NextEra Energy (NEE) investor relations material

Executive summary

• Adjusted earnings per share rose 10% year-over-year in Q1 2026, reaching $1.09, driven by strong performance at both regulated (FPL) and unregulated (Energy Resources) businesses.

• Net income attributable to shareholders increased to $2.182 billion ($1.04 per share) from $833 million ($0.40 per share) in Q1 2025.

• FPL added nearly 100,000 customers year-over-year, reflecting robust population and economic growth in Florida.

• Energy Resources achieved a record quarter, adding 4 GW of new long-term contracted renewables and storage projects to backlog, now totaling approximately 33 GW.

• Strategic initiatives include the Rewire AI transformation with Google Cloud and the BYOG model for hyperscalers.

Financial highlights

• Adjusted earnings for Q1 2026 were $2.275 billion, up from $2.038 billion in Q1 2025.

• FPL net income rose to $1.462 billion ($0.70 per share) from $1.316 billion ($0.64 per share) year-over-year.

• Energy Resources adjusted net income grew to $1.038 billion, with EPS up to $0.50 from $0.44.

• Operating revenues for Q1 2026 were $6.701 billion, up from $6.247 billion in Q1 2025.

• Consolidated adjusted earnings per share guidance for 2026 remains $3.92–$4.02, targeting the high end.

Outlook and guidance

• Targeting 8%+ compound annual growth rate in adjusted EPS through 2032, with similar growth targeted through 2035.

• Dividend per share growth targeted at 10% per year through 2026, then 6% per year from 2026 through 2028.

• FPL's bills projected to grow about 2% annually through the end of the decade, remaining below the national average.

• Operating cash flow expected to meet or exceed EPS growth rate.

• Management expects continued growth driven by investments in clean energy and infrastructure.