NextEra Energy, Inc. reported its third-quarter 2026 financial results on October 21, 2026. On a GAAP basis, the company reported net income attributable to NextEra Energy of $4.775 billion, or $2.28 per share, compared to $2.438 billion, or $1.18 per share, for the same period in 2025. On an adjusted basis, earnings were $2.592 billion, or $1.24 per share, representing a 9.7% year-over-year increase.
NextEra Energy Resources, the company's energy infrastructure development arm, reported GAAP net income of $1.491 billion, or $0.71 per share, for the third quarter of 2026, compared to $1.275 billion, or $0.62 per share, in the prior year. The company added 3.7 gigawatts of new renewables and storage to its backlog during the quarter, bringing the total backlog to approximately 36.7 gigawatts. This includes 2.4 gigawatts of battery storage origination. The company also closed a loan with the U.S. Department of Energy of up to $1.9 billion to support the restart of the Duane Arnold nuclear plant in Iowa, which is expected to re-enter service by the first quarter of 2029.
Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, reported net income of $1.62 billion, or $0.77 per share, for the third quarter of 2026, compared to $1.463 billion, or $0.71 per share, in the prior year. FPL’s regulatory capital employed increased by approximately 9.2% year-over-year. The company expects full-year capital investments of approximately $12 billion and projects typical residential bills to increase only 2% annually through the end of the decade. Following Hurricane Isaias, FPL restored power to more than 97% of affected customers by October 12, 2026, utilizing a workforce of approximately 17,000 personnel from 29 states.
NextEra Energy continues to advance its pending combination with Dominion Energy. Shareholders of both companies approved the transaction in September 2026. The companies have announced an enhanced benefits package for Virginia, including doubled residential bill credits and commitments to create 1,000 new jobs. Regulatory reviews are underway in Virginia, South Carolina, and North Carolina, with the companies expecting final orders in January 2027. NextEra Energy also reaffirmed its long-term financial outlook, expecting 2026 adjusted earnings per share to be in the range of $3.92 to $4.02 and targeting a compound annual growth rate of 8%+ through 2032 and 2035, all off a 2025 base.
