NextEra Energy’s Q2 2023 Earnings Exceed Expectations

Nextera Energy

NextEra Energy, Inc. (NYSE: NEE) has reported strong second-quarter 2023 financial results, with a notable increase in net income compared to the same period last year. The company’s subsidiaries, FPL and NextEra Energy Resources, also contributed to this success.

In Q2 2023, NextEra Energy’s net income attributable to NextEra Energy on a GAAP basis reached $2,795 million, compared to $1,380 million in Q2 2022. Adjusted earnings per share for Q2 2023 were $0.88, reflecting an 8.6% growth year over year.

FPL, America’s largest electric utility, saw substantial growth in Q2 2023, with net income of $1,152 million compared to $989 million in the prior-year quarter. The utility successfully added approximately 225 megawatts of solar during the quarter, contributing to its strong performance.

NextEra Energy Resources, a leading clean energy generator, added around 1,665 megawatts of new renewables and storage projects to its backlog in Q2 2023. Their backlog now stands at approximately 20 gigawatts, demonstrating their commitment to renewable energy.

NextEra Energy maintains a positive outlook and aims for long-term growth, confident in its ability to achieve financial targets while continuing to invest in renewable energy and providing value to its customers.

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