NextEra Energy ( NYSE: NEE ) -0.4% pre-market on Friday after reporting mixed Q2 results and reaffirming its adjusted earnings forecast for the full year.
Q2 net income surged to $1.38B, or $0.70/share, from $256M, or $0.13/share, in the year-earlier quarter, while revenue jumped by nearly a third to $5.18B, which nevertheless was slightly below analyst estimates.
Q2 revenues at Florida Power & Light, the company's largest business segment, totaled a much stronger than expected $4.43B, while earnings rose to $0.50/share from $0.45 a year ago.
Revenues at the NextEra Energy Resources clean energy unit swung to a profit of $133M from a loss of $315M in the year-earlier quarter.
NextEra Energy ( NEE ) said it continues to expect to grow its dividends per share at a ~10% annual rate through at least 2024, off a 2022 base, and it expects adjusted EPS of $2.98-$3.13 for 2023 and $3.23-$3.43 for 2024.
NextEra Energy Partners ( NEP ) reported better than expected Q2 earnings and operating revenue .
The partnership said it continues to believe annual growth of 12%-15% in limited partner distributions per unit is "a reasonable range of expectations through at least 2025."
"The growth story just keeps getting better" at NextEra Partners ( NEP ), Austin Rogers writes in a bullish analysis newly published on Seeking Alpha .
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NextEra Energy maintains full-year earnings forecast after mixed Q2