Summary
NextEra Energy Inc. (NEE) is a significant player in the North American electric power industry, with substantial generation capacity spread across the U.S. and Canada. The company's business is primarily divided into two segments: Florida Power & Light Company (FPL), a regulated electric utility serving Florida, and NextEra Energy Resources, LLC (NEER), a wholesale power generator with a strong focus on renewable energy, particularly wind and solar. In 2011, NEE demonstrated resilience, with FPL showing improved net income driven by investments in plant infrastructure and regulatory mechanisms allowing for cost recovery. NEER's earnings saw a decline due to a loss on the sale of natural gas-fired generating assets and operational impacts at Seabrook nuclear facility. Despite these challenges, NEE continues to invest heavily in major capital projects, including modernizing its natural gas fleet and expanding its renewable energy portfolio, signaling a commitment to long-term growth and a cleaner energy future. The company maintains a strong liquidity position and is focused on delivering value to its shareholders through a combination of operational efficiency and strategic investments.
Financial Highlights
47 data points| Revenue | $15.34B |
| Operating Expenses | $12.08B |
| Operating Income | $3.26B |
| Net Income | $1.92B |
| EPS (Basic) | $1.16 |
| EPS (Diluted) | $1.15 |
| Shares Outstanding (Basic) | 1.67B |
| Shares Outstanding (Diluted) | 1.68B |
Key Highlights
- 1NEE is a leading North American electric power company with diverse generation assets, primarily through its subsidiaries FPL (regulated utility) and NEER (wholesale generator).
- 2FPL's financial performance improved in 2011, driven by infrastructure investments and effective regulatory cost recovery, with a stable regulatory Return on Equity (ROE) of 11%.
- 3NEER experienced a decrease in earnings in 2011, primarily due to a loss on the sale of natural gas-fired assets and operational issues at its Seabrook nuclear plant.
- 4The company continues to invest significantly in future growth, with major capital projects underway including natural gas plant modernization, wind and solar energy development.
- 5NEE reported total assets of $57.2 billion and net income of $1.92 billion for the year ended December 31, 2011.
- 6The company has a strong liquidity position, with approximately $5.1 billion in total net available liquidity as of February 9, 2012.