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NEE · NYSE

NextEra Energy Inc.

Utilities - Regulated Electric · United States

USD 85.99-0.3% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$180.35B
Trailing P/E
15.49x
Forward P/E
19.65x
Quarterly revenue growth
1.6%
Trailing net margin
40.4%
Indicated dividend yield
2.9%

Snapshot 2026-11-11 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2027-01-27 (provider estimate; issuer confirmation unavailable here).

Company background

NextEra Energy, Inc., through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company (FPL) and NEER segments. The company generates electricity from wind, solar, nuclear, natural gas, and other clean energy assets. It also invests in generation, storage, transmission, and distribution facilities; owns, develops, constructs, manages, and operates generation facilities, including renewables, nuclear and natural gas, and battery storage facilities in the wholesale energy market in the United States and Canada, as well as electric and gas transmission assets, and natural gas pipelines; provides full energy and capacity requirement services; markets and trades in energy-related commodities; and participates in the production of natural gas, natural gas liquids, and oil. As of December 31, 2025, the company had approximately 35,963 megawatts of net generating capacity; approximately 93,000 circuit miles of transmission and distribution lines; and 932 substations. It serves approximately 12 million people through approximately 6 million customer accounts on the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.

Company website

Q3 2026

Go beyond the headline.

NEE Stock: Earnings Surge, But Who Funds the Growth? | Q3 2026

Published 2026-10-21

Q3 2026 REPORT HIGHLIGHTS

What’s changed for NEE

Adjusted EPS rose 9.7%, but expanding project investment and the Dominion combination make funding terms central to NextEra Energy’s value.

  1. Operating growth is healthy.

    FPL earned $1.620B and NEER adjusted earnings reached $1.247B; corporate adjusted loss was $275M.

  2. GAAP growth overstates the operating acceleration.

    $2.246B of after-tax non-qualifying hedge gains were removed in the adjusted reconciliation.

  3. The investment bill is expanding.

    Nine-month broad project deployment was $27.554B versus $12.322B operating cash flow; the difference precedes dividends.

  4. Dominion is still a pending combination.

    Shareholders approved it, but state and federal reviews continue and closing is expected in the second half of 2027.

  5. Price leaves little room for error.

    Our $80 base and $80 weighted value sit close to the dated $78.86 pre-release close; the scenario range is $60–$100.

Comparable businesses

NEE peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricNEENextEra Energy, Inc.Snapshot 2026-11-11Financial period: 2026-09-30SOThe Southern CompanySnapshot 2026-11-11Financial period: 2026-09-30DUKDuke Energy CorporationSnapshot 2026-11-11Financial period: 2026-09-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$180.35BUS$109.25BUS$100.40BUS$104.83Bn=2
Forward P/EProvider forward earnings estimate19.65x19.02x17.97x18.49xn=2
EV / EBITDAEnterprise value / trailing EBITDA22.55x12.60x11.76x12.18xn=2
Revenue growthLatest quarter vs prior-year quarter1.6%13.0%6.6%9.8%n=2
Operating marginLatest reported quarter30.0%27.4%27.8%27.6%n=2
Free cash flow yieldTrailing cash flow / market cap-11.8%-4.7%-6.0%-5.3%n=2
Net debt / EBITDANet debt / trailing EBITDA8.09x5.01x5.57x5.29xn=2
Debt / equityTotal debt / positive book equity1.53x1.68x1.63x1.66xn=2
Trailing P/ETrailing twelve-month earnings15.49x21.42x18.88x20.15xn=2
Price / bookPrice / positive book equity per share2.93x2.60x1.85x2.22xn=2
EV / salesEnterprise value / trailing revenue10.48x5.95x5.90x5.93xn=2
Earnings growthLatest quarter vs prior-year quarter93.2%14.3%10.0%12.1%n=2
Gross marginTrailing twelve months60.2%48.5%52.6%50.6%n=2
Net marginTrailing twelve months40.4%16.0%16.2%16.1%n=2
Return on equityProvider trailing return; positive equity only14.1%11.9%10.1%11.0%n=2
Free cash flow marginTrailing free cash flow / revenue-73.6%-16.3%-18.1%-17.2%n=2
Dividend yieldIndicated annual dividend / price2.9%3.2%3.4%3.3%n=2
Earnings payoutProvider trailing dividend payout43.9%68.5%62.8%65.6%n=2
Current ratioCurrent assets / current liabilities0.53x0.84x0.68x0.76xn=2
BetaProvider historical market sensitivity0.600.290.310.30n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for NEE

All available reporting periods
Q3 20262026-10-21
Q2 20262026-07-24
Deep Dive2026-04-24
Q1 20262026-04-24

NEE Q1 2026 earnings analysis

Presentation · 2026-04-24 · YouTube

Q4 20252026-04-13

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.