CLAIM #45313 · Nextera Energy Inc (NEE) · 2023Q4 earnings call · Jan 25, 2024 · 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 EPS expectation ranges in 2024, 2025, and 2026.”
Kirk Crews · CFO
How to check this claim
Look at: NextEra Energy adjusted EPS, annual, compared to company's stated adjusted EPS expectation range for that year
It came true if: Reported adjusted EPS falls in the upper half of the disclosed expectation range for each of 2024, 2025, and 2026
Where: Company earnings releases and management commentary (Q4 earnings call adjusted EPS reconciliation) for each fiscal year 2024, 2025, 2026
In context
“as buyers look first to NextEra Energy given its size, experience, and the overall quality of its tax credit program. Overall, our funding plans for 2024 through 2026 remain consistent with the information we shared on the third quarter earnings call. We continue to believe NextEra Energy is well positioned to manage the interest rate environment. While the recent decline in interest rates is encouraging, we remain committed to managing the business to deliver value for customers and shareholders. Overall, we believe we are well positioned with $18.5 billion of interest rate swaps and we will continue to closely monitor the interest rate environment as the clients and rates certainly represent a tail end for our sector and customers. 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 2024, 2025, and 2026. For the last 14 consecutive years, NextEra Energy has met or exceeded its financial expectation, which is a record we are proud of. 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 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 caveats. Now let's turn to NextEra Energy Partners. In terms of the transition plans, NextEra Energy Partners closed the sale of Texas pipeline portfolio in late December, providing net proceeds of approximately $1.4 billion. NextEra Energy Partners expect to complete the NEP Renewables II buyouts of roughly $190 million and $950 mi”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2023Q4 earnings call.