Categories Earnings, Energy

Earnings Summary: A snapshot of NextEra Energy’s Q3 2023 results

Energy infrastructure company NextEra Energy Inc. (NYSE: NEE) Tuesday reported financial results for the third quarter of 2023. The company also provided guidance.

  • Third-quarter net income attributable to NextEra Energy dropped to $1.22 billion or $0.60 per share from $1.70 billion or $0.86 per share last year
  • On an adjusted basis, September-quarter earnings were $1.92 billion or $0.94 per share vs. $1.68 billion or $0.85 per share in Q3 2022
  • For 2023 and 2024, the company expects adjusted EPS 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
  • The company expects to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base

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