NextEra Energy reported its third-quarter 2024 financial results, with profit beating Wall Street estimates. The company's performance was significantly bolstered by the strength in its renewables unit, indicating robust operational execution in this segment.
The company's revenue for the third quarter reached US$7.57 billion, marking a 5.5% increase from the third quarter of 2023. This revenue growth, coupled with the earnings beat, highlights the company's ability to expand its top line.
NextEra Energy Partners (NEP), a subsidiary of NextEra Energy, also released its third-quarter 2024 results, reporting an unexpected loss and missing revenue estimates. NEP's shares slid over 15% following the announcement, reflecting challenges within the partnership's operations.
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