The company said NEE's net income attributable to NEE rose by $182 million for the 3 months ended March 31, 2024. FPL and Corporate and Other increased, while NEER decreased.

10-QQuarterly reportFiled Apr 23, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said NEE's net income attributable to NEE rose by $182 million for the 3 months ended March 31, 2024. FPL and Corporate and Other increased, while NEER decreased.
The company said NEER's results decreased by $474 million over the 3 months. It cited less favorable non-qualifying hedge activity compared with 2023 as the main factor, partly offset by higher earnings from new investments.
FPL's average rate base rose about $6.8 billion from the prior year period, the company said, while reserve amortization was about $572 million in 2024 and about $373 million in 2023. About $651 million remained available as of March 31, 2024.
The company said NEE's total net available liquidity was about $10.8 billion as of March 31, 2024.

Key figures

Quarter ended March 31, 2024

Revenue: $5.4B
Operating income: $2.0B
Net income: $2.3B
EPS: $1.10
Operating cash flow: $3.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2024 NEE net income attributable to NEE rises and segment performance

The company said NEE's net income attributable to NEE rose by $182 million for the 3 months ended March 31, 2024. FPL and Corporate and Other increased, while NEER decreased.

Source · Based on the MD&A text of the filing

NEER Results Fall $474 million, Company Cites Hedge Activity

The company said NEER's results decreased by $474 million over the 3 months. It cited less favorable non-qualifying hedge activity compared with 2023 as the main factor, partly offset by higher earnings from new investments.

Source · Based on the MD&A text of the filing

FPL Average Rate Base and Reserve Amortization

FPL's average rate base rose about $6.8 billion from the prior year period, the company said, while reserve amortization was about $572 million in 2024 and about $373 million in 2023. About $651 million remained available as of March 31, 2024.

Source · Based on the MD&A text of the filing

NEE Net Available Liquidity as of March 31, 2024

The company said NEE's total net available liquidity was about $10.8 billion as of March 31, 2024.

Source · Based on the MD&A text of the filing

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

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