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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 24, 2026
AI Summary
Q2 2026

Strong quarter: NextEra Energy said second-quarter adjusted EPS was $1.15, with first-half adjusted EPS up 9.8% year over year.

FPL growth: Florida Power & Light added more than 90,000 customers in the quarter and kept its full-year capital plan at $12 billion to $13 billion.

Large-load upside: Management lifted FPL’s large-load expectation from 6 gigawatts to 8 gigawatts by 2032 and said it expects at least one large-load deal by year-end.

Energy Resources momentum: Energy Resources added 3.6 gigawatts to backlog, brought backlog to about 35.1 gigawatts, and said returns and origination performance are improving.

Regulatory path: The company said its Dominion merger filings are moving ahead, with shareholder meetings expected in early September and closing still targeted for the second half of 2027.

Key Financials
Adjusted earnings per share
$1.15
FPL capital expenditures
$2.8 billion
Regulatory capital employed growth
approximately 9.3%
Reported return on equity
approximately 11.7%
Rate stabilization mechanism balance
approximately $1.3 billion
Customers added
more than 90,000
Retail sales
up approximately 0.4%
Energy Resources adjusted earnings growth
approximately 18% year-over-year
Energy Resources backlog additions
3.6 gigawatts
Energy Resources backlog
approximately 35.1 gigawatts
Battery storage additions
2 gigawatts
Renewables recontracted
over 500 megawatts
Recontracting pricing premium
roughly $20 per megawatt hour
Recontracting term
approximately 15 years
Solar installed
approximately 900 megawatts
Battery storage installed
over 1.4 gigawatts
Large-load expectation at FPL
8 gigawatts by 2032
Large-load interest at FPL
roughly 21 gigawatts
Advanced discussions at FPL
12 gigawatts
Capital expenditure per gigawatt of large load
roughly $2 billion
Transmission project length
137 miles
Transmission project voltage
345 kV
Transmission project ownership
43%
Transmission project value
approximately $1.6 billion
Transmission line impact
approximately $13 per month
Gas-fired generation projects
up to 9.5 gigawatts
Nuclear recommissioning timeline
no later than Q1 2029
SMR co-location opportunities
6 gigawatts
Combined company shareholder-funded bill credits
$2.25 billion
Combined company regulatory capital employed growth
approximately 11% annually through 2032
Combined company adjusted EPS growth
9% plus through 2032 and 9% plus through 2035
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