AI English summary of an SEC filing — figures as filed
NextEra Energy NEEThe company said NextEra Energy's net income attributable to NextEra Energy on a GAAP basis was $2.268 billion ($1.10 per share) for Q1 2024, and adjusted earnings were $1.873 billion ($0.91 per share). For Q1 2023, GAAP net income was $2.086 billion ($1.04 per share), and adjusted earnings were $1.678 billion ($0.84 per share).
Key points
AI summaryThe company said NextEra Energy's net income attributable to NextEra Energy on a GAAP basis was $2.268 billion ($1.10 per share) for Q1 2024, and adjusted earnings were $1.873 billion ($0.91 per share). For Q1 2023, GAAP net income was $2.086 billion ($1.04 per share), and adjusted earnings were $1.678 billion ($0.84 per share).
The company said FPL's net income for Q1 2024 was $1.172 billion ($0.57 per share), compared with $1.070 billion ($0.53 per share) in the year-earlier quarter. It said capital expenditures were about $2.3 billion for the quarter and that it expects full-year capital investments of between $7.8 billion and $8.8 billion.
NextEra Energy Resources reported GAAP net income attributable to NextEra Energy of $966 million ($0.47 per share) for Q1 2024, and adjusted earnings of $828 million ($0.40 per share), the company said. About 2,765 MW of new renewables and storage was added to its backlog, bringing the backlog to roughly 21.5 GW.
The company said it continues to expect adjusted earnings per share for 2024 of $3.23 to $3.43. It expects growth of 6% to 8% per year in 2025 and 2026, off the 2024 adjusted earnings per share range, which translates to $3.45 to $3.70 for 2025 and $3.63 to $4.00 for 2026.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
NextEra Energy reports Q1 2024 GAAP and adjusted results
The company said NextEra Energy's net income attributable to NextEra Energy on a GAAP basis was $2.268 billion ($1.10 per share) for Q1 2024, and adjusted earnings were $1.873 billion ($0.91 per share). For Q1 2023, GAAP net income was $2.086 billion ($1.04 per share), and adjusted earnings were $1.678 billion ($0.84 per share).
Source · Based on the filing body and exhibits
FPL Q1 net income and investment scale
The company said FPL's net income for Q1 2024 was $1.172 billion ($0.57 per share), compared with $1.070 billion ($0.53 per share) in the year-earlier quarter. It said capital expenditures were about $2.3 billion for the quarter and that it expects full-year capital investments of between $7.8 billion and $8.8 billion.
Source · Based on the filing body and exhibits
NextEra Energy Resources results and backlog
NextEra Energy Resources reported GAAP net income attributable to NextEra Energy of $966 million ($0.47 per share) for Q1 2024, and adjusted earnings of $828 million ($0.40 per share), the company said. About 2,765 MW of new renewables and storage was added to its backlog, bringing the backlog to roughly 21.5 GW.
Source · Based on the filing body and exhibits
Long-term outlook the company maintained
The company said it continues to expect adjusted earnings per share for 2024 of $3.23 to $3.43. It expects growth of 6% to 8% per year in 2025 and 2026, off the 2024 adjusted earnings per share range, which translates to $3.45 to $3.70 for 2025 and $3.63 to $4.00 for 2026.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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