NextEra Energy grows adjusted EPS 9.7% to $1.24, targets high end of 2026 range

NextEra Energy said third-quarter adjusted earnings rose 9.7% and that it is aiming for the top of its full-year forecast, as its Florida utility kept growing and its renewables arm added to its project backlog.

Adjusted earnings were $2.592 billion, or $1.24 a share, compared with $2.348 billion, or $1.13, a year earlier, according to its earnings release filed with an 8-K on Wednesday. GAAP net income attributable to NextEra Energy was $4.775 billion, or $2.28 a share, up from $2.438 billion, or $1.18.

The company still expects 2026 adjusted EPS of $3.92 to $4.02 and is targeting the high end. It also reiterated a goal of growing adjusted EPS at a compound annual rate of 8% or more through 2032, off a 2025 base of $3.71.

FPL and Energy Resources

Florida Power & Light earned $1.62 billion, or $0.77 a share, up from $1.463 billion, or $0.71. FPL grew regulatory capital employed about 9.2% and spent about $2.4 billion on capital projects in the quarter, the company said.

NextEra Energy Resources reported adjusted earnings of $1.247 billion, or $0.59 a share, up from $1.102 billion, or $0.53. It added 3.7 gigawatts of renewables and storage to its backlog, including 2.4 gigawatts of battery storage, bringing the backlog to about 36.7 gigawatts.

Dominion deal and storm

Chief Executive John Ketchum said shareholders of NextEra and Dominion Energy approved the companies' combination in September, and state and federal regulatory reviews are moving forward.

The release also said FPL restored power to more than 97% of customers affected by Hurricane Isaias within days after the storm left its service area on Oct. 10.

By the numbers

• Adjusted EPS: $1.24, vs. $1.13
• GAAP EPS: $2.28, vs. $1.18
• FPL net income: $1.62 billion
• Energy Resources backlog: about 36.7 gigawatts
• 2026 adjusted EPS guidance: $3.92 to $4.02, targeting the high end

Sources

1. NextEra Energy, Inc., Form 8-K (Item 2.02) with Exhibit 99 earnings release, filed Oct. 21, 2026, accession 0000753308-26-000077

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