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NEXTERA ENERGY INC 8-K Report, Financial Results (Jan 27, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed January 27, 2026
Period End
January 27, 2026
In the record · 2016–202610-K1110-Q338-K225

NEE filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 225 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jul ’18Jul ’18
  2. Material agreement8-K · Dec ’20Dec ’20
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed January 27, 2026. Cited figures are marked; the original filing is the authoritative source.

NextEra Energy (NEE) reported fourth-quarter and full-year 2025 results on January 27, 2026.

GAAP net income attributable to NextEra Energy was $1.535 billiona ($0.73 per share) in Q4 2025, versus $1.203 billion ($0.58) a year earlier. Full-year 2025 GAAP net income was $6.835 billion ($3.30 per share), down slightly from $6.946 billion ($3.37). Adjusted earnings, the company's preferred measure, rose to $7.683 billion, or $3.71 per share, up about 8.2% from $3.43 in 2024, and the company said this exceeded the top end of its December guidance.

Q4 adjusted EPS was $0.54b versus $0.53 a year earlier. The GAAP-to-adjusted gap is largely driven by non-qualifying hedges, unrealized gains and losses on nuclear decommissioning fund equities, and XPLR Infrastructure investment gains. Investors should weigh the adjusted figures alongside GAAP results, which show a smaller improvement.

FPL, the regulated utility, earned $5.012 billionc ($2.42 per share) for 2025, up from $4.543 billion ($2.21), driven by capital investment. FPL invested about $8.9 billion in 2025 and its regulatory capital employed grew about 8.1%. The new four-year rate agreement approved by the Florida PSC took effect January 1, 2026, and FPL expects to invest $90 to $100 billion through 2032, with typical residential bills rising about 2% annually through 2029.

NextEra Energy Resources (NEER) posted GAAP earnings of $2.975 billiond ($1.44 per share) and adjusted earnings of $3.523 billion ($1.70 per share). It added roughly 13.5 GW to its backlog in 2025, including a record quarter of about 3.6 GW, and its backlog now stands near 30 GW. The company also disclosed the Mountain Valley Pipeline stake increase and the closing of the Symmetry Energy Solutions acquisition.

Management reaffirmed its long-term outlook: 2026 adjusted EPS guidance of $3.92 to $4.02, adjusted EPS growth of 8% or more per year through 2032, and the same growth target from 2032 through 2035, all off the 2025 base of $3.71. Dividend growth guidance of roughly 10% per year through 2026 and 6% per year from year-end 2026 through 2028 was also maintained. This filing is a Form 8-K that furnishes the earnings release under Item 2.02 and is not an offering document, so the figures are unaudited and preliminary.

02—Key points

Key Highlights

  1. Full-year 2025 adjusted EPS of $3.71, up about 8.2% from $3.43, exceeding the top of the company's guidance range.
  2. GAAP net income attributable to NextEra was $6.835 billion ($3.30 per share) for 2025, slightly below 2024's $6.946 billion ($3.37), reflecting hedge and investment-gain adjustments.
  3. FPL net income rose to $5.012 billion ($2.42 per share) from $4.543 billion, supported by about $8.9 billion of 2025 capital investment and 8.1% regulatory capital growth.
  4. NEER added about 13.5 GW of new origination in 2025, including a record quarter of roughly 3.6 GW, and its backlog is about 30 GW.
  5. A new four-year FPL rate agreement took effect January 1, 2026, with projected residential bill increases of about 2% per year through 2029, below inflation.
  6. 2026 adjusted EPS guidance of $3.92 to $4.02 and 8%+ annual adjusted EPS growth through 2032 were reaffirmed, with the same target for 2032 to 2035.
  7. Strategic moves include increasing its Mountain Valley Pipeline stake and closing the Symmetry Energy Solutions acquisition, both in January 2026.

03—Questions

Frequently Asked Questions

  1. Why does GAAP EPS differ from adjusted EPS, and which should investors focus on?

    The difference comes mainly from non-qualifying hedge mark-to-market effects, unrealized gains and losses on nuclear decommissioning fund equities, and XPLR Infrastructure investment gains. Management argues adjusted EPS better reflects fundamental earnings power and uses it for guidance and compensation. Investors should review both, since GAAP results can swing materially with these items.

  2. How did FPL perform in 2025?

    FPL earned $5.012 billion ($2.42 per share) in 2025, up from $4.543 billion ($2.21 per share) in 2024. Growth came from roughly $8.9 billion of capital investment and an 8.1% increase in regulatory capital employed, under the new four-year rate agreement that took effect January 1, 2026.

  3. What is NextEra's growth outlook?

    NextEra expects 2026 adjusted EPS of $3.92 to $4.02 and adjusted EPS growth of 8% or more annually through 2032, with the same target from 2032 through 2035, measured from the 2025 base of $3.71. It also expects dividend growth of about 10% per year through 2026 and 6% per year from year-end 2026 through 2028.

  4. How strong was NextEra Energy Resources' origination and backlog?

    NEER added about 13.5 GW of new generation and battery storage projects to its backlog in 2025, the fourth straight year of record origination, including about 3.6 GW in the fourth quarter. The backlog now stands near 30 GW, and demand from hyperscalers for fast-to-market power is cited as a key driver.

  5. Does this filing include any new financing or offering information?

    No. This 8-K furnishes the January 27, 2026 earnings press release under Item 2.02 and does not announce new securities offerings. The financial statements are preliminary and unaudited, and the company refers readers to its Form 10-K for risk factors.

04—Continue

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