NextEra Energy, the company whose subsidiary Persica Solar is in a fight with Wagoner County Commissioners over a proposed solar farm near the town of Porter, released a second quarter earnings report showing an increase to more than $2 billion in adjusted earnings.
The Florida-based company’s net income attributable to NextEra Energy on a GAAP basis of $2.028 billion, or $0.98 per share, compared to $1.622 billion, or $0.79 per share, for the second quarter of 2024. On an adjusted basis, NextEra Energy’s 2025 second-quarter earnings were $2.164 billion, or $1.05 per share, compared to $1.968 billion, or $0.96 per share, in the second
quarter of 2024.
“NextEra Energy delivered strong second-quarter results with adjusted earnings per share increasing by 9.4% yearover-year,” said John Ketchum, chairman, president and chief executive officer.
“NextEra Energy Resources had a strong origination quarter,
adding 3.2 gigawatts of new renewables and storage to its backlog. We believe we are well positioned to continue
delivering for our customers and shareholders and will be disappointed if we are not able to deliver financial results
at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings.”
NextEra Energy Resources reported second-quarter 2025 net income attributable to NextEra Energy on a GAAP basis of $983 million, or $0.48 per share, compared to net income attributable to NextEra Energy of $552 million, or $0.27 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources’ earnings for the second quarter of 2025 were $1,091 million, or $0.53 per share, compared to $865 million, or $0.42 per share, for the second quarter of 2024.
NextEra Energy Resources had a strong quarter for new renewables and storage origination, adding 3.2 gigawatts
(GW) to its backlog, including over 1 GW serving hyperscalers. With these additions, NextEra Energy Resources’ backlog now totals nearly 30 GW after taking into account more than 1.1 GW of new projects placed into service since the first-quarter 2025 financial results call in April.
NextEra Energy Resources now has approximately 6 GW of
projects in its backlog intended to serve technology and data center customers. Including its operating portfolio together with the expected buildout of its backlog, NextEra Energy Resources will have over 10.5 GW serving technology and data center customers across the United States.
Corporate and Other
In the second quarter of 2025 on a GAAP basis, Corporate and Other results decreased $0.04 per share, compared to the prior-year quarter. On an adjusted basis, Corporate and Other results for the second quarter of 2025 decreased $0.04 per share, compared to the prior-year quarter.
Outlook
NextEra Energy’s long-term financial expectations remain unchanged. For 2025, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.45 to $3.70. For 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.63 to $4.00 and $3.85 to $4.32, respectively. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2026, off a 2024 base.