NextEra Energy (NEE) Investor presentation summary

Strategic positioning and scale

• Holds ~$317B enterprise value and operates ~81 GW of energy assets, including the largest electric utility and energy infrastructure developer in the U.S.

• Leads in renewables, battery storage, and transmission, with significant expertise in artificial intelligence and technology.

• Maintains a robust supply chain, securing battery and solar panel supply through 2029 and wind components domestically.

• Partnerships enable rapid response to growing power demand, including major agreements for new solar and gas generation.

Growth drivers and investment plans

• Identifies over 12 growth avenues, including renewables, storage, transmission, and large load opportunities.

• Florida Power & Light (FPL) plans $90–$100B investment through 2032, supporting rapid customer growth and high reliability.

• Energy Resources is executing a data center hub strategy, targeting 15–30 GW large load development by 2035.

• Record origination of 4.0 GW renewables and storage in the latest quarter, with a backlog of ~33 GW.

Financial performance and outlook

• Targets 8%+ adjusted EPS CAGR through 2032 and 2035, with 2025 adjusted EPS at $3.71 and 2026 target at the top end of $3.92–$4.02.

• Operating cash flow expected to match or exceed EPS growth; dividend per share growth of 10% in 2026 and 6% annually through 2028.

• Interest rate sensitivity is limited, with nearly $38.5B in notional interest rate hedges.

• Adjusted earnings for 2025 were $7.7B, or $3.71 per share, after adjustments for non-qualifying hedges and other items.