NextEra Energy
NextEra Energy posts strong fourth-quarter, full-year earnings
NextEra Energy, Inc. reported a strong financial finish to 2025, posting higher fourth-quarter and full-year earnings as the company continues to expand regulated and long-term contracted energy infrastructure across the U.S., including significant operations in Oklahoma.
The Florida-based energy company said its fourth-quarter net income totaled $1.535 billion, or 73 cents per share, an increase of more than $300 million compared to the fourth quarter of 2024, when net income reached $1.203 billion, or 58 cents per share.
Adjusted earnings edge higher year over year
On an adjusted basis, which excludes certain items not considered part of core operations, NextEra Energy’s fourth-quarter 2025 earnings reached $1.133 billion, or 54 cents per share. That compares with $1.095 billion, or 53 cents per share, during the same quarter in 2024.
The modest increase in adjusted quarterly earnings reflects continued growth across both the company’s regulated utility businesses and its long-term contracted renewable and energy infrastructure assets.
Full-year 2025 results show steady growth
For the full year, NextEra Energy reported GAAP net income attributable to the company of $6.835 billion, or $3.30 per share, slightly below the $6.946 billion, or $3.37 per share, reported in 2024.
However, on an adjusted basis, full-year 2025 earnings increased meaningfully. Adjusted net income totaled $7.683 billion, or $3.71 per share, up from $7.063 billion, or $3.43 per share, in 2024. The increase represents year-over-year adjusted earnings per share growth of approximately 8.2%.
CEO cites balanced growth and infrastructure demand
Chairman, President and CEO John Ketchum said the company exceeded its own expectations for 2025 and sees continued momentum ahead.
“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,” Ketchum said.
He emphasized that the company’s future growth is supported by a balanced mix of regulated utility operations and long-term contracted assets.
“Looking ahead, our forecasted growth is visible and balanced between our regulated and long-term contracted businesses. We believe there is no company better positioned to build the new energy infrastructure required to reliably and affordably meet America’s surging electricity demand,” Ketchum added.
Long-term growth outlook extended into the next decade
NextEra Energy reaffirmed its long-term earnings outlook, saying it expects to grow adjusted earnings per share at a compound annual growth rate of more than 8% through 2032. The company is also targeting similar growth from 2032 through 2035, based on its 2025 earnings base.
The outlook reflects continued investment in transmission, renewable generation, storage, and grid modernization as electricity demand increases nationwide.