NextEra Energy's Q3 Earnings Beat Estimates, Revenues Up Y/Y

Core Insights - NextEra Energy, Inc. (NEE) reported third-quarter 2025 adjusted earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $1.04 by approximately 8.7%, and reflecting a year-over-year increase of nearly 9.7% [1][9] - The company's total operating revenues for the quarter were $7.96 billion, falling short of the Zacks Consensus Estimate of $8.11 billion by 1.86%, but showing a year-over-year improvement of 5.3% [2] - Florida Power & Light Company (FPL) segment revenues increased by 7% to nearly $5.29 billion, while NextEra Energy Resources reported revenues of $2.56 billion, slightly down from the previous year's $2.58 billion [3][4] Financial Performance - GAAP earnings per share for the third quarter were $1.18, compared to 90 cents in the same period last year [1] - Cash and cash equivalents stood at nearly $2.39 billion as of September 30, 2025, up from $1.49 billion on December 31, 2024 [10] - Long-term debt increased to $84.17 billion as of September 30, 2025, from $72.4 billion at the end of 2024 [10] Segment Analysis - FPL's earnings per share rose to 71 cents from 63 cents year-over-year, driven by ongoing business investments [3] - NextEra Energy Resources' earnings per share improved to 53 cents from 47 cents in the prior-year quarter [3] - Corporate and Other segment reported operating revenues of $115 million, up from $43 million in the year-ago period, but incurred a wider operating loss of 11 cents per share compared to a loss of 7 cents previously [4] Strategic Developments - NextEra Energy announced two agreements with Google to enhance U.S. nuclear leadership and supply clean nuclear energy to meet growing energy demands from artificial intelligence [7] - The company plans to restart its 615-MW Duane Arnold Energy Center to provide carbon-free nuclear energy for 25 years under the agreement with Google [7] Future Outlook - NextEra Energy reaffirmed its 2025 earnings guidance in the range of $3.45-$3.70 per share, with a midpoint of $3.575, slightly below the Zacks Consensus Estimate of $3.68 [11] - The company expects adjusted earnings per share for 2026 and 2027 to be in the range of $3.63 to $4.00 and $3.85 to $4.32, respectively, with an anticipated earnings growth rate of approximately 6-8% through at least 2026 [11][12]