TLDR
- NextEra Energy posted adjusted EPS of $1.09, beating the $0.96 analyst estimate by 13 cents
- GAAP net income jumped to $2.182 billion, up from $833 million a year earlier
- NextEra Energy Resources had a record quarter, adding 4 GW of renewables and storage
- The renewables backlog now stands at approximately 33 GW, including 1.3 GW of new battery storage
- The company reaffirmed its 2026 adjusted EPS guidance of $3.92–$4.02 and an 8%+ EPS CAGR through 2032
NextEra Energy (NEE) reported first-quarter 2026 results on Thursday that cleared Wall Street expectations, driven by strong output from its renewables unit and growing power demand.
Adjusted EPS came in at $1.09, comfortably ahead of the analyst consensus of $0.96, according to LSEG data. That represents a 10% increase from the $0.99 per share reported in the same quarter last year.
GAAP net income for the quarter ended March 31 hit $2.182 billion, or $1.04 per share. That’s a sharp jump from $833 million, or $0.40 per share, in Q1 2025.
🚨 $NEE (NextEra Energy) Q1 2026 Earnings
Strong start to the year with record renewables origination…
regulated utility delivering reliable growth 👀📊 KEY METRICS (Q1 2026)
🔹 NextEra Energy Consolidated:
• Net Income (GAAP): $2.182B ($1.04/share)
• Adjusted: $2.275B… pic.twitter.com/74S8BmyilW— Emmanuel – Big Tech & AI Investor (@EmmanuelInvest) April 23, 2026
Total adjusted earnings reached $2.275 billion, up from $2.038 billion a year ago.
Florida Power & Light delivered earnings of $1.462 billion, or $0.70 per share, compared to $1.316 billion, or $0.64 per share, in the year-ago period.
FPL invested roughly $3.2 billion in capital during the quarter. Regulatory capital employed grew about 8.8% year over year.
The utility added close to 100,000 new customers in the quarter. It now operates more than 8.5 GW of solar capacity across Florida.
Record Quarter for Renewables
NextEra Energy Resources was the standout performer. It posted GAAP net income of $1.019 billion, or $0.49 per share, versus just $172 million, or $0.08 per share, in Q1 2025.
Adjusted earnings for the unit came in at $1.038 billion, up from $908 million a year earlier.
The division had its best-ever quarter for renewables and storage origination, adding 4 GW of new projects. That included 1.3 GW of battery storage.
The total development backlog now stands at approximately 33 GW — a number that reflects continued demand for new clean energy capacity.
Guidance Reaffirmed
Management kept its full-year 2026 adjusted EPS guidance in place at $3.92–$4.02. No changes there.
The company also reiterated its long-term target of 8% or more compound annual growth in adjusted EPS through 2032.
On dividends, NEE maintained its plan for around 10% annual dividend-per-share growth through 2026. From year-end 2026 through 2028, the target steps down to 6% annually.
Senior management discussed the results in a live webcast at 9 a.m. ET Thursday. A replay will be available for 90 days on the company’s website.
NEE stock was down 0.66% on the day as of Thursday afternoon.
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