NextEra Energy reported strong full-year 2025 results, driven by robust operational performance at both FPL and NextEra Energy Resources, exceeding adjusted EPS growth targets. The company highlighted continued investment in infrastructure, record origination of new generation and storage projects, and a positive outlook for future growth.
Full-year 2025 adjusted earnings per share grew approximately 8.2% year-over-year to $3.71, exceeding the company's communicated range.
positiveFPL's regulatory capital employed increased by approximately 8.1% year-over-year, supported by $8.9 billion in full-year capital investments.
positiveNextEra Energy Resources achieved a record year for origination, adding approximately 13.5 gigawatts of new generation and battery storage projects to its backlog.
positiveFPL's typical residential customer bills are expected to increase only about 2% annually between 2025 and 2029, remaining below the national average.
positiveCorporate and Other adjusted earnings decreased by $0.12 per share for the full year 2025 compared to 2024.
attentionNextEra Energy Resources' adjusted earnings for Q4 2025 were $422 million, or $0.20 per share, a decrease from $446 million, or $0.22 per share, in Q4 2024.
attentionNextEra Energy's GAAP net income attributable to NextEra Energy for the full year 2025 was $6.835 billion, or $3.30 per share, a slight decrease from $6.946 billion, or $3.37 per share, in 2024.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
FPL | N/A | — | — | — |
NEER | N/A | — | — | — |
Corporate and Other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
NextEra Energy delivered strong operational and financial performance in 2025, increasing full-year adjusted earnings per share by more than 8% over 2024 and exceeding the top end of the range we communicated in December.
FPL's new four-year rate agreement enables us to make smart, long-term investments on behalf of our customers so we can continue to deliver some of the nation's most reliable and affordable electricity to power Florida's growth.
NextEra Energy Resources had another record year of new generation and storage origination, adding approximately 13.5 gigawatts to its backlog, including our plan to recommission our Duane Arnold nuclear plant, which was enabled by a power purchase agreement with Google.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.