Q1 25 EPS
$0.99
Q1 25 Revenue
$6.25B
vs S&P Since Q1 25
+12.3%
BEATING MARKET
NEE +46.8% vs S&P +34.6%
Market Reaction
Did NEE Beat Earnings? Q1 2025 Results
NextEra Energy posted a solid first quarter, with adjusted earnings per share of $0.99 marking nearly 9% year-over-year growth as the clean energy giant's dual-engine model continued to deliver. Revenue climbed to $6.25 billion from $5.73 billion a y… Read more NextEra Energy posted a solid first quarter, with adjusted earnings per share of $0.99 marking nearly 9% year-over-year growth as the clean energy giant's dual-engine model continued to deliver. Revenue climbed to $6.25 billion from $5.73 billion a year ago, underpinned by Florida Power & Light's steady regulated earnings, FPL contributed $1.32 billion in net income, or $0.64 per share, as its regulatory capital base expanded roughly 8.1% and 894 megawatts of new solar came online during the quarter, lifting its owned portfolio above 7.9 gigawatts. Meanwhile, NextEra Energy Resources added approximately 3.2 gigawatts of new renewables and storage to a backlog now totaling roughly 28 gigawatts, reflecting robust demand for clean power as U.S. Electricity consumption accelerates. Management reiterated full-year 2025 adjusted EPS guidance of $3.45 to $3.70, extending the outlook through 2027, and repeated its expectation of roughly 10% annual dividend growth, adding that it would be disappointed not to finish at or near the top of those ranges, a level of forward confidence rarely offered by utility management teams.
Key Takeaways
- • FPL net income growth driven by continued capital investment in the business
- • FPL regulatory capital employed grew approximately 8.1% year-over-year
- • NEER adjusted earnings growth driven by new investments contributing $0.12 per share
- • 894 MW of new cost-effective solar placed into service at FPL during the quarter
- • Strong demand across all sectors of the U.S. economy supporting renewables origination
NEE YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
NEE Revenue by Segment
With YoY comparisons, source: SEC Filings
“NextEra Energy is off to a strong start for the year, increasing adjusted earnings per share by nearly 9% year-over year – the direct result of continued solid financial and operational performance at both our businesses. During the quarter, FPL continued to deliver on its customer value proposition and filed its four-year rate plan, which is designed to support continued smart, customer-centric investments in Florida that drive high reliability and low bills. Amid strong demand across all sectors of the U.S. economy, NextEra Energy Resources had a strong origination quarter, adding approximately 3.2 gigawatts of new renewables and storage to its backlog. We believe we are well positioned to continue delivering for our customers and our shareholders and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings.”
— John Ketchum, Q1 2025 Earnings Press Release
NEE Earnings Trends
NEE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NEE EPS Trend
Earnings per share: estimate vs actual
NEE Revenue Trend
Quarterly revenue: estimate vs actual
NEE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.09 | — | $6.70B | — |
| Q4 25 MISS FY | $0.92 | $0.54 | -41.39% | $6.50B | -10.64% |
| FY Full Year | — | $3.71 | — | $27.41B | — |
| Q3 25 | — | $1.13 | — | $7.97B | — |
| Q2 25 BEAT | $1.01 | $1.05 | +4.09% | $6.70B | -10.69% |
| Q1 25 | — | $0.99 | — | $6.25B | — |