Q4 25 EPS
$0.54
MISS 41.39%
Est. $0.92
Q4 25 Revenue
$6.50B
MISS 10.64%
Est. $7.27B
vs S&P Since Q4 25
+8.0%
BEATING MARKET
NEE +11.7% vs S&P +3.6%
Full Year 2025 Results
FY 25 EPS
$3.71
FY 25 Revenue
$27.41B
Market Reaction
Did NEE Beat Earnings? Q4 2025 Results
NextEra Energy delivered a disappointing finish to fiscal 2025, posting Q4 adjusted earnings of $0.54 per share, missing the $0.92 consensus estimate by 41.39%, while revenue of $6.50 billion fell 10.64% short of the $7.27 billion Wall Street had ant… Read more NextEra Energy delivered a disappointing finish to fiscal 2025, posting Q4 adjusted earnings of $0.54 per share, missing the $0.92 consensus estimate by 41.39%, while revenue of $6.50 billion fell 10.64% short of the $7.27 billion Wall Street had anticipated, even as the top line grew 4.0% year over year. The gap between adjusted and GAAP results largely explains the miss: on a GAAP basis, net income attributable to NextEra reached $1.53 billion, or $0.73 per share, reflecting items excluded from the adjusted figure. The company's regulated utility anchor, Florida Power & Light, remained a bright spot, generating full-year net income of $5.01 billion and benefiting from a newly approved four-year rate agreement that clears the path for up to $100 billion in infrastructure investment through 2032. Meanwhile, NextEra Energy Resources set an origination record of approximately 13.5 GW for the year, pushing its total backlog to roughly 30 GW, with plans to recommission nuclear capacity adding longer-term optionality. Management guided 2026 adjusted EPS of $3.92 to $4.02, targeting 8%+ annual growth through 2032.
Key Takeaways
- • FPL regulatory capital employed grew approximately 8.1% year-over-year
- • FPL capital investments totaled approximately $8.9 billion for full year 2025
- • NEER record origination year with approximately 13.5 GW added to backlog
- • NEER brought 7.2 GW of new generation online in 2025
- • Full-year adjusted EPS growth of approximately 8.2% year-over-year
NEE YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
NEE Revenue by Segment
With YoY comparisons, source: SEC Filings
“NextEra Energy delivered strong operational and financial performance in 2025, increasing full-year adjusted earnings per share by more than 8% over 2024 and exceeding the top end of the range we communicated in December.”
— John Ketchum, Q4 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 | — |