NextEra Energy reports third-quarter 2026 financial results
NextEra Energy, Inc. Media Line: 561-694-4442 Oct. 21, 2026 FOR IMMEDIATE RELEASE
• FPL grows regulatory capital employed by approximately 9.2% year-over-year through disciplined capital investments and continues to keep customer bills low while delivering highly reliable electricity
• NextEra Energy Resources has a strong quarter for new renewables and storage origination, adding 3.7 gigawatts of renewables and storage to its backlog, which now stands at approximately 36.7 gigawatts
• NextEra Energy and Dominion Energy continue to advance their pending combination following shareholder approval
JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2026 third- quarter net income attributable to NextEra Energy on a GAAP basis of $4.775 billion, or $2.28 per share, compared to $2.438 billion, or $1.18 per share, for the third quarter of 2025. On an adjusted basis, NextEra Energy's 2026 third- quarter earnings were $2.592 billion, or $1.24 per share, compared to $2.348 billion, or $1.13 per share, in the third quarter of 2025.
"NextEra Energy delivered strong third-quarter results, with adjusted earnings per share increasing 9.7% year-over-year, reflecting continued strong financial and operational performance at both FPL and NextEra Energy Resources," said John Ketchum, chairman, president and chief executive officer. "Our thoughts remain with the communities across Northwest Florida devastated by Hurricane Isaias. I am incredibly proud of our employees and the thousands of contractors, mutual- assistance crews, first responders and community partners who worked around the clock to restore power safely and quickly to our customers. Their preparation, dedication, commitment and selflessness, together with our investments in a stronger, smarter and more storm-resilient grid, helped reduce the number and duration of outages and enabled us to get our customers' lives back to normal faster.
"A year ago, we laid out a clear plan for NextEra Energy, and today we continue to execute against that plan. We believe NextEra Energy remains one of the best- positioned companies in the sector, with the scale, balance sheet, supply chain, technology, customer relationships, and development and operating expertise to build what our customers need, when and where they need it. We are executing across our full set of growth opportunities by staying focused on affordability, reliability and delivering every day for our customers. We expect to grow adjusted earnings per share at a compound annual growth rate of 8%+ through 2032 and are targeting the same from 2032 through 2035, all off the 2025 base.
"We also continue to advance our pending combination with Dominion Energy. Shareholders of both companies approved the transaction in September, and the state and federal regulatory reviews are moving forward. Last month, we announced a comprehensive benefits package in Virginia centered around affordability, jobs and building more clean energy and battery storage faster to decrease reliance on expensive imports. We believe these additional commitments further demonstrate the tangible benefits this combination can deliver for customers and communities in the Commonwealth. We will also continue to engage in constructive dialogue with stakeholders in South Carolina and North Carolina and are confident this combination will deliver benefits that matter most to each state."
FPL reported third-quarter 2026 net income of $1.62 billion, or $0.77 per share, compared to $1.463 billion, or $0.71 per share, for the prior-year comparable quarter.
FPL's growth in the third quarter of 2026 was driven primarily by continued disciplined capital investments. FPL's capital expenditures were approximately $2.4 billion for the third quarter, and full-year capital investments are 1 expected to be approximately $12 billion. Regulatory capital employed increased by approximately 9.2%, compared to the prior-year comparable quarter.
FPL continues to demonstrate that it can consistently deliver customer affordability and reliability while serving one of the fastest-growing states in the nation and the world's 14th largest economy. FPL's typical residential bill is approximately 37% below the national average and is projected to increase only 2% annually, on average, through the end of the decade. FPL drives consistently low bills through exceptional operational efficiency. FPL's non- fuel O&M is more than 70% lower than the industry average on a dollar-per- megawatt-hour basis. Customers also continue to benefit from top-decile reliability that's more than 60% better than the national average. FPL's customer service is also ranked top decile nationally for residential customer satisfaction, while maintaining the lowest billing cost per customer.
Following Hurricane Isaias, FPL restored power safely and quickly to all customers able to safely accept service. In preparation for the storm, FPL assembled a restoration workforce of approximately 17,000 men and women from 29 states, pre-positioning crews, equipment and supplies ahead of the storm so restoration could begin as soon as conditions were safe. The hurricane exited FPL's service area early Saturday morning, Oct. 10, and by Tuesday, FPL had restored power to more than 97% of affected customers. Early forensic analysis shows investing in a stronger, smarter and more storm-resilient grid benefited FPL customers. Not a single hardened transmission or distribution pole failed during Isaias, underground neighborhood power lines performed approximately 14 times better than overhead lines, and smart-grid technology avoided approximately 140,000 outages.
NextEra Energy Resources reported third-quarter 2026 net income attributable to NextEra Energy on a GAAP basis of $1.491 billion, or $0.71 per share, compared to $1.275 billion, or $0.62 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the third quarter of 2026 were $1.247 billion, or $0.59 per share, compared to $1.102 billion, or $0.53 per share, for the third quarter of 2025.
NextEra Energy Resources had a strong quarter of new renewables and storage origination, adding 3.7 gigawatts (GW) to its backlog. This includes another strong quarter of battery storage origination at 2.4 GW. With these additions, NextEra Energy Resources' backlog now totals approximately 36.7 GW after taking into account 1.8 GW of new projects placed into service since the second-quarter 2026 financial results call in July.
NextEra Energy Resources also continues to expand its regulated electric and natural gas transmission portfolio. Regulated and invested capital, along with secured capital expenditures across electric and gas transmission, have increased roughly 25% to approximately $12.7 billion since December 2025. During the quarter, NextEra Energy Resources formed a joint venture with Chesapeake Utilities Corporation to build a $1.2 billion, 97-mile intrastate natural gas pipeline in South Florida.
NextEra Energy Resources continues to make significant progress across its large-load opportunity set. The company has signed definitive agreements for three federal hub projects with two in Texas and one in Pennsylvania, totaling approximately 16.5 GW and has secured $5.7 billion in initial funding year-to- date. For the federal hubs, NextEra Energy Resources expects to develop, build and operate the projects for fees without investing capital.
NextEra Energy Resources also continues to advance a significant pipeline of large-load projects that it expects to own and operate. In July, NextEra Energy was part of a coalition of energy, infrastructure and utility companies that announced a strategic partnership to develop a data center campus at the U.S. Department of Energy's Paducah Site in Western Kentucky. NextEra Energy expects to build and own dedicated generation resources to power the campus, including up to 2 GW of natural gas and up to 2.6 GW of battery storage systems. NextEra Energy Resources also has a development pipeline of 30 potential hubs it is discussing with the market and continues to expect that number to rise to 40 by year-end.
NextEra Energy Resources' Duane Arnold nuclear plant in Iowa remains on track to be recommissioned and re-enter service no later than the first quarter of 2029. During the quarter, the company closed a loan with the U.S. Department of Energy of up to $1.9 billion to support the restart. This milestone moves the company closer to restarting Iowa's only nuclear plant and adding reliable, around-the- clock energy to the regional grid. During the quarter, NextEra Energy Resources also executed a 20-year power purchase agreement for approximately 1 GW of its Point Beach nuclear asset in Wisconsin at a competitive price, which remains subject to approval by the Public Service Commission of Wisconsin. The full output of the plant is now contracted into the 2050s. NextEra Energy Resources' year-to-date renewables and nuclear recontracting total is nearly 2.4 GW. 2
In the third quarter of 2026 on a GAAP basis, Corporate and Other results increased $0.95 per share, compared to the prior-year quarter. On an adjusted basis, Corporate and Other results for the third quarter of 2026 decreased $0.01 per share, compared to the prior-year quarter.
NextEra Energy and Dominion Energy continue to advance their pending combination. On Sept. 3, shareholders of both companies approved the pending combination, satisfying an important closing condition. The state regulatory reviews are also moving forward. In Virginia and South Carolina, procedural schedules have been set with hearings in November and December, respectively, and the companies expect final orders in January 2027. The North Carolina Utilities Commission has established a procedural schedule with expert witness hearings beginning in February 2027. The federal review processes are also underway and continuing.
In September, NextEra Energy announced an enhanced benefits package for Virginia that doubled residential bill credits from two years to four years, provided an additional $100 million of shareholder-funded support for Dominion Energy's customer bill assistance program through 2038, provided $100 million to directly support workforce development and created up to a $5 billion Virginia supplier program through spending commitments over five years that support cost- competitive contractors, suppliers and service providers doing business in Virginia. NextEra Energy also committed to creating 600 new NextEra Energy jobs in Virginia that would work out of a new shareholder-funded co-headquarters tower in downtown Richmond and to maintaining Virginia employee headcount for the next five years. Through its supplier relationships, NextEra Energy has already secured letters of intent for at least 400 new jobs if the combination is approved, bringing the total to 1,000 new Virginia jobs.
As announced in May, the combined company is expected to support approximately 11% annual growth in regulatory capital employed through 2032 and 9%+ adjusted earnings per share growth through 2032, with a 9%+ target through 2035, all off a 2025 base. The companies continue to expect the combination to close in the second half of 2027.
NextEra Energy's long-term financial expectations remain unchanged. NextEra Energy continues to expect 2026 adjusted earnings per share to be in the range of $3.92 to $4.02 and is targeting the high end of that range. NextEra Energy also continues to expect a compound annual growth rate in adjusted earnings per share of 8%+ annually through 2032 and is targeting the same from 2032 through 2035, all off the 2025 base of $3.71 adjusted earnings per share. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through 2026, off a 2024 base, and 6% per year from year-end 2026 through 2028.
As previously announced, NextEra Energy's third-quarter 2026 financial results conference call is scheduled for 9 a.m. ET today. The listen-only webcast will be available on NextEra Energy's website by accessing the following link:
. The news release and slides accompanying the presentation may be downloaded at
, beginning at 7:30 a.m. ET today. A replay will be available for 90 days by accessing the link listed above.
NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns the largest energy infrastructure development company in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com , www.FPL.com , www.NextEraEnergyResources.com . ### Adjusted earnings for the periods in this news release exclude the effects of non-qualifying hedges; XPLR Infrastructure, LP net investment gains; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and merger-related expenses.
NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income attributable to NextEra Energy, which is the most 3 directly comparable GAAP measure, is included in the attachments to this news release. Adjusted earnings does not represent a substitute for net income, as prepared in accordance with GAAP.
NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, the effects of non-qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments. These items could significantly impact GAAP earnings per share. Adjusted earnings expectations and other forward-looking statements assume, among other things, normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind, solar, and storage development and construction; market demand for generation development and capacity needs; market demand and policy support for transmission development and expansion; market demand for pipeline capacity; access to capital at reasonable cost and terms; rate case outcomes consistent with historical; no adverse litigation decisions; and no changes to governmental policies or incentives. Please see the accompanying cautionary statements for a list of the risk factors that may affect future results.
This news release should be read in conjunction with the attached unaudited financial information. Cautionary Statements and Risk Factors That May Affect Future Results This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's and FPL's control. Forward-looking statements in this news release include, among others, statements concerning the pending business combination transaction between NextEra Energy and Dominion Energy, Inc., a Virginia corporation (Dominion Energy) and future events, plans and anticipated results of operations, the anticipated benefits of the pending transactions, the anticipated impact of the pending transactions on the combined company’s business and future financial and operating results, statements concerning adjusted earnings per share expectations and future operating performance, statements concerning future dividends and statements concerning growth strategies, capital investment opportunities and technology initiatives. In addition, all statements other than statements of historical fact included or incorporated by reference in this news release, including, among other things, statements regarding the pending business combination transaction between NextEra Energy and Dominion Energy, and other aspects of NextEra Energy’s, FPL’s or Dominion Energy's operations or operating results, are forward-looking statements. In some cases, you can identify the forward-looking statements by words or phrases such as "ambition," “will,” “may result,” “expect,” “anticipate,” "estimate," “believe,” "budget," “intend,” “plan,” “seek,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would,” “estimate,” “continue,” “could,” “objective,” “guidance,” “effort” or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance, outcomes or results and are subject to numerous risks, uncertainties and other factors, many of which are beyond NextEra Energy's, FPL's or Dominion Energy's control, that could cause actual performance, outcomes or results to differ materially from what is expressed or implied in the forward-looking statements, or may require them to limit or eliminate certain operations.
The risks and uncertainties relating to each of NextEra Energy’s and FPL’s businesses and financial condition include, but are not limited to, those discussed in this news release and the following: risks related to the pending merger with Dominion Energy (including restrictions on our operations during the pendency of the merger; the risk that any governmental or regulatory approval, consent or authorization that may be required for the pending transactions is not obtained, is delayed or is obtained subject to conditions that are not anticipated or that cause the termination of the merger agreement and abandonment of the transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement by either party; the risk that certain provisions in the merger agreement or the pendency of the transactions may impact either party’s ability to pursue certain business opportunities or strategic transactions; the risk that we may not realize the anticipated benefits of the pending transactions or successfully integrate the two companies, the anticipated impact of the pending transactions on the combined company’s business and future financial and operating results, and the anticipated closing date for the pending transactions; effects of extensive regulation of NextEra Energy's and FPL's business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy and FPL; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy of NextEra Energy and FPL and their affiliated entities or changes in or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy and FPL; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of their operations and businesses; effect on NextEra Energy and FPL of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; impacts on NextEra Energy or FPL of allegations of violations of law; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and 4 oil production and transportation facilities and other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy and FPL of a lack of growth, slower growth or a decline in the number of customers or in customer usage; planned productivity increases and competitive advantages through the use of artificial intelligence technologies may not be realized and the use of and reliance on artificial intelligence may present certain risks; impact on NextEra Energy and FPL of severe weather and other weather conditions; threats of geopolitical factors, terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy's and FPL's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy and FPL against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted production or unsuccessful drilling efforts could impact NextEra Energy Resources, LLC’s (NextEra Energy Resources) natural gas and oil production operations and cause NextEra Energy Resources to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources' full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's and FPL's risk management tools associated with their hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas by NextEra Energy, including FPL; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; failure of NextEra Energy or FPL counterparties to perform under derivative contracts or of requirement for NextEra Energy or FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's or FPL's information technology systems, or implementation challenges; risks to NextEra Energy and FPL's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability of FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with NextEra Energy Resources’ and FPL's ownership and operation of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources' or FPL's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's and FPL's ability to fund their liquidity and capital needs and meet their growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; reduction of NextEra Energy's and FPL's liquidity from the inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of NextEra Energy's and FPL's nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends, make distributions or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and its effects on NextEra Energy’s or FPL’s businesses. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to NextEra Energy’s, FPL’s and Dominion Energy’s respective periodic reports and other filings with the Securities and Exchange Commission (SEC), including, but not limited to, the risk factors contained in NextEra Energy’s and FPL’s, on the one hand, and Dominion Energy’s, on the other, most recently filed Annual Reports on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q, the registration statement on Form S-4 (Registration No. 333-297351) filed by NextEra Energy with the SEC on July 9, 2026 (Registration Statement), which was declared effective by the SEC on July 23, 2026, and the definitive joint proxy statement/prospectus filed by NextEra Energy with the SEC on July 28, 2026 (definitive joint proxy statement/prospectus).
This news release should be read in conjunction with such SEC filings. Any forward-looking statements included in this news release represent current expectations, are inherently uncertain and are made only as of the date hereof (or, if applicable, the dates indicated in such statement). Except as required by law, neither NextEra Energy or FPL undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise.
This news release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. 5 Additional Information about the Transactions and Where to Find It
In connection with the pending transactions, NextEra Energy has filed with the SEC the Registration Statement, which includes a joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a prospectus of NextEra Energy. The Registration Statement was declared effective by the SEC on July 23, 2026. NextEra Energy filed the definitive joint proxy statement/prospectus with the SEC, and Dominion Energy filed a definitive proxy statement with the SEC, in each case, on July 28, 2026, and each of NextEra Energy and Dominion Energy commenced mailing of the definitive joint proxy statement/prospectus to their respective shareholders on or about July 28, 2026. Each of NextEra Energy and Dominion Energy may also file other relevant documents with the SEC regarding the pending transactions. This news release is not a substitute for the Registration Statement or the definitive joint proxy statement/prospectus or any other document that NextEra Energy or Dominion Energy may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY, DOMINION ENERGY, THE PENDING TRANSACTIONS AND RELATED MATTERS.
Investors and security holders may obtain free copies of the Registration Statement, the definitive joint proxy statement/prospectus and other documents containing important information about NextEra Energy, Dominion Energy and the pending transactions, filed or that will be filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by NextEra Energy are available free of charge on NextEra Energy’s website at http://www.investor.nexteraenergy.com/ or by contacting NextEra Energy’s Investor Relations Department by email at investors@nexteraenergy.com or by phone at (800) 222-4511. Copies of the documents filed with the SEC by Dominion Energy are available free of charge on Dominion Energy’s website at http://investors.dominionenergy.com or by contacting Dominion Energy’s Investor Relations Department by email at investor.relations@dominionenergy.com or by phone at (804) 819-2438. 6
Condensed Consolidated Statements of Income (millions, except per share amounts)
———————————— Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. (a) Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
———————————— Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. (a) Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
———————————— Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. (a) Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
———————————— Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. (a) Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
Full text with the tables
Exhibit 99
NextEra Energy, Inc.
Media Line: 561-694-4442
Oct. 21, 2026
FOR IMMEDIATE RELEASE
NextEra Energy reports third-quarter 2026 financial results
• NextEra Energy delivers strong third-quarter results
• FPL grows regulatory capital employed by approximately 9.2% year-over-year
through disciplined capital investments and continues to keep customer bills low
while delivering highly reliable electricity
• NextEra Energy Resources has a strong quarter for new renewables and storage
origination, adding 3.7 gigawatts of renewables and storage to its backlog,
which now stands at approximately 36.7 gigawatts
• NextEra Energy and Dominion Energy continue to advance their pending
combination following shareholder approval
JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2026 third-
quarter net income attributable to NextEra Energy on a GAAP basis of $4.775
billion, or $2.28 per share, compared to $2.438 billion, or $1.18 per share, for
the third quarter of 2025. On an adjusted basis, NextEra Energy's 2026 third-
quarter earnings were $2.592 billion, or $1.24 per share, compared to $2.348
billion, or $1.13 per share, in the third quarter of 2025.
"NextEra Energy delivered strong third-quarter results, with adjusted earnings
per share increasing 9.7% year-over-year, reflecting continued strong financial
and operational performance at both FPL and NextEra Energy Resources," said John
Ketchum, chairman, president and chief executive officer. "Our thoughts remain
with the communities across Northwest Florida devastated by Hurricane Isaias. I
am incredibly proud of our employees and the thousands of contractors, mutual-
assistance crews, first responders and community partners who worked around the
clock to restore power safely and quickly to our customers. Their preparation,
dedication, commitment and selflessness, together with our investments in a
stronger, smarter and more storm-resilient grid, helped reduce the number and
duration of outages and enabled us to get our customers' lives back to normal
faster.
"A year ago, we laid out a clear plan for NextEra Energy, and today we continue
to execute against that plan. We believe NextEra Energy remains one of the best-
positioned companies in the sector, with the scale, balance sheet, supply chain,
technology, customer relationships, and development and operating expertise to
build what our customers need, when and where they need it. We are executing
across our full set of growth opportunities by staying focused on affordability,
reliability and delivering every day for our customers. We expect to grow
adjusted earnings per share at a compound annual growth rate of 8%+ through 2032
and are targeting the same from 2032 through 2035, all off the 2025 base.
"We also continue to advance our pending combination with Dominion Energy.
Shareholders of both companies approved the transaction in September, and the
state and federal regulatory reviews are moving forward. Last month, we
announced a comprehensive benefits package in Virginia centered around
affordability, jobs and building more clean energy and battery storage faster to
decrease reliance on expensive imports. We believe these additional commitments
further demonstrate the tangible benefits this combination can deliver for
customers and communities in the Commonwealth. We will also continue to engage
in constructive dialogue with stakeholders in South Carolina and North Carolina
and are confident this combination will deliver benefits that matter most to
each state."
FPL
FPL reported third-quarter 2026 net income of $1.62 billion, or $0.77 per share,
compared to $1.463 billion, or $0.71 per share, for the prior-year comparable
quarter.
FPL's growth in the third quarter of 2026 was driven primarily by continued
disciplined capital investments. FPL's capital expenditures were approximately
$2.4 billion for the third quarter, and full-year capital investments are
1
expected to be approximately $12 billion. Regulatory capital employed increased
by approximately 9.2%, compared to the prior-year comparable quarter.
FPL continues to demonstrate that it can consistently deliver customer
affordability and reliability while serving one of the fastest-growing states in
the nation and the world's 14th largest economy. FPL's typical residential bill
is approximately 37% below the national average and is projected to increase
only 2% annually, on average, through the end of the decade. FPL drives
consistently low bills through exceptional operational efficiency. FPL's non-
fuel O&M is more than 70% lower than the industry average on a dollar-per-
megawatt-hour basis. Customers also continue to benefit from top-decile
reliability that's more than 60% better than the national average. FPL's
customer service is also ranked top decile nationally for residential customer
satisfaction, while maintaining the lowest billing cost per customer.
Following Hurricane Isaias, FPL restored power safely and quickly to all
customers able to safely accept service. In preparation for the storm, FPL
assembled a restoration workforce of approximately 17,000 men and women from 29
states, pre-positioning crews, equipment and supplies ahead of the storm so
restoration could begin as soon as conditions were safe. The hurricane exited
FPL's service area early Saturday morning, Oct. 10, and by Tuesday, FPL had
restored power to more than 97% of affected customers. Early forensic analysis
shows investing in a stronger, smarter and more storm-resilient grid benefited
FPL customers. Not a single hardened transmission or distribution pole failed
during Isaias, underground neighborhood power lines performed approximately 14
times better than overhead lines, and smart-grid technology avoided
approximately 140,000 outages.
NextEra Energy Resources
NextEra Energy Resources reported third-quarter 2026 net income attributable to
NextEra Energy on a GAAP basis of $1.491 billion, or $0.71 per share, compared
to $1.275 billion, or $0.62 per share, in the prior-year quarter. On an adjusted
basis, NextEra Energy Resources' earnings for the third quarter of 2026 were
$1.247 billion, or $0.59 per share, compared to $1.102 billion, or $0.53 per
share, for the third quarter of 2025.
NextEra Energy Resources had a strong quarter of new renewables and storage
origination, adding 3.7 gigawatts (GW) to its backlog. This includes another
strong quarter of battery storage origination at 2.4 GW. With these additions,
NextEra Energy Resources' backlog now totals approximately 36.7 GW after taking
into account 1.8 GW of new projects placed into service since the second-quarter
2026 financial results call in July.
NextEra Energy Resources also continues to expand its regulated electric and
natural gas transmission portfolio. Regulated and invested capital, along with
secured capital expenditures across electric and gas transmission, have
increased roughly 25% to approximately $12.7 billion since December 2025. During
the quarter, NextEra Energy Resources formed a joint venture with Chesapeake
Utilities Corporation to build a $1.2 billion, 97-mile intrastate natural gas
pipeline in South Florida.
NextEra Energy Resources continues to make significant progress across its
large-load opportunity set. The company has signed definitive agreements for
three federal hub projects with two in Texas and one in Pennsylvania, totaling
approximately 16.5 GW and has secured $5.7 billion in initial funding year-to-
date. For the federal hubs, NextEra Energy Resources expects to develop, build
and operate the projects for fees without investing capital.
NextEra Energy Resources also continues to advance a significant pipeline of
large-load projects that it expects to own and operate. In July, NextEra Energy
was part of a coalition of energy, infrastructure and utility companies that
announced a strategic partnership to develop a data center campus at the U.S.
Department of Energy's Paducah Site in Western Kentucky. NextEra Energy expects
to build and own dedicated generation resources to power the campus, including
up to 2 GW of natural gas and up to 2.6 GW of battery storage systems. NextEra
Energy Resources also has a development pipeline of 30 potential hubs it is
discussing with the market and continues to expect that number to rise to 40 by
year-end.
NextEra Energy Resources' Duane Arnold nuclear plant in Iowa remains on track to
be recommissioned and re-enter service no later than the first quarter of 2029.
During the quarter, the company closed a loan with the U.S. Department of Energy
of up to $1.9 billion to support the restart. This milestone moves the company
closer to restarting Iowa's only nuclear plant and adding reliable, around-the-
clock energy to the regional grid. During the quarter, NextEra Energy Resources
also executed a 20-year power purchase agreement for approximately 1 GW of its
Point Beach nuclear asset in Wisconsin at a competitive price, which remains
subject to approval by the Public Service Commission of Wisconsin. The full
output of the plant is now contracted into the 2050s. NextEra Energy Resources'
year-to-date renewables and nuclear recontracting total is nearly 2.4 GW.
2
Corporate and Other
In the third quarter of 2026 on a GAAP basis, Corporate and Other results
increased $0.95 per share, compared to the prior-year quarter. On an adjusted
basis, Corporate and Other results for the third quarter of 2026 decreased $0.01
per share, compared to the prior-year quarter.
NextEra Energy and Dominion Energy pending combination
NextEra Energy and Dominion Energy continue to advance their pending
combination. On Sept. 3, shareholders of both companies approved the pending
combination, satisfying an important closing condition. The state regulatory
reviews are also moving forward. In Virginia and South Carolina, procedural
schedules have been set with hearings in November and December, respectively,
and the companies expect final orders in January 2027. The North Carolina
Utilities Commission has established a procedural schedule with expert witness
hearings beginning in February 2027. The federal review processes are also
underway and continuing.
In September, NextEra Energy announced an enhanced benefits package for Virginia
that doubled residential bill credits from two years to four years, provided an
additional $100 million of shareholder-funded support for Dominion Energy's
customer bill assistance program through 2038, provided $100 million to directly
support workforce development and created up to a $5 billion Virginia supplier
program through spending commitments over five years that support cost-
competitive contractors, suppliers and service providers doing business in
Virginia. NextEra Energy also committed to creating 600 new NextEra Energy jobs
in Virginia that would work out of a new shareholder-funded co-headquarters
tower in downtown Richmond and to maintaining Virginia employee headcount for
the next five years. Through its supplier relationships, NextEra Energy has
already secured letters of intent for at least 400 new jobs if the combination
is approved, bringing the total to 1,000 new Virginia jobs.
As announced in May, the combined company is expected to support approximately
11% annual growth in regulatory capital employed through 2032 and 9%+ adjusted
earnings per share growth through 2032, with a 9%+ target through 2035, all off
a 2025 base. The companies continue to expect the combination to close in the
second half of 2027.
Outlook
NextEra Energy's long-term financial expectations remain unchanged. NextEra
Energy continues to expect 2026 adjusted earnings per share to be in the range
of $3.92 to $4.02 and is targeting the high end of that range. NextEra Energy
also continues to expect a compound annual growth rate in adjusted earnings per
share of 8%+ annually through 2032 and is targeting the same from 2032 through
2035, all off the 2025 base of $3.71 adjusted earnings per share. NextEra Energy
also continues to expect to grow its dividends per share at a roughly 10% rate
per year through 2026, off a 2024 base, and 6% per year from year-end 2026
through 2028.
Conference call information
As previously announced, NextEra Energy's third-quarter 2026 financial results
conference call is scheduled for 9 a.m. ET today. The listen-only webcast will
be available on NextEra Energy's website by accessing the following link:
www.NextEraEnergy.com/FinancialResults
. The news release and slides accompanying the presentation may be downloaded at
www.NextEraEnergy.com/FinancialResults
, beginning at 7:30 a.m. ET today. A replay will be available for 90 days by
accessing the link listed above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy
infrastructure company in North America and is a leading provider of electricity
to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra
Energy is a Fortune 200 company that owns Florida Power & Light Company,
America's largest electric utility, which provides reliable electricity to
approximately 12 million people across Florida. NextEra Energy also owns the
largest energy infrastructure development company in the U.S., NextEra Energy
Resources, LLC. NextEra Energy and its affiliated entities are meeting America's
growing energy needs with a diverse mix of energy sources, including natural
gas, nuclear, renewable energy and battery storage. For more information about
NextEra Energy companies, visit these websites: www.NextEraEnergy.com ,
www.FPL.com , www.NextEraEnergyResources.com .
###
Adjusted earnings for the periods in this news release exclude the effects of
non-qualifying hedges; XPLR Infrastructure, LP net investment gains; change in
unrealized gains and losses on equity securities held in NextEra Energy
Resources' nuclear decommissioning funds and other than temporary impairments
(OTTI); and merger-related expenses.
NextEra Energy's management uses adjusted earnings, which is a non-GAAP
financial measure, internally for financial planning, analysis of performance,
reporting of results to the board of directors and as an input in determining
performance-based compensation under the company's employee incentive
compensation plans. NextEra Energy also uses earnings expressed in this fashion
when communicating its financial results and earnings outlook to analysts and
investors. NextEra Energy's management believes that adjusted earnings provide a
more meaningful representation of NextEra Energy's fundamental earnings power. A
reconciliation of historical adjusted earnings to net income attributable to
NextEra Energy, which is the most
3
directly comparable GAAP measure, is included in the attachments to this news
release. Adjusted earnings does not represent a substitute for net income, as
prepared in accordance with GAAP.
NextEra Energy does not provide a quantitative reconciliation of forward-looking
adjusted earnings per share to earnings per share, the most directly comparable
GAAP financial measure, because certain information needed to reconcile these
measures is not available without unreasonable efforts due to the inherent
difficulty in forecasting and quantifying these measures. These items include,
but are not limited to, the effects of non-qualifying hedges and unrealized
gains and losses on equity securities held in NextEra Energy Resources, LLC's
nuclear decommissioning funds and other than temporary impairments. These items
could significantly impact GAAP earnings per share. Adjusted earnings
expectations and other forward-looking statements assume, among other things,
normal weather and operating conditions; positive macroeconomic conditions in
the U.S. and Florida; supportive commodity markets; current forward curves;
public policy support for wind, solar, and storage development and construction;
market demand for generation development and capacity needs; market demand and
policy support for transmission development and expansion; market demand for
pipeline capacity; access to capital at reasonable cost and terms; rate case
outcomes consistent with historical; no adverse litigation decisions; and no
changes to governmental policies or incentives. Please see the accompanying
cautionary statements for a list of the risk factors that may affect future
results.
This news release should be read in conjunction with the attached unaudited
financial information.
Cautionary Statements and Risk Factors That May Affect Future Results
This news release contains “forward-looking statements” within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are not statements of historical facts, but
instead represent the current expectations of NextEra Energy, Inc. (NextEra
Energy) and Florida Power & Light Company (FPL) regarding future operating
results and other future events, many of which, by their nature, are inherently
uncertain and outside of NextEra Energy's and FPL's control. Forward-looking
statements in this news release include, among others, statements concerning the
pending business combination transaction between NextEra Energy and Dominion
Energy, Inc., a Virginia corporation (Dominion Energy) and future events, plans
and anticipated results of operations, the anticipated benefits of the pending
transactions, the anticipated impact of the pending transactions on the combined
company’s business and future financial and operating results, statements
concerning adjusted earnings per share expectations and future operating
performance, statements concerning future dividends and statements concerning
growth strategies, capital investment opportunities and technology initiatives.
In addition, all statements other than statements of historical fact included or
incorporated by reference in this news release, including, among other things,
statements regarding the pending business combination transaction between
NextEra Energy and Dominion Energy, and other aspects of NextEra Energy’s, FPL’s
or Dominion Energy's operations or operating results, are forward-looking
statements. In some cases, you can identify the forward-looking statements by
words or phrases such as "ambition," “will,” “may result,” “expect,”
“anticipate,” "estimate," “believe,” "budget," “intend,” “plan,” “seek,”
“potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,”
“should,” “would,” “estimate,” “continue,” “could,” “objective,” “guidance,”
“effort” or similar words or expressions. You should not place undue reliance on
these forward-looking statements, which are not a guarantee of future
performance, outcomes or results and are subject to numerous risks,
uncertainties and other factors, many of which are beyond NextEra Energy's,
FPL's or Dominion Energy's control, that could cause actual performance,
outcomes or results to differ materially from what is expressed or implied in
the forward-looking statements, or may require them to limit or eliminate
certain operations.
The risks and uncertainties relating to each of NextEra Energy’s and FPL’s
businesses and financial condition include, but are not limited to, those
discussed in this news release and the following: risks related to the pending
merger with Dominion Energy (including restrictions on our operations during the
pendency of the merger; the risk that any governmental or regulatory approval,
consent or authorization that may be required for the pending transactions is
not obtained, is delayed or is obtained subject to conditions that are not
anticipated or that cause the termination of the merger agreement and
abandonment of the transactions; the occurrence of any event, change or other
circumstance that could give rise to the termination of the merger agreement by
either party; the risk that certain provisions in the merger agreement or the
pendency of the transactions may impact either party’s ability to pursue certain
business opportunities or strategic transactions; the risk that we may not
realize the anticipated benefits of the pending transactions or successfully
integrate the two companies, the anticipated impact of the pending transactions
on the combined company’s business and future financial and operating results,
and the anticipated closing date for the pending transactions; effects of
extensive regulation of NextEra Energy's and FPL's business operations;
inability of NextEra Energy and FPL to recover in a timely manner any
significant amount of costs, a return on certain assets or a reasonable return
on invested capital through base rates, cost recovery clauses, other regulatory
mechanisms or otherwise; impact of political, regulatory, operational and
economic factors on regulatory decisions important to NextEra Energy and FPL;
effect of any reductions or modifications to, or elimination of, governmental
incentives or policies that support clean energy of NextEra Energy and FPL and
their affiliated entities or changes in or the imposition of additional tax
laws, tariffs, duties, policies or other costs or assessments on clean energy or
equipment necessary to generate, store or deliver it; impact of new or revised
laws, regulations, executive orders, interpretations or constitutional ballot
and regulatory initiatives on NextEra Energy and FPL; capital expenditures,
increased operating costs and various liabilities attributable to environmental
laws, regulations and other standards applicable to NextEra Energy and FPL;
effects on NextEra Energy and FPL of federal or state laws or regulations
mandating new or additional limits on the production of greenhouse gas
emissions; exposure of NextEra Energy and FPL to significant and increasing
compliance costs and substantial monetary penalties and other sanctions as a
result of extensive federal, state and local government regulation of their
operations and businesses; effect on NextEra Energy and FPL of changes in tax
laws, guidance or policies as well as in judgments and estimates used to
determine tax-related asset and liability amounts; impact on NextEra Energy and
FPL of adverse results of litigation; impacts on NextEra Energy or FPL of
allegations of violations of law; effect on NextEra Energy and FPL of failure to
proceed with projects under development or inability to complete the
construction of (or capital improvements to) electric generation, storage,
transmission and distribution facilities, natural gas and
4
oil production and transportation facilities and other facilities on schedule or
within budget; impact on development and operating activities of NextEra Energy
and FPL resulting from risks related to project siting, construction,
permitting, governmental approvals and the negotiation of project development
agreements, as well as supply chain disruptions; risks involved in the operation
and maintenance of electric generation, storage, transmission and distribution
facilities, natural gas and oil production and transportation facilities, and
other facilities; effect on NextEra Energy and FPL of a lack of growth, slower
growth or a decline in the number of customers or in customer usage; planned
productivity increases and competitive advantages through the use of artificial
intelligence technologies may not be realized and the use of and reliance on
artificial intelligence may present certain risks; impact on NextEra Energy and
FPL of severe weather and other weather conditions; threats of geopolitical
factors, terrorism and catastrophic events that could result from terrorism,
cyberattacks or other attempts to disrupt NextEra Energy's and FPL's business or
the businesses of third parties; inability to obtain adequate insurance coverage
for protection of NextEra Energy and FPL against significant losses and risk
that insurance coverage does not provide protection against all significant
losses; a prolonged period of low natural gas and oil prices, disrupted
production or unsuccessful drilling efforts could impact NextEra Energy
Resources, LLC’s (NextEra Energy Resources) natural gas and oil production
operations and cause NextEra Energy Resources to delay or cancel certain natural
gas and oil production projects and could result in certain assets becoming
impaired; risk to NextEra Energy Resources of increased operating costs
resulting from unfavorable supply costs necessary to provide NextEra Energy
Resources' full energy and capacity requirements services; inability or failure
to manage properly or hedge effectively the commodity risk within its portfolio;
effect of reductions in the liquidity of energy markets on NextEra Energy's
ability to manage operational risks; effectiveness of NextEra Energy's and FPL's
risk management tools associated with their hedging and trading procedures to
protect against significant losses, including the effect of unforeseen price
variances from historical behavior; impact of unavailability or disruption of
power transmission or commodity transportation operations on sale and delivery
of power or natural gas by NextEra Energy, including FPL; exposure of NextEra
Energy and FPL to credit and performance risk from customers, hedging
counterparties and vendors; failure of NextEra Energy or FPL counterparties to
perform under derivative contracts or of requirement for NextEra Energy or FPL
to post margin cash collateral under derivative contracts; failure or breach of
NextEra Energy's or FPL's information technology systems, or implementation
challenges; risks to NextEra Energy and FPL's retail businesses from compromise
of sensitive customer data; losses from volatility in the market values of
derivative instruments and limited liquidity in over-the-counter markets; impact
of negative publicity; inability of FPL to maintain, negotiate or renegotiate
acceptable franchise agreements with municipalities and counties in Florida;
occurrence of work strikes or stoppages and increasing personnel costs; NextEra
Energy's ability to successfully identify, complete and integrate acquisitions,
including the effect of increased competition for acquisitions; environmental,
health and financial risks associated with NextEra Energy Resources’ and FPL's
ownership and operation of nuclear generation facilities; liability of NextEra
Energy and FPL for significant retrospective assessments and/or retrospective
insurance premiums in the event of an incident at certain nuclear generation
facilities; increased operating and capital expenditures and/or reduced revenues
at nuclear generation facilities of NextEra Energy or FPL resulting from orders
or new regulations of the Nuclear Regulatory Commission; inability to operate
any of NextEra Energy Resources' or FPL's owned nuclear generation units through
the end of their respective operating licenses or planned license extensions;
effect of disruptions, uncertainty or volatility in the credit and capital
markets or actions by third parties in connection with project-specific or other
financing arrangements on NextEra Energy's and FPL's ability to fund their
liquidity and capital needs and meet their growth objectives; defaults or
noncompliance related to project-specific, limited-recourse financing
agreements; inability of NextEra Energy, FPL and NextEra Energy Capital
Holdings, Inc. to maintain their current credit ratings; reduction of NextEra
Energy's and FPL's liquidity from the inability of credit providers to fund
their credit commitments or to maintain their current credit ratings; poor
market performance and other economic factors that could affect NextEra Energy's
defined benefit pension plan's funded status; poor market performance and other
risks to the asset values of NextEra Energy's and FPL's nuclear decommissioning
funds; changes in market value and other risks to certain of NextEra Energy's
assets and investments; effect of inability of NextEra Energy subsidiaries to
pay upstream dividends, make distributions or repay funds to NextEra Energy or
of NextEra Energy's performance under guarantees of subsidiary obligations on
NextEra Energy's ability to meet its financial obligations and to pay dividends
on its common stock; the fact that the amount and timing of dividends payable on
NextEra Energy's common stock, as well as the dividend policy approved by
NextEra Energy's board of directors from time to time, and changes to that
policy, are within the sole discretion of NextEra Energy's board of directors
and, if declared and paid, dividends may be in amounts that are less than might
be expected by shareholders; effects of disruptions, uncertainty or volatility
in the credit and capital markets on the market price of NextEra Energy's common
stock; and the ultimate severity and duration of public health crises, epidemics
and pandemics, and its effects on NextEra Energy’s or FPL’s businesses. For
additional information about other factors that could cause actual results to
differ materially from those described in the forward-looking statements, please
refer to NextEra Energy’s, FPL’s and Dominion Energy’s respective periodic
reports and other filings with the Securities and Exchange Commission (SEC),
including, but not limited to, the risk factors contained in NextEra Energy’s
and FPL’s, on the one hand, and Dominion Energy’s, on the other, most recently
filed Annual Reports on Form 10-K and subsequently filed Quarterly Reports on
Form 10-Q, the registration statement on Form S-4 (Registration No. 333-297351)
filed by NextEra Energy with the SEC on July 9, 2026 (Registration Statement),
which was declared effective by the SEC on July 23, 2026, and the definitive
joint proxy statement/prospectus filed by NextEra Energy with the SEC on July
28, 2026 (definitive joint proxy statement/prospectus).
This news release should be read in conjunction with such SEC filings. Any
forward-looking statements included in this news release represent current
expectations, are inherently uncertain and are made only as of the date hereof
(or, if applicable, the dates indicated in such statement). Except as required
by law, neither NextEra Energy or FPL undertakes or assumes any obligation to
update any forward-looking statements, whether as a result of new information or
to reflect subsequent events or circumstances or otherwise.
No Offer or Solicitation
This news release is not intended to and shall not constitute an offer to buy or
sell or the solicitation of an offer to buy or sell any securities, nor shall
there be any sale, issuance or transfer of securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. No offering
of securities shall be made, except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
5
Additional Information about the Transactions and Where to Find It
In connection with the pending transactions, NextEra Energy has filed with the
SEC the Registration Statement, which includes a joint proxy statement of
NextEra Energy and Dominion Energy that also constitutes a prospectus of NextEra
Energy. The Registration Statement was declared effective by the SEC on July 23,
2026. NextEra Energy filed the definitive joint proxy statement/prospectus with
the SEC, and Dominion Energy filed a definitive proxy statement with the SEC, in
each case, on July 28, 2026, and each of NextEra Energy and Dominion Energy
commenced mailing of the definitive joint proxy statement/prospectus to their
respective shareholders on or about July 28, 2026. Each of NextEra Energy and
Dominion Energy may also file other relevant documents with the SEC regarding
the pending transactions. This news release is not a substitute for the
Registration Statement or the definitive joint proxy statement/prospectus or any
other document that NextEra Energy or Dominion Energy may file with the SEC.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE
DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS
THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO
THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE
BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY,
DOMINION ENERGY, THE PENDING TRANSACTIONS AND RELATED MATTERS.
Investors and security holders may obtain free copies of the Registration
Statement, the definitive joint proxy statement/prospectus and other documents
containing important information about NextEra Energy, Dominion Energy and the
pending transactions, filed or that will be filed with the SEC through the
website maintained by the SEC at www.sec.gov. Copies of the documents filed with
the SEC by NextEra Energy are available free of charge on NextEra Energy’s
website at http://www.investor.nexteraenergy.com/ or by contacting NextEra
Energy’s Investor Relations Department by email at investors@nexteraenergy.com
or by phone at (800) 222-4511. Copies of the documents filed with the SEC by
Dominion Energy are available free of charge on Dominion Energy’s website at
http://investors.dominionenergy.com or by contacting Dominion Energy’s Investor
Relations Department by email at investor.relations@dominionenergy.com or by
phone at (804) 819-2438.
6
NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Three
Mont…
Ended
Sept… Corpo…
30, and Next…
2026 FPL NEER Other… Ener… Prel…
──────────────────────────────────────────────────────────────────────────────
Oper… $ 5,421 $ 2,516 $ 153 $ 8,090
Reve…
Oper…
Expe…
Fuel,
purc…
power 1,277 422 — 1,699
and
inte…
Other
oper… 437 810 181 1,428
and
main…
Merg… — — 19 19
expe…
Depr…
and 875 761 15 1,651
amor…
Taxes
other
than
inco… 598 114 1 713
taxes
and
other
– net
Total
oper… 3,187 2,107 216 5,510
expe…
– net
Gains
(Los…
on
Disp… 1 46 -3 44
of
Busi…
– Net
Oper…
Inco… 2,235 455 -66 2,624
(Los…
Other
Inco…
(Ded…
Inte… -348 49 2,228 1,929
expe…
Equi…
in
earn…
(los… — 293 — 293
of
equi…
meth…
inve…
Allo…
for
equi…
funds 63 2 — 65
used
duri…
cons…
Gains
(Los…
on
disp…
of — 44 — 44
inve…
and
other
prop…
– net
Chan…
in
unre…
gains
(los…
on
equi…
secu… — -50 — -50
held
in
NEER…
nucl…
deco…
funds
– net
Other
net
peri… — — 71 71
bene…
inco…
Other -1 42 12 53
– net
Total
other
inco… -286 380 2,311 2,405
(ded…
– net
Inco…
(Los…
befo… 1,949 835 2,245 5,029
Inco…
Taxes
Inco…
Tax 329 -248 581 662
Expe…
(Ben…
Net
Inco… 1,620 1,083 1,664 4,367
(Los…
Net
Loss
Attr… — 408 — 408
to
Nonc…
Inte…
Net
Inco…
(Los…
Attr… $ 1,620 $ 1,491 $ 1,664 $ 4,775
to
Next…
Ener…
Inc.
Reco…
of
Net
Inco…
(Los…
Attr…
to
Next…
Ener…
Inc.
to
Adju…
Earn…
(Los…
Net
Inco…
(Los…
Attr… $ 1,620 $ 1,491 $ 1,664 $ 4,775
to
Next…
Ener…
Inc.
Adju…
–
Pret…
Net
loss…
(gai…
asso… — -382 -2,623 -3,005
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — 49 — 49
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — 9 — 9
inve…
gains
– net
Merg… — — 19 19
expe…
Less
rela…
inco… — 80 665 745
tax
expe…
(ben…
Adju…
Earn… $ 1,620 $ 1,247 $ -275 $ 2,592
(Los…
Earn…
(Los…
Per
Share
Attr…
to $ 0.77 $ 0.71 $ 0.80 $ 2.28
Next…
Ener…
Inc.
(ass…
dilu…
Adju…
–
Pret…
Net
loss…
(gai…
asso… — -0.18 -1.25 -1.43
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — 0.02 — 0.02
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — — — —
inve…
gains
– net
Merg… — — 0.01 0.01
expe…
Less
rela…
inco… — 0.04 0.32 0.36
tax
expe…
(ben…
Adju…
Earn…
(Los… $ 0.77 $ 0.59 $ -0.12 $ 1.24
Per
Share
Weig…
shar…
outs… 2,098
(ass…
dilu…
C…
a…
O…
r…
o…
b…
a…
a…
e…
e…
a…
m…
i…
t…
n…
e…
of
r…
C…
a…
O…
a…
a
p…
of
c…
i…
e…
to
N…
E…
R…
I…
e…
is
a…
b…
on
a
d…
c…
s…
of
7…
d…
a…
d…
m…
i…
s…
by
N…
E…
R…
s…
R…
c…
i…
e…
is
i…
in
C…
a…
O…
A…
t… C…
i… a… N…
… is O… E…
… as A… A… A… A… A… A…
… f… N… E… E… E… E… E… E…
──────────────────────────────────────────────────────────────────────────────
N…
l…
(…
a… $ -… $ -… $ -… $ -0… $ -2… $ -1…
w…
n…
h…
C…
in
u…
l…
(…
on
e…
s…
h… $ 38 $ 0… $ — $ — $ 38 $ 0.…
in
N…
n…
d…
f…
a…
O…
–
n…
X…
I…
LP
i… $ 6 $ — $ — $ — $ 6 $ —
g…
–
n…
M… $ — $ — $ 19 $ 0.… $ 19 $ 0.…
e…
I…
t…
… e…
of
r…
7
NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Three
Mont…
Ended
Sept… Corpo…
30, and NextE…
2025 FPL NEER Other… Energy Prel…
──────────────────────────────────────────────────────────────────────────────
Oper… $ 5,285 $ 2,566 $ 115 $ 7,966
Reve…
Oper…
Expe…
Fuel,
purc…
power 1,124 299 — 1,423
and
inte…
Other
oper… 432 810 168 1,410
and
main…
Merg… — — — —
expe…
Depr…
and 1,385 695 16 2,096
amor…
Taxes
other
than
inco… 547 103 3 653
taxes
and
other
– net
Total
oper… 3,488 1,907 187 5,582
expe…
– net
Gains
(Los…
on
Disp… — 142 1 143
of
Busi…
– Net
Oper…
Inco… 1,797 801 -71 2,527
(Los…
Other
Inco…
(Ded…
Inte… -320 -405 -428 -1,153
expe…
Equi…
in
earn…
(los… — 195 9 204
of
equi…
meth…
inve…
Allo…
for
equi…
funds 46 2 — 48
used
duri…
cons…
Gains
(Los…
on
disp…
of — 69 -1 68
inve…
and
other
prop…
– net
Chan…
in
unre…
gains
(los…
on
equi…
secu… — 63 — 63
held
in
NEER…
nucl…
deco…
funds
– net
Other
net
peri… — — 67 67
bene…
inco…
Other -8 42 27 61
– net
Total
other
inco… -282 -34 -326 -642
(ded…
– net
Inco…
(Los…
befo… 1,515 767 -397 1,885
Inco…
Taxes
Inco…
Tax 52 -205 -97 -250
Expe…
(Ben…
Net
Inco… 1,463 972 -300 2,135
(Los…
Net
Loss
Attr… — 303 — 303
to
Nonc…
Inte…
Net
Inco…
(Los…
Attr… $ 1,463 $ 1,275 $ -300 $ 2,438
to
Next…
Ener…
Inc.
Reco…
of
Net
Inco…
(Los…
Attr…
to
Next…
Ener…
Inc.
to
Adju…
Earn…
(Los…
Net
Inco…
(Los…
Attr… $ 1,463 $ 1,275 $ -300 $ 2,438
to
Next…
Ener…
Inc.
Adju…
–
Pret…
Net
loss…
(gai…
asso… — -182 108 -74
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — -64 — -64
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — 9 — 9
inve…
gains
– net
Merg… — — — —
expe…
Less
rela…
inco… — 64 -25 39
tax
expe…
(ben…
Adju…
Earn… $ 1,463 $ 1,102 $ -217 $ 2,348
(Los…
Earn…
(Los…
Per
Share
Attr…
to $ 0.71 $ 0.62 $ -0.15 $ 1.18
Next…
Ener…
Inc.
(ass…
dilu…
Adju…
–
Pret…
Net
loss…
(gai…
asso… — -0.09 0.05 -0.04
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — -0.03 — -0.03
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — — — —
inve…
gains
– net
Merg… — — — —
expe…
Less
rela…
inco… — 0.03 -0.01 0.02
tax
expe…
(ben…
Adju…
Earn…
(Los… $ 0.71 $ 0.53 $ -0.11 $ 1.13
Per
Share
Weig…
shar…
outs… 2,071
(ass…
dilu…
C…
a…
O…
r…
o…
b…
a…
a…
e…
e…
a…
m…
i…
t…
n…
e…
of
r…
C…
a…
O…
a…
a
p…
of
c…
i…
e…
to
N…
E…
R…
I…
e…
is
a…
b…
on
a
d…
c…
s…
of
7…
d…
a…
d…
m…
i…
s…
by
N…
E…
R…
s…
R…
c…
i…
e…
is
i…
in
C…
a…
O…
A…
t… C…
i… a… Ne…
… is O… En…
… as A… A… A… Ad… Ad… Ad…
… f… N… E… E… E… EPS Ea… EPS
──────────────────────────────────────────────────────────────────────────────
N…
l…
(…
a… $ -… $ -… $ 83 $ 0… $ -… $ -…
w…
n…
h…
C…
in
u…
l…
(…
on
e…
s…
h… $ -… $ -… $ — $ — $ -… $ -…
in
N…
n…
d…
f…
a…
O…
-
n…
X…
I…
LP
i… $ 7 $ — $ — $ — $ 7 $ —
g…
–
n…
M… $ — $ — $ — $ — $ — $ —
e…
I…
t…
… e…
of
r…
8
NextEra Energy, Inc.
Condensed Consolidated Statements of Income (millions, except per share amounts)
(unaudited)
Nine
Mont…
Ended
Sept… Corp…
30, and Next…
2026 FPL NEER Othe… Ener… Prel…
──────────────────────────────────────────────────────────────────────────────
Oper… $ 14,588 $ 7,360 $ 377 $ 22,325
Reve…
Oper…
Expe…
Fuel,
purc…
power 3,349 1,054 -1 4,402
and
inte…
Other
oper… 1,240 2,557 512 4,309
and
main…
Merg… — — 51 51
expe…
Depr…
and 2,568 2,164 48 4,780
amor…
Taxes
other
than
inco… 1,646 358 4 2,008
taxes
and
other
– net
Total
oper… 8,803 6,133 614 15,550
expe…
– net
Gains
(Los…
on
Disp… 2 304 -12 294
of
Busi…
– Net
Oper…
Inco… 5,787 1,531 -249 7,069
(Los…
Other
Inco…
(Ded…
Inte… -1,035 -785 1,975 155
expe…
Equi…
in
earn…
(los… — 795 1 796
of
equi…
meth…
inve…
Allo…
for
equi…
funds 171 5 — 176
used
duri…
cons…
Gains
(Los…
on
disp…
of — 147 — 147
inve…
and
other
prop…
– net
Chan…
in
unre…
gains
(los…
on
equi…
secu… — 80 — 80
held
in
NEER…
nucl…
deco…
funds
– net
Other
net
peri… — — 165 165
bene…
inco…
Other 2 97 79 178
– net
Total
other
inco… -862 339 2,220 1,697
(ded…
– net
Inco…
(Los…
befo… 4,925 1,870 1,971 8,766
Inco…
Taxes
Inco…
Tax 432 -848 505 89
Expe…
(Ben…
Net
Inco… 4,493 2,718 1,466 8,677
(Los…
Net
Loss
Attr… — 1,425 — 1,425
to
Nonc…
Inte…
Net
Inco…
(Los…
Attr… $ 4,493 $ 4,143 $ 1,466 $ 10,102
to
Next…
Ener…
Inc.
Reco…
of
Net
Inco…
(Los…
Attr…
to
Next…
Ener…
Inc.
to
Adju…
Earn…
(Los…
Net
Inco…
(Los…
Attr… $ 4,493 $ 4,143 $ 1,466 $ 10,102
to
Next…
Ener…
Inc.
Adju…
–
Pret…
Net
loss…
(gai…
asso… — -709 -3,094 -3,803
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — -83 — -83
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — 27 — 27
inve…
gains
– net
Merg… — — 51 51
expe…
Less
rela…
inco… — 198 782 980
tax
expe…
(ben…
Adju…
Earn… $ 4,493 $ 3,576 $ -795 $ 7,274
(Los…
Earn…
(Los…
Per
Share
Attr…
to $ 2.15 $ 1.98 $ 0.69 $ 4.82
Next…
Ener…
Inc.
(ass…
dilu…
Adju…
–
Pret…
Net
loss…
(gai…
asso… — -0.34 -1.48 -1.82
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — -0.04 — -0.04
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — 0.01 — 0.01
inve…
gains
– net
Merg… — — 0.02 0.02
expe…
Less
rela…
inco… — 0.10 0.38 0.48
tax
expe…
(ben…
Adju…
Earn…
(Los… $ 2.15 $ 1.71 $ -0.39 $ 3.47
Per
Share
Weig…
shar…
outs… 2,094
(ass…
dilu…
C…
a…
O…
r…
o…
b…
a…
a…
e…
e…
a…
m…
i…
t…
n…
e…
of
r…
C…
a…
O…
a…
a
p…
of
c…
i…
e…
to
N…
E…
R…
I…
e…
is
a…
b…
on
a
d…
c…
s…
of
7…
d…
a…
d…
m…
i…
s…
by
N…
E…
R…
s…
R…
c…
i…
e…
is
i…
in
C…
a…
O…
A…
t… C…
i… a… N…
… is O… E…
… as A… A… A… A… A… A…
… f… N… E… E… E… E… E… E…
──────────────────────────────────────────────────────────────────────────────
N…
l…
(…
a… $ -… $ -… $ -… $ -1… $ -2… $ -1…
w…
n…
h…
C…
in
u…
l…
(…
on
e…
s…
h… $ -… $ -… $ — $ — $ -54 $ -0…
in
N…
n…
d…
f…
a…
O…
–
n…
X…
I…
LP
i… $ 19 $ 0… $ — $ — $ 19 $ 0.…
g…
–
n…
M… $ — $ — $ 50 $ 0.… $ 50 $ 0.…
e…
I…
t…
… e…
of
r…
9
NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Nine
Mont…
Ended
Sept… Corp…
30, and Next…
2025 FPL NEER Othe… Ener… Prel…
──────────────────────────────────────────────────────────────────────────────
Oper… $ 13,9… $ 6,643 $ 280 $ 20,912
Reve…
Oper…
Expe…
Fuel,
purc…
power 3,006 766 -1 3,771
and
inte…
Other
oper… 1,254 2,126 423 3,803
and
main…
Merg… — — — —
expe…
Depr…
and 2,873 2,043 48 4,964
amor…
Taxes
other
than
inco… 1,544 328 5 1,877
taxes
and
other
– net
Total
oper… 8,677 5,263 475 14,415
expe…
– net
Gains
(Los…
on
Disp… 1 205 -9 197
of
Busi…
– Net
Oper…
Inco… 5,313 1,585 -204 6,694
(Los…
Other
Inco…
(Ded…
Inte… -964 -1,367 -1,656 -3,987
expe…
Equi…
in
earn…
(los… — -275 9 -266
of
equi…
meth…
inve…
Allo…
for
equi…
funds 123 7 — 130
used
duri…
cons…
Gains
(Los…
on
disp…
of — 170 -1 169
inve…
and
other
prop…
– net
Chan…
in
unre…
gains
(los…
on
equi…
secu… — 65 — 65
held
in
NEER…
nucl…
deco…
funds
– net
Other
net
peri… — — 201 201
bene…
inco…
Other 13 111 82 206
– net
Total
other
inco… -828 -1,289 -1,365 -3,482
(ded…
– net
Inco…
(Los…
befo… 4,485 296 -1,569 3,212
Inco…
Taxes
Inco…
Tax 431 -1,073 -385 -1,027
Expe…
(Ben…
Net
Inco… 4,054 1,369 -1,184 4,239
(Los…
Net
Loss
Attr… — 1,061 — 1,061
to
Nonc…
Inte…
Net
Inco…
(Los…
Attr… $ 4,054 $ 2,430 $ -1,184 $ 5,300
to
Next…
Ener…
Inc.
Reco…
of
Net
Inco…
(Los…
Attr…
to
Next…
Ener…
Inc.
to
Adju…
Earn…
(Los…
Net
Inco…
(Los…
Attr… $ 4,054 $ 2,430 $ -1,184 $ 5,300
to
Next…
Ener…
Inc.
Adju…
–
Pret…
Net
loss…
(gai…
asso… — 95 770 865
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — -71 — -71
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — 867 — 867
inve…
gains
– net
Merg… — — — —
expe…
Less
rela…
inco… — -220 -192 -412
tax
expe…
(ben…
Adju…
Earn… $ 4,054 $ 3,101 $ -606 $ 6,549
(Los…
Earn…
(Los…
Per
Share
Attr…
to $ 1.96 $ 1.18 $ -0.57 $ 2.57
Next…
Ener…
Inc.
(ass…
dilu…
Adju…
–
Pret…
Net
loss…
(gai…
asso… — 0.05 0.37 0.42
with
non-…
hedg…
Chan…
in
unre…
loss…
(gai…
on
equi…
secu…
held — -0.03 — -0.03
in
NEER…
nucl…
deco…
funds
and
OTTI
– net
XPLR
Infr…
LP — 0.42 — 0.42
inve…
gains
– net
Merg… — — — —
expe…
Less
rela…
inco… — -0.12 -0.09 -0.21
tax
expe…
(ben…
Adju…
Earn…
(Los… $ 1.96 $ 1.50 $ -0.29 $ 3.17
Per
Share
Weig…
shar…
outs… 2,064
(ass…
dilu…
C…
a…
O…
r…
o…
b…
a…
a…
e…
e…
a…
m…
i…
t…
n…
e…
of
r…
C…
a…
O…
a…
a
p…
of
c…
i…
e…
to
N…
E…
R…
I…
e…
is
a…
b…
on
a
d…
c…
s…
of
7…
d…
a…
d…
m…
i…
s…
by
N…
E…
R…
s…
R…
c…
i…
e…
is
i…
in
C…
a…
O…
A…
t… C…
i… a… Ne…
… is O… En…
… as A… A… A… Ad… Ad… Ad…
… f… N… E… E… E… EPS Ea… EPS
──────────────────────────────────────────────────────────────────────────────
N…
l…
(…
a… $ 71 $ 0… $ 5… $ 0… $ 6… $ 0…
w…
n…
h…
C…
in
u…
l…
(…
on
e…
s…
h… $ -… $ -… $ — $ — $ -… $ -…
in
N…
n…
d…
f…
a…
O…
–
n…
X…
I…
LP
i… $ 6… $ 0… $ — $ — $ 6… $ 0…
g…
–
n…
M… $ — $ — $ — $ — $ — $ —
e…
I…
t…
… e…
of
r…
10
Next…
Ener…
Inc.
Cond…
Cons…
Bala…
Shee…
(mil…
(una…
Sept…
30,
2026
ASSE… Corpor…
Curr… Preli… and NextEra
asse… FPL NEER Other(… Energy
──────────────────────────────────────────────────────────────────────────────
Cash
and $ 819 $ 2,504 $ 2,256 $ 5,579
cash
equi…
Cust…
rece…
net 2,191 2,649 1 4,841
of
allo…
Other 373 708 419 1,500
rece…
Mate…
supp…
and 1,450 1,378 8 2,836
fuel
inve…
Regu… 217 21 1 239
asse…
Deri… 9 1,429 887 2,325
Other 190 880 196 1,266
Total
curr… 5,249 9,569 3,768 18,586
asse…
Other
asse…
Prop…
plant
and 87,409 89,527 142 177,0…
equi…
– net
Spec…
use 8,158 3,519 — 11,677
funds
Inve…
in
equi… — 6,067 20 6,087
meth…
inve…
Prep…
bene… 2,134 5 818 2,957
costs
Regu… 7,048 171 13 7,232
asse…
Deri… — 2,225 1,654 3,879
Good… 2,965 2,175 12 5,152
Other 925 9,782 1,697 12,404
Total
other 108,6… 113,4… 4,356 226,4…
asse…
TOTAL $ 113,8… $ 123,0… $ 8,124 $ 245,0…
ASSE…
LIAB…
REDE…
NONC…
INTE…
AND
EQUI…
Curr…
liab…
Comm… $ — $ — $ 3,716 $ 3,716
paper
Other
shor… — 608 3,650 4,258
debt
Curr…
port…
of 328 1,419 7,086 8,833
long…
debt
Acco… 1,254 6,211 71 7,536
paya…
Cust… 1,143 34 — 1,177
depo…
Accr…
inte… 1,385 510 255 2,150
and
taxes
Deri… 15 1,025 27 1,067
Accr…
cons… 780 1,892 — 2,672
expe…
Regu… 472 17 — 489
liab…
Other 550 1,707 983 3,240
Total
curr… 5,927 13,423 15,788 35,138
liab…
Other
liab…
and
defe…
cred…
Long… 30,192 17,503 49,430 97,125
debt
Asset
reti… 2,235 1,704 — 3,939
obli…
Defe…
inco… 10,624 4,871 -1,193 14,302
taxes
Regu… 13,156 162 2 13,320
liab…
Deri… 33 1,645 53 1,731
Other 341 3,597 1,217 5,155
Total
other
liab… 56,581 29,482 49,509 135,5…
and
defe…
cred…
TOTAL 62,508 42,905 65,297 170,7…
LIAB…
COMM…
AND
CONT…
REDE…
NONC… — 1,477 — 1,477
INTE…
EQUI…
Comm… 1,373 — -1,352 21
stock
Addi…
paid… 26,866 33,875 -40,4… 20,293
capi…
Reta… 23,141 33,532 -15,3… 41,297
earn…
Accu…
other
comp… — -116 3 -113
inco…
(los…
Total
comm… 51,380 67,291 -57,1… 61,498
shar…
equi…
Nonc… — 11,367 — 11,367
inte…
TOTAL 51,380 78,658 -57,1… 72,865
EQUI…
TOTAL
LIAB…
REDE…
NONC… $ 113,8… $ 123,0… $ 8,124 $ 245,0…
INTE…
AND
EQUI…
————————————
Corporate and Other represents other business activities and
eliminating entries, and may include the net effect of
rounding. Corporate and Other allocates a portion of
corporate interest expense to NextEra Energy Resources.
(a) Interest expense is allocated based on a deemed capital
structure of 70% debt and differential membership interests
sold by NextEra Energy Resources' subsidiaries. Residual
corporate interest expense is included in Corporate and
Other.
11
Next…
Ener…
Inc.
Cond…
Cons…
Bala…
Shee…
(mil…
(una…
Dece…
31,
2025
ASSE… Corpor…
Curr… Preli… and NextEra
asse… FPL NEER Other(… Energy
──────────────────────────────────────────────────────────────────────────────
Cash
and $ 42 $ 1,760 $ 1,010 $ 2,812
cash
equi…
Cust…
rece…
net 1,667 2,337 14 4,018
of
allo…
Other 413 979 341 1,733
rece…
Mate…
supp…
and 1,373 1,025 22 2,420
fuel
inve…
Regu… 401 32 — 433
asse…
Deri… 39 931 27 997
Other 216 782 173 1,171
Total
curr… 4,151 7,846 1,587 13,584
asse…
Other
asse…
Prop…
plant
and 81,755 74,287 155 156,1…
equi…
– net
Spec…
use 7,684 3,270 — 10,954
funds
Inve…
in
equi… — 5,509 19 5,528
meth…
inve…
Prep…
bene… 2,072 5 791 2,868
costs
Regu… 5,405 222 12 5,639
asse…
Deri… 1 1,838 159 1,998
Good… 2,965 1,873 11 4,849
Other 1,125 8,678 1,301 11,104
Total
other 101,0… 95,682 2,448 199,1…
asse…
TOTAL $ 105,1… $ 103,5… $ 4,035 $ 212,7…
ASSE…
LIAB…
REDE…
NONC…
INTE…
AND
EQUI…
Curr…
liab…
Comm… $ 1,130 $ — $ 825 $ 1,955
paper
Other
shor… — 608 — 608
debt
Curr…
port…
of 641 925 1,934 3,500
long…
debt
Acco… 1,084 6,498 1 7,583
paya…
Cust… 685 24 — 709
depo…
Accr…
inte… 470 341 374 1,185
and
taxes
Deri… 15 802 296 1,113
Accr…
cons… 1,153 1,809 4 2,966
expe…
Regu… 344 12 — 356
liab…
Other 672 1,552 618 2,842
Total
curr… 6,194 12,571 4,052 22,817
liab…
Other
liab…
and
defe…
cred…
Long… 28,041 17,523 43,992 89,556
debt
Asset
reti… 2,158 1,511 — 3,669
obli…
Defe…
inco… 10,156 4,155 -1,952 12,359
taxes
Regu… 11,280 193 1 11,474
liab…
Deri… 1 1,949 198 2,148
Other 342 2,903 974 4,219
Total
other
liab… 51,978 28,234 43,213 123,4…
and
defe…
cred…
TOTAL 58,172 40,805 47,265 146,2…
LIAB…
COMM…
AND
CONT…
REDE…
NONC… — — — —
INTE…
EQUI…
Comm… 1,373 — -1,352 21
stock
Addi…
paid… 26,866 21,536 -28,9… 19,494
capi…
Reta… 18,747 29,389 -13,0… 35,102
earn…
Accu…
other
comp… — -73 64 -9
inco…
(los…
Total
comm… 46,986 50,852 -43,2… 54,608
shar…
equi…
Nonc… — 11,871 — 11,871
inte…
TOTAL 46,986 62,723 -43,2… 66,479
EQUI…
TOTAL
LIAB…
REDE…
NONC… $ 105,1… $ 103,5… $ 4,035 $ 212,7…
INTE…
AND
EQUI…
————————————
Corporate and Other represents other business activities and
eliminating entries, and may include the net effect of
rounding. Corporate and Other allocates a portion of
corporate interest expense to NextEra Energy Resources.
(a) Interest expense is allocated based on a deemed capital
structure of 70% debt and differential membership interests
sold by NextEra Energy Resources' subsidiaries. Residual
corporate interest expense is included in Corporate and
Other.
12
NextEra Energy, Inc.
Condensed Consolidated Statements of Cash Flows
(millions)
(unaudited)
Nine
Mont…
Ended
Sept… Corp…
30, and Next…
2026 FPL NEER Othe… Ener… Prel…
──────────────────────────────────────────────────────────────────────────────
Cash
Flows
From
Oper…
Acti…
Net
inco… $ 4,493 $ 2,718 $ 1,466 $ 8,677
(los…
Adju…
to
reco…
net
inco…
(los…
to
net
cash
prov…
by
(used
in)
oper…
acti…
Depr…
and 2,568 2,164 48 4,780
amor…
Nucl…
fuel
and 130 191 29 350
other
amor…
Unre…
loss…
(gai…
on
mark… — -825 -2,769 -3,594
to
mark…
deri…
cont…
– net
Fore…
curr…
tran… — — -320 -320
loss…
(gai…
Defe…
inco… 299 588 812 1,699
taxes
Cost
reco…
clau… 270 — — 270
and
fran…
fees
Equi…
in
loss…
(ear… — -795 -1 -796
of
equi…
meth…
inve…
Dist…
of
earn…
from — 366 — 366
equi…
meth…
inve…
Loss…
(gai…
on
disp…
of -2 -451 12 -441
busi…
asse…
and
inve…
– net
Reco…
stor… -24 — — -24
costs
Other 7 201 174 382
– net
Chan…
in
oper…
asse…
and
liab…
Curr… -500 -142 -113 -755
asse…
Nonc… -110 -45 -168 -323
asse…
Curr… 1,497 -57 225 1,665
liab…
Nonc… 17 111 258 386
liab…
Net
cash
prov…
by 8,645 4,024 -347 12,322
(used
in)
oper…
acti…
Cash
Flows
From
Inve…
Acti…
Capi…
expe… -8,1… — — -8,160
of
FPL
Inde…
power
and
other — -19,0… — -19,0…
inve…
of
NEER
Nucl…
fuel -162 -179 — -341
purc…
Other
capi… — — -9 -9
expe…
Sale
of
inde…
power
and — 665 — 665
other
inve…
of
NEER
Proc…
from
sale
or
matu…
of
secu… 2,732 1,506 374 4,612
in
spec…
use
funds
and
other
inve…
Purc…
of
secu…
in
spec… -2,8… -1,193 -694 -4,784
use
funds
and
other
inve…
Other 26 45 4 75
– net
Net
cash
used -8,4… -18,2… -325 -26,9…
in
inve…
acti…
Cash
Flows
From
Fina…
Acti…
Issu…
of
long…
debt, 2,502 2,936 12,794 18,232
incl…
prem…
and
disc…
Reti…
of -649 -2,463 -1,800 -4,912
long…
debt
Proc…
from
diff… — 1,334 — 1,334
memb…
inve…
Paym…
to
diff… — -597 — -597
memb…
inve…
Net
chan…
in -1,1… — 2,891 1,761
comm…
paper
Proc…
from
other — — 4,300 4,300
shor…
debt
Repa…
of
other — — -650 -650
shor…
debt
Cash
swept
from
(rep… — 25 — 25
to)
rela…
part…
– net
Issu…
of
comm… — — 969 969
stoc…
units
Proc…
from
sale
of — 1,559 — 1,559
proj…
mino…
inte…
Divi…
on — — -3,907 -3,907
comm…
stock
Divi…
&
capi…
dist… -100 12,409 -12,3… —
from
(to)
pare…
– net
Other -36 -186 -370 -592
– net
Net
cash
prov… 587 15,017 1,918 17,522
by
fina…
acti…
Effe…
of
curr…
tran…
on
cash, — -2 — -2
cash
equi…
and
rest…
cash
Net
incr…
(dec…
in
cash, 771 839 1,246 2,856
cash
equi…
and
rest…
cash
Cash,
cash
equi…
and
rest… 88 1,901 1,017 3,006
cash
at
begi…
of
peri…
Cash,
cash
equi…
and
rest… $ 859 $ 2,740 $ 2,263 $ 5,862
cash
at
end
of
peri…
————————————
Corporate and Other represents other business activities and
eliminating entries, and may include the net effect of
rounding. Corporate and Other allocates a portion of
corporate interest expense to NextEra Energy Resources.
(a) Interest expense is allocated based on a deemed capital
structure of 70% debt and differential membership interests
sold by NextEra Energy Resources' subsidiaries. Residual
corporate interest expense is included in Corporate and
Other.
13
NextEra Energy, Inc.
Condensed Consolidated Statements of Cash Flows
(millions)
(unaudited)
Nine
Mont…
Ended
Sept… Corp…
30, and Next…
2025 FPL NEER Othe… Ener… Prel…
──────────────────────────────────────────────────────────────────────────────
Cash
Flows
From
Oper…
Acti…
Net
inco… $ 4,054 $ 1,369 $ -1,184 $ 4,239
(los…
Adju…
to
reco…
net
inco…
(los…
to
net
cash
prov…
by
(used
in)
oper…
acti…
Depr…
and 2,873 2,043 48 4,964
amor…
Nucl…
fuel
and 118 116 28 262
other
amor…
Unre…
loss…
(gai…
on
mark… — -6 805 799
to
mark…
deri…
cont…
– net
Fore…
curr…
tran… — 2 25 27
loss…
(gai…
Defe…
inco… 101 -249 -312 -460
taxes
Cost
reco…
clau… -17 — — -17
and
fran…
fees
Equi…
in
loss…
(ear… — 275 -9 266
of
equi…
meth…
inve…
Dist…
of
earn…
from — 353 — 353
equi…
meth…
inve…
Loss…
(gai…
on
disp…
of -1 -375 10 -366
busi…
asse…
and
inve…
– net
Reco…
stor… -418 — — -418
costs
Other 19 70 148 237
– net
Chan…
in
oper…
asse…
and
liab…
Curr… -685 -71 81 -675
asse…
Nonc… -163 -96 -87 -346
asse…
Curr… 968 -68 -94 806
liab…
Nonc… -14 37 292 315
liab…
Net
cash
prov…
by 6,835 3,400 -249 9,986
(used
in)
oper…
acti…
Cash
Flows
From
Inve…
Acti…
Capi…
expe… -6,7… — — -6,736
of
FPL
Inde…
power
and
other — -12,2… — -12,2…
inve…
of
NEER
Nucl…
fuel -123 -188 — -311
purc…
Other
capi… — — -5 -5
expe…
Sale
of
inde…
power
and — 999 — 999
other
inve…
of
NEER
Proc…
from
sale
or
matu…
of
secu… 2,459 1,440 298 4,197
in
spec…
use
funds
and
other
inve…
Purc…
of
secu…
in
spec… -2,5… -1,346 -638 -4,570
use
funds
and
other
inve…
Other 23 37 -11 49
– net
Net
cash
used -6,9… -11,3… -356 -18,6…
in
inve…
acti…
Cash
Flows
From
Fina…
Acti…
Issu…
of
long…
debt, 1,996 1,762 11,488 15,246
incl…
prem…
and
disc…
Reti…
of -1,2… -812 -5,514 -7,546
long…
debt
Proc…
from
diff… — 1,065 — 1,065
memb…
inve…
Paym…
to
diff… — -166 — -166
memb…
inve…
Net
chan…
in -521 — 3,113 2,592
comm…
paper
Proc…
from
other — — 1,950 1,950
shor…
debt
Repa…
of
other — -217 -850 -1,067
shor…
debt
Cash
swept
from
(rep… — -128 — -128
to)
rela…
part…
– net
Issu…
of
comm… — — 2,028 2,028
stoc…
units
Proc…
from
sale
of — — — —
proj…
mino…
inte…
Divi…
on — — -3,499 -3,499
comm…
stock
Divi…
&
capi…
dist… -100 7,739 -7,639 —
from
(to)
pare…
– net
Other -37 -324 -138 -499
– net
Net
cash
prov… 118 8,919 939 9,976
by
fina…
acti…
Effe…
of
curr…
tran…
on
cash, — 3 — 3
cash
equi…
and
rest…
cash
Net
incr…
(dec…
in
cash, -10 988 334 1,312
cash
equi…
and
rest…
cash
Cash,
cash
equi…
and
rest… 133 1,008 261 1,402
cash
at
begi…
of
peri…
Cash,
cash
equi…
and
rest… $ 123 $ 1,996 $ 595 $ 2,714
cash
at
end
of
peri…
————————————
Corporate and Other represents other business activities and
eliminating entries, and may include the net effect of
rounding. Corporate and Other allocates a portion of
corporate interest expense to NextEra Energy Resources.
(a) Interest expense is allocated based on a deemed capital
structure of 70% debt and differential membership interests
sold by NextEra Energy Resources' subsidiaries. Residual
corporate interest expense is included in Corporate and
Other.
14
NextEra Energy, Inc.
Earnings Per Share Contributions
(assuming dilution)
(unaudited)
First Seco… Third
Quar… Quar… Quar… Prel… Year…
──────────────────────────────────────────────────────────────────────────────
2025
Ear…
Per
Sha…
Att… $ 0.40 $ 0.98 $ 1.18 $ 2.57
to
Nex…
Ene…
Inc.
FPL
–
2025 $ 0.64 $ 0.62 $ 0.71 $ 1.96
Ear…
Per
Sha…
New
inv… 0.04 0.05 0.05 0.13
gro…
Oth…
and 0.02 — 0.01 0.06
sha…
dil…
FPL
–
2026 $ 0.70 $ 0.67 $ 0.77 $ 2.15
Ear…
Per
Sha…
NEER
–
2025
Ear…
Per
Sha… $ 0.08 $ 0.48 $ 0.62 $ 1.18
Att…
to
Nex…
Ene…
Inc.
New 0.04 0.09 0.09 0.22
inv…
Exi…
ene… 0.03 -0.02 0.05 0.06
ass…
Reg… 0.05 — — 0.05
ope…
Cus… -0.04 -0.03 -0.04 -0.…
sup…
Non…
hed… 0.04 0.17 0.07 0.29
imp…
Cha…
in
unr…
gai…
(lo…
on
equ…
sec…
held — 0.04 -0.04 —
in
NEE…
nuc…
dec…
fun…
and
OTTI
–
net
XPLR
Inf…
LP
inv… 0.31 — — 0.30
gai…
–
net
Oth…
inc…
fin…
cos…
cor…
gen…
and
adm…
exp…
ass… -0.02 0.05 -0.04 -0.…
rec…
sta…
tax…
oth…
inv…
inc…
and
sha…
dil…
NEER
–
2026
Ear…
Per
Sha… $ 0.49 $ 0.78 $ 0.71 $ 1.98
Att…
to
Nex…
Ene…
Inc.
Cor…
and
Oth…
– $ -0.32 $ -0.12 $ -0.15 $ -0.…
2025
Loss
Per
Sha…
Non…
hed… 0.19 0.22 0.97 1.38
imp…
Mer… — -0.01 -0.01 -0.…
exp…
Oth…
inc…
int…
exp… -0.02 -0.04 -0.01 -0.…
and
sha…
dil…
Cor…
and
Oth…
–
2026 $ -0.15 $ 0.05 $ 0.80 $ 0.69
Ear…
(Lo…
Per
Sha…
2026
Ear…
Per
Sha…
Att… $ 1.04 $ 1.50 $ 2.28 $ 4.82
to
Nex…
Ene…
Inc.
Cor…
and
Oth…
rep…
oth…
bus…
act…
and
eli…
ent…
and
may
inc…
the
net
eff…
of
rou…
Cor…
and
Oth…
all…
a
por…
of
cor…
int…
exp…
to
Nex…
Ene…
Res…
Int…
exp…
is
all…
bas…
on a
dee…
cap…
str…
of
70%
debt
and
dif…
mem…
int…
sold
by
Nex…
Ene…
Res…
sub…
Res…
cor…
int…
exp…
is
inc…
in
Cor…
and
Oth…
The
sum
of
the
qua…
amo…
may
not
equ…
the
tot…
for
the
year
due
to
rou…
15