CLAIM #45379 · Nextera Energy Inc (NEE) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2026
“And we also continue to expect to grow our dividends per share at roughly 10% per year through at least ‘26 off of 2024 base.”
Brian Bolster · CFO
How to check this claim
Look at: Dividends per share, annual growth rate off 2024 base
It came true if: 2026 dividend per share approximately 10% CAGR from 2024 base (within roughly 9%-11% per year)
Where: Company-declared dividend history (10-K / investor materials / dividend announcements)
In context
“w to Q2 2024 consolidated results. Adjusted earnings from corporate and other increased by $0.02 per share year-over-year. During the quarter, NextEra issued $2 billion of equity units and recently Energy Resources entered into an agreement with Blackstone to sell a partial interest in a portfolio of wind and solar projects for approximately $900 million. Our long-term financial expectations, which we stated last month at our Investor Conference, remain unchanged. We will be disappointed if we're not able to deliver financial results at or near the top-end of our adjusted EPS expectations range in 2024, 2025, 2026 and 2027. From 2023 to 2027, 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 ‘26 off of 2024 base. As always, our expectations assume our caveats. Turning next to NextEra Energy Partners. Yesterday, NextEra Energy Partners' board declared a quarterly distribution of $0.95 per common unit or $3.62 per common unit on an annualized basis, up approximately 6% from a year earlier. Turning to the balance sheet, since our last earnings call, the partnership completed the next net renewables to equity buyout of roughly $190 million in June 2024 and paid down our 2024 convertible maturity with cash on hand. After repayment of a $700 million HoldCo debt maturity earlier this month, the partnership now has approximately $2.7 billion of liquidity. Let me now turn to the detailed results. Second quarter adjusted EBITDA was $560 million and cash available for distribution was $220 million. New proje”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2024Q2 earnings call.