NextEra Energy Inc. ( (NEE) ) has released its Q4 earnings. Here is a breakdown of the information NextEra Energy Inc. presented to its investors.
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NextEra Energy, Inc. is a leading clean energy company based in Juno Beach, Florida. The company owns Florida Power & Light Company, the largest electric utility in the U.S., and NextEra Energy Resources, the world’s largest generator of renewable energy from wind and solar power.
NextEra Energy reported strong financial and operational results for 2024, with significant growth in both adjusted earnings per share and new renewable energy projects. The company successfully increased its adjusted earnings per share by over 8% compared to the previous year, reaching the top end of its expectations. It also expanded its renewable energy and storage backlog by more than 12 gigawatts, setting a new record.
Key financial highlights include a net income of $6.946 billion on a GAAP basis for 2024, compared to $7.310 billion in 2023. Adjusted earnings for the year were $7.063 billion, reflecting an 8.2% increase in adjusted earnings per share. The Florida Power & Light segment reported a 10% increase in regulatory capital employed, while NextEra Energy Resources continued its leadership in renewable energy with a substantial increase in its project backlog.
Looking ahead, NextEra Energy remains optimistic about its long-term growth. The company expects to maintain strong financial performance, targeting earnings per share near the top of its adjusted expectations range through 2027. It also plans to continue a 10% annual growth in dividends per share, demonstrating confidence in its future prospects.
