NextEra Energy (NEE) · Utilities
NextEra Energy Q2 2026 earnings: summary, key numbers & outlook
Results filed 24 Jul 2026 · Quarter ended 30 Jun 2026
Press release ↗Investor relations ↗
Summaries and transcripts are machine-generated and can contain errors.
In brief
NextEra Energy reports 2026 second-quarter net income attributable to NextEra Energy on a GAAP basis of $3.144 billion, or $1.50 per share, and adjusted earnings of $2.407 billion, or $1.15 per share.
NextEra Energy had a strong second quarter. GAAP net income was $3.144 billion, or $1.50 per share, up from $2.028 billion, or $0.98 per share, a year earlier. Adjusted earnings were $2.407 billion, or $1.15 per share, against $1.05 per share last year. FPL earned $1.412 billion and NextEra Energy Resources earned $1.291 billion on an adjusted basis. NextEra Energy Resources added 3.6 GW of renewables and storage to its backlog, which now totals about 35.1 GW.
Management still expects 2026 adjusted earnings per share of $3.92 to $4.02 and is targeting the high end. It also expects 8%+ annual adjusted EPS growth through 2032, off a 2025 base of $3.71. The main risk is the proposed Dominion Energy combination, which needs state and federal approvals and is expected to close in the second half of 2027. Large-load deals at FPL are expected but not yet signed.
Key numbers
- Net income attributable to NextEra Energy (GAAP) · GAAP
- $3.144 billion
- GAAP earnings per share · GAAP
- $1.50
- Adjusted earnings per share · non-GAAP
- $1.15
- Adjusted earnings · non-GAAP
- $2.407 billion
- Operating revenues · GAAP
- $7.5B
- Operating income · GAAP
- $2.2B
compared to $2.028 billion for the second quarter of 2025
compared to $0.98 per share for the second quarter of 2025
compared to $1.05 per share in the second quarter of 2025
compared to $2.164 billion in the second quarter of 2025
compared to $6,700 in the prior-year quarter
compared to $1,911 in the prior-year quarter
| Segment or metric | Value | Change |
|---|---|---|
| FPL net income | $1.412 billion | compared to $1.275 billion for the prior-year comparable quarter |
| NextEra Energy Resources adjusted earnings | $1.291 billion | compared to $1.091 billion for the second quarter of 2025 |
| NextEra Energy Resources backlog | approximately 35.1 GW | 3.6 GW added in the quarter |
| FPL regulatory capital employed growth | approximately 9.3% | compared to the prior-year comparable quarter |
| FPL customers added | more than 90,000 | compared to the prior-year comparable period |
| FPL large-load interest | roughly 21 gigawatts | 12 GW in advanced discussions |
Where each number comes from
- Net income attributable to NextEra Energy (GAAP): “reported 2026 second-quarter net income attributable to NextEra Energy on a GAAP basis of $3.144 billion, or $1.50 per share, compared to $2.028 billion”
- GAAP earnings per share: “net income attributable to NextEra Energy on a GAAP basis of $3.144 billion, or $1.50 per share, compared to $2.028 billion, or $0.98 per share”
- Adjusted earnings per share: “On an adjusted basis, NextEra Energy's 2026 second-quarter earnings were $2.407 billion, or $1.15 per share, compared to $2.164 billion, or $1.05 per share”
- Adjusted earnings: “On an adjusted basis, NextEra Energy's 2026 second-quarter earnings were $2.407 billion, or $1.15 per share, compared to $2.164 billion, or $1.05 per share”
- Operating revenues: “Three Months Ended June 30, 2026 | FPL | NEER | Corporate andOther(a) | NextEra Energy Operating Revenues | $4,896 | $2,532 | $106 | $7,534”
- Operating income: “Gains (Losses) on Disposal of Businesses/Assets – Net | 1 | (5) | (3) | (7) Operating Income (Loss) | 1,822 | 519 | (103) | 2,238”
- FPL net income: “FPL reported second-quarter 2026 net income of $1.412 billion, or $0.67 per share, compared to $1.275 billion, or $0.62 per share, for the prior-year comparable quarter.”
- NextEra Energy Resources adjusted earnings: “NextEra Energy Resources' earnings for the second quarter of 2026 were $1.291 billion, or $0.62 per share, compared to $1.091 billion, or $0.53 per share”
- NextEra Energy Resources backlog: “With these additions, NextEra Energy Resources' backlog now totals approximately 35.1 GW after taking into account 1.1 GW of new projects placed into service”
- FPL regulatory capital employed growth: “Regulatory capital employed increased by approximately 9.3%, compared to the prior-year comparable quarter.”
- FPL customers added: “During the second quarter, FPL added more than 90,000 customers, compared to the prior-year comparable period.”
- FPL large-load interest: “FPL has roughly 21 gigawatts (GW) of large-load interest. Of that, FPL is in advanced discussions on 12 GW, a portion of which it believes it could begin serving as soon as 2028.”
Copied from the press release ↗ and other documents in the SEC filing ↗. A figure is published only if its sentence is in the filing.
XBRL figures for this quarter arrive with the 10-Q or 10-K; the numbers above are from the press release.
Outlook
| Metric | Period | Outlook |
|---|---|---|
| Adjusted earnings per share | 2026 | $3.92 to $4.02 |
| FPL capital investments | 2026 | between $12 billion and $13 billion |
| Adjusted EPS compound annual growth rate | through 2032 | 8%+ |
| Dividends per share growth | from year-end 2026 through 2028 | 6% per year |
| Combined company regulatory capital employed growth | through 2032, combined company | approximately 11% |
Key takeaways
Adjusted EPS rose 9.5% year over year
Adjusted earnings were $2.407 billion, or $1.15 per share, compared to $2.164 billion, or $1.05 per share, in the second quarter of 2025.
GAAP earnings far exceeded adjusted earnings
GAAP net income was $3.144 billion, or $1.50 per share, versus $1.15 adjusted, with net gains associated with non-qualifying hedges of $(862) pretax among the adjustments.
2026 outlook unchanged, targeting high end
Management expects 2026 adjusted EPS of $3.92 to $4.02 and is targeting the high end of that range.
Dominion merger enters regulatory review
Applications were filed July 15 with Virginia, North Carolina and South Carolina regulators, FERC and the NRC. Closing is expected in the second half of 2027.
FPL sees 21 GW of large-load interest
FPL is in advanced discussions on 12 GW and expects to announce at least one large-load transaction under its tariff by the end of the year.
Charts
Fourth quarter worked out from the annual figure.
Data
| Q2 2024 | $6.0B |
| Q3 2024 | $6.7B |
| Q4 2024 | $5.3B * |
| Q1 2025 | $6.0B |
| Q2 2025 | $6.4B |
| Q3 2025 | $7.4B |
| Q4 2025 | $6.1B * |
| Q1 2026 | $6.1B |
Data
| Q2 2024 | $0.79 |
| Q3 2024 | $0.90 |
| Q1 2025 | $0.40 |
| Q2 2025 | $0.98 |
| Q3 2025 | $1.18 |
| Q1 2026 | $1.04 |
Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.
Data
| Q2 2024 | 27.8% |
| Q3 2024 | 42.6% |
| Q4 2024 | 17.8% |
| Q1 2025 | 37.6% |
| Q2 2025 | 29.9% |
| Q3 2025 | 34.1% |
| Q4 2025 | 26.0% |
| Q1 2026 | 36.2% |
Questions
What were NextEra Energy's second-quarter 2026 earnings?
GAAP net income attributable to NextEra Energy was $3.144 billion, or $1.50 per share, versus $0.98 a year earlier. Adjusted earnings were $2.407 billion, or $1.15 per share, versus $1.05.
Did NextEra Energy change its 2026 outlook?
No. It continues to expect 2026 adjusted EPS of $3.92 to $4.02 and is targeting the high end of that range.
How did FPL and NextEra Energy Resources perform?
FPL reported net income of $1.412 billion, or $0.67 per share, up from $1.275 billion. NextEra Energy Resources had adjusted earnings of $1.291 billion, or $0.62 per share, up from $1.091 billion.
What is the status of the Dominion Energy combination?
The companies filed for state and federal merger approvals in July, and the Form S-4 became effective on July 23, 2026. Closing is expected in the second half of 2027, subject to approvals.
How strong is demand for new power from large customers?
FPL has roughly 21 GW of large-load interest, with advanced discussions on 12 GW. NextEra Energy Resources added 3.6 GW to its backlog in the quarter, bringing it to about 35.1 GW.
Documents
SEC filing