CLAIM #45412 · Nextera Energy Inc (NEE) · 2024Q3 earnings call · Oct 23, 2024 · due Dec 31, 2027
“In 2023 to 2027, we continue to expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range.”
Brian Bolster · CFO
How to check this claim
Look at: Average annual growth rate in operating cash flow, 2023-2027, compared to adjusted EPS compound annual growth rate range over the same period
It came true if: Average annual operating cash flow growth (2023-2027) >= low end of adjusted EPS CAGR range guided for the period
Where: Company cash flow statement (10-K) and management-disclosed adjusted EPS CAGR guidance (earnings call/investor presentation)
In context
“the backlog. With these additions, our backlog now totals over 24 gigawatts after taking into account roughly 1 gigawatt of new projects placed into service since our last earnings call, providing great visibility into Energy Resources' ability to deliver on our development program expectations. We expect the backlog additions will go into service over the next several years. Turning now to our third quarter 2024 consolidated results, adjusted EPS was $1.03 per share. Adjusted earnings from corporate and other were flat to last year's comparable quarter. At NextEra Energy, 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, 2026 and 2027. In 2023 to 2027, we continue to expect that our average annual growth in 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 2026 off a base -- off a 2024 base. As a reminder, our expectations are subject to our caveats. Turning to NextEra Energy Partners. Yesterday, NextEra Energy Partners board declared a quarterly distribution of $0.9175 per common unit or $3.67 per common unit on an annualized basis, up nearly 6% from a year earlier. Today, NextEra Energy Partners is pleased to announce the expected wind repowering of another approximately 225 megawatts of wind facilities, bringing its total backlog of wind repowering to approximately 1.6 gigawatts through 2026. The partnership's organic growth opportunities have expanded and we are increasing our wind repowering target to approximately 1.9 gigawatts of w”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2024Q3 earnings call.