NextEra Energy's Q3 operating revenue grows less than expected
Overview
US electric utility's Q3 operating revenue missed analyst expectations
Adjusted EPS for Q3 rose nearly 10% year-on-year
Outlook
NextEra Energy reaffirms 2026 adjusted EPS guidance of $3.92 to $4.02 and targets the high end
Company targets 8%+ annual adjusted EPS growth through 2032 and 2032-35, off its 2025 base
NextEra Energy and Dominion Energy expect their pending merger to close in H2 2027
Result Drivers
FPL CAPITAL INVESTMENT – Florida Power & Light Company (FPL) said earnings growth was driven primarily by disciplined capital investments
NEER INVESTMENTS AND ASSETS – New investments and existing energy assets added $0.14 to NextEra Energy Resources's (NEER) Q3 EPS
RENEWABLES AND STORAGE ORIGINATION – NEER added 3.7 GW of renewables and storage to its backlog, which reached about 36.7 GW
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue | Miss | $8.09 bln | $8.63 bln (8 Analysts) |
Q3 Adjusted EPS | $1.24 | $1.18 (12 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for NextEra Energy, Inc. is $99.00, about 25.5% above its October 20 closing price of $78.86
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)