# Nextera Energy Inc. (NEE)

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

- Exchange: NYSE · Sector: Utilities · Industry: Utilities Regulated Electric
- Headquarters: Juno Beach, Florida
- Founded: 1925
- Employees: approximately 17,400 (December 31, 2025)
- SEC CIK: 0000753308 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000753308))
- Full page: https://inspectstocks.com/stocks/nee
- Data as of: price 2026-09-25; newest filing used 2026-04-23; latest fiscal period ended 2026-03-31

## Grade

**A+** on the balance-sheet rubric used for lenders, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $8.2B |  |
| Earnings growing overall | passed | $8.2B | $6.7B |
| Earnings growing recently | passed | $8.2B | $6.8B |
| Earns well on its assets | passed | 3.7% |  |
| Book value per share growing | passed | $26.37 | $19.83 |

Business quality (the + / − mark): 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 31.5% |  |
| Healthy profit margin | passed | 31.5% |  |
| Strong operating margin | passed | 31.7% |  |
| Good return on equity | failed | 15.0% |  |
| Debt under control | passed | 1.77 |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $26B |
| Net income, trailing twelve months | $8.2B |
| Net margin | 31.5% |
| Operating margin | 31.7% |
| Return on equity | 15.0% |
| Debt to equity | 1.77 |
| Diluted EPS, trailing twelve months | $3.93 |
| Share price | $76.08 |
| Market value | $158.7B |
| Price / earnings | 19.4x |
| Price / sales | 6.1x |

## What the business does

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.

### How it makes money

- **Florida Power & Light electricity service** (67.3% (quarter ended September 30, 2025)) — FPL mainly collects money through regulated bills to Florida retail customers, with additional revenue from wholesale electricity sales. The supplied segment figures do not reconcile to consolidated revenue, so this share uses the segment-data denominator.
- **NextEra Energy Resources generation, transmission, and customer supply** (32.7% (quarter ended September 30, 2025)) — NEER receives payments for electricity, capacity, and related services, often under long-term power purchase agreements; it also earns regulated rates for transmission and receives revenue from energy supply and trading. The supplied segment figures do not reconcile to consolidated revenue, so this share uses the segment-data denominator.

### Products

- **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.
- **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.

### Customers

- 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.

### Competitors

- Duke Energy Corporation (DUK) — Electric utility service and power generation in parts of the southeastern United States, including Florida, and in wholesale power markets.
- The Southern Company (SO) — Electric utility service and power generation in the southeastern United States, including wholesale electricity sales.
- The AES Corporation (AES) — Power generation, renewable electricity, and long-term electricity supply contracts.
- Vistra Corp. (VST) — Electricity generation and sales in competitive wholesale power markets.
- Constellation Energy Corporation (CEG) — Nuclear and other power generation, wholesale electricity sales, and long-term supply contracts.

### What it depends on

- FPL relies on state and federal regulators to approve its retail and wholesale rates and to determine which costs it may recover from customers.
- FPL's Florida retail service depends in part on municipal and county franchise agreements and access to public rights-of-way.
- FPL and NEER rely on natural gas supply and transportation, nuclear fuel supply, and access to electricity transmission systems to generate and deliver power.
- NEER's project economics can depend on long-term customer contracts and on tax credits and other government incentives for qualifying energy projects.
- NextEra Energy and its subsidiaries use credit and capital markets to help fund construction, acquisitions, and other business needs.

### What could go wrong

- Regulators 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.
- Changes to clean-energy tax incentives, environmental rules, or permitting requirements could raise project costs, delay construction, or prevent some projects from proceeding.
- Severe 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.

## More on this company

- [Overview](https://inspectstocks.com/stocks/nee)
- [Financial statements](https://inspectstocks.com/stocks/nee/financials)
- [Competitors](https://inspectstocks.com/stocks/nee/peers)
- [Earnings](https://inspectstocks.com/stocks/nee/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.