Summary by Moomoo AI
NextEra Energy reported Q2 2024 net income of $1.62 billion ($0.79 per share), down from $2.80 billion ($1.38 per share) in Q2 2023. The decline was primarily driven by lower results at NEER and unfavorable non-qualifying hedge activity, partially offset by improved performance at FPL. Total operating revenues decreased to $6.07 billion from $7.35 billion in the prior year quarter.Florida Power & Light Company (FPL) delivered strong results with net income rising to $1.23 billion from $1.15 billion, driven by continued investments in plant service and property. FPL's average rate base grew by approximately $6.6 billion compared to Q2 2023, reflecting solar generation additions and ongoing transmission and distribution expansions. The utility maintained an 11.80% regulatory ROE on its retail rate base.NextEra Energy Resources (NEER) saw earnings decline to $552 million from $1.46 billion, impacted...Show More
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