Q2 25 EPS
$1.05
BEAT +4.09%
Est. $1.01
Q2 25 Revenue
$6.70B
MISS 10.69%
Est. $7.50B
vs S&P Since Q2 25
+21.3%
BEATING MARKET
NEE +35.0% vs S&P +13.6%
Market Reaction
Did NEE Beat Earnings? Q2 2025 Results
NextEra Energy posted a mixed but broadly encouraging second quarter, delivering adjusted EPS of $1.05, a 4.09% beat against the $1.01 consensus, while revenue of $6.70 billion came in 10.69% below expectations, even as it grew 10.4% year over year. … Read more NextEra Energy posted a mixed but broadly encouraging second quarter, delivering adjusted EPS of $1.05, a 4.09% beat against the $1.01 consensus, while revenue of $6.70 billion came in 10.69% below expectations, even as it grew 10.4% year over year. The profitability outperformance was anchored by NextEra Energy Resources, which nearly doubled its adjusted per-share contribution to $0.53 from $0.42 a year ago, fueled by a surge in renewables and storage origination that pushed the segment's total backlog to nearly 30 GW, roughly 6 GW of which is earmarked for technology and data center customers, a figure that rises above 10.5 GW when operating assets are included. That deepening partnership with hyperscalers, including a notable natural gas collaboration in Texas, underscores the company's positioning at the intersection of clean energy and AI-driven power demand. Management left its full-year 2025 adjusted EPS guidance of $3.45 to $3.70 intact and reiterated confidence in finishing near the top of those ranges through 2027, with dividends expected to grow roughly 10% annually through at least 2026.
Key Takeaways
- • FPL regulatory capital employed grew nearly 8% year-over-year
- • FPL continued investment in business to serve Florida's growing population
- • NEER new investments contributed $0.14 per share growth in Q2
- • NEER customer supply contributed $0.06 per share growth in Q2
- • Adjusted EPS increased 9.4% year-over-year
NEE YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
NEE Revenue by Segment
With YoY comparisons, source: SEC Filings
“NextEra Energy delivered strong second-quarter results with adjusted earnings per share increasing by 9.4% year-over-year. We believe the continued strong financial and operational performance at both FPL and NextEra Energy Resources positions us well to meet our overall objectives for the year. During the quarter, FPL continued to invest in its business to serve Florida's growing population while keeping reliability high and rates low. NextEra Energy Resources had a strong origination quarter, adding 3.2 gigawatts of new renewables and storage to its backlog. We believe we are well positioned to continue delivering for our customers and 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, Q2 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 | — |