NextEra Energy reported 2025 adjusted EPS of $3.71, up over 8%, with a 2026 guidance of $3.92-$4.02 and 8%+ CAGR through 2035. FPL secured a four-year rate agreement with a 10.95% ROE and plans to invest $90-$100 billion through 2032. Energy Resources backlog grew to 30 GW, with storage representing nearly one-third.

NextEra Energy executives highlighted strong operational and financial performance in 2025. Full-year adjusted EPS was $3.71, up over 8% from 2024. 2026 adjusted EPS remains at $3.92-$4.02. FPL secured a new rate agreement with a 10.95% ROE and plans to invest $90-$100 billion through 2032.

FPL expects to invest $90-$100 billion through 2032 to support Florida’s growth. Retail bills are over 30% lower than the national average. FPL added over 90,000 customers in Q4. Full-year EPS increased by $0.21 from 2024, with capital expenditures around $2.1 billion in Q4 and $8.9 billion for the year.

FPL’s retail sales increased 1.7% year-over-year in 2025. Large-load demand from hyperscalers and data centers is significant, with over 20 GW of interest. FPL expects typical residential bills to rise about 2% annually between 2025-2029.

NextEra Energy Resources had a record year, with adjusted earnings growing by 13%. The company secured supply chain for solar panels and batteries through 2029. Battery storage represents nearly one-third of the backlog, with 5 GW originated in the past year.

NextEra Energy discussed gas-fired generation and equipment availability, with a pipeline of over 20 GW of potential gas-fired builds. NextEra Energy Transmission has secured $5 billion in new projects since 2023. Energy Resources owns interests in over 1,000 miles of FERC-regulated pipelines.

NextEra highlighted nuclear recommissioning efforts at the Duane Arnold plant in Iowa and opportunities at Point Beach and Seabrook Station. The company is evaluating SMR development with potential co-location opportunities totaling 6 GW. Technology initiatives include a strategic partnership with Google Cloud for enterprise AI transformation.

Read more at Yahoo Finance: NextEra Energy Q4 Earnings Call Highlights