# NextEra Energy (NEE) Q2 2026 earnings

Results filed 2026-07-24 for the quarter ended 2026-06-30. Source page: https://earnings.opennash.com/companies/nee/2026-q2/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/753308/000075330826000058/0000753308-26-000058-index.htm
> 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

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Net income attributable to NextEra Energy (GAAP) | $3.144 billion | compared to $2.028 billion for the second quarter of 2025 | GAAP |
| GAAP earnings per share | $1.50 | compared to $0.98 per share for the second quarter of 2025 | GAAP |
| Adjusted earnings per share | $1.15 | compared to $1.05 per share in the second quarter of 2025 | non-GAAP |
| Adjusted earnings | $2.407 billion | compared to $2.164 billion in the second quarter of 2025 | non-GAAP |
| Operating revenues | $7,534 | compared to $6,700 in the prior-year quarter | GAAP |
| Operating income | $2,238 | compared to $1,911 in the prior-year quarter | GAAP |

## Segments and operating metrics

| Name | 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 |

## 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

1. **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.
2. **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.
3. **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.
4. **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.
5. **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.

## 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.