NextEra Energy reported fourth-quarter 2024 adjusted earnings of $0.53 per share, surpassing the average Wall Street target of $0.52 per share. However, fourth-quarter revenue fell 22% to $5.39 billion, indicating a mixed financial performance for the period.
For the full year 2024, NextEra Energy delivered adjusted earnings per share of $3.43, representing over 8% growth from 2023 and reaching the high end of its expectations range. The company also placed approximately 8.7 gigawatts of new renewables and storage projects into service during the year, expanding its leadership in power generation.
NextEra Energy reaffirmed its long-term adjusted EPS expectations, projecting ranges of $3.45 to $3.70 for 2025, $3.63 to $4.00 for 2026, and $3.85 to $4.32 for 2027. The company also expects to grow its dividends per share at roughly 10% per year through at least 2026, off a 2024 base.
NextEra Energy Resources (NEER) achieved a record year for origination, adding over 12 GW of new renewables and battery storage projects to its backlog, bringing the total to more than 25 GW. NEER is also exploring the recommissioning of its Duane Arnold Energy Center nuclear plant in Iowa, having filed notice with the Nuclear Regulatory Commission as an initial step toward a potential restart by the end of 2028.
The company announced a new framework agreement with GE Vernova to jointly develop natural gas-powered generation solutions. This collaboration aims to support multiple gigawatts for data centers, manufacturing reshoring, and industrial electrification, by pairing low-cost renewables with gas-fired generation for capacity.
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