Nextera Energy Inc.

NEE · NYSE · Utilities · Utilities Regulated Electric

Next earnings: October 27, 2026

$76.08+0.6%Sep 25 close

1M: -7.0%
6M: -15.5%
1Y: +2.7%
5Y: +7.1%

Operates an electric utility in Florida and builds power plants, batteries, and transmission lines that supply electricity to utilities and businesses.

Built from Nextera Energy Inc.’s own filings with the SEC. Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Full financial statements →

About Nextera Energy Inc.

NextEra Energy operates Florida Power & Light (FPL), which generates electricity and delivers it to homes and businesses in Florida. Its other main business, NextEra Energy Resources (NEER), builds and operates power plants and battery storage, sells electricity to utilities and businesses, and owns regulated electric transmission assets. NEER also supplies and trades natural gas and power.

Head office: Juno Beach, Florida
Founded: 1925
Employees: approximately 17,400 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

How it makes money

Florida Power & Light electricity service67%
NextEra Energy Resources generation, transmission, and customer supply33%

Shares of revenue are estimates for quarter ended September 30, 2025, not figures from a filing.

Competes with

What it sells6

Florida retail electricity
Electricity generated and delivered by FPL to households, businesses, and other customers in its Florida service area.
Wholesale electricity and capacity
Electricity and guaranteed availability of power sold to utilities, electricity providers, cooperatives, municipalities, and businesses.
Wind and solar power
Electricity from wind and solar plants, usually sold under long-term contracts.

Show 3 more

Battery storage
Stored electricity supplied to the grid or customers, either alongside power plants or from standalone battery sites.
Electric and natural gas transmission
Transmission lines and gas pipelines that carry electricity and natural gas; electric transmission revenue is generally earned under regulated rates.
Energy supply and trading services
Power, natural gas, and related supply and risk-management services for utilities and other wholesale customers.

Who buys it4

FPL serves households, businesses, and other retail customers in Florida, which generally receive electricity through their local utility accounts.
FPL sells electricity to a limited number of wholesale customers in Florida.
NEER sells power, capacity, and related services to utilities, electricity providers, power cooperatives, and municipal electric providers, often through long-term contracts.
NEER also serves commercial and industrial businesses, including customers seeking power supply, natural gas, or energy risk-management services.

What it stands on, and what could break it

What the business leans on

1FPL relies on state and federal regulators to approve its retail and wholesale rates and to determine which costs it may recover from customers.
2FPL's Florida retail service depends in part on municipal and county franchise agreements and access to public rights-of-way.
3FPL and NEER rely on natural gas supply and transportation, nuclear fuel supply, and access to electricity transmission systems to generate and deliver power.

How it compares with its industry

Three ratings, each a percentile against the 40 companies we cover in Utilities Regulated Electric. Deliberately kept apart rather than blended into one score — cheap, rising and well-run are three different facts, and a single number would hide which one is which.

Momentum

72of 100 in its industry

Above most of its industry

12 months to a month ago15.1%

6 months to a month ago-10.2%

The most recent month is left out on purpose: returns tend to persist over 7–12 months and the newest one tends to reverse. This describes what the price has done, and says nothing about what it will do.

Value

14of 100 in its industry

Near the bottom of its industry

Profit for the price5.16%

Cash for the price—

Sales for the price16.39%

Assets for the price34.42%

Operating profit for the whole business5.89%

Yields, so higher means cheaper — a loss-making company ranks last instead of dropping out. Cheap is not the same as good: a high yield is often a price that fell for a reason. Blended from 4 of 5 measures.

Capital allocation

1/4Loose

2 checks not reported

Return on capital4.3%

Shareholder yield2.95%

Share count, 3 years5.4%

Net debt / EBITDA6.31x

Insiders, 12 months-$32M

What management does with the money — scored on whatever the filings answer, never as a share of the total.

The six capital-allocation checks

Return on the money invested4.3% on invested capital
Debt against earnings6.31x net debt to operating earnings
Cash returned to shareholders2.9% a year in buybacks and dividends
Share count over three yearsShare count 5.4% higher over three years
Payouts covered by cash flowNot enough reported to compare
Open-market insider buyingNet selling of $32M — not counted against the score

A description of where this company sits among its competitors, not a recommendation. Ratings updated Sep 26, 2026.

4NEER's project economics can depend on long-term customer contracts and on tax credits and other government incentives for qualifying energy projects.

5NextEra Energy and its subsidiaries use credit and capital markets to help fund construction, acquisitions, and other business needs.

What could go wrong

1Regulators may set rates or decide cost recovery in ways that prevent FPL or other regulated businesses from recovering all costs or earning the returns allowed for their investments.
2Changes to clean-energy tax incentives, environmental rules, or permitting requirements could raise project costs, delay construction, or prevent some projects from proceeding.
3Severe weather, equipment outages, or interruptions to fuel and power transportation could limit the company's ability to generate or deliver electricity and could increase restoration or replacement-power costs.