Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
NEE reported 2026-Q2 diluted EPS of $1.50 and net income attributable to NEE of $3.144B, up from $0.98 and $2.028B a year earlier, driven by higher FPL investment-based earnings, new NEER investments and favorable mark-to-market hedge activity. Source: 10-Q Item 2 MD&A, p.45
Revenue
$7.53B
+12.45% YoY
EPS (Diluted)
$1.50
+53.06% YoY
Operating Income
$2.24B
+17.11% YoY
Source: SEC XBRL
Nextera Energy (NEE) reported Q2 2026 revenue of $7.53B, up 12.4% year over year. Operating margin was 29.7%, up 1.2 points from 28.5% a year earlier.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.15 | 1.12 | Beat +2.9% |
| Mar 2026 | 1.09 | 0.97 | Beat +12.5% |
| Dec 2025 | 0.54 | 0.53 | Beat +1.7% |
| Sep 2025 | 1.13 | 1.03 | Beat +10.0% |
Compiled by AI from 10-Q Item 2 of this filing
Net income attributable to NEE increased by $1.116B year over year to $3.144B for the three months ended June 30, 2026, while diluted EPS rose to $1.50 from $0.98. Favorable non-qualifying hedge activity was a major contributor, but management notes that these mark-to-market changes can create earnings volatility because the economic offsets are generally not marked to market under GAAP.
Source: 10-Q Item 2 MD&A
FPL's 2026-Q2 net income increased $137M year over year to $1.412B. Its average rate base grew by approximately $6.8B, supported by solar, transmission and distribution investment, and new retail base rates added approximately $251M of revenue in the quarter; FPL earned an approximately 11.70% regulatory ROE on retail rate base as of June 30, 2026.
Source: 10-Q Item 2 MD&A
NEER's 2026-Q2 net income rose $651M year over year to $1.634B. The increase included $179M from new investments and a $376M favorable change in non-qualifying hedge activity after tax; for the six-month period, results also benefited from the absence of the approximately $0.5B after-tax XPLR impairment recorded in 2025.
Source: 10-Q Item 2 MD&A
For the first six months of 2026, NEE deployed $19.389B in capital expenditures, independent-power investments and nuclear-fuel purchases, up from $13.626B in the prior-year period. Cash flow from operations was $7.276B, while long-term debt issuance totaled $15.566B and short-term debt increased by $3.431B.
Source: 10-Q Item 2 MD&A
Management said that clean-energy tax-credit legislation, executive actions, tariffs, permitting reviews and grid-interconnection developments had not had a material impact on NEE or FPL operations or financial performance. NEE believes its current wind and solar pipeline scheduled to enter service through 2030 will qualify for clean-energy tax credits, but stated it will assess future developments.
Source: 10-Q Item 2 MD&A
Compiled by AI from 10-Q Item 2 of this filing · 2 high, 3 medium, 0 low
NEE, FPL and NEECH rely substantially on credit and capital markets for liquidity needs not met by operating cash flow. The filing states that an inability to maintain current credit ratings could impair access to capital, increase funding costs, affect financing execution and require additional collateral under certain agreements; this is relevant given $19.389B of first-half investment spending and higher debt issuance.
Source: 10-Q Item 2 MD&A
FPL's approved 2025 rate agreement is being challenged by nonsignatories before the Florida Supreme Court after the Florida Public Service Commission denied substantially all of a reconsideration motion. A reversal, modification or delay in the rate framework could affect FPL's authorized revenue recovery and regulatory ROE mechanisms.
Source: 10-Q Item 2 MD&A
Management identified pending or developing federal rulemaking, potential additional tariffs or import restrictions, wind and solar permitting changes, and regional grid-interconnection process changes. NEE reported no material impact to date, but these developments could affect project economics, timing, equipment sourcing or eligibility for anticipated clean-energy tax credits.
Source: 10-Q Item 2 MD&A
Non-qualifying energy, interest-rate and foreign-currency hedges are recognized at fair value under GAAP even though related economic offsets are generally not marked to market. This accounting mismatch can cause material fluctuations in reported earnings; favorable non-qualifying hedge activity contributed substantially to 2026-Q2 results versus the prior-year period.
Source: 10-Q Item 2 MD&A
NEE entered into a merger agreement with Dominion Energy in May 2026. The filing's Item 1A incorporates by reference the risk factors in the related joint proxy statement/prospectus, indicating that transaction-related risks could materially affect NEE and FPL; the specific incorporated risk descriptions were not included in the supplied text.
Source: 10-Q Item 1A; 10-Q Item 2 MD&A
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 7.53 $B | 6.70 $B | +12.45% |
Operating Income $B | 2.24 $B | 1.91 $B | +17.11% |
Net Income $B | 3.14 $B | 2.03 $B | +55.03% |
EPS (Basic) $ | 1.51 $ | 0.99 $ | +52.53% |
EPS (Diluted) $ | 1.50 $ | 0.98 $ | +53.06% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
NEE delivered a strong Q1 FY2026 with net income surging 161.9% YoY to $2.18B, driven by favorable prior-period comparisons, even as operating income dipped slightly and capital investment spending accelerated sharply.
NEE delivered strong operating income growth of 10.7% to $8.28B in FY2025, though net income dipped 1.6% to $6.84B amid a significant 23.7% surge in long-term debt to $89.6B driven by aggressive capital investment.
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