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

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 by unfavorable non-qualifying hedge activity and lower gas infrastructure earnings. The company continued its renewable energy expansion with significant investments in new wind, solar and battery storage projects. Management remains focused on executing its clean energy strategy while maintaining financial strength, with approximately $13.6 billion in total net available liquidity at quarter-end.