NextEra Energy reported Q2 2024 net income of $1.62 billion, down 42% from $2.80 billion a year ago. Earnings per share fell to $0.79 from $1.38. The decline was primarily due to lower results at NEER and Corporate segments, partially offset by higher earnings at Florida Power & Light (FPL).FPL's net income rose to $1.23 billion from $1.15 billion, driven by continued investments in plant and property. NEER's net income dropped to $552 million from $1.46 billion, reflecting unfavorable non-qualifying hedge activity and lower gas infrastructure earnings, partly offset by gains from new investments and existing clean energy assets.NextEra Energy reaffirmed its financial expectations through 2026 and beyond. The company expects adjusted earnings per share of $3.23-$3.43 for 2024. It aims to grow 6-8% annually off the 2024 adjusted EPS range through 2026, and 6.5-8.5% per year from 2024 to 2027 off the same base.

NextEra Energy reported Q2 2024 net income of $1.62 billion, down 42% from $2.80 billion a year ago. Earnings per share fell to $0.79 from $1.38. The decline was primarily due to lower results at NEER and Corporate segments, partially offset by higher earnings at Florida Power & Light (FPL).FPL's net income rose to $1.23 billion from $1.15 billion, driven by continued investments in plant and property. NEER's net income dropped to $552 million from $1.46 billion, reflecting unfavorable non-qualifying hedge activity and lower gas infrastructure earnings, partly offset by gains from new investments and existing clean energy assets.NextEra Energy reaffirmed its financial expectations through 2026 and beyond. The company expects adjusted earnings per share of $3.23-$3.43 for 2024. It aims to grow 6-8% annually off the 2024 adjusted EPS range through 2026, and 6.5-8.5% per year from 2024 to 2027 off the same base.