Summary
NextEra Energy, Inc. (NEE) reported strong performance in 2015, driven by its two main operating subsidiaries: Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). FPL demonstrated its commitment to reliability and affordability, serving over 5.3 million customers with among the lowest residential bills in Florida and below the national average. NEER solidified its position as a leading generator of renewable energy from wind and solar, while also expanding its investments in natural gas infrastructure. The company highlighted its clean generation fleet, with approximately 97% of its 2015 generation coming from renewable, nuclear, and natural gas-fired facilities. NEE announced a proposed merger with Hawaiian Electric Industries, Inc. (HEI), pending regulatory approval. This strategic move aims to further expand the company's reach and diversify its operations. Management expressed confidence in the company's continued growth and value creation, emphasizing a strategy focused on meeting customer needs more economically and reliably.
Financial Highlights
46 data points| Operating Expenses | $12.85B |
| Operating Income | $4.63B |
| Net Income | $2.75B |
| EPS (Basic) | $1.53 |
| EPS (Diluted) | $1.51 |
| Shares Outstanding (Basic) | 1.80B |
| Shares Outstanding (Diluted) | 1.82B |
Key Highlights
- 1NextEra Energy (NEE) is one of North America's largest electric power companies, serving over 5.3 million customers across 27 U.S. states and 4 Canadian provinces.
- 2The company boasts the largest generation capacity from wind and solar in North America, highlighting its commitment to renewable energy.
- 3FPL, NEE's regulated utility subsidiary, provides electricity to Florida customers, emphasizing reliability and the lowest residential bills among Florida investor-owned utilities.
- 4NEER, NEE's competitive energy business, operates a significant renewable energy portfolio and is expanding its investments in natural gas infrastructure.
- 5NEE announced a proposed merger with Hawaiian Electric Industries, Inc. (HEI), subject to regulatory approval, indicating a strategic growth initiative.
- 6The company's generation fleet is significantly cleaner than the industry average, with approximately 97% of its 2015 generation from renewable, nuclear, and natural gas facilities.
- 7NEE's net income attributable to NEE was $2.75 billion in 2015, an increase from $2.47 billion in 2014, reflecting solid operational performance.