NextEra Energy (NEE) is reaffirming its adjusted earnings per share expectations for 2024, 2025 and 2026
NextEra Energy (NYSE: NEE) disclosed:
On June 11, 2024, at NextEra Energy, Inc.'s (NEE) 2024 Investor Conference in New York, NY, members of NEE's senior management team plan to discuss, among other things, that NEE is reaffirming its adjusted earnings per share expectations for 2024, 2025 and 2026, and introducing its adjusted earnings per share expectations for 2027. NEE continues to expect adjusted earnings per share for 2024, 2025 and 2026 to be in the range of $3.23 to $3.43, $3.45 to $3.70 and $3.63 to $4.00, respectively, and now expects 2027 adjusted earnings per share to be in the range of $3.85 to $4.32.
The adjusted earnings expectations exclude the cumulative effect of adopting new accounting standards, the effects of non-qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments, none of which can be determined at this time. Adjusted earnings expectations also exclude the effects of NextEra Energy Partners, LP net investment gains and differential membership interests-related. In addition, adjusted earnings expectations assume, among other things: normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind and solar development and construction; market demand and transmission expansion to support wind and solar development; market demand for pipeline capacity; access to capital at reasonable cost and terms; divestitures to NextEra Energy Partners, LP; no adverse litigation decisions; and no changes to governmental policies or incentives. Please see the accompanying cautionary statements for a list of the risk factors that may affect future results. Expected adjusted earnings amounts cannot be reconciled to expected net income because net income includes the effect of certain items which cannot be determined at this time. NEE's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NEE also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors.