10-QPeriod: Q1 FY2026

NEXTERA ENERGY INC Quarterly Report for Q1 Ended Mar 31, 2026

Filed April 23, 2026For Securities:NEENEE-PNNEE-PSNEE-PTNEE-PWNEE-PVNEE-PU

Summary

NextEra Energy, Inc. (NEE) reported a significant increase in net income attributable to NEE for the first quarter of 2026, rising to $2.18 billion ($1.04 per diluted share) from $833 million ($0.40 per diluted share) in the prior year period. This strong performance was driven by robust contributions from both its regulated utility, Florida Power & Light (FPL), and its competitive energy business, NextEra Energy Resources (NEER). FPL's net income saw a substantial increase, largely due to continued investments in its rate base and the favorable impact of regulatory mechanisms like the Rate Stabilization Mechanism (RSM). NEER's results were boosted by the absence of a significant impairment charge recorded in the prior year related to its investment in XPLR, along with gains from asset sales and higher earnings from new investments. The company also highlighted its ongoing capital expenditure plans, with significant investments projected for both FPL and NEER in the coming years to support growth and infrastructure development.

Financial Highlights

46 data points
Beta

Revenue

$6.10B

Net Income

$2.18B

35.8% Net Margin

EPS (Diluted)

$1.04

Total Assets

$221.42B

Cash & Equivalents

$2.00B

Free Cash Flow

$2.61B

Financial Statements
Beta
Revenue$6.10B
Operating Expenses$4.75B
Operating Income$2.21B
Net Income$2.18B
EPS (Basic)$1.05
EPS (Diluted)$1.04
Shares Outstanding (Basic)2.08B
Shares Outstanding (Diluted)2.09B

Key Highlights

  • 1Net income attributable to NEE surged to $2.18 billion ($1.04/share) in Q1 2026, a significant increase from $833 million ($0.40/share) in Q1 2025.
  • 2Florida Power & Light (FPL) contributed strongly to earnings, driven by investments in its rate base and regulatory mechanisms.
  • 3NextEra Energy Resources (NEER) saw improved results, notably due to the absence of a prior year impairment charge related to XPLR and gains from asset disposals.
  • 4Operating revenues for NEE increased to $6.70 billion in Q1 2026 from $6.25 billion in Q1 2025.
  • 5The company announced the acquisition of Symmetry Energy Solutions for approximately $1.1 billion, expanding its natural gas business.
  • 6Total capital expenditures for the first quarter of 2026 were $11.06 billion, with significant investments planned through 2030.
  • 7NEE maintains substantial liquidity, with approximately $14.8 billion in net available liquidity as of March 31, 2026.

Frequently Asked Questions

The significant increase in net income was driven by strong performance across both of NextEra Energy's primary segments. Florida Power & Light (FPL) benefited from continued investments in its rate base and effective utilization of regulatory mechanisms. NextEra Energy Resources (NEER) saw a substantial boost from the absence of a large impairment charge recorded in the prior year related to its XPLR investment, along with gains from asset sales and growth from new clean energy investments.

NextEra Energy plans to fund its projected capital expenditures through a combination of operating cash flows, short- and long-term borrowings, debt and equity issuances, proceeds from differential membership investors, sales of clean energy tax credits, and proceeds from asset divestitures. The company emphasizes maintaining a strong investment-grade credit rating.

NextEra Energy Resources acquired Symmetry Energy Solutions on January 9, 2026, for approximately $1.1 billion (including cash and adjustments). This acquisition expanded NEER's natural gas business and contributed $0.4 billion in goodwill recognized on the balance sheet. While the acquisition occurred early in the quarter, its direct impact on the first quarter's earnings is primarily reflected in the increased assets and liabilities, and the goodwill recognized.

NextEra Energy is involved in several legal proceedings. Notably, a securities class action lawsuit reached a settlement term sheet in March 2026, with NEE agreeing to pay $150 million, which is expected to be covered by insurance. This settlement, if finalized and approved, would resolve the claims. Other derivative actions and an antitrust lawsuit are ongoing, but the company is vigorously defending these claims and believes its current exposure from most guarantee arrangements is not material.