NextEra Energy (NEE) Q3 2026 Financial Results Summary
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NextEra Energy, Inc. (NEE) Q3 2026: Strong Earnings Growth — Positive Outlook
NextEra Energy, Inc. (NEE) reported impressive third-quarter results for 2026, showcasing a significant increase in earnings compared to the previous year. The company achieved a net income attributable to NextEra Energy of $4.775 billion, or $2.28 per share, marking a substantial increase from $2.438 billion, or $1.18 per share, in Q3 2025. This represents a growth of $2.337 billion or 96% YoY.
Key Financial Metrics:
- Net Income: $4.775 billion (Q3 2026) vs. $2.438 billion (Q3 2025)
- Earnings Per Share (EPS): $2.28 (Q3 2026) vs. $1.18 (Q3 2025)
- Adjusted Earnings: $2.592 billion, or $1.24 per share, compared to $2.348 billion, or $1.13 per share in the prior year, reflecting a 9.7% increase in adjusted EPS.
Analyst View:
This quarter is undoubtedly a positive outcome for shareholders, driven by robust operational performance across both Florida Power & Light (FPL) and NextEra Energy Resources. The substantial increase in net income and EPS indicates effective management and strategic investments that are paying off. The company's ability to maintain low customer bills while enhancing service reliability is commendable, particularly in the wake of Hurricane Isaias, which tested their infrastructure.
Operational Highlights:
- FPL Performance: FPL reported a net income of $1.62 billion, or $0.77 per share, up from $1.463 billion, or $0.71 per share in the prior year. This growth was primarily attributed to disciplined capital investments, with capital expenditures of approximately $2.4 billion for the quarter.
- NextEra Energy Resources: The segment added 3.7 gigawatts of renewables and storage to its backlog, which now totals approximately 36.7 gigawatts. This includes 2.4 gigawatts of battery storage origination, highlighting the company's commitment to expanding its renewable energy portfolio.
Shareholder Returns and Guidance:
NextEra Energy continues to target a compound annual growth rate of 8%+ in adjusted earnings per share through 2032, with a similar target from 2032 through 2035, all based off a 2025 base of $3.71 adjusted EPS. The company also expects to grow its dividends per share at a rate of approximately 10% per year through 2026, off a 2024 base, and 6% per year from year-end 2026 through 2028.
Forward Catalysts:
Investors should closely monitor the progress of the pending combination with Dominion Energy, which has received shareholder approval and is moving through regulatory reviews. The anticipated benefits from this merger, including enhanced operational efficiencies and growth opportunities, could significantly impact NextEra Energy's future performance. Additionally, the ongoing expansion of renewable energy projects and the recommissioning of the Duane Arnold nuclear plant in Iowa, expected by the first quarter of 2029, are key developments to watch.
In conclusion, NextEra Energy's strong Q3 results reflect its strategic focus on growth and operational excellence, positioning the company favorably for continued success in the evolving energy landscape.
Here are the extracted tables from the press release:
Condensed Consolidated Statements of Income (millions, except per share amounts)
Note: The amounts in the following table are in millions.
| Three Months Ended | Corp | FPL | NEER | Other | NextEra Energy | Preliminary |
|---|---|---|---|---|---|---|
| 2026 | Operating Revenues | $5,421 | $2,516 | $153 | $8,090 | |
| Operating Expenses | ||||||
| Fuel, Purchased Power | $1,277 | $422 | — | $1,699 | ||
| Other Operating Expenses | $437 | $810 | $181 | $1,428 | ||
| Merger Expenses | — | — | $19 | $19 | ||
| Depreciation and Amortization | $875 | $761 | $15 | $1,651 | ||
| Taxes Other than Income Taxes | $598 | $114 | $1 | $713 | ||
| Total Operating Expenses | $3,187 | $2,107 | $216 | $5,510 | ||
| Gains (Losses) on Disposition of Business - Net | $1 | $46 | -$3 | $44 | ||
| Operating Income | $2,235 | $455 | -$66 | $2,624 | ||
| Other Income (Deductions) | ||||||
| Interest Expense | -$348 | $49 | $2,228 | $1,929 | ||
| Equity in Earnings (Losses) of Equity Method Investments | $293 | — | $293 | |||
| Allowance for Equity Funds Used During Construction | $63 | $2 | — | $65 | ||
| Gains (Losses) on Disposition of Investments and Other Property - Net | — | $44 | — | $44 | ||
| Change in Unrealized Gains (Losses) on Equity Securities Held in NEER Nuclear Decommissioning Funds - Net | — | -$50 | — | -$50 | ||
| Other Net Periodic Benefit Income | — | — | $71 | $71 | ||
| Other - Net | -$1 | $42 | $12 | $53 | ||
| Total Other Income (Deductions) | -$286 | $380 | $2,311 | $2,405 | ||
| Income (Loss) Before Income Taxes | $1,949 | $835 | $2,245 | $5,029 | ||
| Income Tax Expense (Benefit) | $329 | -$248 | $581 | $662 | ||
| Net Income (Loss) Attributable to Noncontrolling Interests | - | $408 | — | $408 | ||
| Net Income (Loss) Attributable to NextEra Energy Inc. | $1,620 | $1,491 | $1,664 | $4,775 | ||
| Adjusted Earnings (Loss) | $1,620 | $1,247 | -$275 | $2,592 | ||
| Net Income (Loss) Per Share Attributable to NextEra Energy Inc. | $0.77 | $0.71 | $0.80 | $2.28 | ||
| Adjusted Earnings (Loss) Per Share | $0.77 | $0.59 | -$0.12 | $1.24 | ||
| Weighted-Average Shares Used to Compute Net Income Per Share (Basic) | 2,098 |
Condensed Consolidated Balance Sheets (millions)
Note: The amounts in the following table are in millions.
| Condensed Consolidated Balance Sheets (unaudited) | FPL | NEER | OTHER | NextEra Energy |
|---|---|---|---|---|
| September 30, 2026 | ||||
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $819 | $2,504 | $2,256 | $5,579 |
| Customer Receivables, net of allowance | $2,191 | $2,649 | $1 | $4,841 |
| Other Receivables | $373 | $708 | $419 | $1,500 |
| Materials, Supplies and Fuel Inventories | $1,450 | $1,378 | $8 | $2,836 |
| Regulatory Assets | $217 | $21 | $1 | $239 |
| Derivative Assets | $9 | $1,429 | $887 | $2,325 |
| Other Assets | $190 | $880 | $196 | $1,266 |
| Total Current Assets | $5,249 | $9,569 | $3,768 | $18,586 |
| Other Assets | ||||
| Property, Plant and Equipment - net | $87,409 | $89,527 | $142 | $177,078 |
| Special Use Funds | $8,158 | $3,519 | — | $11,677 |
| Investment in Equity Method Investments | — | $6,067 | $20 | $6,087 |
| Prepaid Benefit Costs | $2,134 | $5 | $818 | $2,957 |
| Regulatory Assets | $7,048 | $171 | $13 | $7,232 |
| Derivative Assets | — | $2,225 | $1,654 | $3,879 |
| Goodwill | $2,965 | $2,175 | $12 | $5,152 |
| Other Assets | $925 | $9,782 | $1,697 | $12,404 |
| Total Other Assets | $108,674 | $113,415 | $4,356 | $226,445 |
| TOTAL ASSETS | $113,923 | $123,984 | $8,124 | $245,031 |
| Liabilities | ||||
| Current Liabilities | ||||
| Commercial Paper | — | — | $3,716 | $3,716 |
| Other Short-term Debt | — | $608 | $3,650 | $4,258 |
| Current Portion of Long-term Debt | $328 | $1,419 | $7,086 | $8,833 |
| Accounts Payable | $1,254 | $6,211 | $71 | $7,536 |
| Customer Deposits | $1,143 | $34 | — | $1,177 |
| Accrued Interest and Taxes | $1,385 | $510 | $255 | $2,150 |
| Derivative Liabilities | $15 | $1,025 | $27 | $1,067 |
| Accrued Construction Expenditures | $780 | $1,892 | — | $2,672 |
| Regulatory Liabilities | $472 | $17 | — | $489 |
| Other Liabilities | $550 | $1,707 | $983 | $3,240 |
| Total Current Liabilities | $5,927 | $13,423 | $15,788 | $35,138 |
| Other Liabilities and Deferred Credits | ||||
| Long-term Debt | $30,192 | $17,503 | $49,430 | $97,125 |
| Asset Retirement Obligations | $2,235 | $1,704 | — | $3,939 |
| Deferred Income Taxes | $10,624 | $4,871 | -$1,193 | $14,302 |
| Regulatory Liabilities | $13,156 | $162 | $2 | $13,320 |
| Derivative Liabilities | $33 | $1,645 | $53 | $1,731 |
| Other Liabilities | $341 | $3,597 | $1,217 | $5,155 |
| Total Other Liabilities and Deferred Credits | $56,581 | $29,482 | $49,509 | $135,572 |
| TOTAL LIABILITIES | $62,508 | $42,905 | $65,297 | $170,710 |
These tables capture the financial data presented in the press release while preserving their original format.
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