NEXTERA ENERGY INC. has released its latest 10-Q, which provides insight into the company's financial performance and operations. The report reveals key figures for the three and six months ended June 30, 2025, compared to the same periods in 2024.
Net Income (Loss) and Earnings (Loss) Per Share: For the three months ended June 30, 2025, NEE reported a net income attributable to NEE of $2.028 billion, compared to $1.622 billion in the same period in 2024. Earnings per share attributable to NEE, assuming dilution, increased from $0.79 in 2024 to $0.98 in 2025. For the six months ended June 30, 2025, NEE's net income attributable to NEE decreased to $2.862 billion from $3.890 billion in 2024. Earnings per share attributable to NEE, assuming dilution, also declined from $1.89 in 2024 to $1.39 in 2025.
Adjusted Earnings: * NEE uses adjusted earnings as a non-GAAP financial measure for internal financial planning, performance analysis, and reporting to the Board of Directors. For the three and six months ended June 30, 2025, after-tax adjustments to net income considered in computing NEE's adjusted earnings included net gains (losses) associated with non-qualifying hedge activity, differential membership interests-related to NEER, XPLR investment gains, and changes in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds and OTTI, among others.
Results of Operations: FPL, one of NEE's principal businesses, saw an increase in net income for the three and six months ended June 30, 2025, primarily driven by continued investments in plant in service and other property. NEER's results increased for the three months ended June 30, 2025, reflecting higher earnings from new investments and customer supply, as well as favorable changes in the fair value of equity securities in NEER's nuclear decommissioning funds, partly offset by higher interest expense. * Corporate and Other's results decreased for the three and six months ended June 30, 2025, primarily due to higher average interest rates and higher average debt balances.
Regulatory and Legislative Developments: * The report highlights the impact of legislative and administrative activities on NEE and FPL, including the enactment of the OBBBA (Omnibus Budget Reconciliation Act), federal executive orders, tariffs on imports, and regulatory actions. It notes that NEE has taken and expects to continue to take actions to reduce the impacts of these developments on its project development, capital improvement, and maintenance activities.
FPL's Operations: FPL's average rate base grew by approximately $5.3 billion for both the three and six months ended June 30, 2025, compared to the same periods in the prior year, reflecting, among other things, solar generation additions and ongoing transmission and distribution additions. FPL began recovering eligible storm costs and replenishment of the storm reserve through a storm surcharge totaling approximately $1.2 billion, related to Hurricanes Debby, Helene, and Milton, which impacted FPL's service area in 2024.
Florida Supreme Court Ruling: * In July 2025, the Florida Supreme Court affirmed the FPSC's final and supplemental final order regarding FPL’s 2021 rate agreement.
Operating Revenues: * Operating revenues for the three and six months ended June 30, 2025, increased primarily due to storm cost recovery revenues associated with Hurricanes Debby, Helene, and Milton, as well as an increase in retail base revenues related to a rise in the average number of customer accounts.
The 10-Q provides a detailed and comprehensive overview of NEXTERA ENERGY INC.'s financial performance and operational activities for the specified periods, offering valuable insights for investors and stakeholders. Following these announcements, the company's shares moved -6.15%, and are now trading at a price of $72.77. Check out the company's full 10-Q submission here.
