--- title: "Is NextEra Energy Inc a Buy After Its Latest Earnings Report?" type: "News" locale: "en" url: "https://longbridge.com/en/news/293776889.md" description: "NextEra Energy reported Q2 adjusted EPS of $1.15, up 9.5%, driven by strong demand from AI data centers and Florida's growth. The company projects >8% annual EPS growth through 2032, accelerated by its $67 billion Dominion merger. Despite trading at a premium valuation, analysts view NextEra as a compelling buy due to its robust backlog, dividend yield, and potential for double-digit total returns." datetime: "2026-07-24T15:44:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293776889.md) - [en](https://longbridge.com/en/news/293776889.md) - [zh-HK](https://longbridge.com/zh-HK/news/293776889.md) --- # Is NextEra Energy Inc a Buy After Its Latest Earnings Report? **NextEra Energy** (NEE \-0.16%) reported its second-quarter financial results on June 24. The utility giant generated robust earnings growth, as its adjusted earnings per share surged 9.5%. The company is benefiting from strong power demand growth from AI data centers and other catalysts. Here’s a closer look at that report and whether investors should buy the utility stock right now. ![NextEra Energy logo overlaid on an industrial power plant by the waterfront](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2Nkbi5jb250ZW50LmZvb2xjZG4uY29tL2ltYWdlcy8xdW1uOXFlaC9wcm9kdWN0aW9uL2M1NWIwMWYyNWU5YTc0ZDZhNmYyM2M1NTFiNDI1ZjVkYTY1NTllMzgtMTIwMHg4MDAucG5nP3c9MTIwMCZoPTgwMCZxPTc1JmF1dG89Zm9ybWF0Jnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: The Motley Fool. ## Another strong showing NextEra Energy reported $2.4 billion, or $1.15 per share of adjusted earnings, in the second quarter, up 9.5% compared to the year-ago period. Both the utility’s businesses, FPL and Energy Resources, delivered strong results. The company’s regulated electric utility in Florida, FPL, generated $1.4 billion in net income, up nearly 11% year over year. It continues to benefit from Florida’s economic growth, adding more than 90,000 customers over the past year. That’s driving heavy capital spending ($12 billion to $13 billion this year) to support the state's growing power demand. FPL is seeing robust demand from data center developers and other large customers. Expand ![NextEra Energy Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05FRS5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NYSE: NEE NextEra Energy Today's Change (-0.16%) $-0.14 Current Price $89.65 ### Key Data Points Market Cap $187BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $88.43 - $90.91 52wk Range $69.24 - $98.75 Volume 3.9M Avg Vol 11.5M Gross Margin 36.10% Dividend Yield 2.65% Meanwhile, its clean energy infrastructure development platform, NextEra Energy Resources, reported earnings growth of more than 18% to about $1.3 billion. It placed 1.1 gigawatts (GW) of new projects into service over the past three months to support growing power demand from other utilities and large customers. The company also energized a new 137-mile transmission line in New Mexico to strengthen grid reliability in the state. ## Powerful growth still ahead NextEra Energy believes it will continue growing briskly for years to come. Its baseline expectation is to deliver more than 8% compound annual adjusted earnings per share growth through 2032, with a target to maintain that same growth rate from 2032 to 2035. It has multiple growth catalysts. FPL has roughly 21 GW of large-load interest from data center developers and other large power users, including 12 GW in advanced discussions that could begin delivery as soon as 2028. Meanwhile, NextEra Energy Resources has 35.1 GW in its backlog, most of which it expects to deliver by the end of the decade. It also remains on track to restart its Duane Arnold nuclear power plant by 2029 to support **Google**’s growing power demand and was selected to develop two large-scale transmission projects in Illinois. While NextEra already has robust growth in its existing businesses, it aims to further enhance its strong growth profile by combining with **Dominion**. That $67 billion deal will create the world’s largest regulated electric utility. NextEra expects the deal will accelerate its earnings growth rate to more than 9% annually through 2032, with a target of maintaining that rate through 2035. Dominion’s electric utility in Virginia is benefiting from strong power demand growth from data centers, and the combined company would be better positioned to support it. ## Is NextEra a buy? NextEra’s robust growth has helped power its stock, which is up more than 22% over the past year. As a result, it currently trades at more than 22 times forward earnings, which is higher than its peers (19 to 21 times range) and the **S&P 500** (21.5x). However, that’s still a fairly attractive value to pay for this leading utility stock. It’s the largest player in the space and growing faster than most of its peers. It could generate double-digit average annual total returns from here by adding its growth rate to its current dividend yield (2.8%). That’s a strong return from a lower-risk investment, making NextEra still look like a compelling buy after its earnings report. ### Related Stocks - [D.US](https://longbridge.com/en/quote/D.US.md) - [NEE.US](https://longbridge.com/en/quote/NEE.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.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 - [NextEra 2Q Profit Soars from Higher Sales, Lower Costs](https://longbridge.com/en/news/293757209.md) - [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 Energy Q2 revenue misses estimates; maintains FY adjusted EPS outlook](https://longbridge.com/en/news/293751555.md) - [New Age Metals Signs Amending Memorandum of Understanding with Nipissing First Nation at the River Valley Palladium Project near Sudbury, Ontario](https://longbridge.com/en/news/294116077.md) - [Brookfield, NextEra to develop $100 billion data center campus in Kentucky, source says](https://longbridge.com/en/news/294204935.md)