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NEE-PN

NextEra Energy, Inc. Series N J

NEE-PN

NextEra Energy, Inc. Series N J • NYSE
$23.98 ▼ -0.07% (-0.02)
Market Cap $49.37 B
52w High $24.15
52w Low $23.91
Dividend Yield 2.16%
P/E 0
Volume 15.71K
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 Over the last five years, the company has grown from being a solid utility into a much larger and more profitable energy platform. Revenue has stepped up meaningfully with only modest year‑to‑year swings, and profit margins have generally improved alongside that growth. Operating income and net income are both much higher than they were earlier in the period, even after a slight pullback from a particularly strong recent year. Overall, earnings look relatively steady and on an upward path, which is what you want to see from a regulated, capital‑intensive business.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly as the company has invested heavily in new assets, especially in renewables and supporting infrastructure. Debt has risen steadily to fund this growth, but shareholder equity has also grown, which helps support the higher leverage. Cash on hand is modest relative to the size of the business, which is typical for a regulated utility that relies on predictable cash inflows and ready access to financing. The picture is of a large, asset‑rich utility using substantial but manageable leverage to fund its expansion.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has trended strongly upward, showing that the underlying business is throwing off more cash over time. Capital spending has been very heavy for several years, reflecting aggressive investment in new projects, and this has periodically pushed free cash flow close to or below zero. More recently, however, free cash flow has turned clearly positive, suggesting the company is starting to harvest cash from past investments even as it continues to build. For a preferred security, this pattern—strong operating cash flow supporting large but gradually more self‑funded investment—generally points to improving financial flexibility, though it still depends on continued access to capital markets.

Competitive Edge

Competitive Edge NextEra holds a leading position in U.S. utilities and is widely recognized as a dominant player in renewable energy, especially wind and solar. Its scale allows it to build and operate projects at lower cost than many rivals, reinforcing its advantage as it grows. The regulated Florida Power & Light utility provides a stable, predictable earnings base under a relatively constructive regulatory framework, while the unregulated renewables arm offers growth. Together, these create a blend of stability and expansion that is hard for smaller or less diversified utilities to match.

Innovation and R&D

Innovation and R&D Innovation is a core part of the company’s strategy rather than a side project. It has been an early mover in large‑scale wind, solar, and especially battery storage, and it has invested heavily in strengthening and digitalizing the grid. Use of advanced analytics and AI to optimize operations, plus platforms like NextEra 360, show a focus on squeezing more value out of existing assets. The company is also actively exploring future technologies such as green hydrogen and more advanced storage, which could open new growth avenues if they prove economically attractive.

Summary

Viewed through the lens of the underlying company, this preferred security is tied to a large, growing utility that has successfully scaled both its regulated and renewable operations. Earnings and operating cash flow have strengthened over time, even as the company has taken on more debt to fund an ambitious investment program. The balance sheet is more leveraged but still supported by growing equity and a substantial base of regulated assets. Its leading position in renewables, strong project pipeline, and innovation in areas like storage, grid modernization, and hydrogen give it meaningful long‑term opportunities, while the regulated utility franchise helps anchor cash flows. As with any capital‑intensive utility, key watch points are debt levels, regulatory outcomes, and execution on large projects, but overall the financial and competitive trajectory has been positive.