NextEra Energy Started 2025 Strongly, with Adjusted Earnings per Share Growing by 9%

NextEra Energy has had a strong start to 2025, with adjusted earnings rising 9% year-on-year to $2.038 billion, or $0.99 per share. Despite a decline in GAAP net income to $833 million, or $0.40 per share, due to mark-to-market adjustments and other factors, the company remains optimistic about the future and expects 2025 earnings to be between $3.45 and $3.70 per share.
Florida Power & Light (FPL) reported net income of $1.316 billion, or $0.64 per share, for the first quarter, a year-on-year increase. FPL added 894 megawatts of solar capacity, making it the largest utility-owned solar fleet in the U.S., and it plans to add over 17 gigawatts of solar and 7.6 gigawatts of battery storage by 2034.
NextEra Energy Resources added 3.2 gigawatts of renewable and storage projects to its backlog in Q1, bringing the total pipeline to 28 gigawatts. Adjusted earnings were $908 million, or $0.44 per share, although GAAP net income fell to $172 million. The company aims to maintain an annual dividend growth target of 10% through at least 2026.