Why Is NextEra (NEE) Up 4.6% Since Last Earnings Report?

Core Insights - NextEra Energy reported strong Q3 2025 earnings, with adjusted earnings per share of $1.13, exceeding estimates by 8.7% and showing a year-over-year increase of 9.7% [2] - Total operating revenues for Q3 were $7.96 billion, a 5.3% increase year-over-year, but fell short of the consensus estimate of $8.11 billion by 1.86% [3] - The company reaffirmed its 2025 earnings guidance, expecting earnings per share in the range of $3.45-$3.70, slightly below the consensus estimate of $3.68 [11] Financial Performance - Adjusted earnings per share for Q3 2025 were $1.13, up from $1.03 in the previous year [2] - GAAP earnings per share for Q3 were $1.18 compared to $0.90 in the same quarter last year [2] - Operating revenues for Florida Power & Light Company were approximately $5.29 billion, a 7% increase from $4.94 billion in the prior year [4] - NextEra Energy Resources reported revenues of $2.56 billion, slightly down from $2.58 billion year-over-year [4] Segment Analysis - Florida Power & Light Company contributed significantly to revenue growth, driven by capital expenditures of around $2.5 billion in Q3 [6] - NextEra Energy Resources added 3 gigawatts to its backlog, bringing the total to 29.6 gigawatts [7] - Corporate and Other segment revenues increased to $115 million from $43 million year-over-year, although it reported a wider operating loss of 11 cents per share compared to a loss of 7 cents in the previous year [5] Strategic Developments - NextEra Energy signed agreements with Google to enhance U.S. nuclear leadership and support clean energy demands from AI, planning to restart the 615-MW Duane Arnold Energy Center [8] - The company aims to add 36,500-46,500 MW of renewable power projects to its portfolio from 2024 to 2027 [12] Financial Position - As of September 30, 2025, NextEra Energy had cash and cash equivalents of nearly $2.39 billion, up from $1.49 billion at the end of 2024 [10] - Long-term debt increased to $84.17 billion from $72.4 billion at the end of 2024 [10] - Cash flow from operating activities for the first nine months of 2025 was $9.98 billion, down from $11.27 billion in the same period of 2024 [10] Market Outlook - The consensus estimate for NextEra Energy's earnings has shifted by 12.92% over the past two months, indicating a flat trend in estimates revision [13] - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return in the coming months [15]