NextEra Energy reported a first-quarter 2025 profit of $833 million, or $0.40 per share, compared to $2.27 billion, or $1.10 per share, in the prior year. Adjusted earnings per share were $0.99, exceeding analysts' average estimate of $0.97, despite a miss on revenue expectations.
Revenue for the quarter rose to $6.25 billion from $5.73 billion in the previous year, though it fell short of analysts' forecast of $6.64 billion. The company experienced higher interest expenses across its businesses during the period.
NextEra Energy Resources (NEER) had a strong origination quarter, adding approximately 3.2 gigawatts (GW) of new renewables and storage to its backlog, bringing the total to roughly 28 GW. FPL's net income increased by 12.3% year-over-year, driven by continued infrastructure investments and customer base expansion, with capital expenditures totaling $2.4 billion in the quarter.
CEO John Ketchum emphasized that renewables are vital for meeting the increasing U.S. power demand, particularly from AI and manufacturing growth, serving as a bridge until new gas and nuclear capacities are developed. He also noted that NextEra has minimized its tariff exposure to less than $150 million through 2028 on over $75 billion in expected capital expenditures, by shifting risk to suppliers and contracting with domestic battery manufacturers.
The company reaffirmed its adjusted EPS guidance of $3.45 to $3.70 for the full year 2025. This consistent outlook provides stability for investors despite the mixed quarterly results.
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