NextEra Energy

NEE Q4 2025 Earnings

Reported Jan 27, 2026 at 7:39 AM ET · SEC Source

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
24/7 Wall St

NEE YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

NEE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“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