European Investor
27 Jan 2026, 15:54
NextEra Energy reported solid fourth-quarter and full-year 2025 results, highlighting continued strength across both its regulated utility and renewable energy businesses. Fourth-quarter GAAP net income rose to $1.54 billion, while adjusted earnings were broadly stable year over year. For full-year 2025, adjusted earnings per share increased about 8.2% to $3.71, exceeding the company’s prior guidance range.
Florida Power & Light (FPL) benefited from sustained capital investment, with regulatory capital employed rising roughly 8.1% year over year, while keeping customer bills well below the national average. Meanwhile, NextEra Energy Resources delivered a record year of origination, adding approximately 13.5 gigawatts of new generation and storage projects to its backlog, which now totals about 30 gigawatts, driven in part by strong demand from large-scale customers.
Looking ahead, NextEra Energy reaffirmed its long-term growth outlook, forecasting 2026 adjusted EPS of $3.92–$4.02 and targeting compound annual adjusted EPS growth of more than 8% through 2032. The company also reiterated plans for continued dividend growth, reflecting confidence in its balanced portfolio of regulated and long-term contracted assets.
Florida Power & Light (FPL) benefited from sustained capital investment, with regulatory capital employed rising roughly 8.1% year over year, while keeping customer bills well below the national average. Meanwhile, NextEra Energy Resources delivered a record year of origination, adding approximately 13.5 gigawatts of new generation and storage projects to its backlog, which now totals about 30 gigawatts, driven in part by strong demand from large-scale customers.
Looking ahead, NextEra Energy reaffirmed its long-term growth outlook, forecasting 2026 adjusted EPS of $3.92–$4.02 and targeting compound annual adjusted EPS growth of more than 8% through 2032. The company also reiterated plans for continued dividend growth, reflecting confidence in its balanced portfolio of regulated and long-term contracted assets.