Summary
This 8-K filing from NextEra Energy, Inc. (NEE) on March 31, 2015, primarily serves as a Regulation FD disclosure. The company announced that its senior executive team would be meeting with investors between March 31, 2015, and April 15, 2015. During these meetings, management planned to discuss NextEra Energy's long-term growth expectations, importantly reaffirming its previously stated average adjusted earnings per share (EPS) growth target of approximately 5-7% per year through 2018, based on a 2014 adjusted EPS. The filing also provided specific adjusted EPS guidance ranges for 2015, 2016, and 2018. The company also outlined certain exclusions from its adjusted EPS expectations, such as the impact of new accounting standards, unrealized mark-to-market effects, and impairment losses on nuclear decommissioning funds. Furthermore, a comprehensive list of assumptions and risk factors that could affect future results was detailed, emphasizing that these adjusted EPS figures are forward-looking statements subject to various uncertainties and should not be considered a substitute for GAAP net income.
Key Highlights
- 1Reaffirmation of NextEra Energy's long-term adjusted EPS growth target of 5-7% annually through 2018.
- 2Provided specific adjusted EPS guidance ranges: 2015 ($5.40 - $5.70), 2016 ($5.75 - $6.25), and 2018 ($6.50 - $7.00).
- 3Company management plans to engage with investors from March 31, 2015, to April 15, 2015, to discuss growth expectations.
- 4Defined exclusions from adjusted EPS, including accounting standard changes, hedging impacts, and nuclear fund impairments.
- 5Listed numerous assumptions for future performance, such as normal weather, economic recovery, supportive public policy, and access to capital.
- 6Included a significant list of risk factors that could materially impact future results, as per the Private Securities Litigation Reform Act of 1995.
- 7Stressed that adjusted earnings are not a substitute for GAAP net income and forward-looking statements are subject to uncertainty.