NEE
SP100NYSENextEra Energy, Inc.
Utilities · Utilities - Regulated Electric · United States
NextEra Energy, Inc., through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company (FPL) and NEER segments. The company generates electricity from wind, solar, nuclear, natural gas, and other clean energy assets. It also invests in generation, storage, transmission, and distribution facilities; owns, develops, constructs, manages, and operates generation facilities, including renewables, nuclear and natural gas, and battery storage facilities in the wholesale energy market in the United States and Canada, as well as electric and gas transmission assets, and natural gas pipelines; provides full energy and capacity requirement services; markets and trades in energy-related commodities; and participates in the production of natural gas, natural gas liquids, and oil. As of December 31, 2025, the company had approximately 35,963 megawatts of net generating capacity; approximately 93,000 circuit miles of transmission and distribution lines; and 932 substations. It serves approximately 12 million people through approximately 6 million customer accounts on the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.
www.nexteraenergy.com ↗Shares trade at a moderate 22.4× trailing earnings, easing to 20.1× on forward estimates. Profitability shows a net margin of 29.4% and return on equity of 10.3%. Leverage is high at 7.2× net debt/EBITDA. Revenue grew 7.3% year-on-year. It yields 2.8% in dividends. The mean analyst target of USD99.20 sits 12.3% above the current price (Buy, 20 analysts).
business model
NextEra Energy is a US utility and clean energy company. It operates Florida Power & Light, a large regulated electric utility, and NextEra Energy Resources, one of the world's largest generators of wind and solar power plus battery storage, selling electricity under long-term contracts and through regulated rate structures.
revenue segments
Revenue comes from Florida Power & Light (regulated electricity generation, transmission, and distribution to Florida customers) and NextEra Energy Resources (competitive clean energy generation, including wind, solar, storage, and nuclear, sold largely under long-term power purchase agreements).
key dependencies
Depends on regulatory rate approvals in Florida, favorable renewable energy policy and tax credits (production and investment tax credits), interest rates given its capital intensity, load growth, and successful development and financing of large renewable projects.
competitors
Competes with other utilities and independent power producers such as Duke Energy, Southern Company, Dominion, and, in renewables development, firms like Brookfield Renewable, Orsted, and various independent developers.
moat
Benefits from a large regulated utility with a favorable Florida service territory and constructive regulation, plus unmatched scale and development expertise in renewables, a strong project pipeline, and cost advantages in clean energy generation.
risks
Exposed to rising interest rates that increase financing costs, regulatory and political risk around rate cases and clean energy incentives, potential changes to tax credits, project execution and supply chain risks, weather and hurricane exposure in Florida, and high leverage.
Financials & metrics
as of 26 Aug 2026Price is around the middle of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
Tap any metric for an explanation.● provider● computedN/A not available from source
Valuation history is being recorded
We snapshot P/E and price targets daily. This chart fills in over the coming days.
Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $27.41B | $24.75B | $28.11B | $20.96B | — |
| Cost of revenue | $10.34B | $9.89B | $10.14B | $10.82B | — |
| Gross profit | $17.07B | $14.87B | $17.98B | $10.14B | — |
| Operating expense | $9.05B | $7.74B | $8.14B | $6.58B | — |
| Operating income | $8.02B | $7.13B | $9.83B | $3.56B | — |
| Interest expense | $4.57B | $2.23B | $3.32B | $585.00M | — |
| Pretax income | $4.53B | $6.04B | $7.29B | $3.83B | — |
| Tax provision | -$802.00M | $339.00M | $1.01B | $586.00M | — |
| Net income | $6.83B | $6.95B | $7.31B | $4.15B | — |
| EBITDA | $16.04B | $14.03B | $16.76B | $9.21B | — |
| Diluted EPS | $3.28 | $3.37 | $3.60 | $2.09 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $212.72B | $190.14B | $177.49B | $158.94B | — |
| Current assets | $13.58B | $11.95B | $15.36B | $13.49B | — |
| Cash & equivalents | $2.81B | $1.49B | $2.69B | $1.60B | — |
| Inventory | $2.42B | $2.21B | $2.11B | $1.93B | — |
| Total liabilities | $146.24B | $129.28B | $118.47B | $109.50B | — |
| Current liabilities | $22.82B | $25.36B | $27.96B | $26.70B | — |
| Total debt | $95.62B | $82.33B | $73.21B | $64.97B | — |
| Long-term debt | $89.56B | $72.39B | $61.41B | $55.26B | — |
| Shareholders' equity | $54.61B | $50.10B | $47.47B | $39.23B | — |
| Retained earnings | $35.10B | $32.95B | $30.23B | $26.71B | — |
| Working capital | -$9.23B | -$13.40B | -$12.60B | -$13.21B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $12.48B | $13.26B | $11.30B | $8.26B | — |
| Investing cash flow | -$23.86B | -$22.26B | -$23.47B | -$18.36B | — |
| Financing cash flow | $12.98B | $7.00B | $12.15B | $12.23B | — |
| Capital expenditure | -$9.27B | -$8.51B | -$9.55B | -$9.74B | — |
| Free cash flow | $3.21B | $4.75B | $1.75B | -$1.48B | — |
| Dividends paid | -$4.68B | -$4.24B | -$3.78B | -$3.35B | — |
| End cash position | $3.01B | $1.40B | $3.42B | $3.44B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 26 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
Other Utilities names by market cap.
Compare side by side →Notes & alerts
Sign in to keep a private research note and set price alerts for NEE.