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CLAIM #45314 · Nextera Energy Inc (NEE) · 2023Q4 earnings call · Jan 25, 2024 · 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.

Kirk Crews · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
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.
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 of operating cash flow, 2021-2026, compared to adjusted EPS compound annual growth rate range

It came true if: 2021-2026 operating cash flow CAGR >= low end of company's stated adjusted EPS CAGR range for the same period

Where: Company financial statements (cash flow statement) and management-disclosed adjusted EPS CAGR guidance (earnings releases/10-K 2021-2026)

In context

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 million on their stated minimum buyout dates of June 2024 and 2025, respectively, as the partnerships continue to benefit from the low cash coupon through 2025. In terms of NextEra Energy Partners ' growth plan, as a reminder, it involves organic growth, specifically repowerings of approximately 1.3 g

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2023Q4 earnings call.