CLAIM #45078 · Nextera Energy Inc (NEE) · 2022Q1 earnings call · Apr 21, 2022 · due Dec 31, 2022
“In terms of the way we’re thinking about being able to manage this and continue to still have the confidence to reaffirm our adjusted earnings expectations and reiterate that we would be disappointed if we were not able to deliver financial results at near the high end of the range.”
John Ketchum · CEO
In context
“e the macro that you guys have described here. But can you speak more specifically to the earnings offsets, not just in 2022, but especially 2023 and 2024, given that the timing of these renewable and services tends to impact the subsequent year more so? And then if I’m hearing you right, again, I know you keep talking about Chinese imports, but is that the answer here in lieu of having clarity effectively, and this is a matter of timing and pivoting into a Chinese supply solution in some form or another, or at least creating your own domestic supply rapidly. Just clearly, we’re not going to sit here until 2025. Just want to get some understanding as to what the earnings mitigation is in the near term and what that answer is in 2023, 2024? John Ketchum: Julien, thank you for the question. In terms of the way we’re thinking about being able to manage this and continue to still have the confidence to reaffirm our adjusted earnings expectations and reiterate that we would be disappointed if we were not able to deliver financial results at near the high end of the range. Look, we are a very large company with a diverse set of growth drivers. FPL is performing really well. We have great visibility into the next four years with the settlement agreement. We run the business with a lot of financial discipline and build a conservative financial plan. We – as we discussed today continue to find ways to run the business more efficiently and have identified through the project velocity over $400 million of run rate savings that we expect to be able to receive over the next few years. When we add all that up and particularly think about how conservatively we are with the way we structure our plan. We feel very comfortable and being able to continue to deliver on our financial expectations. Yes. And then Julian, I’ll take the last piece on the – I think what I unde”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q1 earnings call.