NextEra Energy reported third-quarter adjusted earnings per share of $1.24, up 9.7% year over year. Florida Power & Light's net income reached $1.62 billion, versus $1.463 billion a year earlier, while adjusted earnings at NextEra Energy Resources rose 13% to $1.247 billion. The renewables and storage backlog reached 36.7 gigawatts, and FPL raised its large load target to 8 gigawatts by 2032. Shareholders have approved the pending combination with Dominion Energy, with state regulatory reviews expected to conclude in early 2027. Management maintained its 2026 adjusted earnings guidance and is targeting the high end of the range, even though wind generation in Q4 is projected to fall to 90% to 95% of the long-term average due to El Niño.
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NextEra Energy reported third-quarter adjusted EPS of $1.24, up 9.7% year over year, with FPL net income rising to $1.62 billion from $1.463 billion and NextEra Energy Resources' adjusted earnings up 13% to $1.247 billion. The renewables and storage backlog reached 36.7 gigawatts, and the 20-gigawatt large-load pipeline includes over 18 gigawatts of gas-fired generation for data center demand. The pending combination with Dominion Energy has secured shareholder approval, with state regulatory reviews expected to conclude in early 2027. Management kept its 2026 adjusted earnings guidance and is targeting the high end of the range, though it flagged El Niño impacts expected to hold fourth-quarter wind output to 90% to 95% of the long-term average.
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