MAAT INDEX

CLAIM #45184 · Nextera Energy Inc (NEE) · 2022Q4 earnings call · Jan 25, 2023 · due Dec 31, 2026

From 2021 to 2026, we expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range.

Kirk Crews · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
From 2021 to 2026, we expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range.
Reported
From 2025 to 2032, we expect that our average annual growth in operating cash flow will be at or above our adjusted earnings per share compound annual growth rate range.

How to check this claim

Look at: Average annual growth rate in operating cash flow (2021-2026) compared to adjusted EPS compound annual growth rate range (2021-2026)

It came true if: 2021-2026 operating cash flow CAGR >= low end of company-stated 2021-2026 adjusted EPS CAGR range

Where: Company financial statements (cash flow statement) and management-disclosed adjusted EPS CAGR expectations, 10-K/Q4 earnings materials

In context

ear, despite FPL being under-recovered for fuel costs and incurring restoration costs for hurricanes Ian and Nicole. As a result of this strong cash generation, we proactively paid down nearly $3 billion in 2023 maturities. Finally, we ended the year with $15 billion of interest rate swaps to manage interest rate exposure on future debt issuances. As a reminder, the current interest rate environment is taken into account in our financial expectations. As John discussed, today we are reaffirming our adjusted earnings per share expectations for 2023 through 2025 and introducing expectations for 2026. Details of our new financial expectations are included in the accompanying slide. We will be disappointed if we are not able to deliver financial results at or near the top end of these ranges. From 2021 to 2026, we expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range. We also continue to expect to grow our dividends per share at roughly 10% per year through at least 2024, off a 2022 base. As always, our expectations assume our usual caveats, including normal weather and operating conditions. Let me now turn to the detailed financial results for NextEra Energy Partners. Fourth quarter adjusted EBITDA was $360 million, up approximately 12% year-over-year. Adjusted EBITDA growth versus the prior-year comparable quarter was primarily due to new asset additions. Fourth quarter cash available for distribution was $74 million. As a reminder, NextEra Energy Partners' operating expenses and interest expense on project debt are typically higher in the fourth quarter versus the first three quarters of the year. For the full-year 2022, adjusted EBITDA was approxi

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2022Q4 earnings call.