NextEra Energy reports Q3 2026: adjusted EPS $1.24, +9.7% y/y; maintains 2026 guidance and targets high end

Q3 2026 adjusted EPS of $1.24 beat Q3 2025's $1.13 by $0.11, or +9.7% y/y; FPL contributed $0.77, NEER $0.59, and Corporate and Other ($0.12).

2026 full-year adjusted EPS guidance range of $3.92-$4.02 was maintained, with the company explicitly targeting the high end of the range; midpoint of $3.97 implies ~7.0% growth off the 2025 base of $3.71.

Long-term growth targets unchanged: 8%+ adjusted EPS CAGR through 2032 and 8%+ from 2032 through 2035, all off the 2025 base of $3.71; dividend growth expected at ~10% per year through 2026 (off 2024 base) and ~6% per year from year-end 2026 through 2028.

FPL Q3 2026 net income of $1.62 billion ($0.77/share) vs. $1.463 billion ($0.71/share) in Q3 2025; FPL Q3 capex of approximately $2.4 billion and full-year 2026 capital investments expected at approximately $12 billion (up from $9.3-$9.8B FY2025 guidance).

NEER Q3 2026 GAAP net income attributable to NEE of $1.491 billion ($0.71/share) vs. $1.275 billion ($0.62/share) prior year; adjusted EPS $0.59 vs. $0.53; backlog grew to approximately 36.7 GW after adding 3.7 GW of renewables and storage in Q3 (2.4 GW of which was battery storage).

NextEra Energy-Dominion Energy pending combination: shareholders of both companies approved the transaction on September 3, 2026; Virginia and South Carolina hearings scheduled for November and December 2026, North Carolina expert witness hearings beginning February 2027; companies continue to expect a second-half 2027 close.

Duane Arnold nuclear restart: NextEra Energy Resources closed a U.S. Department of Energy loan of up to $1.9 billion during the quarter to support the recommissioning, with re-entry into service targeted no later than Q1 2029; a 20-year ~1 GW PPA was executed for the Point Beach nuclear asset, fully contracting output into the 2050s.