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 September 30, 2023 | | | Name of exchange | | --- | --- | --- | | Title of each class | Trading Symbol | on which registered | | Common units | NEP | New York Stock Exchange | Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ...

Financial Data and Key Metrics Changes - NextEra Energy reported a strong third-quarter performance with adjusted earnings per share growth of approximately 10.6% year-over-year [1] - Energy Resources achieved adjusted earnings growth of approximately 21% year-over-year, with contributions from new investments increasing by $0.11 per share, while existing clean energy portfolio declined by $0.02 per share due to weaker wind resources [9][30] - FPL's earnings per share increased by $0.04 year-over-year, driven by a regulatory capital employed growth of approximately 13.6% [47] Business Line Data and Key Metrics Changes - FPL's capital expenditures for the quarter were approximately $2.6 billion, with full-year 2023 capital investments expected to be between $9 billion and $9.5 billion [47] - Energy Resources had a record quarter with new renewables and storage origination of approximately 3,245 megawatts, marking the first time exceeding three gigawatts in a single quarter [49] - NextEra Energy Partners' third-quarter adjusted EBITDA was $488 million, and cash available for distribution was $247 million [58] Market Data and Key Metrics Changes - FPL's retail sales increased by 3% year-over-year, attributed to warmer weather, with a solid underlying growth of roughly 1% on a weather-normalized basis [48] - The backlog for Energy Resources now totals over 21 gigawatts after accounting for new projects placed into service [49] - The expected returns on equity for the backlog are mid-teens for solar and over 20% for wind and storage [36] Company Strategy and Development Direction - NextEra Energy Partners is focused on executing its growth plan, which includes repowering approximately 1.3 gigawatts of wind projects and acquiring assets at favorable yields [17] - The company aims to achieve LP distribution growth of 6% through at least 2026, with repowerings contributing to this objective [4][57] - NextEra Energy is committed to maintaining a strong balance sheet and cost-of-capital advantages to support long-term value delivery for shareholders [28][90] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding resilient demand for renewable energy, supported by strong additions to the backlog [3] - The company anticipates continued average annual growth in operating cash flow at or above the adjusted EPS compound annual growth rate range from 2021 to 2026 [16] - Management highlighted the importance of a strong balance sheet in navigating the current higher cost of capital environment, which provides a competitive advantage over smaller developers [19][68] Other Important Information - FPL's reported ROE for regulatory purposes is approximately 11.8%, with expectations for capital investments of $32 billion to $34 billion over the current four-year settlement agreement [29] - The company plans to transfer approximately $400 million in tax credits in 2023, growing to approximately $1.6 billion to $1.8 billion by 2026 [34] - NextEra Energy has executed roughly $1.9 billion to hedge refinancing costs for 2024 and 2025 maturities [85] Q&A Session Summary Question: Update on the Texas pipeline sale process - Management is diligently working on the sales process and aims to maximize value for unit holders despite a challenging macroeconomic environment [97] Question: Impact of higher PPA pricing on demand in the renewables market - Management noted strong signings in the quarter, indicating robust demand and a good mix of technologies and customer types [69] Question: Composition of the $25 billion to $35 billion project tax equity and tax credit transferability - Management indicated a potential 50-50 split between tax equity and project finance, expressing confidence in accessing tax equity despite regulatory challenges [133]

NextEra Energy Partners, LP (NYSE:NEP) 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 ...

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 June 30, 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 | Exact name of registrant as specified in its | IRS Employer | | File | charter, address of principal execu ...

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 | Exact name of registrant as specified in its | IRS Employer | | File | charter, address of principal exec ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ | Commission | Exact name of registrant as specified in its | IRS Employer | | --- | --- | --- | | File | charter, address of principal ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from ________ to ________ | | | --- | --- | --- | | Commission | Exact name of registrant as specified in its | IRS Employer | | File | charter, address of principal ...

Barclays Energy-Power Conference 1 Kirk Crews Executive VP and CFO, NextEra Energy NEXTera energy® PARTNERS W 2 Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. The forward-looking statements included herein are based, in part, upon federal and state tax laws in place prior to the enactment of H.R. 5376, or the Inflation Reduction Act of 2022, on August 16, 2022. Actual results coul ...

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 June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from ________ to ________ | | | --- | --- | --- | | Commission | Exact name of registrant as specified in its | IRS Employer | | File | charter, address of principal execu ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from ________ to ________ | | | --- | --- | --- | | Commission | Exact name of registrant as specified in its | IRS Employer | | File | charter, address of principal exec ...