CLAIM #45489 · Nextera Energy Inc (NEE) · 2025Q2 earnings call · Jul 23, 2025 · due Dec 31, 2029
“We expect the backlog additions will go into service over the next few years and into 2029.”
Mike Dunne · CFO
How to check this claim
Look at: Cumulative MW/GW of Energy Resources backlog placed into service by year-end 2029
It came true if: Substantially all of the ~30 GW backlog reported as of Q2 2025 placed into service by 2029-12-31, per company disclosure
Where: Company-disclosed backlog and in-service capacity figures (NEE quarterly earnings materials / 10-K)
In context
“decreased $0.02 per share, primarily reflecting weaker wind resource during the quarter. Wind resource for the second quarter of 2025 was approximately 97% of the long-term average versus 104% in the second quarter of 2024. Our customer supply business increased $0.06 per share compared to the second quarter last year, which was impacted by higher depletion expense and certain nonrecurring items. All other impacts decreased by $0.07 per share, driven by higher interest costs of $0.06 per share. Energy Resources had a strong quarter of new renewables and storage origination, adding 3.2 gigawatts to the backlog. With these additions, our backlog now totals nearly 30 gigawatts after taking into account more than 1.1 gigawatts of new projects placed into service since our last earnings call. We expect the backlog additions will go into service over the next few years and into 2029. This marks the sixth time in the past 8 quarters that Energy Resources has added more than 3 gigawatts to its backlog. We have now originated approximately 12.7 gigawatts of new renewables and battery storage projects over the last 12 months. Roughly 30% of our current backlog comes from storage, which demonstrates our customers' demand for a low-cost, ready now solution to meet their capacity needs. Turning now to our second quarter 2025 consolidated results. Adjusted earnings from corporate and other decreased by $0.04 per share. 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 earnings per share expectation ranges in 2025, 2026 and 2027. From 2023 to 2027, we continue to”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2025Q2 earnings call.