NextEra Energy, Inc. has released its financial results for the first quarter of 2025, reporting a net income attributable to the company of $833 million, or $0.40 per share, according to GAAP. This is a decrease from $2.268 billion, or $1.10 per share, during the same period in 2024. On an adjusted basis, earnings for the first quarter were $2.038 billion, or $0.99 per share, an increase from $1.873 billion, or $0.91 per share, a year prior.
John Ketchum, chairman, president, and CEO of NextEra Energy, remarked that the company had a robust start to the year, with adjusted earnings per share rising nearly 9% year-over-year, driven by strong financial and operational performance. He highlighted that FPL continued to enhance customer value by submitting a four-year rate plan focused on smart, customer-centric investments aimed at maintaining high reliability and low bills.
In response to strong U.S. economic demand, NextEra Energy Resources added approximately 3.2 GW of new renewable energy and storage to its backlog. The company anticipates meeting or exceeding its adjusted earnings per share targets through 2027 while upholding a strong balance sheet and credit ratings.
FPL reported a net income of $1.316 billion ($0.64 per share) for the first quarter of 2025, up from $1.172 billion ($0.57 per share) the previous year, driven by ongoing business investment. Capital expenditures for the quarter amounted to about $2.4 billion, with full-year investments projected to be between $8 billion and $8.8 billion. Regulatory capital employed increased by roughly 8.1% year-over-year.
FPL continues to prioritize efficient operations and delivering value to customers through smart capital investments, cost leadership, high reliability, and low bills. In the first quarter, FPL added 894 megawatts of cost-effective solar energy, expanding its total solar portfolio to over 7.9 gigawatts, making it the largest utility-owned solar portfolio in the U.S.
In February, FPL submitted a four-year rate proposal to the Florida Public Service Commission (PSC) for the period 2026–2029, designed to maintain reliable electricity, excellent customer service, and diversify generation. The proposal includes base rate adjustments totaling $1.545 billion in 2026 and $927 million in 2027, along with a Solar & Battery Base Rate Adjustment for 2028 and 2029. FPL expects typical residential bills to rise by about 2.5% annually, remaining 25% below the national average.
In April, FPL submitted its Ten-Year Site Plan, which outlines the need for over 17 GW of solar generation and 7.6 GW of battery storage over the next decade, aiming to increase solar’s share of total generation from 9% in 2024 to 35% by 2034.
Source: NextEra Energy
