Financial Data and Key Metrics - Adjusted earnings per share for Q3 2024 increased approximately 10% year-over-year, driven by strong performance at FPL and Energy Resources [6] - FPL's regulatory capital employed grew by approximately 9.5% year-over-year, with expected average annual growth of 10% through 2025 [26] - FPL's Q3 2024 capital expenditures were approximately $2 billion, with full-year 2024 capital investment expected between $8 billion and $8.8 billion [27] - Energy Resources reported adjusted earnings growth of approximately 11% year-over-year, with adjusted EPS increasing by $0.04 [30] - Consolidated adjusted EPS for Q3 2024 was $1.03 per share, with long-term financial expectations remaining unchanged [32] Business Line Performance - FPL's retail sales increased 1% year-over-year, with weather-normalized growth of 1.6% [27] - Energy Resources added approximately 3 gigawatts to its backlog, bringing the total backlog to over 24 gigawatts [31] - FPL's solar portfolio sustained no significant damage during Hurricanes Helene and Milton, with less than 0.05% of solar panels affected [12] - FPL's smart grid technology investments avoided 185,000 outages during Hurricane Helene and 554,000 outages during Hurricane Milton [11] Market Performance - FPL restored power to 95% of affected customers within four days after Hurricane Milton's landfall [8] - FPL's underground distribution power lines performed more than 6x better in terms of outage rates compared to overhead lines [12] - U.S. data center power demand is expected to increase by approximately 460 terawatt hours from 2023 to 2030, driving significant renewables and storage demand [14] Strategic Direction and Industry Competition - The company added approximately 3 gigawatts to its backlog for the second consecutive quarter, bringing the four-quarter total to approximately 11 gigawatts [6] - Incremental framework agreements with two Fortune 50 customers could potentially add up to 10.5 gigawatts of renewables and storage projects by 2030 [6] - The company expects to more than double its renewable generation portfolio from 38 gigawatts to potentially 81 gigawatts by the end of 2027 [22] - Renewables and storage are seen as the lowest-cost generation and capacity resources, with new wind up to 60% cheaper and new solar up to 40% cheaper than new gas power generation [17] Management Commentary on Operating Environment and Future Outlook - The company highlighted the importance of a reliable and resilient power grid, especially with forecasts of a 6x increase in power demand growth over the next 20 years [13] - Management emphasized the need for low-cost, reliable energy to meet growing demand, with a focus on renewables, storage, and gas generation [16] - The company expects to deliver financial results at or near the top end of its adjusted EPS expectation ranges through 2027 [32] Other Important Information - FPL's preliminary estimate of restoration costs from Hurricanes Helene and Milton is approximately $1.2 billion, to be recovered through a surcharge in 2025 [28] - NextEra Energy Partners declared a quarterly distribution of $0.9175 per common unit, up nearly 6% from a year earlier [33] - The partnership increased its wind repowering target to approximately 1.9 gigawatts through 2026, up from the previous target of 1.3 gigawatts [34] Q&A Session Summary Question: Framework Agreements and Market Dynamics - The company explained that the framework agreements provide flexibility in allocating assets and create close partnerships with customers, enabling incremental business opportunities [38][39] - Management highlighted the significant demand for renewables and storage, driven by industries outside of technology, such as manufacturing and electrification [42][44] Question: Duane Arnold Nuclear Plant - The company is evaluating the recommissioning of the Duane Arnold nuclear plant, with strong interest from data center customers [45][47] - Management noted that the plant's simpler design (BWR) makes it more attractive for recommissioning compared to PWR designs [47] Question: NextEra Energy Partners (NEP) Strategy - The company is reviewing its capital allocation strategy for NEP, with a focus on growing underlying cash flow and addressing convertible equity portfolio financing obligations [49][50] - Management expressed a preference to remain the owner of NEP, given the significant growth opportunities in the power demand landscape [51][52] Question: Safe Harboring and Supply Chain - The company has fully derisked its safe harbor program through 2029 and has secured critical electrical equipment to avoid delays [54][55] - Management emphasized the importance of working with established developers to ensure timely project delivery [55] Question: Renewable Returns and Market Share - The company sees an upward trajectory in renewable returns, driven by strong demand and disciplined capital allocation [61] - Management expects to maintain or potentially increase its market share, balancing higher market share with higher margins [64] Question: Solar, Wind, and Storage Trends - Solar and storage are seeing strong tailwinds, while wind remains relatively weaker but still relevant in the mix of resources [65][66][67] - The company continues to pursue a balanced pipeline of solar, wind, and storage projects to meet customer needs [67] Question: Transmission Constraints and Framework Agreements - The company is not concerned about transmission constraints for Duane Arnold, given its large pipeline and ability to convert queue positions [69] - The framework agreements are expected to contribute to the midpoint of the company's development expectations, with potential for further growth [70][72] Question: Customer Supply Business - The customer supply business has normalized after high volatility in 2022, with margins and origination activity stabilizing [73][74]

NextEra Energy (NEE) reported $7.57 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.5%. EPS of $1.03 for the same period compares to $0.94 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $8.46 billion, representing a surprise of -10.53%. The company delivered an EPS surprise of +5.10%, with the consensus EPS estimate being $0.98.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

NextEra Energy (NEE) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.10%. A quarter ago, it was expected that this parent company of Florida Power & Light Co. Would post earnings of $0.93 per share when it actually produced earnings of $0.96, delivering a surprise of 3.23%.Over the ...

Exhibit 99 NextEra Energy, Inc. Media Line: 561-694-4442 Oct. 23, 2024 FOR IMMEDIATE RELEASE NextEra Energy reports third-quarter 2024 financial results • NextEra Energy delivers strong third-quarter 2024 results • FPL grows regulatory capital employed by approximately 9.5% year-over-year • NextEra Energy Resources adds approximately 3 gigawatts of new renewables and storage projects to its backlog and enters into incremental framework agreements with two Fortune 50 companies JUNO BEACH, Fla. - NextEra Ener ...

JUNO BEACH, Fla., Oct. 23, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its third-quarter 2024 financial results in a news release available on the company's website by accessing the following link: www.NextEraEnergy.com/FinancialResults.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 company's senior management team will discuss the co ...

In a surprising turn of events, the utilities sector has emerged as one of the best-performing sectors of 2024. Year-to-date (YTD), the Utilities Select Sector SPDR ETF NYSE: XLU is up nearly 30%, outpacing the QQQ ETF and the S&P 500 ETF NYSE: SPY, both of which have gained closer to 20%. This rally has defied expectations, driven by an interest rate cut, renewed nuclear energy initiatives, and even the rise of artificial intelligence (AI). Investors looking for growth beyond traditional tech and healthcar ...

NextEra Energy Inc. (NEE) is slated to report third-quarter 2024 results on Oct. 23, 2024.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for NEE’s third-quarter revenues is pegged at $8.17 billion, indicating a 13.88% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at $1.08 per share. The Zacks Consensus Estimate for NEE’s third-quarter earnings has remained the same in the past 60 days. The estimate suggests yea ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 brok ...

Analysts on Wall Street project that NextEra Energy (NEE) will announce quarterly earnings of $1.01 per share in its forthcoming report, representing an increase of 7.5% year over year. Revenues are projected to reach $8.17 billion, increasing 13.9% from the same quarter last year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior ...

The latest trading session saw NextEra Energy (NEE) ending at $83.78, denoting a -0.72% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.04%. The parent company of Florida Power & Light Co.'s shares have seen an increase of 0.13% over the last month, surpassing the Utilities sector's loss of 0.69% and falling behind the S&P 500's gain of 3.77%. Analysts and investors alike will be ke ...