MAAT INDEX

CLAIM #45263 · Nextera Energy Inc (NEE) · 2023Q3 earnings call · Oct 24, 2023 · due Dec 31, 2026

From 2021 to 2026, we continue to expect that our average annual growth and operating cash flow will be at or above our adjusted EPS compound annual growth rate range, and we continue to expect to grow our dividends per share at roughly 10% per year for at least 2024 off a 2022 base.

Kirk Crews · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Dividends per share, annual growth rate for 2024 versus 2022 base

It came true if: 2024 DPS implies a compound annual growth rate of roughly 10% (9%-11%) from the 2022 DPS base

Where: Company-disclosed dividend history (10-K / dividend declarations / investor presentations)

In context

nd portfolio in the coming years. Also included in the backlog additions are roughly 250 megawatts of standalone battery storage projects co-located with existing wind and solar facilities. The combination of the standalone storage tax credit and the ability to utilize existing interconnection capacity from our operating renewables and storage footprint positions us well to serve our customers' growing needs for capacity. Turning now to our third quarter 2023 consolidated results, adjusted earnings from corporate and other decreased by $0.01 per share year-over-year. Our long-term financial expectations remain unchanged. We will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted EPS expectation ranges in each year from 2023 through 2026. From 2021 to 2026, we continue to expect that our average annual growth and operating cash flow will be at or above our adjusted EPS compound annual growth rate range, and we continue to expect to grow our dividends per share at roughly 10% per year for at least 2024 off a 2022 base. As always, our expectations are subject to our caveats. Going forward, we plan to fund the business in a manner similar to how we have historically done so at both FPL and Energy Resources. This includes utilizing cash flow from operations for roughly half of our funding needs, in addition to tax equity, project finance, and corporate debt. The sale of tax credits is serving as a new source of capital funding for NextEra Energy. We expect to transfer roughly $400 million in tax credits in 2023 and expect this amount to grow over the next couple of years to approximately $1.6 billion to $1.8 billion in 2026. This dynamic has reduced NextEra Energy's capital recycling needs, including those previously met via sales to NextEra Energy partners, which has historically averaged roughly $1 billi

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2023Q3 earnings call.