NextEra Energy delivered third-quarter adjusted EPS growth of 9.7%, maintained 2026 guidance of $3.92 to $4.02 while targeting the high end, and continued advancing its Dominion Energy combination, with closing expected in the second half of 2027.
NEE · Nextera Energy Inc
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NEE's net income attributable to NEE increased $2,337 million and $4,802 million for the three and nine months ended September 30, 2026, while net available liquidity was approximately $19.3 billion as of September 30, 2026.
NextEra Energy reported third-quarter GAAP net income of $4.775 billion and adjusted earnings of $2.592 billion. It targets 2026 adjusted EPS of $3.92 to $4.02 and expects the Dominion Energy combination to close in the second half of 2027.
NextEra Energy Inc's proposed shareholder derivative settlement includes a $15.5 million insurance payment, $5.75 million in shareholder counsel fees, and governance reforms for four (4) years, with a hearing set for December 14, 2026 at 3:00 p.m.
NextEra reported 16 gigawatts of federal hub opportunities, $3.3 billion of Japanese funding and $2.4 billion of Project Star funding, plus a 6 to 11 gigawatt battery storage opportunity outside financial expectations.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 21, 2026TL;DR. Adjusted EPS rose 9.7% year over year, management targets the high end of its unchanged $3.92-$4.02 2026 outlook, and FPL and Energy Resources reported strong operating growth, with FPL capital employment up approximately 9.2% and the renewables and storage backlog at approximately 36.7 GW. Key risks include lower customer-supply and regulated-operations contributions, Q4 wind generation at 90%-95% of the long-term average, Hurricane Isaias, roughly $12 billion-$17 billion of equity needs through 2032, and continuing regulatory and closing risks for the Dominion combination.
- + Management maintained the 2026 adjusted EPS outlook of $3.92-$4.02, is targeting the high end, and expects 8%+ adjusted EPS growth through 2032.
- + FPL's regulatory capital employed grew approximately 9.2% year over year, and full-year capital investments are expected to be approximately $12 billion.
- + Shareholders of both NextEra Energy and Dominion Energy approved the pending combination, satisfying an important closing condition.
- − NextEra Energy expects roughly $12 billion-$17 billion of total equity needs through 2032, while its growth plans remain exposed to capital-markets and funding risks.
- − Adjusted Corporate and Other EPS decreased $0.01 year over year.
- − Hurricane Isaias devastated Northwest Florida and will take months for life to recover.
- − Management expects Q4 wind generation to range from 90% to 95% of the long-term average because of El Nino impacts.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| AFUDC | $83M | three months ended September 30, 2026 filing | — |
| AFUDC – equity | $63M | three months ended September 30, 2026 filing | — |
| average number of customer accounts | 1.4% | three months ended September 30, 2026 filing | — |
| average usage per retail customer | 1.4% | three months ended September 30, 2026 filing | — |
| capitalized interest on construction projects | $281M | three months ended September 30, 2026 filing | — |
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning non-GAAP | -38M | Three Months Ended September 30, 2026 filing | — |
| charges associated with these agreements | $109M | three months ended September 30, 2026 filing | — |
| common shares issued under the ATM program | 11M | the three months ended September 30, 2026 filing | — |
| Fees related to the ATM program | $7M | the three months ended September 30, 2026 filing | — |
| gross proceeds | $938M | the three months ended September 30, 2026 filing | — |
| Merger-related expenses – Corporate and Other(c) non-GAAP | -19M | Three Months Ended September 30, 2026 filing | — |
| Net gains (losses) associated with non-qualifying hedge activity(a) non-GAAP | 2.25B | Three Months Ended September 30, 2026 filing | — |
| reversal of pre-tax RSM amortization | 62M | three months ended September 30, 2026 filing | — |
| reversal of RSM amortization | $172M | three months ended September 30, 2026 filing | — |
| XPLR investment gains, net – NEER(b) non-GAAP | -6M | Three Months Ended September 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Regulated Electric — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NEE
this stock
Nextera Energy Inc
|
$184.45B | +10.2% | -7.1% | 15.9 | 3.0% |
|
SO
Southern Co
|
$105.60B | +6.8% | +10.6% | 21.4 | 0.0% |
|
DUK
Duke Energy CORP
|
$101.03B | +10.6% | +35.1% | 19.5 | 0.0% |
|
NGG
National Grid PLC
|
$85.68B | +10.2% | — | — | 0.6% |
|
AEP
American Electric Power Co Inc
|
$70.32B | +12.1% | +10.9% | 21.0 | 5.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 21, 2026
- This year
- 35
NextEra Energy reported third-quarter GAAP net income of $4.775 billion and adjusted earnings of $2.592 billion. It targets 2026 adjusted EPS of $3.92 to $4.02 and expects the Dominion Energy combination to close in the second half of 2027.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NEE | +9.2% | +14.8% | -7.6% | +5.7% | +10.2% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | +9.9% | +16.1% | -10.1% | +4.2% | -2.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.