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NextEra Energy (NEE) posts higher Q2 2026 profit and advances Dominion merger

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

NextEra Energy, Inc. reported strong second-quarter 2026 results, with GAAP net income attributable to the company of $3.144 billion, or $1.50 per diluted share, compared with $2.028 billion, or $0.98 per share, a year earlier. Adjusted earnings were $2.407 billion, or $1.15 per share, versus $2.164 billion, or $1.05 per share, reflecting 9.5% adjusted EPS growth year-over-year.

Regulated utility Florida Power & Light generated second-quarter net income of $1.412 billion and invested about $2.8 billion of capital, with full-year capital spending expected between $12–$13 billion. FPL’s regulatory capital employed increased approximately 9.3%, typical residential bills remain roughly 30% below the U.S. average, and customer count rose by more than 90,000 year-over-year.

NextEra Energy Resources delivered GAAP net income of $1.634 billion and adjusted earnings of $1.291 billion, adding 3.6 GW of renewables and storage to its backlog, which now totals about 35.1 GW. NextEra Energy reaffirmed 2026 adjusted EPS guidance of $3.92–$4.02, targeting the high end, and continues to expect adjusted EPS to grow at an 8%+ compound annual rate through 2032, with similar targets through 2035, and dividends per share growing roughly 10% annually through 2026 and 6% annually from year-end 2026 through 2028. The company and Dominion Energy advanced their proposed combination by filing for key state and federal approvals, with the transaction expected to close in the second half of 2027, subject to customary conditions.

Positive

  • Adjusted EPS grows 9.5% year-over-year to $1.15 in Q2 2026 from $1.05, indicating stronger underlying earnings across both FPL and NextEra Energy Resources.
  • GAAP net income rises to $3.144 billion in Q2 2026 from $2.028 billion in Q2 2025, reflecting significantly improved consolidated profitability.
  • Renewables and storage backlog expands to approximately 35.1 GW, with 3.6 GW of new origination in the quarter, supporting future growth at NextEra Energy Resources.
  • FPL regulatory capital employed increases about 9.3% year-over-year while typical residential bills remain roughly 30% below the national average, suggesting constructive regulated growth with customer affordability.
  • Long-term guidance reaffirmed: 2026 adjusted EPS of $3.92–$4.02 (targeting the high end), 8%+ adjusted EPS CAGR through 2032, and continued dividend growth of ~10% annually through 2026 and 6% from 2026–2028.
  • Proposed Dominion Energy combination progresses with key state and federal merger filings and an effective S-4, with expectations of 11% annual regulatory capital growth and 9%+ adjusted EPS growth for the combined company through 2032.

Negative

  • None.

Filing Explained

June 30 balances show $2,866 million in cash versus $164,648 million in liabilities as the proposed merger remains uncompleted.

This Form 8-K furnishes NextEra Energy and Florida Power & Light’s second-quarter results, a completed reporting event rather than a new financing or merger closing, and adds a June 30 capital and liquidity snapshot for existing common holders.

The release reports June 30 cash and cash equivalents of $2,866 million, alongside total liabilities of $164,648 million and common shareholders’ equity of $57,126 million.

Adjusted earnings exclude specified non-GAAP items, including non-qualifying hedges, certain investment gains or losses, and merger-related expenses; they are not a substitute for GAAP net income.

The release calls FPL’s roughly 21 gigawatts of large-load interest strong, but says only 12 gigawatts are in advanced discussions and that serving part of it could begin as soon as 2028; these figures describe potential demand, not disclosed customer contracts.

For the six months ended June 30, operating cash flow was $7,276 million, investing cash use was $19,113 million, and financing cash provided was $12,057 million; the company ended the period with $3,222 million of cash, cash equivalents and restricted cash.

That cash-flow presentation shows that expansion and investment outflows were not funded solely from operating cash during the period.

The merger remains subject to approvals and closing conditions: the registration statement became effective on July 23, 2026, special shareholder meetings are anticipated in early September, and closing is expected in the second half of 2027.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 GAAP Net Income $3.144 billion Net income attributable to NextEra Energy for the quarter ended June 30, 2026
Q2 2026 GAAP EPS $1.50 per share Earnings per share assuming dilution for the quarter ended June 30, 2026
Q2 2026 Adjusted EPS $1.15 per share Adjusted earnings per share assuming dilution for the quarter ended June 30, 2026
Q2 2026 Operating Revenues $7.534 billion Consolidated operating revenues for the quarter ended June 30, 2026
FPL Q2 2026 Net Income $1.412 billion Florida Power & Light net income for the quarter ended June 30, 2026
NEER Q2 2026 Adjusted Earnings $1.291 billion NextEra Energy Resources adjusted earnings for the quarter ended June 30, 2026
Renewables and Storage Backlog 35.1 GW NextEra Energy Resources backlog after adding 3.6 GW and placing 1.1 GW into service
2026 Adjusted EPS Guidance Range $3.92–$4.02 Company outlook for adjusted earnings per share in 2026, targeting the high end
adjusted earnings financial
"Adjusted earnings for the periods in this news release exclude the effects of non-qualifying hedges"
Adjusted earnings are a company’s profit figure that has been altered to remove one-time, unusual or non-operational items so it better reflects the business’s regular performance. Think of it like looking at a household budget but ignoring a big, unusual expense or windfall to see what normal monthly cash flow looks like; investors use adjusted earnings to compare companies and trends, but should watch what is excluded because choices can change the picture.
non-qualifying hedges financial
"Adjusted earnings for the periods in this news release exclude the effects of non-qualifying hedges"
regulatory capital employed financial
"FPL grows regulatory capital employed by approximately 9.3% year-over-year"
nuclear decommissioning funds financial
"Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds"
special use funds financial
"Proceeds from sale or maturity of securities in special use funds and other investments"
asset retirement obligations financial
"Asset retirement obligations 2,210 1,584 — 3,794"
Asset retirement obligations are a company’s recorded promise to pay for dismantling, cleaning up, or restoring property when a long-lived asset is retired — for example decommissioning a plant or removing equipment. Companies estimate the future cleanup cost today and book it as a liability (and add the cost to the asset), so it affects the balance sheet, reported profits over time, and future cash needs; investors watch it like a planned bill that can reduce cash available for returns.
GAAP Net Income $3.144 billion compared with $2.028 billion in Q2 2025
GAAP EPS $1.50 per share compared with $0.98 per share in Q2 2025
Adjusted Net Income $2.407 billion compared with $2.164 billion in Q2 2025
Adjusted EPS $1.15 per share compared with $1.05 per share in Q2 2025; management notes 9.5% growth
Guidance

NextEra Energy expects 2026 adjusted EPS of $3.92–$4.02, targeting the high end, and an 8%+ adjusted EPS compound annual growth rate through 2032, with the same target from 2032 through 2035, all off a 2025 base of $3.71 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did NextEra Energy (NEE) perform financially in Q2 2026?

NextEra Energy reported Q2 2026 GAAP net income of $3.144 billion, or $1.50 per share, versus $2.028 billion, or $0.98 per share, in Q2 2025. Adjusted earnings were $2.407 billion, or $1.15 per share, up from $2.164 billion, or $1.05 per share.

What were Florida Power & Light’s Q2 2026 results within NEE?

FPL generated Q2 2026 net income of $1.412 billion, or $0.67 per share, compared with $1.275 billion, or $0.62 per share, a year earlier. It invested about $2.8 billion in capital during the quarter and expects $12–$13 billion in full-year capital investments.

How is NextEra Energy Resources contributing to NEE’s growth in 2026?

NextEra Energy Resources posted Q2 2026 GAAP net income of $1.634 billion and adjusted earnings of $1.291 billion. It added 3.6 GW of new renewables and storage to its backlog, which now totals about 35.1 GW, supporting future contracted growth.

What guidance did NextEra Energy (NEE) provide for 2026 earnings and long-term growth?

NextEra Energy continues to expect 2026 adjusted EPS of $3.92–$4.02 and is targeting the high end of that range. It also expects 8%+ adjusted EPS CAGR through 2032, with the same target from 2032–2035, off a 2025 base of $3.71 per share.

What is NextEra Energy’s dividend growth outlook through 2028?

NextEra Energy plans to grow dividends per share roughly 10% per year through 2026, off a 2024 base. It then expects 6% annual dividend growth from year-end 2026 through 2028, aligning payouts with its long-term earnings growth expectations.

What progress has been made on the proposed NextEra Energy–Dominion Energy combination?

NextEra Energy and Dominion Energy have filed merger applications with key state commissions and federal regulators, and an S-4 registration became effective. They expect shareholder proxy materials soon and anticipate closing in the second half of 2027, subject to approvals.

How fast is FPL growing its customer and regulatory base within NEE?

FPL’s regulatory capital employed increased about 9.3% year-over-year in Q2 2026. During the quarter, it added over 90,000 customers versus the prior-year period and has roughly 21 GW of large-load interest from hyperscalers and other large customers.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K


CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported:  July 24, 2026
Commission
File
Number
Exact name of registrants as specified in their
charters, address of principal executive offices and
registrants' telephone number
IRS Employer
Identification
Number
1-8841NEXTERA ENERGY, INC.59-2449419
2-27612FLORIDA POWER & LIGHT COMPANY59-0247775
700 Universe Boulevard
Juno Beach, Florida 33408
(561) 694-4000


State or other jurisdiction of incorporation or organization:  Florida

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
RegistrantsTitle of each classTrading Symbol(s)Name of each exchange
on which registered
NextEra Energy, Inc.
Common Stock, $0.01 Par Value
NEENew York Stock Exchange
7.299% Corporate Units
NEE.PRS
New York Stock Exchange
7.234% Corporate Units
NEE.PRT
New York Stock Exchange
7.375% Corporate Units
NEE.PRVNew York Stock Exchange
Florida Power & Light CompanyNone

Indicate by check mark whether the registrants are an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrants have elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





SECTION 2 - FINANCIAL INFORMATION

Item 2.02  Results of Operations and Financial Condition

On July 24, 2026, NextEra Energy, Inc. posted on its website a news release announcing second quarter financial results for NextEra Energy, Inc. and Florida Power & Light Company. A copy of the news release is attached as Exhibit 99, which is incorporated herein by reference.


SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01  Financial Statements and Exhibits

(d)  Exhibits.

Exhibit 99 is being furnished pursuant to Item 2.02 herein.

Exhibit
Number
DescriptionNextEra
Energy, Inc.
Florida Power & Light Company
99
NextEra Energy, Inc. News Release dated July 24, 2026
xx
101Interactive data files for this Form 8-K formatted in Inline XBRLxx
104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)xx

2



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

Date:  July 24, 2026


NEXTERA ENERGY, INC.
(Registrant)



WILLIAM J. GOUGH
William J. Gough
Vice President, Controller and Chief Accounting Officer


FLORIDA POWER & LIGHT COMPANY
(Registrant)



AMIN A. MOHOMED
Amin A. Mohomed
Vice President, FPL Accounting and Controller


3
Exhibit 99
nexteraenergy.jpg
NextEra Energy, Inc.
Media Line: 561-694-4442
July 24, 2026

FOR IMMEDIATE RELEASE

NextEra Energy reports second-quarter 2026 financial results
NextEra Energy delivers strong second-quarter results
FPL grows regulatory capital employed by approximately 9.3% year-over-year and continues to keep customer bills low while delivering highly reliable electricity
NextEra Energy Resources has a strong quarter for new renewables and storage origination, adding 3.6 gigawatts to its backlog
NextEra Energy and Dominion Energy advance proposed combination by filing applications seeking merger approvals

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2026 second-quarter net income attributable to NextEra Energy on a GAAP basis of $3.144 billion, or $1.50 per share, compared to $2.028 billion, or $0.98 per share, for the second quarter of 2025. On an adjusted basis, NextEra Energy's 2026 second-quarter earnings were $2.407 billion, or $1.15 per share, compared to $2.164 billion, or $1.05 per share, in the second quarter of 2025.

"NextEra Energy delivered a strong second quarter, with adjusted earnings per share increasing by 9.5% year-over-year, reflecting continued operational and financial execution across both FPL and NextEra Energy Resources," said John Ketchum, chairman, president and chief executive officer. "As power demand continues to accelerate, NextEra Energy is uniquely positioned to meet the power demand needs of our customers because we have the scale, financial strength, supply chain, development expertise and technology to build all forms of energy. NextEra Energy continues to be well positioned to deliver on its growth opportunities in its regulated and long-term contracted businesses in 2026 and beyond. We continue to expect to grow adjusted earnings per share at a compound annual growth rate of 8%+ through 2032 and are targeting the same from 2032 through 2035, all off our 2025 base.

"Earlier this month, we took the next step in our proposed combination with Dominion Energy by filing applications for merger approval with state and federal agencies, formally beginning the regulatory review process. This combination is about putting greater scale, financial strength and operational expertise behind Dominion Energy's local operating companies so they can meet growing power demand while keeping bills affordable and service reliable. Together, we will be better positioned to support jobs and economic development in four fast-growing states by investing in the all-of-the-above energy infrastructure needed to power growth and strengthen American competitiveness. If approved and completed, Dominion Energy customers would receive $2.25 billion in shareholder-funded bill credits, providing meaningful near-term customer benefits. Over the longer term, customers and communities would benefit from a stronger company with the scale and capabilities to buy, build, finance and operate critical energy infrastructure more efficiently, helping support reliability, affordability and economic growth. As discussed when the combination was announced on May 18, the combined company is expected to support approximately 11% annual growth in regulatory capital employed through 2032 and 9%+ adjusted earnings per share growth through 2032, with a 9%+ target through 2035, all off a 2025 base."

FPL
FPL reported second-quarter 2026 net income of $1.412 billion, or $0.67 per share, compared to $1.275 billion, or $0.62 per share, for the prior-year comparable quarter.

FPL's growth in the second quarter of 2026 was driven primarily by continued disciplined capital investments. FPL's capital expenditures were approximately $2.8 billion for the second quarter, and full-year capital investments are expected to be between $12 billion and $13 billion. Regulatory capital employed increased by approximately 9.3%, compared to the prior-year comparable quarter.
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FPL continues to demonstrate that it can consistently deliver customer affordability and reliability, while serving one of the fastest-growing states in the nation and the world's 14th largest economy. Today, FPL's typical residential bill remains approximately 30% below the national average and is only projected to increase 2% annually on average through the end of the decade. FPL drives consistently low bills through exceptional operational efficiency. FPL’s non-fuel O&M is more than 70% better than the industry average on a dollar-per-megawatt-hour basis. Customers also continue to benefit from top-decile reliability that’s more than 60% better than the national average. During the second quarter, FPL added more than 90,000 customers, compared to the prior-year comparable period.

FPL continues to see very strong interest from hyperscalers and other large customers that value speed to market, reliability and competitive power pricing. FPL has roughly 21 gigawatts (GW) of large-load interest. Of that, FPL is in advanced discussions on 12 GW, a portion of which it believes it could begin serving as soon as 2028. FPL is advancing negotiations with large-load customers and continues to expect to announce at least one large-load transaction under FPL's tariff by the end of the year.

NextEra Energy Resources
NextEra Energy Resources reported second-quarter 2026 net income attributable to NextEra Energy on a GAAP basis of $1.634 billion, or $0.78 per share, compared to $983 million, or $0.48 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the second quarter of 2026 were $1.291 billion, or $0.62 per share, compared to $1.091 billion, or $0.53 per share, for the second quarter of 2025.

NextEra Energy Resources had a strong quarter of new renewables and storage origination with 3.6 GW added to the backlog. Battery storage represented 2 GW of additions this quarter. With these additions, NextEra Energy Resources' backlog now totals approximately 35.1 GW after taking into account 1.1 GW of new projects placed into service since the first-quarter 2026 financial results call in April.

NextEra Energy Resources also remains on track to bring the Duane Arnold nuclear power plant back online no later than the first quarter of 2029. The Iowa Utilities Commission approved a generating certificate for the plant, and NextEra Energy Resources also successfully closed on the acquisition of the final 30% minority interest in the plant held by the two cooperative partners, making NextEra Energy Resources the plant's sole owner.

During the quarter, NextEra Energy Transmission energized a new 137-mile, 345-kilovolt (kV) transmission line in New Mexico to strengthen grid reliability in a growing part of the state. The project was completed ahead of schedule and on budget and is projected to reduce typical residential electric bills in 2031 by approximately $13 per month, based on an independent study performed by the Southwest Power Pool, providing a clear and tangible example of how smart transmission investments can directly improve affordability for customers. Also during the quarter, MISO selected NextEra Energy Transmission as part of a consortium to develop two large-scale 765-kV transmission projects in Illinois.

Corporate and Other
In the second quarter of 2026 on a GAAP basis, Corporate and Other results increased $0.17 per share, compared to the prior-year quarter. On an adjusted basis, Corporate and Other results for the second quarter of 2026 decreased $0.04 per share, compared to the prior-year quarter.

NextEra Energy and Dominion Energy proposed combination
NextEra Energy and Dominion Energy continue to advance their proposed combination. On July 15, the companies filed for merger approval with the Virginia State Corporation Commission, North Carolina Utilities Commission and the Public Service Commission of South Carolina. The Virginia filing initiated the state's statutory six-month review process. The companies also filed for merger approval with the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission. In addition, the companies filed the registration statement on Form S-4 with the Securities and Exchange Commission on July 9, which became effective yesterday. NextEra Energy expects to distribute proxy materials to shareholders in the near future and expects Dominion Energy to do the same. The companies are anticipating both special shareholder meetings will be held in early September. The transaction is expected to close in the second half of 2027, subject to customary closing conditions and approvals. As discussed when the combination was announced on May 18, the combined company is expected to support approximately 11% annual growth in regulatory capital employed through 2032 and 9%+ adjusted earnings per share growth through 2032, with a 9%+ target through 2035, all off a 2025 base.

Outlook
NextEra Energy's long-term financial expectations remain unchanged. NextEra Energy continues to expect 2026 adjusted earnings per share to be in the range of $3.92 to $4.02 and is targeting the high end of that range. NextEra Energy also continues to expect a compound annual growth rate in adjusted earnings per share of 8%+ annually through 2032 and is targeting the same from 2032 through 2035, all off the 2025 base of $3.71 adjusted earnings
2


per share. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through 2026, off a 2024 base, and 6% per year from year-end 2026 through 2028.

Conference call information
As previously announced, NextEra Energy's second-quarter 2026 financial results conference call is scheduled for 9 a.m. ET today. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/FinancialResults. The news release and slides accompanying the presentation may be downloaded at www.NextEraEnergy.com/FinancialResults, beginning at 7:30 a.m. ET today. A replay will be available for 90 days by accessing the link listed above.

NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns the largest energy infrastructure development company in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

###

Adjusted earnings for the periods in this news release exclude the effects of non-qualifying hedges; XPLR Infrastructure, LP net investment gains; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); and merger-related expenses.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release. Adjusted earnings does not represent a substitute for net income, as prepared in accordance with GAAP.

NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, the effects of non-qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments. These items could significantly impact GAAP earnings per share. Adjusted earnings expectations and other forward-looking statements assume, among other things, normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind, solar, and storage development and construction; market demand for generation development and capacity needs; market demand and policy support for transmission development and expansion; market demand for pipeline capacity; access to capital at reasonable cost and terms; rate case outcomes consistent with historical; no adverse litigation decisions; and no changes to governmental policies or incentives. Please see the accompanying cautionary statements for a list of the risk factors that may affect future results.

This news release should be read in conjunction with the attached unaudited financial information.

Cautionary Statements and Risk Factors That May Affect Future Results

This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's and FPL's control. Forward-looking statements in this news release include, among others, statements concerning adjusted earnings per share expectations and future operating performance, statements concerning future dividends and statements concerning growth strategies, capital investment opportunities and technology initiatives. In addition, all statements other than statements of historical fact included or incorporated by reference in this news release, including, among other things, statements regarding the proposed business combination transaction between NextEra Energy and Dominion Energy, Inc., a Virginia corporation (Dominion Energy), and other aspects of NextEra Energy’s or FPL’s operations or operating results, are forward-looking statements. In some cases, you can identify the forward-looking statements by words or phrases such as "ambition," “will,” “may result,” “expect,” “anticipate,” "estimate," “believe,” "budget," “intend,” “plan,” “seek,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would,” “estimate,” “continue,” “could,” “objective,” “guidance,” “effort” or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance, outcomes or results and are subject to numerous risks, uncertainties and other factors, many of which are beyond NextEra Energy's or FPL's control, that could cause actual performance, outcomes or results
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to differ materially from what is expressed or implied in the forward-looking statements, or may require them to limit or eliminate certain operations.

The risks and uncertainties relating to each of NextEra Energy’s and FPL’s businesses and financial condition include, but are not limited to, those discussed in this news release and the following: risks related to the pending merger with Dominion Energy (including restrictions on our operations during the pendency of the merger; the risk that any governmental or regulatory approval, consent or authorization that may be required for the proposed transactions is not obtained, is delayed or is obtained subject to conditions that are not anticipated or that cause the termination of the merger agreement and abandonment of the transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement by either party; the risk that certain provisions in the merger agreement or the pendency of the transactions may impact either party’s ability to pursue certain business opportunities or strategic transactions; the risk that we may not realize the anticipated benefits of the proposed transactions or successfully integrate the two companies; the anticipated impact of the proposed transactions on the combined company’s business and future financial and operating results; and the anticipated closing date for the proposed transactions); effects of extensive regulation of NextEra Energy's and FPL's business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy and FPL; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy of NextEra Energy and FPL and its affiliated entities or changes in or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy and FPL; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of their operations and businesses; effect on NextEra Energy and FPL of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; impacts on NextEra Energy or FPL of allegations of violations of law; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities and other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy and FPL of a lack of growth, slower growth or a decline in the number of customers or in customer usage; planned productivity increases and competitive advantages through the use of artificial intelligence technologies may not be realized and the use of and reliance on artificial intelligence may present certain risks; impact on NextEra Energy and FPL of severe weather and other weather conditions; threats of geopolitical factors, terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy's and FPL's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy and FPL against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted production or unsuccessful drilling efforts could impact NextEra Energy Resources, LLC’s (NextEra Energy Resources) natural gas and oil production operations and cause NextEra Energy Resources to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources' full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's and FPL's risk management tools associated with their hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas by NextEra Energy, including FPL; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; failure of NextEra Energy or FPL counterparties to perform under derivative contracts or of requirement for NextEra Energy or FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's or FPL's information technology systems, or implementation challenges; risks to NextEra Energy and FPL's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability of FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with NextEra Energy Resources’ and FPL's ownership and operation of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources' or FPL's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's and FPL's ability to fund their liquidity and capital needs and meet their growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; reduction of NextEra Energy's and FPL's liquidity from the inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the
4


asset values of NextEra Energy's and FPL's nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends, make distributions or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and its effects on NextEra Energy’s or FPL’s businesses. NextEra Energy and FPL discuss these and other risks and uncertainties in their annual report on Form 10-K for the year ended December 31, 2025 and their subsequently filed quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission (SEC), including the Registration Statement on Form S-4 (File No. 333-297351) filed with the SEC on July 9, 2026 relating to the proposed merger with Dominion Energy.

This news release should be read in conjunction with such SEC filings. Any forward-looking statements included in this news release represent current expectations, are inherently uncertain and are made only as of the date hereof (or, if applicable, the dates indicated in such statement). Except as required by law, neither NextEra Energy or FPL undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise.

No Offer or Solicitation
This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information about the Transactions and Where to Find It
In connection with the proposed transactions, NextEra Energy filed with the SEC the Registration Statement, which includes a preliminary joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a preliminary prospectus of NextEra Energy. The Registration Statement was declared effective by the SEC on July 23, 2026. Each of NextEra Energy and Dominion Energy intends to file with the SEC a definitive joint proxy statement/prospectus. Each of NextEra Energy and Dominion Energy may also file other relevant documents with the SEC regarding the proposed transactions. This communication is not a substitute for the Registration Statement or the definitive joint proxy statement/prospectus or any other document that NextEra Energy or Dominion Energy may file with the SEC. The definitive joint proxy statement/prospectus (if and when available) will be mailed to shareholders of NextEra Energy and Dominion Energy. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY, DOMINION ENERGY, THE PROPOSED TRANSACTIONS AND RELATED MATTERS.

Investors and security holders are able to obtain free copies of the Registration Statement, including the preliminary joint proxy statement/prospectus contained therein. Investors and security holders will be able to obtain free copies of the definitive joint proxy statement/prospectus (if and when available) and other documents containing important information about NextEra Energy, Dominion Energy and the proposed transactions, once such documents are filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by NextEra Energy are available free of charge on NextEra Energy’s website at http://www.investor.nexteraenergy.com/ or by contacting NextEra Energy’s Investor Relations Department by email at investors@nexteraenergy.com or by phone at (800) 222-4511. Copies of the documents filed with the SEC by Dominion Energy are available free of charge on Dominion Energy’s website at http://investors.dominionenergy.com or by contacting Dominion Energy’s Investor Relations Department by email at investor.relations@dominionenergy.com or by phone at (804) 819-2438.

Participants in the Solicitation
NextEra Energy, Dominion Energy and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information about the directors and executive officers of NextEra Energy, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in (i) NextEra Energy’s proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on April 1, 2026, including under the headings “Proposal 1: Election as directors of the nominees specified in this proxy statement,” “Director Compensation,” “Executive Compensation,” and “Common Stock Ownership of Certain Beneficial Owners and Management” (ii) NextEra Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 13, 2026, including under the heading “Item 1. Business—Information About Our Executive Officers” and (iii) to the extent certain holdings of NextEra Energy securities by its directors or executive officers have changed since the amounts set forth in NextEra Energy’s proxy statement for its 2026 annual meeting of shareholders, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4, or Annual Statement of Changes in Beneficial Ownership of Securities on Form 5, filed with the SEC.

Information about the directors and executive officers of Dominion Energy, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in (i) Dominion Energy’s proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on March 19, 2026, including under the headings “Item 1: Election of Directors – Director Nominees,” “Compensation of Non-Employee Directors,” “Executive Compensation” and “Security Ownership of Certain
5


Beneficial Owners and Management,” (ii) Dominion Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 23, 2026, including under the heading “Information about our Executive Officers,” and (iii) to the extent certain holdings of Dominion Energy securities by its directors or executive officers have changed since the amounts set forth in Dominion Energy’s proxy statement for its 2026 annual meeting of shareholders, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4 or Annual Statement of Changes in Beneficial Ownership of Securities on Form 5, filed with the SEC.

Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the definitive joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transactions when such materials become available. Investors should read the definitive joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Copies of the documents filed with the SEC by NextEra Energy and Dominion Energy are available free of charge through the website maintained by the SEC at www.sec.gov. Additionally, copies of documents filed with the SEC by NextEra Energy and Dominion Energy are available free of charge through the sources indicated above.

6


NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Three Months Ended June 30, 2026FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$4,896 $2,532 $106 $7,534 
Operating Expenses
Fuel, purchased power and interchange1,079 295 — 1,374 
Other operations and maintenance424 877 158 1,459 
Merger-related expenses— — 32 32 
Depreciation and amortization1,029 712 16 1,757 
Taxes other than income taxes and other – net543 124 — 667 
Total operating expenses – net3,075 2,008 206 5,289 
Gains (Losses) on Disposal of Businesses/Assets – Net(5)(3)(7)
Operating Income (Loss)1,822 519 (103)2,238 
Other Income (Deductions)
Interest expense(349)(333)195 (487)
Equity in earnings (losses) of equity method investees— 333 — 333 
Allowance for equity funds used during construction58 — 59 
Gains (Losses) on disposal of investments and other property – net— 104 (1)103 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning
funds – net
— 190 — 190 
Other net periodic benefit income— — 23 23 
Other – net45 32 79 
Total other income (deductions) – net(289)340 249 300 
Income (Loss) before Income Taxes1,533 859 146 2,538 
Income Tax Expense (Benefit)121 (253)48 (84)
Net Income (Loss)1,412 1,112 98 2,622 
Net Loss Attributable to Noncontrolling Interests— 522 — 522 
Net Income (Loss) Attributable to NextEra Energy, Inc.$1,412 $1,634 $98 $3,144 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$1,412 $1,634 $98 $3,144 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (292)(570)(862)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (192)— (192)
XPLR Infrastructure, LP investment gains – net— — 
Merger-related expenses— — 32 32 
Less related income tax expense (benefit)(c)
— 132 144 276 
Adjusted Earnings (Loss)$1,412 $1,291 $(296)$2,407 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$0.67 $0.78 $0.05 $1.50 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (0.14)(0.27)(0.41)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (0.09)— (0.09)
XPLR Infrastructure, LP investment gains – net— — — — 
Merger-related expenses— — 0.02 0.02 
Less related income tax expense (benefit)(c)
— 0.07 0.06 0.13 
Adjusted Earnings (Loss) Per Share$0.67 $0.62 $(0.14)$1.15 
Weighted-average shares outstanding (assuming dilution)2,093 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact is as follows:NEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$(215)$(0.10)$(425)$(0.20)$(640)$(0.30)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net$(134)$(0.06)$— $— $(134)$(0.06)
XPLR Infrastructure, LP investment gains – net$$— $— $— $$— 
Merger-related expenses$— $— $31 $0.01 $31 $0.01 
(c)Includes the effects of rounding.

7


NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Three Months Ended June 30, 2025FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$4,708 $1,914 $78 $6,700 
Operating Expenses
Fuel, purchased power and interchange946 238 — 1,184 
Other operations and maintenance442 656 122 1,220 
Merger-related expenses— — — — 
Depreciation and amortization1,080 677 16 1,773 
Taxes other than income taxes and other – net523 106 630 
Total operating expenses – net2,991 1,677 139 4,807 
Gains (Losses) on Disposal of Businesses/Assets – Net— 23 (5)18 
Operating Income (Loss)1,717 260 (66)1,911 
Other Income (Deductions)
Interest expense(326)(413)(321)(1,060)
Equity in earnings (losses) of equity method investees— 177 — 177 
Allowance for equity funds used during construction40 — 44 
Gains (Losses) on disposal of investments and other property – net— 103 — 103 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning
funds – net
— 70 — 70 
Other net periodic benefit income— — 67 67 
Other – net41 22 71 
Total other income (deductions) – net(278)(18)(232)(528)
Income (Loss) before Income Taxes1,439 242 (298)1,383 
Income Tax Expense (Benefit)164 (352)(68)(256)
Net Income (Loss)1,275 594 (230)1,639 
Net Loss Attributable to Noncontrolling Interests— 389 — 389 
Net Income (Loss) Attributable to NextEra Energy, Inc.$1,275 $983 $(230)$2,028 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$1,275 $983 $(230)$2,028 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 215 36 251 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (75)— (75)
XPLR Infrastructure, LP investment gains – net— — 
Merger-related expenses— — — — 
Less related income tax expense (benefit)(c)
— (34)(8)(42)
Adjusted Earnings (Loss)$1,275 $1,091 $(202)$2,164 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$0.62 $0.48 $(0.12)$0.98 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 0.10 0.02 0.12 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (0.03)— (0.03)
XPLR Infrastructure, LP investment gains – net— — — — 
Merger-related expenses— — — — 
Less related income tax expense (benefit)(c)
— (0.02)— (0.02)
Adjusted Earnings (Loss) Per Share$0.62 $0.53 $(0.10)$1.05 
Weighted-average shares outstanding (assuming dilution)2,061 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact is as follows:NEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$161 $0.07 $28 $0.02 $189 $0.09 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net$(54)$(0.02)$— $— $(54)$(0.02)
XPLR Infrastructure, LP investment gains – net$$— $— $— $$— 
Merger-related expenses$— $— $— $— $— $— 
(c)Includes the effects of rounding.
8



NextEra Energy, Inc.
Condensed Consolidated Statements of Income

(millions, except per share amounts)
(unaudited)
Preliminary
Six Months Ended June 30, 2026FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$9,167 $4,844 $224 $14,235 
Operating Expenses
Fuel, purchased power and interchange2,071 632 — 2,703 
Other operations and maintenance803 1,747 331 2,881 
Merger-related expenses— — 32 32 
Depreciation and amortization1,694 1,403 31 3,128 
Taxes other than income taxes and other – net1,048 244 1,295 
Total operating expenses – net5,616 4,026 397 10,039 
Gains (Losses) on Disposal of Businesses/Assets – Net258 (9)250 
Operating Income (Loss)3,552 1,076 (182)4,446 
Other Income (Deductions)
Interest expense(687)(834)(253)(1,774)
Equity in earnings (losses) of equity method investees— 503 504 
Allowance for equity funds used during construction108 — 112 
Gains (Losses) on disposal of investments and other property – net— 103 — 103 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning
funds – net
— 130 — 130 
Other net periodic benefit income— — 94 94 
Other – net54 63 121 
Total other income (deductions) – net(575)(40)(95)(710)
Income (Loss) before Income Taxes2,977 1,036 (277)3,736 
Income Tax Expense (Benefit)103 (600)(76)(573)
Net Income (Loss)2,874 1,636 (201)4,309 
Net Loss Attributable to Noncontrolling Interests— 1,017 — 1,017 
Net Income (Loss) Attributable to NextEra Energy, Inc.$2,874 $2,653 $(201)$5,326 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$2,874 $2,653 $(201)$5,326 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (327)(471)(798)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (132)— (132)
XPLR Infrastructure, LP investment gains – net— 18 — 18 
Merger-related expenses— — 32 32 
Less related income tax expense (benefit)(c)
— 117 119 236 
Adjusted Earnings (Loss)$2,874 $2,329 $(521)$4,682 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$1.37 $1.27 $(0.10)$2.54 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (0.16)(0.22)(0.38)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (0.06)— (0.06)
XPLR Infrastructure, LP investment gains – net— 0.01 — 0.01 
Merger-related expenses— — 0.02 0.02 
Less related income tax expense (benefit)(c)
— 0.05 0.06 0.11 
Adjusted Earnings (Loss) Per Share$1.37 $1.11 $(0.24)$2.24 
Weighted-average shares outstanding (assuming dilution)2,093 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact is as follows:NEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$(245)$(0.13)$(351)$(0.15)$(596)$(0.28)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net$(92)$(0.04)$— $— $(92)$(0.04)
XPLR Infrastructure, LP investment gains – net$13 $0.01 $— $— $13 $0.01 
Merger-related expenses$— $— $31 $0.01 $31 $0.01 
(c)Includes the effects of rounding.

9


NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Six Months Ended June 30, 2025FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$8,705 $4,076 $166 $12,947 
Operating Expenses
Fuel, purchased power and interchange1,881 467 — 2,348 
Other operations and maintenance822 1,315 256 2,393 
Merger-related expenses— — — — 
Depreciation and amortization1,488 1,349 31 2,868 
Taxes other than income taxes and other – net999 223 1,225 
Total operating expenses – net5,190 3,354 290 8,834 
Gains (Losses) on Disposal of Businesses/Assets – Net63 (10)54 
Operating Income (Loss)3,516 785 (134)4,167 
Other Income (Deductions)
Interest expense(644)(961)(1,229)(2,834)
Equity in earnings (losses) of equity method investees— (469)— (469)
Allowance for equity funds used during construction77 — 82 
Gains (Losses) on disposal of investments and other property – net— 101 — 101 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning
funds – net
— — 
Other net periodic benefit income— — 134 134 
Other – net21 66 57 144 
Total other income (deductions) – net(546)(1,256)(1,038)(2,840)
Income (Loss) before Income Taxes2,970 (471)(1,172)1,327 
Income Tax Expense (Benefit)379 (868)(288)(777)
Net Income (Loss)2,591 397 (884)2,104 
Net Loss Attributable to Noncontrolling Interests— 758 — 758 
Net Income (Loss) Attributable to NextEra Energy, Inc.$2,591 $1,155 $(884)$2,862 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$2,591 $1,155 $(884)$2,862 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 277 663 940 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— (7)— (7)
XPLR Infrastructure, LP investment gains – net— 858 — 858 
Merger-related expenses— — — — 
Less related income tax expense (benefit)(c)
— (284)(168)(452)
Adjusted Earnings (Loss)$2,591 $1,999 $(389)$4,201 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$1.26 $0.56 $(0.43)$1.39 
Adjustments – Pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 0.13 0.33 0.46 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning
funds and OTTI – net
— — — — 
XPLR Infrastructure, LP investment gains – net— 0.42 — 0.42 
Merger-related expenses— — — — 
Less related income tax expense (benefit)(c)
— (0.14)(0.09)(0.23)
Adjusted Earnings (Loss) Per Share$1.26 $0.97 $(0.19)$2.04 
Weighted-average shares outstanding (assuming dilution)2,061 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact is as follows:NEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$206 $0.10 $495 $0.24 $701 $0.34 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net$(5)$— $— $— $(5)$— 
XPLR Infrastructure, LP investment gains – net$643 $0.31 $— $— $643 $0.31 
Merger-related expenses$— $— $— $— $— $— 
(c)Includes the effects of rounding.

10


NextEra Energy, Inc.
Condensed Consolidated Balance Sheets
(millions)
(unaudited)
Preliminary
June 30, 2026FPLNEER
Corporate
and
Other(a)
NextEra Energy
ASSETS
Current assets:
Cash and cash equivalents$89 $2,026 $751 $2,866 
Customer receivables, net of allowances2,016 2,691 4,708 
Other receivables381 1,035 765 2,181 
Materials, supplies and fuel inventory1,419 1,176 21 2,616 
Regulatory assets324 25 — 349 
Derivatives28 1,268 56 1,352 
Other241 999 155 1,395 
Total current assets4,498 9,220 1,749 15,467 
Other assets:
Property, plant and equipment – net85,930 84,365 157 170,452 
Special use funds8,150 3,528 — 11,678 
Investment in equity method investees— 5,951 20 5,971 
Prepaid benefit costs2,104 793 2,902 
Regulatory assets7,154 169 13 7,336 
Derivatives1,878 166 2,045 
Goodwill2,965 2,175 12 5,152 
Other860 9,407 1,537 11,804 
Total other assets107,164 107,478 2,698 217,340 
TOTAL ASSETS$111,662 $116,698 $4,447 $232,807 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities:
Commercial paper$86 $— $1,650 $1,736 
Other short-term debt— 608 3,650 4,258 
Current portion of long-term debt328 1,055 4,030 5,413 
Accounts payable1,150 5,322 86 6,558 
Customer deposits1,137 44 — 1,181 
Accrued interest and taxes1,131 485 235 1,851 
Derivatives34 867 133 1,034 
Accrued construction-related expenditures851 2,496 3,348 
Regulatory liabilities381 17 — 398 
Other618 1,644 935 3,197 
Total current liabilities5,716 12,538 10,720 28,974 
Other liabilities and deferred credits:
Long-term debt30,188 16,914 51,688 98,790 
Asset retirement obligations2,210 1,584 — 3,794 
Deferred income taxes10,461 4,769 (1,865)13,365 
Regulatory liabilities12,951 165 13,118 
Derivatives36 1,547 149 1,732 
Other340 3,213 1,322 4,875 
Total other liabilities and deferred credits56,186 28,192 51,296 135,674 
TOTAL LIABILITIES61,902 40,730 62,016 164,648 
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS— 64 — 64 
EQUITY
Common stock1,373 — (1,352)21 
Additional paid-in capital26,866 32,988 (40,529)19,325 
Retained earnings21,521 32,042 (15,735)37,828 
Accumulated other comprehensive income (loss)— (95)47 (48)
Total common shareholders' equity49,760 64,935 (57,569)57,126 
Noncontrolling interests— 10,969 — 10,969 
TOTAL EQUITY49,760 75,904 (57,569)68,095 
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY$111,662 $116,698 $4,447 $232,807 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.

11


NextEra Energy, Inc.
Condensed Consolidated Balance Sheets
(millions)
(unaudited)
Preliminary
December 31, 2025FPLNEER
Corporate
and
Other(a)
NextEra Energy
ASSETS
Current assets:
Cash and cash equivalents$42 $1,760 $1,010 $2,812 
Customer receivables, net of allowances1,667 2,337 14 4,018 
Other receivables413 979 341 1,733 
Materials, supplies and fuel inventory1,373 1,025 22 2,420 
Regulatory assets401 32 — 433 
Derivatives39 931 27 997 
Other216 782 173 1,171 
Total current assets4,151 7,846 1,587 13,584 
Other assets:
Property, plant and equipment – net81,755 74,287 155 156,197 
Special use funds7,684 3,270 — 10,954 
Investment in equity method investees— 5,509 19 5,528 
Prepaid benefit costs2,072 791 2,868 
Regulatory assets5,405 222 12 5,639 
Derivatives1,838 159 1,998 
Goodwill2,965 1,873 11 4,849 
Other1,125 8,678 1,301 11,104 
Total other assets101,007 95,682 2,448 199,137 
TOTAL ASSETS$105,158 $103,528 $4,035 $212,721 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities:
Commercial paper$1,130 $— $825 $1,955 
Other short-term debt— 608 — 608 
Current portion of long-term debt641 925 1,934 3,500 
Accounts payable1,084 6,498 7,583 
Customer deposits685 24 — 709 
Accrued interest and taxes470 341 374 1,185 
Derivatives15 802 296 1,113 
Accrued construction-related expenditures1,153 1,809 2,966 
Regulatory liabilities344 12 — 356 
Other672 1,552 618 2,842 
Total current liabilities6,194 12,571 4,052 22,817 
Other liabilities and deferred credits:
Long-term debt28,041 17,523 43,992 89,556 
Asset retirement obligations2,158 1,511 — 3,669 
Deferred income taxes10,156 4,155 (1,952)12,359 
Regulatory liabilities11,280 193 11,474 
Derivatives1,949 198 2,148 
Other342 2,903 974 4,219 
Total other liabilities and deferred credits51,978 28,234 43,213 123,425 
TOTAL LIABILITIES58,172 40,805 47,265 146,242 
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS— — — — 
EQUITY
Common stock1,373 — (1,352)21 
Additional paid-in capital26,866 21,536 (28,908)19,494 
Retained earnings18,747 29,389 (13,034)35,102 
Accumulated other comprehensive income (loss)— (73)64 (9)
Total common shareholders' equity46,986 50,852 (43,230)54,608 
Noncontrolling interests— 11,871 — 11,871 
TOTAL EQUITY46,986 62,723 (43,230)66,479 
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY$105,158 $103,528 $4,035 $212,721 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
12


NextEra Energy, Inc.
Condensed Consolidated Statements of Cash Flows
(millions)
(unaudited)
Preliminary
Six Months Ended June 30, 2026FPLNEER
Corporate and
Other(a)
NextEra Energy
Cash Flows From Operating Activities
Net income (loss)$2,874 $1,636 $(201)$4,309 
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization1,694 1,403 31 3,128 
Nuclear fuel and other amortization80 111 19 210 
Unrealized losses (gains) on marked to market derivative contracts – net— (422)(250)(672)
Foreign currency transaction losses (gains)— (286)(285)
Deferred income taxes20 450 149 619 
Cost recovery clauses and franchise fees(7)— — (7)
Equity in losses (earnings) of equity method investees— (503)(1)(504)
Distributions of earnings from equity method investees— 213 — 213 
Losses (gains) on disposal of businesses, assets and investments – net(1)(361)(353)
Recoverable storm-related costs(19)— — (19)
Other – net21 116 125 262 
Changes in operating assets and liabilities:
Current assets(342)(201)(315)(858)
Noncurrent assets(85)(50)(87)(222)
Current liabilities1,144 (94)173 1,223 
Noncurrent liabilities15 208 232 
Net cash provided by (used in) operating activities
5,388 2,314 (426)7,276 
Cash Flows From Investing Activities
Capital expenditures of FPL(5,780)— — (5,780)
Independent power and other investments of NEER— (13,338)— (13,338)
Nuclear fuel purchases(152)(111)— (263)
Other capital expenditures— — (8)(8)
Sale of independent power and other investments of NEER— 448 — 448 
Proceeds from sale or maturity of securities in special use funds and other investments1,955 1,042 255 3,252 
Purchases of securities in special use funds and other investments(2,082)(878)(522)(3,482)
Other – net39 52 (33)58 
Net cash used in investing activities(6,020)(12,785)(308)(19,113)
Cash Flows From Financing Activities
Issuances of long-term debt, including premiums and discounts2,502 1,300 11,764 15,566 
Retirements of long-term debt(648)(1,784)(1,600)(4,032)
Net change in commercial paper(1,044)— 825 (219)
Proceeds from other short-term debt— — 3,650 3,650 
Repayments of other short-term debt— — — — 
Cash swept from (repayments to) related parties – net— 13 — 13 
Issuances of common stock/equity units— — 31 31 
Dividends on common stock— — (2,599)(2,599)
Dividends & capital distributions from (to) parent – net(100)11,484 (11,384)— 
Other – net(35)(106)(212)(353)
Net cash provided by financing activities
675 10,907 475 12,057 
Effects of currency translation on cash, cash equivalents and restricted cash (4) (4)
Net increase (decrease) in cash, cash equivalents and restricted cash43 432 (259)216 
Cash, cash equivalents and restricted cash at beginning of period88 1,901 1,017 3,006 
Cash, cash equivalents and restricted cash at end of period$131 $2,333 $758 $3,222 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.

13


NextEra Energy, Inc.
Condensed Consolidated Statements of Cash Flows
(millions)
(unaudited)
Preliminary
Six Months Ended June 30, 2025FPLNEER
Corporate and
Other(a)
NextEra Energy
Cash Flows From Operating Activities
Net income (loss)$2,591 $397 $(884)$2,104 
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization1,488 1,349 31 2,868 
Nuclear fuel and other amortization74 73 18 165 
Unrealized losses (gains) on marked to market derivative contracts – net— 326 677 1,003 
Foreign currency transaction losses (gains)— 55 56 
Deferred income taxes141 (358)(295)(512)
Cost recovery clauses and franchise fees(159)— — (159)
Equity in losses (earnings) of equity method investees— 469 — 469 
Distributions of earnings from equity method investees— 181 — 181 
Losses (gains) on disposal of businesses, assets and investments – net(1)(164)10 (155)
Recoverable storm-related costs(346)— — (346)
Other – net17 118 95 230 
Changes in operating assets and liabilities:
Current assets(461)(46)(501)
Noncurrent assets(83)(50)(50)(183)
Current liabilities587 (306)240 521 
Noncurrent liabilities(7)21 203 217 
Net cash provided by (used in) operating activities
3,841 2,011 106 5,958 
Cash Flows From Investing Activities
Capital expenditures of FPL(4,285)— — (4,285)
Independent power and other investments of NEER— (9,056)— (9,056)
Nuclear fuel purchases(98)(181)— (279)
Other capital expenditures— — (6)(6)
Sale of independent power and other investments of NEER— 309 — 309 
Proceeds from sale or maturity of securities in special use funds and other investments1,720 874 216 2,810 
Purchases of securities in special use funds and other investments(1,810)(779)(471)(3,060)
Other – net35 26 (39)22 
Net cash used in investing activities(4,438)(8,807)(300)(13,545)
Cash Flows From Financing Activities
Issuances of long-term debt, including premiums and discounts1,996 662 10,338 12,996 
Retirements of long-term debt(1,122)(530)(3,508)(5,160)
Net change in commercial paper(103)— 2,460 2,357 
Proceeds from other short-term debt— — 1,400 1,400 
Repayments of other short-term debt— — (850)(850)
Cash swept from (repayments to) related parties – net— (129)— (129)
Issuances of common stock/equity units— — 22 22 
Dividends on common stock— — (2,332)(2,332)
Dividends & capital distributions from (to) parent – net(100)7,325 (7,225)— 
Other – net(36)(9)(99)(144)
Net cash provided by financing activities
635 7,319 206 8,160 
Effects of currency translation on cash, cash equivalents and restricted cash 7  7 
Net increase (decrease) in cash, cash equivalents and restricted cash38 530 12 580 
Cash, cash equivalents and restricted cash at beginning of period133 1,008 261 1,402 
Cash, cash equivalents and restricted cash at end of period$171 $1,538 $273 $1,982 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.

14


NextEra Energy, Inc.
Earnings Per Share Contributions
(assuming dilution)
(unaudited)
Preliminary
First
Quarter
Second
Quarter
Year-To-Date
2025 Earnings Per Share Attributable to NextEra Energy, Inc.$0.40 $0.98 $1.39 
FPL – 2025 Earnings Per Share
$0.64 $0.62 $1.26 
New investment growth0.04 0.05 0.09 
Other and share dilution0.02 — 0.02 
FPL – 2026 Earnings Per Share
$0.70 $0.67 $1.37 
NEER – 2025 Earnings Per Share Attributable to NextEra Energy, Inc.
$0.08 $0.48 $0.56 
New investments0.04 0.09 0.13 
Existing clean energy0.01 (0.01)— 
NextEra Energy Transmission0.05 — 0.05 
Customer supply(0.04)(0.03)(0.07)
Non-qualifying hedges impact0.04 0.17 0.23 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— 0.04 0.04 
XPLR Infrastructure, LP investment gains – net0.31 — 0.30 
Other, including financing costs, corporate general and administrative expenses, asset recycling, state taxes, other investment income and share dilution— 0.04 0.03 
NEER – 2026 Earnings Per Share Attributable to NextEra Energy, Inc.
$0.49 $0.78 $1.27 
Corporate and Other – 2025 Loss Per Share
$(0.32)$(0.12)$(0.43)
Non-qualifying hedges impact0.19 0.22 0.39 
Merger-related expenses— (0.01)(0.01)
Other, including interest expense and share dilution(0.02)(0.04)(0.05)
Corporate and Other – 2026 Loss Per Share
$(0.15)$0.05 $(0.10)
2026 Earnings Per Share Attributable to NextEra Energy, Inc.
$1.04 $1.50 $2.54 
Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
The sum of the quarterly amounts may not equal the total for the year due to rounding.

15

Filing Exhibits & Attachments

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