--- title: "NextEra Energy Q2 Earnings Beat Estimates as Renewable Backlog Hits 35.1 GW" type: "News" locale: "en" url: "https://longbridge.com/en/news/293773986.md" description: "NextEra Energy reported Q2 adjusted EPS of $1.15, beating estimates, though revenue missed forecasts. The renewable backlog reached 35.1 GW. The company reaffirmed FY2026 adjusted EPS guidance of $3.92–$4.02 and outlined long-term growth targets. Additionally, NextEra initiated regulatory filings for its proposed merger with Dominion Energy, expected to close in 12-18 months." datetime: "2026-07-24T14:53:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293773986.md) - [en](https://longbridge.com/en/news/293773986.md) - [zh-HK](https://longbridge.com/zh-HK/news/293773986.md) --- # NextEra Energy Q2 Earnings Beat Estimates as Renewable Backlog Hits 35.1 GW **NextEra Energy, Inc.** (NYSE:NEE) reported mixed second quarter results, while reaffirming full year adjusted EPS guidance. **• What’s ahead for NEE stock?** ## **Earnings Snapshot** Adjusted EPS rose 9.5% year-over-year (Y/Y) to $1.15, beating the $1.10 analyst estimate. Meanwhile, revenue came in at $7.53 billion, below the $8.04 billion consensus forecast. The results reflected strong execution across FPL and NextEra Energy Resources. **FPL** business reported net income of $1.41 billion, or 67 cents per share, compared with $1.28 billion, or 62 cents per share, a year earlier. Growth was driven by continued capital investments, with second quarter spending reaching approximately $2.8 billion and full-year investments expected at $12 billion–$13 billion. Regulatory capital employed increased 9.3% year over year. NextEra Energy reported net income of $1.63 billion, or 78 cents per share, compared with $983 million, or 48 cents per share, in the prior-year quarter. Adjusted earnings rose to $1.29 billion, or 62 cents per share, from $1.09 billion, or 53 cents per share, a year earlier. The segment added 3.6 GW of renewable energy and storage projects to its backlog during the quarter, including 2 GW of battery storage capacity. After adding new projects and bringing 1.1 GW online, the backlog reached approximately 35.1 GW. ## **Outlook** The company reaffirmed its FY2026 adjusted EPS guidance of $3.92–$4.02, compared with analyst expectations of $4.02. For full year, the company expects investments at FPL of $12 billion–$13 billion. NextEra expects adjusted EPS growth of more than 8% annually through 2032 and aims to maintain a similar growth rate through 2035, based on its 2025 earnings base. ## **Merger With Dominion Energy** NextEra Energy has begun the regulatory approval process for its proposed combination with **Dominion Energy, Inc.** (NYSE:D) by filing merger applications with state and federal agencies. The acquisition, announced in May 2026, has been unanimously approved by both boards and is expected to close in 12 to 18 months, subject to regulatory approvals. If completed, the transaction would provide Dominion Energy customers with $2.25 billion in shareholder-funded bill credits. The merged company will operate under the NextEra Energy name and continue to trade on the NYSE under NEE. The combined company aims to strengthen energy infrastructure investments, support economic growth, and deliver approximately 11% annual growth in regulatory capital employed through 2032, along with 9%+ adjusted EPS growth through 2032 and 2035 based on the 2025 earnings base. The company targets 6% annual dividend growth through 2028, with payout ratios expected below 55% by 2030. **NEE Stock Price Activity**: NextEra Energy shares were down 0.44% at $89.39 at publication on Friday. **Read Also: Trump Is Expanding a Pledge That Could Stop AI Data Centers From Hiking Your Electricity Bill— Here's Who Just Signed On** _Photo via Shutterstock_ ### Related Stocks - [NEE.US](https://longbridge.com/en/quote/NEE.US.md) - [D.US](https://longbridge.com/en/quote/D.US.md) - [NEE-N.US](https://longbridge.com/en/quote/NEE-N.US.md) - [NEE-W.US](https://longbridge.com/en/quote/NEE-W.US.md) - [NEP.US](https://longbridge.com/en/quote/NEP.US.md) - [NEE-R.US](https://longbridge.com/en/quote/NEE-R.US.md) - [NEE-T.US](https://longbridge.com/en/quote/NEE-T.US.md) - [NEE-U.US](https://longbridge.com/en/quote/NEE-U.US.md) - [NEE-S.US](https://longbridge.com/en/quote/NEE-S.US.md) - [NEE-V.US](https://longbridge.com/en/quote/NEE-V.US.md) ## Related News & Research - [NEE: Q2 2026 adjusted EPS rose 9.5% year-over-year, with strong growth and Dominion merger accretion expected](https://longbridge.com/en/news/293750911.md) - [NextEra 2Q Profit Soars from Higher Sales, Lower Costs](https://longbridge.com/en/news/293757209.md) - [NextEra Energy Q2 revenue misses estimates; maintains FY adjusted EPS outlook](https://longbridge.com/en/news/293751555.md) - [GALP: Raised EBITDA guidance, boosted dividend, and expanded renewables amid volatile market](https://longbridge.com/en/news/293953539.md) - [Brookfield, NextEra to develop $100 billion data center campus in Kentucky, source says](https://longbridge.com/en/news/294204935.md)