Summary
NextEra Energy, Inc. (NEE) filed an 8-K on June 14, 2010, primarily to reaffirm its previously stated financial outlook. The company indicated that during investor meetings in Asia, management would reiterate its expectation for average adjusted earnings per share (EPS) to grow between 5% and 7% annually from 2009 to 2014. This growth trajectory would position NextEra Energy's adjusted EPS in the range of $5.17 to $5.68 by 2014. It is crucial for investors to note that these adjusted EPS figures exclude certain items, such as the impact of new accounting standards and unrealized mark-to-market effects of hedges, which are not quantifiable at this time. The filing also includes extensive cautionary statements and risk factors that could materially affect future results.
Key Highlights
- 1Reaffirmation of 5%-7% annual adjusted EPS growth target from 2009-2014.
- 2Projected adjusted EPS of $5.17 to $5.68 for 2014.
- 3Disclosure of investor meetings being conducted in Asia.
- 4Explicit exclusion of specific items from adjusted EPS calculations (new accounting standards, non-qualifying hedge mark-to-market effects, net other than temporary impairment losses).
- 5Emphasis on the importance of viewing adjusted EPS alongside cautionary statements and risk factors.
- 6Comprehensive 'Cautionary Statements and Risk Factors' section detailing numerous potential risks.