𝐍𝐞𝐱𝐭𝐄𝐫𝐚 𝐄𝐧𝐞𝐫𝐠𝐲 𝐐𝟑 𝐀𝐝𝐣 𝐄𝐏𝐒 𝐁𝐞𝐚𝐭𝐬 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬 𝐚𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐬 𝐁

⠀

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Adj. EPS: $1.24 (Est. $1.19) ✅, +9.7% YoY.

• GAAP EPS: $2.28 (vs. $1.18 YoY).

• FPL EPS Contribution: $0.77 (vs. $0.71 YoY).

• Energy Resources Adj. EPS Contribution: $0.59 (vs. $0.53 YoY).

• Energy Resources Adj. Net Income: $1.25B, +13% YoY.

• FPL Retail Rate Base: $81.1B, +9.2% YoY.

• Energy Resources Backlog: ~36.7 GW.

⠀

🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• FY2026 Adj. EPS: $3.92–$4.02, targeting the upper end (Est. $4.02).

• Long-Term Adj. EPS Growth: Targeting 8%+ CAGR through 2035 from the 2025 base of $3.71.

• 2026–2032 Energy Resources Development Expectations: 76.6–107.6 GW across generation and storage.

⠀

📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Q3 Adj. EPS beat consensus by ~4.2%, supported by growth at FPL and Energy Resources.

• Energy Resources added 3.7 GW to its backlog, including 2.4 GW of battery storage, 0.6 GW of solar and 0.7 GW of wind.

• Total Energy Resources backlog reached ~36.7 GW, with battery storage accounting for the majority of new additions.

• FPL's retail rate base expanded ~9.2% to $81.1B, supported by continued infrastructure investment.

• Florida retail electricity sales grew 2.8% YoY, including 1.4% customer growth and 1.4% weather-related usage growth.

• Energy Resources adjusted earnings increased ~13% YoY, driven by new generation and storage investments.

• NextEra continues targeting 8%+ long-term adjusted EPS growth through 2035.

𝐍𝐞𝐱𝐭𝐄𝐫𝐚 𝐄𝐧𝐞𝐫𝐠𝐲: 𝐐𝟑 𝐀𝐝𝐣. 𝐄𝐏𝐒 𝐁𝐞𝐚𝐭𝐬 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬 𝐚𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐬 𝐁