Key Highlights

  • The company delivered adjusted EPS of $1.09, surpassing analyst projections of $0.96 by 13 cents
  • GAAP net income surged to $2.182 billion, compared to $833 million in the prior-year period
  • NextEra Energy Resources achieved historic results, securing 4 GW in renewables and storage projects
  • The renewables development pipeline reached approximately 33 GW, featuring 1.3 GW in battery storage additions
  • Full-year 2026 adjusted EPS guidance of $3.92–$4.02 remains intact, along with an 8%+ EPS CAGR target extending to 2032

NextEra Energy (NEE) unveiled its first-quarter 2026 financial performance on Thursday, exceeding market projections thanks to robust contributions from its renewable energy operations and expanding electricity demand.


NEE Stock Card
NextEra Energy, Inc., NEE

The company’s adjusted earnings per share reached $1.09, well above the $0.96 consensus forecast from analysts tracked by LSEG data. This figure marks a 10% improvement over the $0.99 per share recorded during the corresponding quarter of the previous year.

GAAP net income for the three-month period concluding March 31 totaled $2.182 billion, equivalent to $1.04 per share. This represents a substantial increase from the $833 million, or $0.40 per share, reported in Q1 2025.

Overall adjusted earnings climbed to $2.275 billion, advancing from $2.038 billion in the year-earlier quarter.

Florida Power & Light generated earnings of $1.462 billion, translating to $0.70 per share, versus $1.316 billion, or $0.64 per share, in the comparable 2025 period.

FPL deployed approximately $3.2 billion in capital expenditures throughout the quarter. The utility’s regulatory capital employed expanded by roughly 8.8% on a year-over-year basis.

The division welcomed nearly 100,000 additional customers during the three-month span. FPL currently manages more than 8.5 GW of solar generation capacity throughout Florida.

Renewables Division Achieves Milestone Performance

NextEra Energy Resources emerged as the top-performing segment. The unit generated GAAP net income of $1.019 billion, or $0.49 per share, a dramatic improvement from $172 million, or $0.08 per share, in the first quarter of 2025.

Adjusted earnings for this division totaled $1.038 billion, rising from $908 million during the prior-year quarter.

The segment achieved unprecedented success in renewables and storage origination, securing 4 GW of fresh projects. Battery storage accounted for 1.3 GW of this total.

The comprehensive development pipeline currently encompasses approximately 33 GW — a figure underscoring persistent market appetite for additional clean energy infrastructure.

Full-Year Outlook Remains Unchanged

Executive leadership preserved its complete 2026 adjusted EPS guidance range of $3.92–$4.02. The forecast stands without modification.

The organization also confirmed its extended-term objective of achieving 8% or greater compound annual growth in adjusted EPS through the end of 2032.

Regarding dividends, NEE upheld its strategy for approximately 10% annual dividend-per-share expansion through 2026. Beginning at year-end 2026 and continuing through 2028, the growth rate moderates to 6% per year.

Executive management reviewed the quarterly performance during a live webcast beginning at 9 a.m. ET Thursday. An archived version will remain accessible for 90 days via the company’s investor relations portal.

NEE shares traded 0.66% lower as of Thursday afternoon.