Summary
NextEra Energy, Inc. (NEE) reported strong performance in its 2018 10-K filing, driven by its two principal businesses: Florida Power & Light (FPL) and NextEra Energy Resources (NEER). FPL, Florida's largest electric utility, continued to invest in its generation, transmission, and distribution infrastructure, focusing on low bills, high reliability, and clean energy solutions. NEER solidified its position as the world's largest generator of renewable energy from wind and sun, emphasizing the development and operation of long-term contracted assets. The company also highlighted the recent acquisition of Gulf Power in January 2019, a strategic move to expand its regulated utility operations in Florida. Management believes the diversification and balance between FPL's stable utility operations and NEER's growth in renewables offer a valuable characteristic for the enterprise, contributing to its overall financial strength. Investors can note the company's commitment to growth and efficiency through enterprise-wide initiatives aimed at productivity improvements.
Financial Highlights
47 data points| Revenue | $15.40B |
| Operating Expenses | $12.53B |
| Operating Income | $4.28B |
| Net Income | $6.64B |
| EPS (Basic) | $3.51 |
| EPS (Diluted) | $3.47 |
| Shares Outstanding (Basic) | 1.89B |
| Shares Outstanding (Diluted) | 1.91B |
Key Highlights
- 1NEE operates two primary businesses: FPL, a major Florida electric utility, and NEER, a leading global generator of renewable energy.
- 2FPL focuses on infrastructure investment to deliver low bills, high reliability, and clean energy to over five million customers.
- 3NEER is the world's largest producer of wind and solar energy, developing long-term contracted assets across North America and Spain.
- 4The company completed the acquisition of Gulf Power in January 2019, expanding its regulated utility footprint in northwest Florida.
- 5NEE is committed to enterprise-wide initiatives for productivity and cost efficiency across both FPL and NEER.
- 6The company has a strong track record of profitable growth across its business segments.
- 7NEE's strategy aims to leverage the diversification and balance between its regulated utility and competitive energy businesses.