01—Abstract
Summary
Summary of the 8-K filed January 2, 2026. Cited figures are marked; the original filing is the authoritative source.
NextEra Energy, Inc. (NEE) filed an 8-K on January 2, 2026, confirming that its previously stated adjusted earnings per share (EPS) expectations through 2032, long-term growth targets through 2035, and dividend per share growth expectations for 2026-2028 remain unchanged.
This provides continued clarity and reaffirmation for investors regarding the company's financial outlook and commitment to shareholder returns. The company reiterated its 2025 and 2026 adjusted EPS guidance and expects a compound annual growth rate of at least 8%a through 2032 and 2035, based on its 2025 adjusted EPS range.
Dividend growth is projected at approximately 10%b annually through 2026 (from a 2024 base) and approximately 6% annually for 2027 and 2028 (from a 2026 base). While these targets are positive, investors should note that adjusted EPS is a non-GAAP measure and NEE does not provide reconciliations due to inherent forecasting difficulties of certain items.
02—Key points
Key Highlights
- NextEra Energy (NEE) reaffirms its adjusted EPS expectations through 2032 and long-term growth targets through 2035.
- The company maintains its adjusted EPS guidance for 2025 ($3.62-$3.70) and 2026 ($3.92-$4.02).
- NEE expects a compound annual growth rate in adjusted EPS of at least 8% annually through 2032, based on the 2025 range.
- Dividend per share growth is projected at approximately 10% annually through 2026 (off a 2024 base).
- For 2027 and 2028, dividend per share growth is expected to be approximately 6% annually (off a 2026 base).
- Management uses adjusted earnings internally and for communicating financial results and outlook to investors.
- The filing includes standard cautionary statements and risk factors that could materially affect future results.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to reaffirm NextEra Energy's (NEE) previously issued financial guidance, including adjusted earnings per share (EPS) expectations and dividend growth targets, for the upcoming years. This communication provides continued assurance to investors that the company's strategic financial plans remain on track.
What are NextEra Energy's adjusted EPS expectations for 2025 and 2026?
NextEra Energy continues to expect adjusted earnings per share for 2025 to be in the range of $3.62 to $3.70, and for 2026, the expectation remains between $3.92 and $4.02.
What are the long-term growth targets for adjusted EPS?
NEE anticipates a compound annual growth rate of at least 8% annually for adjusted EPS through 2032, based on the expected 2025 adjusted EPS range. Furthermore, the company targets long-term adjusted EPS growth of at least 8% through 2035.
What are the dividend growth expectations?
NextEra Energy expects dividends per share to grow by approximately 10% annually through 2026, based on a 2024 base. For 2027 and 2028, dividend per share growth is expected to be approximately 6% annually, based on a 2026 base. It is important to note that all dividend declarations are subject to the discretion of the board of directors.
Why does NEE provide adjusted EPS and not a GAAP reconciliation?
NextEra Energy uses adjusted earnings per share as a non-GAAP financial measure for internal planning and reporting. The company states that it does not provide a quantitative reconciliation to the most directly comparable GAAP measure (earnings per share) because certain information needed for reconciliation, such as effects of non-qualifying hedges and unrealized gains/losses on certain investments, is not available without unreasonable effort due to the inherent difficulty in forecasting these items. These excluded items could significantly impact GAAP EPS.
04—Continue