NYSE$NEE
NextEra Energy Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
NextEra Energy reported strong third-quarter results, driven by FPL's continued investment in its capital plan and NextEra Energy Resources' record renewables and storage origination.
NextEra Energy reported third-quarter net income attributable to NextEra Energy on a GAAP basis of $1,219 million, or $0.60 per share. On an adjusted basis, NextEra Energy's third-quarter earnings were $1,920 million, or $0.94 per share.
- NextEra Energy delivered strong third-quarter 2023 results.
- FPL remains focused on providing outstanding service to customers and keeping bills affordable.
- NextEra Energy Resources added approximately 3,245 megawatts of new renewables and storage projects to its backlog.
- Company is confident in delivering financial results at or near the top of adjusted EPS expectations through 2026.
Headline financials
Revenue & EPS history
NextEra · Revenue · Quarterly
$7.2B
Revenue by segment
NextEra · $7.14B total across 2 segments · Q3 2023
- FPL$5.48B+7.9%76.6%
- Energy Resources$1.67B+1.0%23.4%
Forward guidance
NextEra Energy's long-term financial expectations remain unchanged. For 2023 and 2024, NextEra Energy continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 and $3.23 to $3.43, respectively. For 2025 and 2026, NextEra Energy expects to grow 6% to 8%, off the 2024 adjusted earnings per share range. This translates to a range of $3.45 to $3.70 for 2025 and $3.63 to $4.00 for 2026. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.3%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+9.6%
Q3 2023
Best reaction
-11.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +7.2% | -1.6% | |
| Q4 2025 | +1.4% | +2.8% | +7.6% | |
| Q3 2025 | -2.9% | -5.4% | -0.6% | |
| Q2 2025 | -0.1% | +5.8% | -0.9% | |
| Q1 2025 | +0.9% | -0.7% | +1.7% | |
| Q4 2024 | +5.2% | +2.4% | +3.4% | |
| Q3 2024 | -1.1% | -1.0% | -9.2% | |
| Q2 2024 | +1.8% | +3.1% | +10.5% | |
| Q1 2024 | +1.9% | +1.0% | +15.3% | |
| Q4 2023 | +2.6% | +4.0% | -0.4% | |
| Q3 2023 | +9.6% | +9.2% | +11.5% | |
| Q2 2023 | -1.5% | -3.5% | -11.0% | |
| Q1 2023 | -6.3% | -3.0% | -7.1% | |
| Q4 2022 | -8.9% | -10.5% | -13.1% | |
| Q3 2022 | +2.7% | +2.4% | +13.1% | |
| Q2 2022 | +2.7% | +1.9% | +13.7% | |
| Q1 2022 | -9.3% | -9.7% | -12.6% | |
| Q4 2021 | -11.3% | -11.5% | -7.9% | |
| Q3 2021 | +2.2% | +2.8% | +7.7% | |
| Q2 2021 | +1.0% | +2.3% | +13.3% | |
| Q1 2021 | -2.7% | -3.2% | -7.6% | |
| Q4 2020 | -7.7% | -6.9% | -14.7% | |
| Q3 2020 | +0.4% | +0.6% | +0.4% | |
| Q2 2020 | -1.2% | +0.2% | +0.5% | |
| Q1 2020 | +2.4% | +3.5% | -0.7% | |
| Q4 2019 | +2.6% | +2.2% | +6.7% | |
| Q3 2019 | +1.4% | +1.8% | +1.0% | |
| Q2 2019 | +0.2% | +2.0% | +7.0% | |
| Q1 2019 | -0.2% | +0.7% | +6.9% | |
| Q4 2018 | -4.3% | -3.7% | +4.4% | |
| Q3 2018 | +1.7% | -1.6% | +2.0% | |
| Q2 2018 | -1.2% | -2.3% | +1.5% | |
| Q1 2018 | -0.5% | +1.8% | +0.0% | |
| Q4 2017 | +1.7% | +3.5% | +2.1% | |
| Q3 2017 | +1.3% | +0.8% | +1.4% | |
| Q2 2017 | +1.1% | +2.1% | +4.9% | |
| Q1 2017 | +1.4% | +1.5% | +4.9% | |
| Q4 2016 | +3.1% | +3.3% | +10.3% | |
| Q3 2016 | +0.1% | -2.0% | -9.1% | |
| Q2 2016 | -0.8% | +0.1% | -5.3% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | -3.1% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | -3.3% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | +2.2% | — | — | |
| Q3 2013 | +3.9% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | -0.6% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | +3.3% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q2 2011 | -2.5% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q1 2009 | -1.2% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2008 | -2.1% | — | — | |
| Q2 2008 | -2.1% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q4 2007 | -0.9% | — | — | |
| Q4 2008 | -0.9% | — | — |
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