NextEra Energy reports Q1 EPS 91c, consensus 73c

Reports Q1 revenue $5.73B, consensus $6.05B. “NextEra Energy delivered strong Q1 results, growing adjusted EPS by approximately 8.3% year-over-year,” said CEO John Ketchum. “Both FPL and NextEra Energy Resources delivered solid financial and operating performances to start off the year. FPL placed into service 1,640 megawatts of new, cost-effective solar, while NextEra Energy Resources added approximately 2,765 megawatts of new renewables and storage to its backlog, marking its second-best origination quarter ever and its best quarter for both solar and storage origination. Our two businesses are well positioned to meet future power demand with renewables, storage and transmission, while leveraging our combination of enterprise-wide scale, decades of experience and investment in technology to drive long-term value for customers and shareholders. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted EPS expectations ranges in each year through 2026, while maintaining our strong balance sheet and credit ratings.”