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NEXTERA ENERGY INC 8-K Report, Financial Results (Apr 23, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 23, 2026
Period End
April 23, 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 April 23, 2026. Cited figures are marked; the original filing is the authoritative source.

NextEra Energy (NEE) reported first-quarter 2026 results that beat the prior-year period on both GAAP and adjusted bases.

GAAP net income attributable to NextEra Energy was $2.182 billiona, or $1.04 per share, versus $833 million, or $0.40 per share, in Q1 2025. Adjusted earnings were $2.275 billion, or $1.09 per share, up about 10% from $0.99 per share. The GAAP result was lifted by a $257 million net gain on disposal of businesses and assets and by XPLR Infrastructure investment gains, while non-qualifying hedge effects were mixed.

Management reiterated its 2026 adjusted EPS guidance of $3.92 to $4.02b, said it is targeting the high end of that range, and kept its long-term outlook of 8%+ annual adjusted EPS growth through 2032 and the same rate from 2032 through 2035, off a 2025 base of $3.71. FPL drove steady growth, with Q1 net income of $1.462 billion ($0.70 per share) versus $1.316 billion ($0.64) a year earlier. Regulatory capital employed rose about 8.8% year over year, Q1 capital expenditures were about $3.2 billion, and full-year 2026 capex is expected at $12 to $13 billion.

FPL added nearly 100,000 customers and placed about 600 MW of solar into service. NextEra Energy Resources (NEER) posted adjusted earnings of $1.038 billionc ($0.50 per share), up from $908 million ($0.44), and reported a record quarter for new renewables and storage origination of 4 GW, bringing its backlog to roughly 33 GW. The filing also highlights a data center strategy.

The U.S. Department of Commerce selected NEER to build 9.5 GW of gas-fired generation for large loads in Texas and Pennsylvania, tied to Japan's $550 billiond U.S. investment commitment. Definitive agreements are still pending. Balance sheet metrics show total assets of $221.4 billion, up from $212.7 billion at year-end 2025, with long-term debt of $93.9 billion.

Q1 operating cash flow was $2.6 billion, and net cash used in investing activities was $10.8 billion, driven largely by $7.9 billion of NEER independent power investments and $3.0 billion of FPL capex. Results are labeled preliminary and unaudited.

02—Key points

Key Highlights

  1. GAAP EPS of $1.04 (net income $2.182B) vs. $0.40 in Q1 2025; adjusted EPS of $1.09, up about 10% from $0.99.
  2. FPL Q1 net income of $1.462B ($0.70/share), up from $0.64; regulatory capital employed up ~8.8% YoY and 2026 capex guided to $12-13B.
  3. NEER adjusted EPS of $0.50 vs. $0.44; record quarter with 4 GW of new renewables and storage origination (1.3 GW battery storage) and backlog of ~33 GW.
  4. Selected by the U.S. Department of Commerce to build 9.5 GW of gas-fired generation in Texas and Pennsylvania for large loads, linked to Japan's $550B U.S. investment pledge; definitive agreements pending.
  5. 2026 adjusted EPS guidance of $3.92-$4.02 reaffirmed, with management targeting the high end; long-term 8%+ adjusted EPS CAGR through 2032 and the same from 2032-2035 off a $3.71 2025 base.
  6. GAAP results were supported by a $257M net gain on disposal of businesses/assets and $0.31/share of XPLR Infrastructure investment gains, which are excluded from adjusted earnings in the prior-year comparison.
  7. Q1 operating cash flow of $2.6B against $10.8B of net investing outflows, with total assets up to $221.4B and long-term debt of $93.9B at March 31, 2026.

03—Questions

Frequently Asked Questions

  1. How did NextEra Energy perform in Q1 2026 compared with Q1 2025?

    GAAP net income attributable to NextEra Energy rose to $2.182 billion ($1.04 per share) from $833 million ($0.40 per share). Adjusted earnings rose to $2.275 billion ($1.09 per share) from $2.038 billion ($0.99 per share), an increase of about 10%. The filing describes the results as preliminary and unaudited.

  2. Is NextEra still on track to meet its 2026 earnings guidance?

    Yes. The company continues to expect 2026 adjusted EPS of $3.92 to $4.02 and says it is targeting the high end of that range. It also reiterated long-term adjusted EPS growth of 8%+ annually through 2032, with the same target from 2032 to 2035, off a 2025 base of $3.71.

  3. What is driving FPL's growth?

    FPL's growth comes from capital investment. Regulatory capital employed rose about 8.8% year over year, and capex was about $3.2 billion in Q1, with full-year 2026 capex expected at $12-13 billion. FPL also added nearly 100,000 customers and about 600 MW of solar, while projecting bill growth of roughly 2% per year through the decade.

  4. What is the significance of the 9.5 GW gas-fired generation award?

    The U.S. Department of Commerce selected NEER to develop, build, and operate 9.5 GW of gas-fired generation for large loads in Texas and Pennsylvania. The U.S. and Japan would own the projects, which are linked to Japan's $550 billion U.S. investment commitment. Definitive agreements are still being negotiated, so the financial terms and timing are not yet final.

  5. Why do GAAP and adjusted earnings differ so much this quarter?

    GAAP earnings include items that adjusted earnings exclude, such as the effects of non-qualifying hedges, unrealized gains and losses on NEER's nuclear decommissioning fund equity securities, and XPLR Infrastructure investment gains. The Q1 2026 GAAP results also benefited from a $257 million net gain on asset disposals. Investors should look at the reconciliation in the filing to see the impact of each item.

04—Continue

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