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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.38B | -21.7% | $0.58 | -1.7% | 17.5% | 22.3% | $139M |
| FY2025 Q1 | $6.25B | +9.0% | $0.40 | -63.6% | 36.1% | 13.3% | $268M |
| FY2025 Q2 | $6.70B | +10.4% | $0.98 | +24.1% | 28.5% | 30.3% | $1.12B |
| FY2025 Q3 | $7.97B | +5.3% | $1.18 | +31.1% | 31.7% | 30.6% | $1.55B |
| FY2025 Q4 | $6.56B | +21.9% | $0.73 | +25.9% | 24.2% | 23.4% | $277M |
| FY2026 Q1 | $6.96B | +11.4% | $1.04 | +160.0% | 31.7% | 31.4% | $-580M |
| FY2026 Q2 | $7.53B | +12.4% | $1.51 | +54.1% | 29.7% | 41.7% | $4.66B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
NextEra Energy delivered Q1 adjusted EPS up 10% year-over-year with FPL retail sales growing 3.4% and Energy Resources adding a record 4 GW of new renewables and storage to the backlog in the quarter. Management reiterated FY2026 adjusted EPS guidance of $3.92-4.02 targeting the high end, while U.S.-Japan data center hub awards for 9.5 GW and accelerating large load demand reinforced the multi-decade growth runway in clean energy infrastructure.
Capex Investment | Regulation Policy | Demand | Competitive Dynamics | Capital Allocation | Supply Chain | Innovation & R&D | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 3 | 2 | 2 | 2 | 1 | 1 | 1 |
| 2025Q1 | 3 | 3 | 1 | 2 | 1 | 1 | ||
| 2025Q2 | 3 | 5 | 3 | 2 | 1 | 1 | ||
| 2025Q3 | 7 | 1 | 3 | 2 | 1 | 1 | ||
| 2025Q4 | 5 | 4 | 6 | 3 | 1 | 1 | 1 | 1 |
| 2026Q1 | 4 | 1 | 2 | 2 | 1 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 4 | 3 | 3 | 7 | 5 | 4 |
| Regulation Policy | 3 | 3 | 5 | 1 | 4 | 1 |
| Demand | 2 | 1 | 3 | 3 | 6 | 2 |
| Competitive Dynamics | 2 | 2 | 2 | 2 | 3 | 2 |
| Capital Allocation | 2 | 1 | 1 | 1 | 1 | |
| Supply Chain | 1 | 1 | 1 | 1 | 1 | |
| Innovation & R&D | 1 | 1 | 1 | 2 | ||
| M&A | 1 | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Steve Fleishman | Wolfe Research | 14 (7%) |
| Julien Dumoulin-Smith | Jefferies | 10 (0%) |
| Nick Campanella | Barclays | 10 (0%) |
| Shar Pourreza | Wells Fargo | 9 (22%) |
| Carly Davenport | Goldman Sachs | 9 (11%) |
| Jeremy Tonet | JPMorgan | 9 (0%) |
| Bill Appicelli | UBS | 4 (0%) |
| David Arcaro | Morgan Stanley | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 | 14 (7%) |
| Jefferies | 1 | 10 (0%) |
| Barclays | 1 | 10 (0%) |
| JPMorgan | 1 |
What NEE and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“NextEra has come out and said that they're going to look at putting 10 gigawatts.”
EQT cites NextEra's plan to add ~10 GW of power in Appalachia as evidence of gas-fired power/data-center demand growth in its backyard.
“we also reached a definitive non-exclusive agreement on our previously announced MoU with NextEra Energy to co-develop generation, storage and interconnections to accelerate data center development across our operating companies.”
Xcel and NextEra Energy signed a joint development agreement to co-develop generation/storage for data center load.
| 9 (0%) |
| Wells Fargo | 1 | 9 (22%) |
| Goldman Sachs | 1 | 9 (11%) |
| UBS | 1 | 4 (0%) |
| Morgan Stanley | 1 | 3 (0%) |
“I can't speak with -- for NextEra. So you'd have to ask them that question. They could always enter into a financial transaction or something like that. But you'll have to run that by NextEra on to what their thoughts are.”
WEC buys power from NextEra's Point Beach nuclear plant under a PPA it plans to replace with its own gas generation as the contract rolls off in 2030/2033, a negative offtake read-through for NextEra.
“Our plan to work with Basin Electric to develop a 1.5 gigawatt combined cycle plant in North Dakota is a great example.”
NextEra plans to co-develop a 1.5 GW combined-cycle plant with co-op Basin Electric in North Dakota as part of its large-load strategy.
“one of our partners there is Comstock, and so we have [indiscernible] gas supply available in the region, which makes that project extremely attractive.”
Comstock is a gas-supply partner at NextEra's Texas data-center generation site, providing regional gas that makes the project attractive.
“highlighted by our strategic acquisition of Symmetry Energy Solutions which is 1 of the U.S.'s leading natural gas suppliers.”
NextEra acquired natural-gas supplier Symmetry Energy Solutions, adding physical gas assets across 34 states to its customer-supply business.
“GE has got the Ontario project going on now”
NextEra cites GE's SMR project in Ontario as a source of lessons for Gen 3 small modular reactor technology it is evaluating.
“I guess how are the dialogues going with WEC?”
Analyst asks about NextEra's recontracting/PPA dialogue with WEC Energy, the current offtaker of the Point Beach nuclear plant; a read-through on WEC's generation planning timeline.
“A perfect example is the joint development agreement, which we signed with Excel earlier this week to jointly plan and rapidly deploy new generation, storage and transmission to capture accelerating data center demand across Excel's 8 state service territory.”
NextEra signed a joint development agreement with Xcel Energy (transcribed 'Excel') to co-develop generation, storage and transmission for data-center demand across Xcel's 8-state territory.
“It's exactly what we're working on with NVIDIA a collaboration we announced in the first quarter.”
NextEra is collaborating with NVIDIA to make data centers dispatchable (flexing chip power use) as grid resources, a read-through on NVIDIA's involvement in grid-flexible data-center design.
“A great example is our collaboration with Google to recommission our Glenora nuclear plant outside Cedar Rapids, Iowa.”
NextEra partners with Google to recommission a nuclear plant to serve data-center load, and separately partners with Google Cloud on its Rewire AI initiative; positions Google as a large-load and technology partner.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NEE NextEra Energy | 6 | +7.3% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +26.2% | |
| DTE DTE Energy | 7 | +15.8% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| LNT Alliant Energy | 5 | +5.0% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |