NextEra Energy
Runs Florida's largest electric utility and develops energy infrastructure across North America.
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Profile
Pairs Florida Power & Light's rate-regulated electric utility with NextEra Energy Resources, which develops and operates contracted wind, solar, nuclear and natural-gas generation, battery storage and transmission across North America. Earnings span regulated rates and wholesale power contracts, while a proposed Dominion Energy merger remains subject to shareholder and regulatory approvals.
Combines Florida Power & Light, a rate-regulated utility serving most of Florida, with NextEra Energy Resources, a competitive energy and regulated transmission business across the United States and Canada. FPL generates, stores, transmits, distributes and sells electricity. NEER develops, builds and operates wind, solar, nuclear and natural-gas generation, battery storage and transmission assets, with most generation supported by long-term contracts.
Pairs a regulated utility's rate-base investment with a project-development platform, sharing an operating model intended to lower costs and create efficiencies. Results and capital deployment depend on Florida regulation, project permits and interconnections, equipment availability, contract performance, financing and clean-energy tax credits. A proposed merger with Dominion Energy would expand the regulated utility footprint, subject to shareholder and regulatory approvals.
Company facts
Key statistics
Year to date +1.1% · Average volume (30d) 10.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Morgan Stanley | Reiterate | Overweight | $116 | $114 |
| Jul 27, 2026 | Bernstein | Reiterate | Outperform | $107 | $108 |
| Jul 27, 2026 | BMO Capital | Reiterate | Outperform | $94 | $96 |
| Jul 27, 2026 | Mizuho Securities | Target | $90 | $95 | |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Overweight | $117 | $116 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q2 FY26 | $1.09 | $1.15 | +5.5% | $8.11B | $7.53B | −7.1% | −1.06% |
| Jul 22, 2026Q2 FY26 | $1.08 | $1.15 | +6.5% | $8.11B | $7.53B | −7.1% | +0.43% |
| Apr 23, 2026Q1 FY26 | $1.03 | $1.09 | +5.8% | $7.27B | $6.70B | −7.8% | −1.01% |
| Jan 27, 2026Q4 FY25 | $0.56 | $0.53 | −5.4% | $6.72B | $6.50B | −3.3% | +0.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.25B | $6.70B | $7.97B | $6.56B | $6.96B | $7.53B | |
| Gross profit | $3.91B | $4.30B | $5.28B | $3.77B | $5.63B | $6.16B | |
| Operating income | $2.26B | $1.91B | $2.53B | $1.59B | $2.21B | $2.24B | |
| Net income | $833.0M | $2.03B | $2.44B | $1.54B | $2.18B | $3.14B | |
| Diluted EPS | $0.40 | $0.98 | $1.18 | $0.73 | $1.04 | $1.51 | |
| Gross margin | 62.6% | 64.1% | 66.2% | 57.5% | 80.9% | 81.8% | |
| Operating margin | 36.1% | 28.5% | 31.7% | 24.2% | 31.7% | 29.7% |
Fiscal years (4-quarter sums)FY21 $17.07B · FY22 $20.96B · FY23 $28.12B · FY24 $24.75B · FY25 $27.48B
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.87B · Total debt $110.20B · Total assets $232.81B · Shareholders' equity $57.13B
Dividends
Raised for 31 straight years — most recently to $0.6232 from $0.5665 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 15 | $0.6232 | |
| Jun 5, 2026 | Jun 5 | Jun 15 | $0.6232 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.6232 | raised from $0.5665 |
| Nov 21, 2025 | Nov 21 | Dec 15 | $0.5665 | |
| Aug 28, 2025 | Aug 28 | Sep 15 | $0.5665 | |
| Jun 2, 2025 | Jun 2 | Jun 16 | $0.5665 | |
| Feb 28, 2025 | Feb 28 | Mar 17 | $0.5665 | raised from $0.515 |
| Nov 22, 2024 | Nov 22 | Dec 16 | $0.515 |
Ownership
Shares outstanding 2.09B · Float 2.08B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 186.84M | 8.96% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 136.21M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 118.95M | 5.70% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 116.05M | 5.56% | 13F | Aug 12, 2026 |
| Morgan Stanley | 63.51M | 3.04% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 13, 2026 | Nicole J. Daggs | officer: EVP, Human Res & Corp Svcs | −4,934 | $93.00 |
| Mar 9, 2026 | Mark Lemasney | officer: EVP Power Generation Division | −3,845 | $90.27 |
| Mar 9, 2026 | Terrell Kirk II Crews | officer: EVP, Chief Risk Officer | −9,340 | $90.27 |
| Mar 9, 2026 | James Michael May | officer: Treasurer and Asst. Secretary | −7,161 | $90.27 |
| Feb 17, 2026 | Ronald R. Reagan | officer: EVP, Eng., Const. & ISC | −5,079 | $95.00 |
Peers
- Southern Company
SE utility that sold Gulf Power to NEE; Southern Power in wholesale renewables.
- Duke Energy
Largest US utility; NEE sought merger 2020; Commercial Renewables in 22 states.
- Constellation Energy
Largest US nuclear fleet; hyperscaler PPAs rival NEER in C&I clean power.
- AES
Global #1 corporate renewables PPA seller (BNEF); direct rival to NEER.
- Dominion Energy
Mid-Atlantic/SE regulated utility; won SCANA over NEE; leads US offshore wind.
- American Electric Power
US multi-state regulated utility; 29 GW fleet; $54B capital plan through 2029.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Southern Company | $92.05 | +4.32% | $101.52B | 21.3 | 18.9 | 3.4 | +0.1% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| Constellation Energy | $277.11 | +0.13% | $99.38B | 26.9 | 22.4 | 3.2 | +23.0% |
| AES | $14.72 | 0.00% | $10.50B | 5.6 | 7.6 | 0.8 | +19.9% |
| Dominion Energy | $65.52 | −0.02% | $57.63B | 22.8 | 17.1 | 3.1 | +17.6% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Median | 21.2 | 18.0 | 3.1 | +12.3% |