NextEra Energy Q3 2026: adjusted EPS up 9.7%, revenue up 1.6%
NextEra Energy's third quarter was a clean beat on the number management steers by: adjusted EPS of $1.24 came in ahead of the $1.188 consensus, up 9.7% from a year ago. Revenue of $8.09 billion rose just 1.6%, and GAAP EPS of $2.28 is flattered by hedging gains rather than operations. Read the quarter through adjusted earnings and the backlog, not the headline GAAP figure.
1 · Expected vs. Actual
Free preview belowAdjusted EPS of $1.24 beat the $1.188 consensus by about 4.4% and rose 9.7% from $1.13, which is the cleanest read on the quarter. GAAP EPS of $2.28 looks far better but is mostly a $3.005 billion pretax swing on non-qualifying hedges, worth $1.07 per share after tax, that has nothing to do with running power plants. The $1.04 per-share gap between the two numbers is the single most important thing to understand in this release.
Revenue of $8.09 billion was up 1.6% from $7.966 billion a year earlier, a thin top line for a company posting double-digit adjusted earnings growth. FPL did the lifting, rising to $5.421 billion from $5.285 billion, while NextEra Energy Resources slipped to $2.516 billion from $2.566 billion. The story here is cost and capital discipline at the utility, not volume growth.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-21
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