EarningsQ2 2026 Earnings Report
MX:NEE Q2 2026 EPS Results
Actual EPS$19.46
Consensus EPS$18.73
Beat/MissBeat by +$0.73
One Year Ago EPS$17.77
MX:NEE Q2 2026 Revenue Results
Actual Revenue$118.86B
Expected Revenue$137.21B
Beat/MissMissed by -$18.35B
YoY Revenue Growth+7.95%
Earnings Announcement Details
QuarterQ2 2026
Date07/24/2026
TimeBefore Open
Conference CallFriday, July 24, 2026
MX:NEE Upcoming Earnings
NextEra Energy's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:NEE Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad operational execution, substantial backlog and pipeline expansion, strong origination and recontracting momentum, and disciplined capital deployment (notably at FPL and Energy Resources). Key metrics showed double-digit year-over-year growth in several areas (e.g., 9.8% YTD EPS growth; ~18% Energy Resources earnings growth) and meaningful capacity additions and pipeline scale (backlog ~35.1 GW; >110 GW storage pipeline). Lowlights were mainly execution and timing risks (backlog still short of midpoint, government timing for federal hubs), modest retail sales growth, a small corporate earnings drag, and a sizable rate stabilization balance. Overall, the positive operating and financial progress and the magnitude of growth opportunities materially outweighed the manageable risks cited on the call.Company Guidance
Strong Quarterly and Year-to-Date EPS Performance
Adjusted EPS of $1.15 in Q2 2026 and adjusted EPS increased 9.8% year-over-year through the first 6 months, with full-year 2026 adjusted EPS guidance unchanged at $3.92 to $4.02 and management targeting the high end.
Energy Resources Growth and Origination Momentum
Energy Resources reported ~18% adjusted earnings growth year-over-year. Added 3.6 GW of renewables and storage to backlog in the quarter (battery storage = 2 GW). Backlog totaled ~35.1 GW after placing 1.1 GW into service since the last call. Management noted Energy Resources' adjusted EBITDA in the S-4 is roughly $4 billion higher in 2032 versus the December investor conference, driven by stronger originations.
Massive Battery and Storage Pipeline
Battery storage pipeline (stand-alone and co-located) exceeds 110 GW. Full-year FPL installations remain on track for ~900 MW of solar and over 1.4 GW of battery storage, and the quarter included significant 2 GW of battery additions to Energy Resources' backlog.
FPL Operational Strength and Customer Growth
FPL added more than 90,000 customers in Q2 versus prior year. FPL nonfuel O&M is over 70% better than the industry average on a $/MWh basis and reliability is >60% better than the national average. Typical residential bills approximately 30% below the national average, and projected to increase roughly 2% annually through the end of the decade.
FPL Financial and Investment Metrics
FPL regulatory capital employed grew ~9.3% (key driver of EPS growth). Quarterly CapEx was ~$2.8 billion and full-year FPL CapEx expected between $12 billion and $13 billion. Reported return on equity for regulatory purposes for the 12 months ending June was ~11.7%.
Large-Load Opportunity Expansion
FPL increased its large load expectations from 6 GW to 8 GW by 2032 (a ~33% increase). FPL has ~21 GW of large-load interest and is in advanced discussions on ~12 GW; management expects to announce at least one large-load transaction by year-end. Management estimates ~ $2 billion of CapEx per GW under the approved tariff.
Transmission Execution and Wins
NextEra Energy Transmission energized a 137-mile, 345 kV line in New Mexico ahead of schedule and on budget (31 months from award to service) — an independent study projects ~$13/month reduction in typical residential bills in 2031. MISO selected NextEra Energy Transmission as part of a consortium for two 765 kV backbone projects (~$1.6 billion total; NextEra Energy Transmission 43% ownership).
Recontracting and Premium Pricing
Since the last call, Energy Resources recontracted over 500 MW, bringing year-to-date recontracting to over 1,100 MW of renewables. These recontractings were priced on average at roughly a $20/MWh premium above recent realized pricing and locked for approximately 15 years on average.
Strategic M&A Progress and Pro-Forma Upside
S-4 filed and effective; regulatory filings submitted with multiple state and federal agencies for the proposed Dominion combination. Management projects the combined platform to support substantial growth: management reiterated targets of 8%+ adjusted EPS CAGR through 2032 and issued $2.25 billion in shareholder-funded bill credits to Dominion customers as a near-term customer benefit.
MX:NEE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed