01—Abstract
Summary
Summary of the 8-K filed October 21, 2026. Cited figures are marked; the original filing is the authoritative source.
NextEra Energy, Inc. (NEE) reported strong third-quarter 2026 financial results, driven by robust performance from both Florida Power & Light (FPL) and NextEra Energy Resources (NEER).
FPL demonstrated disciplined capital investments, increasing its regulatory capital employed by 9.2%a year-over-year while maintaining low customer bills and high reliability. NextEra Energy Resources significantly expanded its development pipeline, adding 3.7 gigawatts of new renewables and storage. The company also provided an update on its pending combination with Dominion Energy, noting continued progress in regulatory reviews and highlighting the anticipated benefits of the merger.
The company reaffirmed its long-term outlook, expecting adjusted earnings per share to grow at a compound annual growth rate of 8%b+ through 2032 and continuing at the same rate through 2035. The strong operational execution and strategic advancements position NextEra Energy for continued growth and value creation for shareholders.
02—Key points
Key Highlights
- NextEra Energy reported a significant increase in third-quarter 2026 net income attributable to the company on a GAAP basis to $4.775 billion ($2.28 per share), up from $2.438 billion ($1.18 per share) in the prior-year quarter. Adjusted earnings per share grew by 9.7% year-over-year to $1.24.
- Florida Power & Light (FPL) saw its regulatory capital employed grow by approximately 9.2% year-over-year, supported by disciplined capital investments of $2.4 billion in the quarter, with full-year expectations at $12 billion.
- NextEra Energy Resources added 3.7 gigawatts of renewables and storage to its backlog, which now stands at approximately 36.7 gigawatts, including a strong 2.4 GW of battery storage origination.
- The pending combination with Dominion Energy is advancing, with shareholder approvals secured and state and federal regulatory reviews progressing; expected closing in the second half of 2027.
- The company reiterated its long-term financial targets, expecting adjusted earnings per share to grow at a compound annual growth rate of 8%+ through 2032 and continuing at the same rate through 2035, based on a 2025 adjusted EPS of $3.71.
- FPL's customer bills remain significantly below the national average (37% lower) and are projected to increase by only 2% annually through the end of the decade, underscoring the company's focus on affordability and efficiency.
- NextEra Energy Resources is progressing on large-scale projects, including agreements for three federal hub projects totaling 16.5 GW and the potential development of generation resources for a data center campus in Kentucky.
03—Questions
Frequently Asked Questions
What were NextEra Energy's key financial results for the third quarter of 2026?
For the third quarter of 2026, NextEra Energy reported GAAP net income attributable to the company of $4.775 billion, or $2.28 per share, an increase from $2.438 billion, or $1.18 per share, in the third quarter of 2025. Adjusted earnings were $2.592 billion, or $1.24 per share, up from $2.348 billion, or $1.13 per share, in the prior-year period, representing 9.7% year-over-year growth in adjusted EPS.
How did Florida Power & Light (FPL) perform in the third quarter?
FPL reported strong operational performance, with its regulatory capital employed increasing by approximately 9.2% year-over-year due to disciplined capital investments totaling $2.4 billion for the quarter. The utility continues to maintain low customer bills, which are about 37% below the national average and projected to rise only 2% annually through 2030, while delivering top-tier reliability.
What is the status of the pending combination with Dominion Energy?
The combination with Dominion Energy is progressing well. Both companies' shareholders have approved the transaction, and state and federal regulatory reviews are moving forward. NextEra Energy highlighted an enhanced benefits package for Virginia and anticipates the combination to close in the second half of 2027.
What is NextEra Energy's financial outlook for the future?
NextEra Energy reaffirmed its long-term financial expectations. The company continues to expect 2026 adjusted earnings per share in the range of $3.92 to $4.02, targeting the high end of that range. It also anticipates adjusted earnings per share to grow at a compound annual growth rate of 8%+ through 2032 and maintain that growth rate from 2032 through 2035, all based on the 2025 adjusted EPS of $3.71.
04—Continue