NextEra Energy 8-K
PositiveEarningsGuidance reaffirmed
FPL investment and renewables backlog growth support reaffirmed FY2026 adjusted EPS guidance of $3.92–$4.02, targeting the high end.
Filed 2026-10-21 07:40 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Third-quarter 2026 results with reaffirmed FY2026 and long-term outlook. NextEra Energy reported strong performance at FPL and NextEra Energy Resources, while GAAP results also reflected large non-qualifying hedge gains. NextEra Energy and Dominion Energy are advancing their pending combination after shareholder approval; the companies continue to expect it to close in the second half of 2027.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $8.09B, +2% Y/Y | $22.3B, +7% Y/Y |
| Operating income | $2.62B, +4% Y/Y | $7.07B, +6% Y/Y |
| Net income attributable to NextEra Energy, Inc. (GAAP) | $4.78B, +96% Y/Y | $10.1B, +91% Y/Y |
| Adjusted earnings (non-GAAP) | $2.59B, +10% Y/Y | $7.27B, +11% Y/Y |
| Diluted EPS (GAAP) | $2.28, +93% Y/Y | $4.82, +88% Y/Y |
| Adjusted EPS (non-GAAP) | $1.24, +9.7% Y/Y | $3.47, +9.5% Y/Y |
| Operating cash flow | — | $12.3B, +23% Y/Y |
- FPL’s growth was driven primarily by disciplined capital investment; regulatory capital employed increased ≈9.2% Y/Y. NextEra Energy Resources added 3.7 GW of renewables and storage to its backlog, including 2.4 GW of battery storage; backlog reached ≈36.7 GW.
- At 9/30/2026, cash and cash equivalents were $5.58B vs $2.81B at 12/31/2025; total carrying-value debt was $114B vs $95.6B.
- The Virginia benefits package for the proposed Dominion combination includes four years of residential bill credits, $100M of shareholder-funded customer bill assistance through 2038, $100M for workforce development, and up to $5B in supplier spending commitments over five years. The companies also cited 1,000 potential new Virginia jobs if approved.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Adjusted EPS (non-GAAP) | FY2026 | $3.92-$4.02; targeting high end | — | Reaffirmed |
| Adjusted EPS growth (non-GAAP; 2025 base of $3.71) | Through 2032 | 8%+ CAGR | — | Reaffirmed |
| Adjusted EPS growth (non-GAAP; 2025 base of $3.71) | 2032 through 2035 | 8%+ CAGR | — | Reaffirmed |
| Dividend per-share growth | Through 2026, off 2024 base | ≈10% per year | — | Reaffirmed |
| Dividend per-share growth | Year-end 2026 through 2028 | 6% per year | — | Reaffirmed |
| FPL capital investments | FY2026 | ≈$12B | — | — |
| Combined-company regulatory capital employed growth | Through 2032 | ≈11% annually | — | — |
| Combined-company adjusted EPS growth (non-GAAP) | Through 2032 | 9%+ | — | — |
| Combined-company adjusted EPS growth (non-GAAP) | Through 2035 | 9%+ target from 2032 | — | — |
Guidance changes, derived from earlier filings
| Metric | Period | Earlier guidance | Guidance now | Change |
|---|---|---|---|---|
| Adjusted EPS (non-GAAP) | FY2026 | $3.92–$4.02; targeting the high end | $3.92-$4.02; targeting high end | reaffirmed |
Investor Takeaways
- Watch state and federal reviews of the Dominion combination: Virginia and South Carolina hearings are scheduled for November and December, with final orders expected in January 2027; North Carolina expert hearings begin in February 2027.
- NextEra Energy Resources expects its pipeline of potential hubs under discussion with the market to grow from 30 to 40 by year-end.
- Duane Arnold remains on track to return to service no later than Q1 2029; the 20-year Point Beach power purchase agreement remains subject to Wisconsin regulatory approval.
The summary is written by an AI model reading the filing.
Model 005 · prompt v95 · 2026-10-21 14:34:55Z