruments to manage risks associated with fuel and electricity purchases, with fair value changes recorded as regulatory assets or liabilities[55] - NEE's total derivative assets amounted to $3,737 million, while total derivative liabilities were $2,664 million, resulting in a net derivative asset position of $1,073 million[68] - The aggregate fair value of NEE's derivative instruments with credit-risk-related contingent features in a liability position was approximately $4.2 billion as of September 30, 2023[86] Legal and Regulatory Matters - The company is involved in ongoing legal proceedings, including a class action lawsuit related to service interruptions from Hurricane Irma, which could impact its financial condition[175] - The Florida Public Service Commission (FPSC) approved FPL's request to recover a 2022 fuel under-recovery of approximately $2.1 billion over 21 months, effective April 2023[147] Acquisitions and Investments - NextEra Energy Resources acquired a portfolio of renewable energy projects for approximately $1.1 billion in cash and the assumption of $34 million in debt, consisting of 31 biogas projects[117] - In June 2023, NextEra Energy Resources sold five wind and three solar generation facilities with a total capacity of 688 MW for approximately $566 million[151] Miscellaneous - NEE is the world's largest generator of renewable energy from wind and solar based on 2022 MWh produced on a net generation basis[184] - NEE's effective income tax rates for the three months ended September 30, 2023, were approximately (5)%, compared to 17% for the same period in 2022[195]

8% 6% 4% 2% 0% 2) Increases in customers and decreases in inactive accounts reflect the acceleration in customer growth resulting from the automatic disconnection of unknown KW usage (UKU) premises 3) Source: Bureau of Labor Statistics, Labor participation and unemployment through August 2023 4) Source: The Census Bureau through August 2023; three-month moving average 6 Energy Resources' adjusted earnings per share contribution increased 6 cents from the prior-year comparable quarter Energy Resources Result ...

NextEra Energy, Inc. (NYSE:NEE) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET Company Participants John Ketchum - Chairman, President, Chief Executive Officer of NextEra Energy Kirk Crews - Executive Vice President, Chief Financial Officer of NextEra Energy Rebecca Kujawa - President, Chief Executive Officer of NextEra Energy Resources Mark Hickson - Executive Vice President of NextEra Energy Armando Pimentel - President, Chief Executive Officer, Florida Power & Light Company Kristin Rose - Dir ...

Financial Performance - Operating revenues for Q2 2023 reached $7,349 million, a 42% increase from $5,183 million in Q2 2022[22] - Net income attributable to NextEra Energy (NEE) for the first half of 2023 was $4,881 million, compared to $929 million in the same period of 2022, representing a significant increase[22] - Earnings per share attributable to NEE for Q2 2023 was $1.38, up from $0.70 in Q2 2022, reflecting a 97% increase[22] - Comprehensive income attributable to NEE for Q2 2023 was $2,795 million, compared to $1,341 million in Q2 2022[24] - Net income for the six months ended June 30, 2023, was $4,349 million, a significant increase from $420 million in the same period of 2022[30] - Net income attributable to NEE for Q2 2023 was $2,795 million, compared to $1,380 million for the same period in 2022, representing a 102% increase[137] Assets and Liabilities - Total assets as of June 30, 2023, were $168,275 million, an increase from $158,935 million at the end of 2022[28] - Total liabilities increased to $113,899 million as of June 30, 2023, compared to $109,499 million at the end of 2022[28] - The company’s retained earnings increased to $29,711 million as of June 30, 2023, from $26,707 million at the end of 2022[28] - Total common equity increased to $44,793 million as of June 30, 2023, from $39,229 million at the end of 2022[32] - Long-term debt as of June 30, 2023, was $23,307 million, up from $19,455 million at the end of 2022[47] Cash Flow and Capital Expenditures - Cash flows from operating activities provided $4,759 million, slightly down from $4,793 million year-over-year[30] - Capital expenditures of FPL totaled $4,664 million, compared to $4,007 million in the previous year[30] - Net cash used in investing activities increased to $12,814 million from $9,308 million in the prior year[30] - Total capital expenditures for NEER from 2023 to 2027 are estimated at $14.38 billion, with significant investments in clean energy projects[158] - Estimated capital expenditures for Florida Power & Light (FPL) from 2023 to 2027 total approximately $38.31 billion, with $14.16 billion allocated for new generation projects[158] Debt and Interest - Interest expense for the first half of 2023 was $1,318 million, compared to $359 million in the same period of 2022, indicating increased borrowing costs[22] - Cash paid for interest increased to $1,151 million from $666 million year-over-year[30] - NEE's notional amount of interest rate contracts was approximately $20.4 billion as of June 30, 2023, up from $19.7 billion at December 31, 2022[89] - Significant long-term debt issuances during the six months ended June 30, 2023, included $4,500 million in first mortgage bonds with interest rates ranging from 4.40% to 5.30%[135] Revenue Sources - For the three months ended June 30, 2023, NEE's revenue from contracts with customers was approximately $6.3 billion, with FPL contributing $4.8 billion, compared to $5.9 billion and $4.4 billion for the same period in 2022, respectively[55] - For the six months ended June 30, 2023, NEE's total revenue was $12.0 billion, with FPL accounting for $8.7 billion, compared to $11.0 billion and $8.1 billion for the same period in 2022[55] - The majority of FPL's revenues are derived from tariff-based sales with no defined contractual term, primarily to residential customers[56] Risk Management and Derivatives - NEE and FPL utilize derivative instruments to manage risks associated with fuel and electricity purchases, as well as interest rate and foreign currency exchange rate risks[59] - NEE's risk management activities involve the use of derivative instruments to optimize the value of its power generation and gas infrastructure assets[60] - As of June 30, 2023, NEE's total derivative assets amounted to $3,719 million, while total derivative liabilities were $3,059 million, resulting in a net fair value of $660 million[72] - NEE's commodity contracts included $2,832 million in Level 1 assets and $6,283 million in Level 2 assets, with a total net position of $3,183 million after netting[72] Legal and Regulatory Matters - NEE is involved in a securities class action lawsuit filed in June 2023, alleging lack of disclosures regarding legal and reputational risks, with unspecified damages sought[173] - FPL is currently defending against a class action lawsuit related to service interruptions from Hurricane Irma, with no trial date set[172] - The Florida Public Service Commission (FPSC) approved a recovery of approximately $2.1 billion for fuel under-recovery over 21 months starting April 2023, along with additional mid-course corrections totaling $635 million[147] Investments and Acquisitions - On March 21, 2023, NEE acquired a portfolio of renewable energy projects for approximately $1.1 billion in cash and assumed $34 million in debt[120] - The acquisition resulted in approximately $0.3 billion of goodwill recognized on NEE's balance sheet as of June 30, 2023[121] - NextEra Energy Resources completed the sale of five wind generation facilities and three solar generation facilities for cash proceeds of approximately $566 million, plus working capital of $32 million in June 2023[150] Customer and Service Metrics - FPL served approximately 5.8 million customer accounts in Florida, making it one of the largest electric utilities in the U.S.[178] - FPL's retail customers, which account for approximately 90% of its operating revenues, are billed monthly based on kWh usage[56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number Exact name of registrants as specified in their charters, address of principal executive offices and registrants' telephone n ...

NextEra Energy, Inc. (NYSE:NEE) Q1 2023 Earnings Conference Call April 25, 2023 9:00 AM ET Company Participants Kirk Crews - Executive Vice President & Chief Financial Officer of NextEra Energy John Ketchum - Chairman President & Chief Executive Officer of NextEra Energy Rebecca Kujawa - President & Chief Executive Officer, NextEra Energy Resources Armando Pimentel - President & Chief Executive Officer, Florida Power & Light Company Conference Call Participants Steve Fleishman - Wolfe Research Julien Dumoul ...