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NEE

NextEra Energy, Inc.

NEE

NextEra Energy, Inc. • NYSE
$86.29 ▲ 0.88% (+0.75)
Market Cap $177.64 B
52w High $87.53
52w Low $61.72
Dividend Yield 2.27%
P/E 27.39
Volume 4.09M
Outstanding Shares 6.42B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.966B ▲ $2.749B ▲ $2.438B ▲ 30.605% ▲ $1.18 ▲ $5.134B ▲
Q2-2025 $6.7B ▲ $2.385B ▲ $2.028B ▲ 30.269% ▲ $0.99 ▲ $4.3B ▲
Q1-2025 $6.247B ▲ $1.653B ▼ $833M ▼ 13.334% ▼ $0.41 ▼ $2.893B ▲
Q4-2024 $5.385B ▼ $2.036B ▲ $1.203B ▼ 22.34% ▼ $0.58 ▼ $1.901B ▼
Q3-2024 $7.567B $2.013B $1.852B 24.475% $0.9 $5.133B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.244B ▲ $204.354B ▲ $139.758B ▲ $54.181B ▲
Q2-2025 $1.728B ▼ $198.83B ▲ $137.898B ▲ $50.797B ▲
Q1-2025 $2.419B ▲ $194.264B ▲ $133.898B ▲ $49.812B ▼
Q4-2024 $1.487B ▼ $190.144B ▲ $129.283B ▲ $50.101B ▲
Q3-2024 $2.263B $186.013B $126.475B $50.051B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.135B ▲ $4.028B ▲ $-5.108B ▲ $1.816B ▼ $732M ▲ $1.546B ▼
Q2-2025 $1.64B ▲ $3.189B ▲ $-5.821B ▲ $2.057B ▼ $-568M ▼ $5.69B ▲
Q1-2025 $464M ▼ $2.769B ▲ $-7.724B ▼ $6.103B ▲ $1.148B ▲ $268M ▲
Q4-2024 $873M ▼ $1.981B ▼ $-3.88B ▲ $741M ▲ $-1.172B ▼ $139M ▼
Q3-2024 $1.592B $4.269B $-4.258B $459M $472M $2.208B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Florida Power Light Company
Florida Power Light Company
 $0 ▲$4.00Bn ▲$8.71Bn ▲$13.99Bn ▲
NEER Segment
NEER Segment
 $1.45Bn ▲$2.16Bn ▲$1.91Bn ▼$2.57Bn ▲

Five-Year Company Overview

Income Statement

Income Statement NextEra’s income statement shows a utility that behaves more like a growth company than a sleepy power provider. Sales have moved up over the five‑year period but with some year‑to‑year swings, reflecting both its regulated utility business and its more market‑exposed renewable arm. What stands out is that profit levels have grown meaningfully faster than revenue over time, suggesting improving efficiency and scale benefits from its massive renewable and grid investments. Operating profit and net profit have both roughly doubled compared with the start of the period, even though the top line has been a bit bumpy recently. Earnings per share have followed the same strong upward path, helped by both higher profits and past stock splits that kept the share count manageable. Overall, profitability looks robust for a utility, but the recent step‑down from the peak hints that results can fluctuate with power markets, tax credits, and project timing.

Balance Sheet

Balance Sheet The balance sheet reflects a capital‑intensive, growth‑oriented utility that has been steadily scaling up. Total assets have increased significantly over five years as the company has poured money into wind, solar, storage, and transmission projects. Debt has climbed alongside that asset growth, which is typical for a regulated utility but still worth watching because it raises sensitivity to interest rates and refinancing conditions. Shareholders’ equity has also grown at a solid pace, showing that the company is not relying solely on borrowing; it is retaining earnings and reinvesting heavily. Cash on hand is modest relative to the size of the business, again normal for a regulated utility with stable inflows, but it does mean continued dependence on access to capital markets. In short, this is a large and growing balance sheet with meaningful leverage, supported by a substantial equity base and regulated earnings.

Cash Flow

Cash Flow Cash generation from operations has strengthened consistently, which is a key positive. The core business is throwing off more cash each year, reflecting higher earnings and the benefits of scale. Against that, the company has been spending very heavily on capital projects, especially in earlier years, which pushed free cash flow into negative territory at times. More recently, free cash flow has turned comfortably positive as some of those big projects move from construction to operation. That shift suggests the investment cycle is beginning to pay off in cash terms, not just accounting profits. Still, the model remains: strong operating cash in, heavy but gradually easing investment out. The company’s ability to keep funding its ambitious growth plan will continue to depend on a mix of internal cash, debt, and periodic equity.

Competitive Edge

Competitive Edge NextEra holds a rare position in the utility world: it is both a dominant regulated utility and a leading renewable energy developer. Its Florida Power & Light subsidiary provides a stable, regulated base of customers and earnings, which helps support credit quality and access to low‑cost capital. On top of that, its renewables arm is one of the largest producers of wind and solar power globally, with a deep pipeline of projects already lined up. Scale is a major advantage. The company can buy equipment, secure land, and operate projects more cheaply and efficiently than many rivals. Its long experience in building and running large renewable fleets, plus in‑house development and construction teams, creates a barrier to entry. At the same time, the industry is becoming more crowded as other utilities and energy companies chase renewables growth. Regulatory changes, competition for prime project sites, and evolving tax and subsidy regimes all represent ongoing competitive risks.

Innovation and R&D

Innovation and R&D Innovation is one of NextEra’s clearest differentiators. It has been an early and aggressive mover in wind and solar, battery storage, smart grids, and now emerging areas like green hydrogen and EV charging infrastructure. Operationally, the company uses advanced data analytics and artificial intelligence to choose project locations, predict equipment issues, optimize output, and improve grid reliability. Its large solar‑plus‑storage projects and massive battery facility in Florida showcase its technical and execution capabilities. The NextEra 360 software platform extends this know‑how to customers as a digital service, turning internal tools into a commercial product. The push into green hydrogen and nationwide charging networks for commercial vehicles adds long‑term growth options but comes with high uncertainty. These bets may take years to prove out and will depend heavily on technology costs, policy support, and adoption trends.

Summary

Overall, NextEra looks like a growth‑oriented clean energy leader built on top of a relatively stable regulated utility core. Financially, profits and operating cash flow have grown strongly, supported by large and ongoing investment in renewables and grid assets. The trade‑off has been a heavier debt load and periods of strained free cash flow, which are now easing as projects come online. Its competitive position is underpinned by scale, a large project backlog, and sophisticated use of technology, giving it an edge in cost and execution. At the same time, the strategy ties the company’s future closely to interest rates, regulation, and the pace of the energy transition. The long‑term story is one of substantial opportunity in clean energy, balanced by execution risk and the need to carefully manage capital and policy exposure over time.

NEWS

November 20, 2025 · 10:59 AM UTC

Florida regulators approve FPL rate agreement that keeps customer bills low, meets needs of growing state

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November 13, 2025 · 7:55 AM UTC

Florida Power & Light Company named national ReliabilityOne® award winner for reliability and value

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November 7, 2025 · 4:15 PM UTC

NextEra Energy to participate in EEI Financial Conference and meet with investors throughout November

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October 28, 2025 · 7:30 AM UTC

NextEra Energy third-quarter 2025 financial results available on company's website

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October 27, 2025 · 4:39 PM UTC

NextEra Energy and Google Announce New Collaboration to Accelerate Nuclear Energy Deployment in the U.S.

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