NextEra 2Q Earnings Up Sharply as it Adds Solar-Power Capacity
25 Juli 2023 - 2:20PM
Dow Jones News
By Rob Curran
NextEra Energy posted second-quarter earnings more than double
the year-earlier level as the electricity generator added
solar-power capacity.
The Juno beach, Fla., power producer said second-quarter net
income rose to $2.8 billion, or $1.38 a share, from $1.38 billion,
or 70 cents a share, a year earlier. Excluding items such as
nonqualified hedges and changes in value of investments held in a
nuclear decommissioning fund, NextEra registered adjusted earnings
of $1.78 billion, or 88 cents a share.
Second-quarter revenue rose 42% to $7.35 billion.
NextEra Energy Resources, NextEra's renewable-energy arm, posted
a more-than tenfold increase in second-quarter net income, which
rose to $1.46 billion, or 72 cents a share.
Florida Power & Light, NextEra's biggest unit and the
largest U.S. electric utility by customers, generated
second-quarter earnings of $1.15 billion, or 57 cents a share. The
unit placed about 225 megawatts of solar power in service during
the three-month period.
NextEra reiterated its 2023 adjusted earnings projection,
targeting a range of $2.98 to $3.13 a share.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 25, 2023 08:05 ET (12:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
NextEra Energy Partners (NYSE:NEP)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
NextEra Energy Partners (NYSE:NEP)
Historical Stock Chart
Von Mai 2023 bis Mai 2024
