Wed, Jul 24, 4:43 PM (45 days ago)
### Summary of Key Financial Highlights for NextEra Energy, Inc. (NEE) and Florida Power & Light Company (FPL) for Q2 2024 #### Financial Performance - **NextEra Energy, Inc. (NEE)** - **Net Income**: $1,622 million, a decrease from $2,795 million in Q2 2023. - **Earnings Per Share (EPS)**: $0.79, down from $1.38 in Q2 2023. - **Operating Revenues**: $6,069 million, down from $7,349 million in Q2 2023. - **Operating Income**: $1,670 million, a decline from $2,799 million in Q2 2023. - **Florida Power & Light Company (FPL)** - **Net Income**: $1,232 million, up from $1,152 million in Q2 2023. - **Operating Revenues**: $4,389 million, down from $4,774 million in Q2 2023. - **Operating Income**: $1,740 million, up from $1,651 million in Q2 2023. #### Key Drivers - **NEE**: The decline in net income and EPS is attributed to lower results at NEER (NextEra Energy Resources) due to unfavorable non-qualifying hedge activity and lower earnings from gas infrastructure, partially offset by higher earnings from new investments in clean energy. - **FPL**: Increased net income due to continued investments in plant in service and other property, despite a decrease in operating revenues driven by lower fuel prices and completion of storm cost recovery surcharges. #### Cash Flow and Liquidity - **Operating Cash Flow**: $7,010 million, up from $4,759 million in Q2 2023. - **Capital Expenditures**: $14,634 million, up from $13,047 million in Q2 2023. - **Available Liquidity**: Approximately $13.6 billion, including credit facilities and cash equivalents. #### Future Outlook - **Capital Expenditures**: Estimated at $39,985 million for FPL and $23,795 million for NEER from 2024 to 2028. - **Regulatory Considerations**: FPL’s 2021 rate agreement affirmed by the FPSC with ongoing appeals. ### Conclusion NEE's financial performance in Q2 2024 reflects challenges in its energy resources segment, while FPL shows growth driven by strategic investments. The company maintains strong liquidity and continues to invest heavily in its infrastructure, positioning itself for future growth.