Summary
NextEra Energy, Inc. (NEE) operates as one of North America's largest electric power and energy infrastructure companies, with two primary segments: Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). FPL, Florida's largest electric utility, focuses on investing in generation, transmission, and distribution to provide low bills, high reliability, and clean energy solutions. NEER is a leading developer and operator of renewable energy projects, including wind and solar, as well as natural gas pipelines and battery storage. The company demonstrated robust performance in 2017, with net income attributable to NEE increasing significantly to $5.38 billion, up from $2.91 billion in 2016. This growth was driven by strong results from both FPL and NEER, bolstered by favorable impacts from tax reform. FPL's performance was supported by ongoing investments in its rate base and a favorable rate agreement with the Florida Public Service Commission. NEER's growth was fueled by new renewable energy investments and improved operational performance. NEE's overall strategy of diversified growth across its two main businesses positions it well for continued financial strength and operational excellence in the evolving energy landscape.
Financial Highlights
46 data points| Operating Expenses | $12.00B |
| Operating Income | $5.17B |
| Net Income | $5.38B |
| EPS (Basic) | $2.87 |
| EPS (Diluted) | $2.85 |
| Shares Outstanding (Basic) | 1.88B |
| Shares Outstanding (Diluted) | 1.89B |
Key Highlights
- 1NextEra Energy, Inc. (NEE) is a major North American energy company with two key segments: FPL (Florida utility) and NEER (renewable energy resources).
- 2FPL, the largest electric utility in Florida, serves nearly five million customer accounts and focuses on low bills, high reliability, and clean energy.
- 3NEER is a global leader in renewable energy, operating the world's largest portfolio of wind and solar projects, and also invests in natural gas pipelines and battery storage.
- 4For the year ended December 31, 2017, NEE reported a significant increase in net income attributable to NEE to $5.38 billion, up from $2.91 billion in 2016, reflecting strong performance across its segments.
- 5The company's financial results were positively impacted by tax reform enacted in late 2017.
- 6NEE is actively investing in its infrastructure, with capital expenditures totaling $10.74 billion in 2017, primarily directed towards FPL's generation and transmission/distribution upgrades, and NEER's renewable and pipeline projects.
- 7The company maintained strong liquidity, with approximately $9.2 billion in net available liquidity at December 31, 2017.