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