NextEra Energy Q1 adjusted EPS rises 10%, renewables backlog grows

NextEra Energy

23/04/2026 12:45

Overview

U.S. electric utility's Q1 adjusted EPS rose 10% yr/yr to $1.09

Company added 4 GW renewables and storage to backlog, a record quarter for origination

Company reaffirmed 2026 adjusted EPS outlook and long-term growth targets

Outlook

NextEra Energy sees 2026 adj EPS in range of $3.92 to $4.02, targeting high end

Company expects 8%+ compound annual growth in adj EPS through 2032, same for 2032-2035

NextEra Energy expects dividend per share growth of 10% annually through 2026, 6% from 2026-2028

Result Drivers

FPL CAPITAL INVESTMENT - FPL's results were driven by increased regulatory capital employed, up 8.8% yr/yr, and smart capital investments, according to the company

CUSTOMER GROWTH - FPL added nearly 100,000 customers in Q1, contributing to revenue and earnings growth

RENEWABLES ORIGINATION - NextEra Energy Resources achieved a record quarter for new renewables and storage origination, adding 4 GW to its backlog

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.04


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Nextera Energy Inc is $95.50, about 6.1% above its April 22 closing price of $90.00

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)