CLAIM #45172 · Nextera Energy Inc (NEE) · 2022Q4 earnings call · Jan 25, 2023 · due Dec 31, 2026
“We will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in each of 2023, 2024, 2025 and 2026, while at the same time maintaining our strong balance sheet and credit ratings.”
John Ketchum · CEO
How to check this claim
Look at: NextEra Energy adjusted earnings per share (annual, as reported by the company)
It came true if: Each year's adjusted EPS falls at or near the top end of the guided range: 2023 near $3.13 (upper part of $2.98-$3.13), 2024 near $3.43 (upper part of $3.23-$3.43), 2025 near $3.70 (upper part of $3.45-$3.70), 2026 near $4.00 (upper part of $3.63-$4.00)
Where: Company quarterly/annual earnings releases and 10-K adjusted EPS disclosures (non-GAAP reconciliation) for fiscal years 2023-2026
In context
“text, just executing at the low-end of our new development expectations through 2026 would more than double the size of our current renewables and storage operating portfolio, which took us more than 20 years to complete. Due to our long-term visibility into clean energy incentives and the significant growth opportunities at both FPL and Energy Resources, I am pleased to announce that we are extending our adjusted earnings per share growth expectations at NextEra Energy by an additional year through 2026. For 2023 and 2024, we expect our adjusted earnings per share to be in the ranges of $2.98 to $3.13 and $3.23 to $3.43, respectively. For 2025 and 2026, we expect to grow 6% to 8% off the 2024 adjusted EPS range. This equates to a range of $3.45 to $3.70 for 2025 and $3.63 to $4 for 2026. We will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in each of 2023, 2024, 2025 and 2026, while at the same time maintaining our strong balance sheet and credit ratings. As always, our expectations assume our usual caveats, including normal weather and operating conditions. Let me now turn to NextEra Energy Partners, which had another terrific year of execution, while delivering on its commitments to unitholders. For 2022, NextEra Energy Partners grew its LP distributions per unit by approximately 15% year-over-year and delivered more than 20% year-over-year growth in adjusted EBITDA, highlighting the strength of its operating portfolio. This growth is supported by NextEra Energy Partners' outstanding portfolio of clean energy assets, which was further diversified in 2022. During the year, NextEra Energy Partners acquired interests in approximately 1,200 net megawatts of long-term contracted renewables and storage assets from Energy Resources. Our confide”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q4 earnings call.