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NextEra Energy Posts Higher Segment Revenues in Q2

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Electric power and energy infrastructure company NextEra Energy (NEE) on Friday reported an increase in Q2 revenue across all segments, mainly the energy resources unit and Florida Power & Light.

The energy resources segment generated $2.53 billion in revenue during the quarter, up from $1.91 billion a year earlier.

Its backlog expanded to 35.1 gigawatts after adding 3.6 GW of renewables and storage projects during the quarter, according to the report.

New battery projects account for about 2 GW, while solar projects account for 900 megawatts, and wind projects 700 megawatts.

Meanwhile, FPL generated $4.90 billion in revenue, an increase from $4.71 billion in the year-ago period, results showed.

The utility unit added over 90,000 customers over the year, the company said. Its large load interests expanded to 21 GW, driven by strong demand from hyper-scalers and other large customers.

Of the total volume, 12 GW is already in advanced discussions, the company said, with potential delivery as early as 2028.

NextEra Energy said it has advanced the proposed merger with Dominion Energy (D) and is now awaiting regulatory approvals. The transaction is expected to close in H2 of 2027.

Price: $88.94, Change: $-0.85, Percent Change: -0.95%

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