NextEra Energy Inc.
12/08/2025 | Press release | Distributed by Public on 12/08/2025 07:17
Regulation FD Disclosure (Form 8-K)
Item 7.01 Regulation FD Disclosure
On December 8, 2025, at NextEra Energy, Inc.'s (NEE) 2025 Investor Conference in New York, NY, members of NEE's senior management team will announce, among other things, that NEE is updating its adjusted earnings per share expectations by tightening the 2025 range to the high end, increasing the 2026 range and extending its adjusted earnings per share growth expectations through 2032. Additionally, NEE is announcing a longer-term growth target from 2032 to 2035 and providing its dividend per share growth expectations for 2027 and 2028.
NEE now expects adjusted earnings per share for 2025 and 2026 to be between $3.62 and $3.70 and between $3.92 and $4.02, respectively, and expects compound annual growth in adjusted earnings per share of at least 8% annually through 2032, based on the expected 2025 adjusted earnings per share range. In addition, NEE is targeting long-term adjusted earnings per share growth of at least 8% through 2035, also based on the expected 2025 adjusted earnings per share range.
NEE continues to expect dividends per share growth of approximately 10% annually through 2026, off a 2024 base and expects dividends per share growth of approximately 6% annually for 2027 and 2028, off a 2026 base. Dividend declarations are subject to the discretion of the board of directors of NEE.
This Current Report on Form 8-K refers to adjusted earnings per share expectations. NEE does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, the effects of non-qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments. These items could significantly impact GAAP earnings per share. Expectations regarding adjusted earnings and dividends per share growth and other forward-looking statements assume, among other things: normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind, solar and storage development and construction; market demand for generation development and capacity needs, market demand and policy support for transmission development and expansion; market demand for pipeline capacity; access to capital at reasonable cost and terms; rate case outcomes consistent with historical; no adverse litigation decisions; and no changes to governmental policies or incentives.
NEE's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NEE also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors.
Investors and other interested parties can access a copy of the presentation materials at www.NextEraEnergy.com/investors.
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