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NextEra Energy — Oct 23, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000753308-24-000055
Open on SEC.gov ↗
Showing in the filing
Dividends per share growth rate
“roughly 10% rate per year”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 7
Capital investments for FY2024
“between $8 billion and $8.8 billion”
FPL full-year capital investments for FY2024
“between $8 billion and $8.8 billion”
Adjusted earnings per share for FY2024
“$3.23 to $3.43”
Adjusted earnings per share for FY2025
“$3.45 to $3.70”
Adjusted earnings per share for FY2026
“$3.63 to $4.00”
Adjusted earnings per share for FY2027
“$3.85 to $4.32”
Dividends per share growth rate for FY2026
“roughly 10% rate per year”
Exhibit 99.1 · full document
Exhibit 99 NextEra Energy, Inc. Media Line: 561-694-4442 Oct. 23, 2024 FOR IMMEDIATE RELEASE NextEra Energy reports third-quarter 2024 financial results • NextEra Energy delivers strong third-quarter 2024 results • FPL grows regulatory capital employed by approximately 9.5% year-over-year • NextEra Energy Resources adds approximately 3 gigawatts of new renewables and storage projects to its backlog and enters into incremental framework agreements with two Fortune 50 companies JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2024 third-quarter net income attributable to NextEra Energy on a GAAP basis of $1.852 billion, or $0.90 per share, compared to $1.219 billion, or $0.60 per share, for the third quarter of 2023. On an adjusted basis, NextEra Energy's 2024 third-quarter earnings were $2.127 billion, or $1.03 per share, compared to $1.920 billion, or $0.94 per share, in the third quarter of 2023. "NextEra Energy delivered strong third-quarter results, increasing adjusted earnings per share by approximately 10% year-over-year, reflecting continued solid financial and operational performance at both our businesses," said John Ketchum, chairman, president and chief executive officer. "Over the last several weeks, our customers in Florida have been affected by Hurricanes Helene and Milton, and our thoughts go out to all those impacted. FPL's valuable investments in hardening and smart-grid technology prevented hundreds of thousands of outages, and together with the efforts of our team and mutual assistance partners, we restored service to roughly 95% of affected customers after the second full day of restoration after Hurricane Helene's landfall and after the fourth full day of restoration after Hurricane Milton's landfall. For the second consecutive quarter, NextEra Energy Resources added approximately 3 gigawatts of new renewables and storage projects to its backlog, delivering another strong renewables origination quarter. We are also pleased to announce incremental framework agreements with two Fortune 50 customers for the potential development of renewables and storage projects, totaling up to 10.5 gigawatts between now and 2030. The continued strong performance of our businesses and our scale, experience and technology will allow us to capitalize on the opportunity that increased power demand is bringing to our sector. We will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges each year through 2027, while maintaining our strong balance sheet and credit ratings." FPL FPL reported third-quarter 2024 net income of $1.293 billion, or $0.63 per share, compared to $1.183 billion, or $0.58 per share, for the prior-year comparable quarter. FPL's growth in the third quarter primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2 billion for the quarter, and full-year capital investments are expected to be between $8 billion and $8.8 billion. Regulatory capital employed increased by approximately 9.5% year-over-year. FPL continued executing against its capital plan and delivering on its strong customer value proposition, which is anchored in providing customer bills that are nearly 40% below the national average and maintaining top-decile reliability. FPL's smart capital investments in low-cost solar generation and battery 1 storage are continuing to reduce its overall fuel cost and, when combined with generation modernizations, have saved customers nearly $16 billion since 2001. FPL is delivering best-in-class non-fuel O&M that is 70% better than the national average, saving customers $3 billion every year compared to the average utility. For nearly two decades, FPL has significantly invested in building a stronger, smarter and more storm-resilient grid. The performance of the system during Hurricanes Helene and Milton demonstrates that FPL's hardening, undergrounding, automation and smart grid investments are providing significant benefits to customers. Hurricane Helene, one of the most destructive hurricanes to ever make landfall in the continental U.S., caused approximately 680,000 FPL customers to lose power. Hurricane Milton, which produced numerous tornadoes, widespread flooding and hurricane-force winds that tore across Florida, resulted in outages for approximately 2 million FPL customers. FPL restored service to roughly 95% of affected customers after the second full day of restoration following Hurricane Helene's landfall and after the fourth full day of restoration following Hurricane Milton's landfall. Initial performance data shows that FPL's underground distribution power lines performed more than six times better in terms of outage rates than existing overhead distribution power lines in Florida. FPL's generation fleet, including its solar sites, sustained no significant damage. Despite 66 of FPL's 88 existing solar sites – or approximately 16 million panels – being exposed to storm conditions during Hurricanes Helene and Milton, less than 0.05% of solar panels were affected. NextEra Energy Resources NextEra Energy Resources reported third-quarter 2024 net income attributable to NextEra Energy on a GAAP basis of $1.223 billion, or $0.59 per share, compared to net loss attributable to NextEra Energy of $230 million, or $0.11 per share, in the prior-year comparable quarter. On an adjusted basis, NextEra Energy Resources' earnings for the third quarter of 2024 were $979 million, or $0.47 per share, compared to $882 million, or $0.43 per share, for the third quarter of 2023. NextEra Energy Resources had another strong quarter for new renewables and storage origination, marking the second consecutive quarter of adding approximately 3 gigawatts (GW) to its backlog and bringing its four-quarter total to approximately 11 GW. NextEra Energy Resources' backlog now totals over 24 GW after taking into account roughly 1 GW of new projects placed into service since the second-quarter 2024 financial results call in July. NextEra Energy Resources also is announcing incremental framework agreements with two Fortune 50 customers for the potential development of renewables and storage projects, totaling up to 10.5 GW between now and 2030, none of which is in its backlog today. Corporate and Other In the third quarter of 2024 on a GAAP basis, Corporate and Other results decreased $0.45 per share, compared to the prior-year comparable quarter. On an adjusted basis, Corporate and Other results for the third quarter of 2024 were roughly flat, compared to the prior-year comparable quarter. Outlook NextEra Energy's long-term financial expectations remain unchanged. For 2024, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.23 to $3.43. For 2025, 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.45 to $3.70, $3.63 to $4.00 and $3.85 to $4.32, respectively. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2026, off a 2024 base. Conference call information As previously announced, NextEra Energy's third-quarter 2024 financial results conference call is scheduled for 9 a.m. ET today. Also discussed during the call will be the third-quarter 2024 financial results for NextEra Energy Partners, LP (NYSE: NEP). The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/FinancialResults . The news release and slides accompanying the presentation may be downloaded at www.NextEraEnergy.com/FinancialResults , beginning at 7:30 a.m. ET today. A replay will be available for 90 days by accessing the same link as listed above. 2 NextEra Energy, Inc. NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.9 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. A Fortune 200 company, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com , www.FPL.com , www.NextEraEnergyResources.com . ### Adjusted earnings for the periods in this news release exclude the effects of non-qualifying hedges; NextEra Energy Partners, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI) and impairment charges. NextEra Energy'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. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release. Adjusted earnings does not represent a substitute for net income, as prepared in accordance with GAAP. NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, 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. These items could significantly impact GAAP earnings per share. 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. This news release should be read in conjunction with the attached unaudited financial information. Cautionary Statements and Risk Factors That May Affect Future Results This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's and FPL's control. Forward-looking statements in this news release include, among others, statements concerning adjusted earnings per share expectations and future operating performance and statements concerning future dividends. In some cases, you can identify the forward-looking statements by words or phrases such as “will,” “may result,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would” or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not 3 a guarantee of future performance. The future results of NextEra Energy and FPL and their business and financial condition are subject to risks and uncertainties that could cause their actual results to differ materially from those expressed or implied in the forward-looking statements, or may require them to limit or eliminate certain operations. These risks and uncertainties include, but are not limited to, those discussed in this news release and the following: effects of extensive regulation of NextEra Energy's and FPL's business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy and FPL; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support utility scale renewable energy projects of NextEra Energy and FPL and its affiliated entities or the imposition of additional tax laws, tariffs, duties, policies or assessments on renewable energy or equipment necessary to generate it or deliver it; impact of new or revised laws, regulations, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy and FPL; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal regulation of their operations and businesses; effect on NextEra Energy and FPL of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; impacts on NextEra Energy or FPL of allegations of violations of law; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, transmission and distribution facilities, gas infrastructure facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, planning, financing, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, gas infrastructure facilities, and other facilities; effect on NextEra Energy and FPL of a lack of growth, slower growth or a decline in the number of customers or in customer usage; impact on NextEra Energy and FPL of severe weather and other weather conditions; threats of geopolitical factors, terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy's and FPL's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy and FPL against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low gas and oil prices could impact NextEra Energy Resources, LLC’s (NextEra Energy Resources) gas infrastructure business and cause NextEra Energy Resources to delay or cancel certain gas infrastructure projects and could result in certain projects becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources' full energy and capacity requirement services; inability or failure by NextEra Energy Resources to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity in energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's and FPL's risk management tools associated with their hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation facilities on sale and delivery of power or natural gas by NextEra Energy, including FPL; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; failure of NextEra Energy or FPL counterparties to perform under derivative contracts or of requirement for NextEra Energy or FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's or FPL's information technology systems; risks to NextEra Energy and FPL's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability of FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with NextEra Energy Resources’ and FPL's ownership and operation of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources' or FPL's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's and FPL's ability to fund their liquidity and capital needs and meet their growth objectives; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; impairment of NextEra Energy's and FPL's liquidity from inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of NextEra Energy's and FPL's nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; NextEra Energy Partners, LP’s inability to access sources of capital on commercially reasonable terms could have an effect on its ability to consummate future acquisitions and on the value of NextEra Energy’s limited partner interest in NextEra Energy Operating Partners, LP; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and its effects on NextEra Energy’s or FPL’s businesses. NextEra Energy and FPL discuss these and other risks and uncertainties in their annual report on Form 10-K for the year ended December 31, 2023 and other Securities and Exchange Commission (SEC) filings, and this news release should be read in 4 conjunction with such SEC filings. The forward-looking statements made in this news release are made only as of the date of this news release and NextEra Energy and FPL undertake no obligation to update any forward-looking statements. 5 NextEra Energy, Inc. Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited) Preliminary Three Months Ended September 30, 2024 FPL NEER Corporate and Other (a) NextEra Energy Operating Revenues $ 4,939  $ 2,585  $ 43  $ 7,567  Operating Expenses Fuel, purchased power and interchange 1,208  268  (25) 1,451  Other operations and maintenance 417  706  124  1,247  Depreciation and amortization 974  653  15  1,642  Taxes other than income taxes and other – net 511  88  3  602  Total operating expenses – net 3,110  1,715  117  4,942  Gains (losses) on disposal of businesses/assets – net —  232  (1) 231  Operating Income (Loss) 1,829  1,102  (75) 2,856  Other Income (Deductions) Interest expense (304) (597) (916) (1,817) Equity in earnings (losses) of equity method investees —  237  —  237  Allowance for equity funds used during construction 49  1  —  50  Gains on disposal of investments and other property – net —  1  —  1  Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net —  108  —  108  Other net periodic benefit income —  —  66  66  Other – net (4) 73  26  95  Total other income (deductions) – net (259) (177) (824) (1,260) Income (Loss) before Income Taxes 1,570  925  (899) 1,596  Income Tax Expense (Benefit) 277  (37) (235) 5  Net Income (Loss) 1,293  962  (664) 1,591  Net Loss Attributable to Noncontrolling Interests —  261  —  261  Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,293   $ 1,223   $ (664) $ 1,852   Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,293   $ 1,223   $ (664) $ 1,852   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  (295) 694  399  Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net —  (108) —  (108) NEP investment gains – net —  32  —  32  Less related income tax expense (benefit) (c) —  127  (175) (48) Adjusted Earnings (Loss) $ 1,293   $ 979   $ (145) $ 2,127   Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 0.63   $ 0.59   $ (0.32) $ 0.90   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  (0.14) 0.33  0.19  Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net —  (0.05) —  (0.05) NEP investment gains – net —  0.02  —  0.02  Less related income tax expense (benefit) (c) —  0.05  (0.08) (0.03) Adjusted Earnings (Loss) Per Share $ 0.63   $ 0.47   $ (0.07) $ 1.03   Weighted-average shares outstanding (assuming dilution) 2,061   ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. (b) After tax impact by segment is as follows: NEER Corporate and Other NextEra Energy Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Net losses (gains) associated with non-qualifying hedges $ (191) $ (0.09) $ 519  $ 0.25  $ 328  $ 0.16  Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net $ (77) $ (0.04) $ —  $ —  $ (77) $ (0.04) NEP investment gains – net $ 24  $ 0.01  $ —  $ —  $ 24  $ 0.01  (c) Includes the effects of rounding. 6 NextEra Energy, Inc. Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited) Preliminary Three Months Ended September 30, 2023 FPL NEER Corporate and Other (a) NextEra Energy Operating Revenues $ 5,475  $ 1,669  $ 28  $ 7,172  Operating Expenses Fuel, purchased power and interchange 1,339  240  (25) 1,554  Other operations and maintenance 456  636  104  1,196  Depreciation and amortization 1,424  513  20  1,957  Taxes other than income taxes and other – net 551  81  4  636  Total operating expenses – net 3,770  1,470  103  5,343  Gains (losses) on disposal of businesses/assets – net —  8  (1) 7  Operating Income (Loss) 1,705  207  (76) 1,836  Other Income (Deductions) Interest expense (286) (90) 350  (26) Equity in earnings (losses) of equity method investees —  (954) —  (954) Allowance for equity funds used during construction 40  3  —  43  Gains on disposal of investments and other property – net —  29  —  29  Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net —  (98) —  (98) Other net periodic benefit income —  —  62  62  Other – net 10  56  15  81  Total other income (deductions) – net (236) (1,054) 427  (863) Income (Loss) before Income Taxes 1,469  (847) 351  973  Income Tax Expense (Benefit) 286  (417) 85  (46) Net Income (Loss) 1,183  (430) 266  1,019  Net Loss Attributable to Noncontrolling Interests —  200  —  200  Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,183   $ (230) $ 266   $ 1,219   Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,183   $ (230) $ 266   $ 1,219   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  165  (549) (384) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net —  97  —  97  Differential membership interests – related —  14  —  14  NEP investment gains – net —  1,210  —  1,210  Less related income tax expense (benefit) (c) —  (374) 138  (236) Adjusted Earnings (Loss) $ 1,183   $ 882   $ (145) $ 1,920   Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 0.58   $ (0.11) $ 0.13   $ 0.60   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  0.08  (0.27) (0.19) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net —  0.05  —  0.05  Differential membership interests – related —  0.01  —  0.01  NEP investment gains – net —  0.59  —  0.59  Less related income tax expense (benefit) (c) —  (0.19) 0.07  (0.12) Adjusted Earnings (Loss) Per Share $ 0.58   $ 0.43   $ (0.07) $ 0.94   Weighted-average shares outstanding (assuming dilution) 2,036   ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. (b) After tax impact by segment is as follows: NEER Corporate and Other NextEra Energy Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Net losses (gains) associated with non-qualifying hedges $ 127  $ 0.05  $ (411) $ (0.20) $ (284) $ (0.15) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net $ 66  $ 0.03  $ —  $ —  $ 66  $ 0.03  Differential membership interests – related $ 11  $ 0.01  $ —  $ —  $ 11  $ 0.01  NEP investment gains – net $ 908  $ 0.45  $ —  $ —  $ 908  $ 0.45  (c) Includes the effects of rounding. 7 NextEra Energy, Inc. Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited) Preliminary Nine Months Ended September 30, 2024 FPL NEER Corporate and Other (a) NextEra Energy Operating Revenues $ 13,163  $ 6,094  $ 111  $ 19,368  Operating Expenses Fuel, purchased power and interchange 3,322  688  (73) 3,937  Other operations and maintenance 1,171  2,055  315  3,541  Depreciation and amortization 1,971  1,935  43  3,949  Taxes other than income taxes and other – net 1,455  262  4  1,721  Total operating expenses – net 7,919  4,940  289  13,148  Gains (losses) on disposal of businesses/assets – net —  326  (8) 318  Operating Income (Loss) 5,244  1,480  (186) 6,538  Other Income (Deductions) Interest expense (874) (1,067) (1,019) (2,960) Equity in earnings (losses) of equity method investees —  578  21  599  Allowance for equity funds used during construction 139  8  —  147  Gains on disposal of investments and other property – net —  132  —  132  Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net —  148  —  148  Other net periodic benefit income —  —  171  171  Other – net 2  147  69  218  Total other income (deductions) – net (733) (54) (758) (1,545) Income (Loss) before Income Taxes 4,511  1,426  (944) 4,993  Income Tax Expense (Benefit) 813  (397) (248) 168  Net Income (Loss) 3,698  1,823  (696) 4,825  Net Loss Attributable to Noncontrolling Interests —  918  —  918  Net Income (Loss) Attributable to NextEra Energy, Inc. $ 3,698   $ 2,741   $ (696) $ 5,743   Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): Net Income (Loss) Attributable to NextEra Energy, Inc. $ 3,698   $ 2,741   $ (696) $ 5,743   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  (102) 394  292  Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net —  (152) —  (152) Differential membership interests – related —  6  —  6  NEP investment gains – net —  96  —  96  Less related income tax expense (benefit) (c) —  83  (100) (17) Adjusted Earnings (Loss) $ 3,698   $ 2,672   $ (402) $ 5,968   Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 1.80   $ 1.33   $ (0.34) $ 2.79   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  (0.05) 0.19  0.14  Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net —  (0.07) —  (0.07) Differential membership interests – related —  —  —  —  NEP investment gains – net —  0.05  —  0.05  Less related income tax expense (benefit) (c) —  0.04  (0.05) (0.01) Adjusted Earnings (Loss) Per Share $ 1.80   $ 1.30   $ (0.20) $ 2.90   Weighted-average shares outstanding (assuming dilution) 2,058   ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. (b) After tax impact by segment is as follows: NEER Corporate and Other NextEra Energy Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Net losses (gains) associated with non-qualifying hedges $ (44) $ (0.01) $ 294  $ 0.14  $ 250  $ 0.13  Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net $ (101) $ (0.05) $ —  $ —  $ (101) $ (0.05) Differential membership interests – related $ 5  $ —  $ —  $ —  $ 5  $ —  NEP investment gains – net $ 71  $ 0.03  $ —  $ —  $ 71  $ 0.03  (c) Includes the effects of rounding. 8 NextEra Energy, Inc. Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited) Preliminary Nine Months Ended September 30, 2023 FPL NEER Corporate and Other (a) NextEra Energy Operating Revenues $ 14,169  $ 7,016  $ 51  $ 21,236  Operating Expenses Fuel, purchased power and interchange 3,764  589  (73) 4,280  Other operations and maintenance 1,262  1,828  301  3,391  Depreciation and amortization 2,743  1,470  59  4,272  Taxes other than income taxes and other – net 1,499  225  3  1,727  Total operating expenses – net 9,268  4,112  290  13,670  Gains (losses) on disposal of businesses/assets – net 1  6  4  11  Operating Income (Loss) 4,902  2,910  (235) 7,577  Other Income (Deductions) Interest expense (807) (545) 8  (1,344) Equity in earnings (losses) of equity method investees —  (722) 1  (721) Allowance for equity funds used during construction 100  5  —  105  Gains on disposal of investments and other property – net —  126  —  126  Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net —  (10) —  (10) Other net periodic benefit income —  —  184  184  Other – net 36  202  50  288  Total other income (deductions) – net (671) (944) 243  (1,372) Income (Loss) before Income Taxes 4,231  1,966  8  6,205  Income Tax Expense (Benefit) 825  27  (14) 838  Net Income (Loss) 3,406  1,939  22  5,367  Net Loss Attributable to Noncontrolling Interests —  733  —  733  Net Income (Loss) Attributable to NextEra Energy, Inc. $ 3,406   $ 2,672   $ 22   $ 6,100   Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): Net Income (Loss) Attributable to NextEra Energy, Inc. $ 3,406   $ 2,672   $ 22   $ 6,100   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  (1,698) (599) (2,297) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net —  4  —  4  Differential membership interests – related —  51  —  51  NEP investment gains – net —  1,250  —  1,250  Impairment charges related to investment in Mountain Valley Pipeline —  58  —  58  Less related income tax expense (benefit) (c) —  58  150  208  Adjusted Earnings (Loss) $ 3,406   $ 2,395   $ (427) $ 5,374   Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 1.68   $ 1.32   $ 0.02   $ 3.02   Adjustments – pretax: (b) Net losses (gains) associated with non-qualifying hedges —  (0.84) (0.30) (1.14) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net —  —  —  —  Differential membership interests – related —  0.03  —  0.03  NEP investment gains – net —  0.62  —  0.62  Impairment charges related to investment in Mountain Valley Pipeline —  0.03  —  0.03  Less related income tax expense (benefit) (c) —  0.02  0.08  0.10  Adjusted Earnings (Loss) Per Share $ 1.68   $ 1.18   $ (0.20) $ 2.66   Weighted-average shares outstanding (assuming dilution) 2,023   ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. (b) After tax impact by segment is as follows: NEER Corporate and Other NextEra Energy Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Adjusted Earnings Adjusted EPS Net losses (gains) associated with non-qualifying hedges $ (1,297) $ (0.64) $ (449) $ (0.22) $ (1,746) $ (0.86) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net $ 6  $ —  $ —  $ —  $ 6  $ —  Differential membership interests – related $ 38  $ 0.02  $ —  $ —  $ 38  $ 0.02  NEP investment gains – net $ 937  $ 0.46  $ —  $ —  $ 937  $ 0.46  Impairment charges related to investment in Mountain Valley Pipeline $ 39  $ 0.02  $ —  $ —  $ 39  $ 0.02  (c) Includes the effects of rounding. 9 NextEra Energy, Inc. Condensed Consolidated Balance Sheets (millions) (unaudited) Preliminary September 30, 2024 FPL NEER Corporate and Other (a) NextEra Energy ASSETS Current assets: Cash and cash equivalents $ 138  $ 1,001  $ 1,124  $ 2,263  Customer receivables, net of allowances 1,918  1,635  —  3,553  Other receivables 332  530  (66) 796  Materials, supplies and fuel inventory 1,339  913  6  2,258  Regulatory assets 540  31  1  572  Derivatives 17  857  1  875  Contract assets —  627  —  627  Other 199  884  153  1,236  Total current assets 4,483  6,478  1,219  12,180  Other assets: Property, plant and equipment – net 74,735  59,409  165  134,309  Special use funds 6,825  2,930  —  9,755  Investment in equity method investees —  7,259  —  7,259  Prepaid benefit costs 1,923  6  308  2,237  Regulatory assets 4,562  237  231  5,030  Derivatives 15  1,560  3  1,578  Goodwill 2,965  1,943  11  4,919  Other 682  7,336  728  8,746  Total other assets 91,707  80,680  1,446  173,833  TOTAL ASSETS $ 96,190  $ 87,158  $ 2,665  $ 186,013  LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY Current liabilities: Commercial paper $ 850  $ —  $ 3,120  $ 3,970  Other short-term debt —  —  5,140  5,140  Current portion of long-term debt 1,119  393  6,045  7,557  Accounts payable 891  4,040  (47) 4,884  Customer deposits 658  25  —  683  Accrued interest and taxes 1,280  576  (98) 1,758  Derivatives 4  761  357  1,122  Accrued construction-related expenditures 461  1,151  4  1,616  Regulatory liabilities 367  3  1  371  Other 772  1,313  461  2,546  Total current liabilities 6,402  8,262  14,983  29,647  Other liabilities and deferred credits: Long-term debt 25,622  8,277  32,201  66,100  Asset retirement obligations 2,207  1,350  —  3,557  Deferred income taxes 9,012  4,115  (2,173) 10,954  Regulatory liabilities 10,338  163  —  10,501  Derivatives 2  1,652  750  2,404  Other 376  2,446  490  3,312  Total other liabilities and deferred credits 47,557  18,003  31,268  96,828  TOTAL LIABILITIES 53,959  26,265  46,251  126,475  COMMITMENTS AND CONTINGENCIES REDEEMABLE NONCONTROLLING INTERESTS —  —  —  —  EQUITY Common stock 1,373  —  (1,352) 21  Additional paid-in capital 26,868  24,621  (34,130) 17,359  Retained earnings 13,990  26,856  (8,044) 32,802  Accumulated other comprehensive loss —  (71) (60) (131) Total common shareholders' equity 42,231  51,406  (43,586) 50,051  Noncontrolling interests —  9,487  —  9,487  TOTAL EQUITY 42,231  60,893  (43,586) 59,538  TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY $ 96,190  $ 87,158  $ 2,665  $ 186,013  ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. 10 NextEra Energy, Inc. Condensed Consolidated Balance Sheets Preliminary (millions) (unaudited) December 31, 2023 FPL NEER Corporate and Other (a) NextEra Energy ASSETS Current assets: Cash and cash equivalents $ 57  $ 916  $ 1,717  $ 2,690  Customer receivables, net of allowances 1,706  1,905  (2) 3,609  Other receivables 319  584  41  944  Materials, supplies and fuel inventory 1,339  763  4  2,106  Regulatory assets 1,431  28  1  1,460  Derivatives 13  1,671  46  1,730  Contract Assets —  1,487  —  1,487  Other 131  1,036  168  1,335  Total current assets 4,996  8,390  1,975  15,361  Other assets: Property, plant and equipment – net 70,608  55,034  134  125,776  Special use funds 6,050  2,648  —  8,698  Investment in equity method investees —  6,145  11  6,156  Prepaid benefit costs 1,853  5  254  2,112  Regulatory assets 4,343  226  232  4,801  Derivatives 14  1,766  10  1,790  Goodwill 2,965  2,114  12  5,091  Other 640  6,817  247  7,704  Total other assets 86,473  74,755  900  162,128  TOTAL ASSETS $ 91,469  $ 83,145  $ 2,875  $ 177,489  LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY Current liabilities: Commercial paper $ 2,374  $ —  $ 2,276  $ 4,650  Other short-term debt 255  —  —  255  Current portion of long-term debt 1,665  1,031  4,205  6,901  Accounts payable 977  7,547  (20) 8,504  Customer deposits 610  28  —  638  Accrued interest and taxes 661  380  (71) 970  Derivatives 9  813  23  845  Accrued construction-related expenditures 486  1,375  —  1,861  Regulatory liabilities 335  4  1  340  Other 704  1,908  387  2,999  Total current liabilities 8,076  13,086  6,801  27,963  Other liabilities and deferred credits: Long-term debt 23,609  10,795  27,001  61,405  Asset retirement obligations 2,143  1,260  —  3,403  Deferred income taxes 8,542  3,776  (2,176) 10,142  Regulatory liabilities 9,893  156  —  10,049  Derivatives 6  2,224  511  2,741  Other 365  2,100  297  2,762  Total other liabilities and deferred credits 44,558  20,311  25,633  90,502  TOTAL LIABILITIES 52,634  33,397  32,434  118,465  COMMITMENTS AND CONTINGENCIES REDEEMABLE NONCONTROLLING INTERESTS —  1,256  —  1,256  EQUITY Common stock 1,373  —  (1,352) 21  Additional paid-in capital 23,470  14,154  (20,259) 17,365  Retained earnings 13,992  24,115  (7,872) 30,235  Accumulated other comprehensive loss —  (77) (76) (153) Total common shareholders' equity 38,835  38,192  (29,559) 47,468  Noncontrolling interests —  10,300  —  10,300  TOTAL EQUITY 38,835  48,492  (29,559) 57,768  TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY $ 91,469  $ 83,145  $ 2,875  $ 177,489  ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. 11 NextEra Energy, Inc. Condensed Consolidated Statements of Cash Flows (millions) (unaudited) Preliminary Nine Months Ended September 30, 2024 FPL NEER Corporate and Other (a) NextEra Energy Cash Flows From Operating Activities Net income (loss) $ 3,698  $ 1,823  $ (696) $ 4,825  Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 1,971  1,935  43  3,949  Nuclear fuel and other amortization 137  68  25  230  Unrealized losses (gains) on marked to market derivative contracts – net —  (124) 638  514  Foreign currency transaction losses (gains) —  —  (1) (1) Deferred income taxes 234  323  (7) 550  Cost recovery clauses and franchise fees 946  —  —  946  Equity in losses (earnings) of equity method investees —  (578) (21) (599) Distributions of earnings from equity method investees —  618  23  641  Losses (gains) on disposal of businesses, assets and investments - net —  (458) 8  (450) Recoverable storm-related costs (139) —  —  (139) Other – net (5) (71) 40  (36) Changes in operating assets and liabilities: Current assets (151) 16  (11) (146) Noncurrent assets (109) 25  (53) (137) Current liabilities 768  256  (20) 1,004  Noncurrent liabilities (9) (7) 144  128  Net cash provided by (used in) operating activities 7,341   3,826   112   11,279   Cash Flows From Investing Activities Capital expenditures of FPL (6,221) —  —  (6,221) Independent power and other investments of NEER —  (13,436) —  (13,436) Nuclear fuel purchases (188) (146) —  (334) Other capital expenditures —  —  (117) (117) Sale of independent power and other investments of NEER —  2,208  —  2,208  Proceeds from sale or maturity of securities in special use funds and other investments 2,271  838  209  3,318  Purchases of securities in special use funds and other investments (2,398) (877) (495) (3,770) Other – net —  (105) 73  (32) Net cash used in investing activities (6,536) (11,518) (330) (18,384) Cash Flows From Financing Activities Issuances of long-term debt, including premiums and discounts 3,205  876  12,094  16,175  Retirements of long-term debt (1,720) (2,262) (4,959) (8,941) Net change in commercial paper (1,524) —  844  (680) Proceeds from other short-term debt —  —  6,358  6,358  Repayments of other short-term debt (255) —  (1,218) (1,473) Payments to related parties under a cash sweep and credit support agreement – net —  (1,460) —  (1,460) Issuances of common stock/equity units – net —  —  (7) (7) Dividends on common stock —  —  (3,176) (3,176) Dividends & capital distributions from (to) parent – net (300) 10,483  (10,183) —  Other – net (43) (365) (129) (537) Net cash provided by (used in) financing activities (637) 7,272   (376) 6,259   Effects of currency translation on cash, cash equivalents and restricted cash —   —   —   —   Net increase (decrease) in cash, cash equivalents and restricted cash 168   (420) (594) (846) Cash, cash equivalents and restricted cash at beginning of period 72   1,625   1,723   3,420   Cash, cash equivalents and restricted cash at end of period $ 240   $ 1,205   $ 1,129   $ 2,574   ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. 12 NextEra Energy, Inc. Condensed Consolidated Statements of Cash Flows (millions) (unaudited) Preliminary Nine Months Ended September 30, 2023 FPL NEER Corporate and Other (a) NextEra Energy Cash Flows From Operating Activities Net income (loss) $ 3,406  $ 1,939  $ 22  $ 5,367  Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 2,743  1,470  59  4,272  Nuclear fuel and other amortization 116  60  22  198  Unrealized losses (gains) on marked to market derivative contracts – net —  (1,864) (630) (2,494) Foreign currency transaction losses (gains) —  (2) 73  71  Deferred income taxes (83) 507  42  466  Cost recovery clauses and franchise fees 1,020  —  —  1,020  Equity in losses (earnings) of equity method investees —  722  (1) 721  Distributions of earnings from equity method investees —  520  —  520  Losses (gains) on disposal of businesses, assets and investments - net (1) (132) (4) (137) Recoverable storm-related costs (366) —  —  (366) Other – net 2  (24) 62  40  Changes in operating assets and liabilities: Current assets (648) 516  (74) (206) Noncurrent assets (142) (134) (54) (330) Current liabilities 891  (1,374) (274) (757) Noncurrent liabilities 17  (82) 103  38  Net cash provided by (used in) operating activities 6,955   2,122   (654) 8,423   Cash Flows From Investing Activities Capital expenditures of FPL (7,279) —  —  (7,279) Independent power and other investments of NEER —  (11,456) —  (11,456) Nuclear fuel purchases (79) (47) —  (126) Other capital expenditures —  —  (49) (49) Sale of independent power and other investments of NEER —  1,353  —  1,353  Proceeds from sale or maturity of securities in special use funds and other investments 2,651  768  120  3,539  Purchases of securities in special use funds and other investments (2,908) (1,186) (665) (4,759) Other – net (30) (392) 422  —  Net cash used in investing activities (7,645) (10,960) (172) (18,777) Cash Flows From Financing Activities Issuances of long-term debt, including premiums and discounts 5,478  354  4,146  9,978  Retirements of long-term debt (1,548) (501) (3,035) (5,084) Net change in commercial paper 460  —  1,816  2,276  Proceeds from other short-term debt —  —  1,925  1,925  Repayments of other short-term debt —  (38) (600) (638) Payments to related parties under a cash sweep and credit support agreement – net —  (206) —  (206) Issuances of common stock/equity units – net —  —  4,505  4,505  Dividends on common stock —  —  (2,823) (2,823) Dividends & capital distributions from (to) parent – net (3,565) 8,826  (5,261) —  Other – net (70) 54  (214) (230) Net cash provided by (used in) financing activities 755   8,489   459   9,703   Effects of currency translation on cash, cash equivalents and restricted cash —   (12) —   (12) Net increase (decrease) in cash, cash equivalents and restricted cash 65   (361) (367) (663) Cash, cash equivalents and restricted cash at beginning of period 58   2,533   850   3,441   Cash, cash equivalents and restricted cash at end of period $ 123   $ 2,172   $ 483   $ 2,778   ———————————— (a) Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. 13 NextEra Energy, Inc. Earnings Per Share Contributions (assuming dilution) (unaudited) Preliminary First Quarter Second Quarter Third Quarter Year-To-Date 2023 Earnings Per Share Attributable to NextEra Energy, Inc. $ 1.04   $ 1.38   $ 0.60   $ 3.02   FPL – 2023 Earnings Per Share $ 0.53   $ 0.57   $ 0.58   $ 1.68   New investment growth 0.05  0.04  0.04  0.12  Other and share dilution (0.01) (0.01) 0.01  —  FPL – 2024 Earnings Per Share $ 0.57   $ 0.60   $ 0.63   $ 1.80   NEER – 2023 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. $ 0.72   $ 0.72   $ (0.11) $ 1.32   New investments 0.15  0.12  0.15  0.42  Existing clean energy (0.02) 0.06  —  0.03  Gas infrastructure (0.01) (0.07) 0.01  (0.06) NextEra Energy Transmission —  —  0.01  0.01  Customer supply 0.04  (0.03) (0.10) (0.09) Non-qualifying hedges impact (0.31) (0.48) 0.14  (0.63) NEP investment gains – net (0.01) 0.01  0.44  0.43  Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net 0.01  (0.03) 0.07  0.05  Impairment charges related to investment in Mountain Valley Pipeline 0.01  0.01  —  0.02  Other, including interest expense, corporate general and administrative expenses, other investment income and share dilution (0.11) (0.04) (0.02) (0.17) NEER – 2024 Earnings Per Share Attributable to NextEra Energy, Inc. $ 0.47   $ 0.27   $ 0.59   $ 1.33   Corporate and Other – 2023 Earnings (Loss) Per Share $ (0.21) $ 0.09   $ 0.13   $ 0.02   Non-qualifying hedges impact 0.28  (0.19) (0.45) (0.36) Other, including interest expense and share dilution (0.01) 0.02  —  —  Corporate and Other – 2024 Earnings (Loss) Per Share $ 0.06   $ (0.08) $ (0.32) $ (0.34) 2024 Earnings Per Share Attributable to NextEra Energy, Inc. $ 1.10   $ 0.79   $ 0.90   $ 2.79   Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. The sum of the quarterly amounts may not equal the total for the year due to rounding. 14
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.