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How NextEra Energy (NEE) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/24/2026
NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $187 billion as of July 2026. · Wikipedia
More about the company
NextEra Energy had revenues of $24.8 billion and 16,700 employees throughout the US and Canada in 2024. It has a current generating capacity of 73 gigawatts. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), XPLR Energy Partners, and NextEra Energy Services.
Key growth driver: NextEra Energy Resources — the fastest-growing revenue line: $2,532, +32% y/y. · by the Q2 2026 report
How does NextEra Energy make money?
NextEra Energy brought in $7.53 billion of revenue in Q2 2026, up 12.4% year over year. The largest source was FPL: $4.90 billion, or 65% of the total, followed by NextEra Energy Resources ($2.53B, 34%); other lines add the remaining 1%. Net income for the quarter was $3.14 billion, up 55.0% year over year.
Revenue by source, Q2 2026
- FPL$4.90B · 65% · +4.0%
- NextEra Energy Resources$2.53B · 34% · +32.3%
- Corporate & Other$106M · 1%
Shares of $7.53B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is NEE’s next earnings date?
Tuesday, October 27, 2026estimated
NextEra Energy (NEE) has not confirmed the date yet; Oct 27, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $1.20 (4 analysts), vs $1.13 in the same quarter last year.
What time does NEE report? Usually before market open: the last 4 results releases reached the SEC at 7:31 am, 7:36 am, 7:39 am, 4:31 pm ET.
Last report: Jul 24, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$7,534
+12.4%
Operating income
$2,238
+17.1%
29.7% margin
Net income
$3,144
+55.0%
EPS $1.50 vs $0.98 · adj. $1.15
Verdict: a solid quarter with a flattering GAAP line — revenue rose 12.4% to $7,534M and operating income 17.1% to $2,238M, but most of the 55% jump in net income to $3,144M came from $640M of after-tax non-qualifying hedge gains; adjusted EPS grew a steadier 9.5% to $1.15.
GAAP EPS $1.50 vs $0.98 · adjusted earnings $2,407M, EPS $1.15 vs $1.05 · FPL capex ~$2.8B in the quarter, $12–13B planned for 2026 · NEER backlog ~35.1 GW after adding 3.6 GW · Dominion Energy merger approval filings submitted in July.
Source and notation
* marks non-cash / ≈ estimated. Source: NextEra Energy press release, 8-K EX-99, and 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
NEE earnings history: past report dates
| Apr 23, 2026 Thu | 7:36 ambefore market open | Mar 31, 2026 | — | $1.04+160% y/y |
| Jan 27, 2026 Tue | 7:39 ambefore market open | Dec 31, 2025 | — | ≈$0.74+28% y/y |
| Oct 28, 2025 Tue | 7:35 ambefore market open | Sep 30, 2025 | — | $1.18+31% y/y |
| Jul 23, 2025 Wed | 7:36 ambefore market open | Jun 30, 2025 | — | $0.98+24% y/y |
| Apr 23, 2025 Wed | 7:35 ambefore market open | Mar 31, 2025 | — | $0.40−64% y/y |
| Jan 24, 2025 Fri | 7:34 ambefore market open | Dec 31, 2024 | — | ≈$0.58+0% y/y |
| Oct 23, 2024 Wed | 7:34 ambefore market open | Sep 30, 2024 | — | $0.90+50% y/y |
| Jul 24, 2024 Wed | 7:36 ambefore market open | Jun 30, 2024 | — | $0.79−43% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
NextEra Energy: 5-year financials
| 2025 | 25,800 | 8,280 | 6,835 | 4,680 |
| 2024 | 23,500 | 7,479 | 6,946 | 4,235 |
| 2023 | 24,800 | 10,237 | 7,310 | 3,782 |
| 2022 | 23,000 | 4,081 | 4,147 | 3,352 |
| 2021 | 18,800 | 2,913 | 3,573 | 3,024 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
1.5/2mostly good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Jul 2026Per the 10-Q for Q2 2026: in June 2026 NEE agreed to settle the 2023 shareholder class action over its political funding campaign for $150M, pending court approval. sec.gov ↗
- Feb 202610-K 2025: NEE common stock (a single class) and corporate units registered; no SEC investigations disclosed. sec.gov ↗
- Dec 2025Diluted shares rose 5.2% over 2020–2025; dividend per share rose from $1.40 to $2.27 (XBRL). data.sec.gov ↗
Scoring: 2.0 −0.5 (criterion 9: $150M settlement of a shareholder class action, June 2026) = 1.5
- Share classes
- Single class of common stock; corporate units (debt units with an obligation to buy shares) also trade.
- Dilution
- Diluted shares 2020→2025 +5.2%, SBC 0.7% of revenue — below thresholds.
- Disclosure
- Full reporting, filed on time.
- Dividends
- Dividend raised every year: $1.40 (2020) → $2.27 (2025) per share.
- Lawsuits & regulators
- 2023 suit over misleading statements about political activity: a $150M settlement signed in June 2026 (pending final court approval) — 0.5 deduction. The suit by XPLR holders is not settled — no deduction.
- Related parties
- Transactions with affiliate XPLR (formerly NextEra Energy Partners) are disclosed; no sign of off-market terms to the detriment of NEE shareholders.
How the score works · checked as of Sep 2026
NextEra Energy (NEE) earnings: FAQ
How does NextEra Energy make money?
NextEra Energy brought in $7.53 billion of revenue in Q2 2026, up 12.4% year over year. The largest source was FPL: $4.90 billion, or 65% of the total, followed by NextEra Energy Resources ($2.53B, 34%); other lines add the remaining 1%. Net income for the quarter was $3.14 billion, up 55.0% year over year.
When is NEE's next earnings date?
NextEra Energy (NEE) has not confirmed the date yet; Oct 27, 2026 is an estimate based on its past reporting schedule.
What time does NEE report earnings?
NextEra Energy usually reports before market open: its latest results release was filed with the SEC at 7:31 am ET on Jul 24, 2026.
When did NEE last report earnings?
NextEra Energy reported Q2 2026 results on Jul 24, 2026.
What is the EPS estimate for NEE's next earnings?
The consensus EPS forecast is $1.20 (4 analysts), vs $1.13 in the same quarter last year.
Where can I find NextEra Energy's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to NEE's filings; this page breaks the latest report down in a Sankey chart.
What was NEE's net income in Q2 2026?
NextEra Energy reported net income of $3,144M for Q2 2026 (+55.0% year over year), under US GAAP.
Does NextEra Energy pay dividends?
Yes. In 2025, NextEra Energy paid $4,680M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 10/01/2026. How we make the breakdowns · Report an error
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