WS Investor
28 Oct 2025, 15:18
NextEra Energy Delivers Strong Q3 2025 Results, Partners with Google on Nuclear Energy Initiative
NextEra Energy (NYSE: NEE) reported third-quarter 2025 GAAP net income of $2.44 billion ($1.18 per share), up from $1.85 billion ($0.90 per share) a year earlier. Adjusted earnings rose 9.7% year over year to $2.35 billion ($1.13 per share), driven by solid performances from both Florida Power & Light (FPL) and NextEra Energy Resources.
CEO John Ketchum said the company is positioned to deliver results at the top of its 2025–2027 earnings guidance range and highlighted a landmark collaboration with Google to expand nuclear energy in the U.S. The partnership includes the planned restart of the 615-megawatt Duane Arnold Energy Center in Iowa and a joint exploration of advanced nuclear development to power AI and cloud growth.
FPL posted net income of $1.46 billion ($0.71 per share), up from $1.29 billion in Q3 2024, supported by $2.5 billion in quarterly capital investments and an 8% increase in regulatory capital employed. The utility’s proposed four-year rate settlement (2026–2029) is expected to keep customer bills roughly 20% lower than 20 years ago (inflation-adjusted), with only modest increases through 2029.
NextEra Energy Resources earned $1.10 billion on an adjusted basis ($0.53 per share), up from $979 million a year ago, adding 3 gigawatts of new renewables and storage projects to its backlog, which now totals nearly 30 GW. The company expects the Duane Arnold plant—once recommissioned—to contribute up to $0.16 in annual adjusted EPS over its first decade.
NextEra reaffirmed its earnings guidance, projecting 2025 EPS of $3.45–$3.70, 2026 EPS of $3.63–$4.00, and 2027 EPS of $3.85–$4.32, with dividend growth of roughly 10% per year through at least 2026.
NextEra Energy (NYSE: NEE) reported third-quarter 2025 GAAP net income of $2.44 billion ($1.18 per share), up from $1.85 billion ($0.90 per share) a year earlier. Adjusted earnings rose 9.7% year over year to $2.35 billion ($1.13 per share), driven by solid performances from both Florida Power & Light (FPL) and NextEra Energy Resources.
CEO John Ketchum said the company is positioned to deliver results at the top of its 2025–2027 earnings guidance range and highlighted a landmark collaboration with Google to expand nuclear energy in the U.S. The partnership includes the planned restart of the 615-megawatt Duane Arnold Energy Center in Iowa and a joint exploration of advanced nuclear development to power AI and cloud growth.
FPL posted net income of $1.46 billion ($0.71 per share), up from $1.29 billion in Q3 2024, supported by $2.5 billion in quarterly capital investments and an 8% increase in regulatory capital employed. The utility’s proposed four-year rate settlement (2026–2029) is expected to keep customer bills roughly 20% lower than 20 years ago (inflation-adjusted), with only modest increases through 2029.
NextEra Energy Resources earned $1.10 billion on an adjusted basis ($0.53 per share), up from $979 million a year ago, adding 3 gigawatts of new renewables and storage projects to its backlog, which now totals nearly 30 GW. The company expects the Duane Arnold plant—once recommissioned—to contribute up to $0.16 in annual adjusted EPS over its first decade.
NextEra reaffirmed its earnings guidance, projecting 2025 EPS of $3.45–$3.70, 2026 EPS of $3.63–$4.00, and 2027 EPS of $3.85–$4.32, with dividend growth of roughly 10% per year through at least 2026.