The earnings call reflected strong operational and financial performance with record adjusted earnings and significant growth in renewable energy origination. However, challenges such as share price underperformance and lower wind resource impacted results. Despite these issues, the company's future outlook remains optimistic with robust growth strategies in place.

Company Guidance

During the fourth quarter 2023 earnings call for NextEra Energy, Inc. (NEE), the guidance provided highlighted several key metrics and future expectations. The company reported a robust performance with full-year adjusted earnings per share (EPS) of $3.17, marking an over 9% increase from 2022 and surpassing the high end of their EPS expectations. Despite facing challenges like solar supply chain disruptions and higher inflation, NextEra Energy achieved a compound annual adjusted EPS growth of approximately 11.5% since 2021. Over the past decade, the company has delivered a compound annual growth in adjusted EPS of roughly 10%, leading among the top 10 power companies. Looking ahead, they maintain a positive outlook for 2024, anticipating that inflation and interest rates will stabilize and new solar supply chains will reduce costs. They also plan to add around 4,800 megawatts of solar capacity and invest $32-$34 billion in capital under the current rate agreement through 2025. Their long-term financial expectations remain unchanged, aiming for financial results at or near the top end of the adjusted EPS expectation ranges for 2024, 2025, and 2026.

Record Adjusted Earnings Growth

NextEra Energy delivered full year adjusted earnings per share of $3.17, up over 9% from 2022, exceeding the high end of the adjusted EPS expectations range.

Strong Renewable Energy Origination

Energy Resources had a record year of new renewables and storage origination, adding approximately 9,000 megawatts to the backlog.

Significant Solar and Storage Price Decline

Solar panel and battery prices have declined by roughly 25% from their peak over the last 24 months.

Florida Power & Light Customer Growth

FPL's customer growth increased by nearly 81,000 from the prior year comparable quarter.

Successful Transmission Expansion

NextEra Energy Transmission awarded projects in PJM, CAISO, and SPP, with plans to deploy approximately $1.9 billion of capital through 2027.

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NextEra Energy (GB:0K80) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0K80 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 24, 2025	2024 (Q4)	0.53 / -	0.52	―	―	―
Oct 23, 2024	2024 (Q3)	0.98 / 1.03	0.94	9.57% (+0.09)
Jul 24, 2024	2024 (Q2)	0.95 / 0.96	0.88	9.09% (+0.08)
Apr 23, 2024	2024 (Q1)	0.81 / 0.91	0.84	8.33% (+0.07)
Jan 25, 2024	2023 (Q4)	0.49 / 0.52	0.51	1.96% (+0.01)
Oct 24, 2023	2023 (Q3)	0.88 / 0.94	0.85	10.59% (+0.09)
Jul 25, 2023	2023 (Q2)	0.81 / 0.88	0.81	8.64% (+0.07)
Apr 25, 2023	2023 (Q1)	0.76 / 0.84	0.74	13.51% (+0.10)
Jan 25, 2023	2022 (Q4)	0.49 / 0.51	0.41	24.39% (+0.10)
Oct 28, 2022	2022 (Q3)	0.80 / 0.85	0.75	13.33% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0K80 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 23, 2024	$83.47	$83.77	+0.36%
Jul 24, 2024	$71.62	$74.62	+4.19%
Apr 23, 2024	$64.08	$64.90	+1.29%
Jan 25, 2024	$55.44	$55.82	+0.68%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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