JUNO
BEACH, Fla., Jan. 28,
2025 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE)
today is reaffirming its long-term financial expectations following
today's business update by XPLR Infrastructure, LP (NYSE: NEP). As
discussed on its fourth-quarter and full-year 2024 financial
results call held on Jan. 24, 2025,
NextEra Energy continues to expect adjusted earnings per share to
be in the ranges of $3.45 to
$3.70 for 2025, $3.63 to $4.00 for
2026 and $3.85 to $4.32 for 2027. In addition, NextEra Energy's
expected funding plan from 2024-2027 remains unchanged, including
equity units of $5 billion to
$7 billion and asset recycling of
$5 billion to $6 billion.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy
company headquartered in Juno Beach,
Florida. NextEra Energy owns Florida
Power & Light Company, which is America's largest
electric utility that sells more power than any other utility,
providing clean, affordable, reliable electricity to more than 6
million customer accounts, or approximately 12 million people
across Florida. NextEra Energy also owns a competitive clean energy
business, NextEra Energy Resources, LLC, which, together with its
affiliated entities, is the world's largest generator of renewable
energy from the wind and sun and a world leader in battery storage.
Through its subsidiaries, NextEra Energy generates clean,
emissions-free electricity from seven commercial nuclear power
units in Florida, New Hampshire and Wisconsin. A Fortune 200 company, NextEra
Energy has been recognized often by third parties for its efforts
in sustainability, corporate responsibility, ethics and compliance,
and diversity. For more information about NextEra Energy companies,
visit these websites: www.NextEraEnergy.com, www.FPL.com,
www.NextEraEnergyResources.com.
NextEra Energy's management uses adjusted earnings, which is a
non-GAAP financial measure, internally for financial planning,
analysis of performance, reporting of results to the board of
directors and as an input in determining performance-based
compensation under the company's employee incentive compensation
plans. NextEra Energy also uses earnings expressed in this fashion
when communicating its financial results and earnings outlook to
analysts and investors. NextEra Energy's management believes that
adjusted earnings provide a more meaningful representation of
NextEra Energy's fundamental earnings power.
Adjusted earnings does not represent a substitute for net
income, as prepared in accordance with GAAP. NextEra Energy does
not provide a quantitative reconciliation of forward-looking
adjusted earnings per share to earnings per share, the most
directly comparable GAAP financial measure, because certain
information needed to reconcile these measures is not available
without unreasonable efforts due to the inherent difficulty in
forecasting and quantifying these measures. These items include,
but are not limited to, the effects of non-qualifying hedges and
unrealized gains and losses on equity securities held in NextEra
Energy Resources, LLC's nuclear decommissioning funds and other
than temporary impairments. These items could significantly impact
GAAP earnings per share. Adjusted earnings expectations assume,
among other things, normal weather and operating conditions;
positive macroeconomic conditions in the U.S. and Florida;
supportive commodity markets; current forward curves; public policy
support for wind, solar and storage development and construction;
market demand and transmission expansion to support wind, solar and
storage development; market demand for pipeline capacity; access to
capital at reasonable cost and terms; no adverse litigation
decisions; and no changes to governmental policies or incentives.
Please see the accompanying cautionary statements for a list of the
risk factors that may affect future results.
Cautionary Statements and Risk Factors That
May Affect Future Results for NextEra Energy, Inc.
This news release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are not
statements of historical facts, but instead represent the current
expectations of NextEra Energy, Inc. (together with its
subsidiaries, NextEra Energy) regarding future operating results
and other future events, many of which, by their nature, are
inherently uncertain and outside of NextEra Energy's control.
Forward-looking statements in this news release include, among
others, statements concerning adjusted earnings per share
expectations and expected equity and capital recycling needs. In
some cases, you can identify the forward-looking statements by
words or phrases such as "will," "may result," "expect,"
"anticipate," "believe," "intend," "plan," "seek," "potential,"
"projection," "forecast," "predict," "goals," "target," "outlook,"
"should," "would" or similar words or expressions. You should not
place undue reliance on these forward-looking statements, which are
not a guarantee of future performance. The future results of
NextEra Energy and its business and financial condition are subject
to risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements, or may require it to limit or eliminate
certain operations. These risks and uncertainties include, but are
not limited to, those discussed in this news release and the
following: effects of extensive regulation of NextEra Energy's
business operations; inability of NextEra Energy to recover in a
timely manner any significant amount of costs, a return on certain
assets or a reasonable return on invested capital through base
rates, cost recovery clauses, other regulatory mechanisms or
otherwise; impact of political, regulatory, operational and
economic factors on regulatory decisions important to NextEra
Energy; effect of any reductions or modifications to, or
elimination of, governmental incentives or policies that support
utility scale renewable energy projects or the imposition of
additional tax laws, tariffs, duties, policies or assessments on
renewable energy or equipment necessary to generate it or deliver
it; impact of new or revised laws, regulations, interpretations or
constitutional ballot and regulatory initiatives on NextEra Energy;
capital expenditures, increased operating costs and various
liabilities attributable to environmental laws, regulations and
other standards applicable to NextEra Energy; effects on NextEra
Energy of federal or state laws or regulations mandating new or
additional limits on the production of greenhouse gas emissions;
exposure of NextEra Energy to significant and increasing compliance
costs and substantial monetary penalties and other sanctions as a
result of extensive federal regulation of its operations and
businesses; effect on NextEra Energy of changes in tax laws,
guidance or policies as well as in judgments and estimates used to
determine tax-related asset and liability amounts; impact on
NextEra Energy of adverse results of litigation; impacts of NextEra
Energy of allegations of violations of law; effect on NextEra
Energy of failure to proceed with projects under development or
inability to complete the construction of (or capital improvements
to) electric generation, transmission and distribution facilities,
gas infrastructure facilities or other facilities on schedule or
within budget; impact on development and operating activities of
NextEra Energy resulting from risks related to project siting,
planning, financing, construction, permitting, governmental
approvals and the negotiation of project development agreements, as
well as supply chain disruptions; risks involved in the operation
and maintenance of electric generation, storage, transmission and
distribution facilities, gas infrastructure facilities, and other
facilities; effect on NextEra Energy of a lack of growth, slower
growth or a decline in the number of customers or in customer
usage; impact on NextEra Energy of severe weather and other weather
conditions; threats of terrorism and catastrophic events that could
result from geopolitical factors, terrorism, cyberattacks or other
attempts to disrupt NextEra Energy's business or the businesses of
third parties; inability to obtain adequate insurance coverage for
protection of NextEra Energy against significant losses and risk
that insurance coverage does not provide protection against all
significant losses; a prolonged period of low gas and oil prices
could impact NextEra Energy's gas infrastructure business and cause
NextEra Energy to delay or cancel certain gas infrastructure
projects and could result in certain projects becoming impaired;
risk of increased operating costs resulting from unfavorable supply
costs necessary to provide full energy and capacity requirement
services; inability or failure to manage properly or hedge
effectively the commodity risk within its portfolio; effect of
reductions in the liquidity of energy markets on NextEra
Energy's ability to manage operational risks; effectiveness of
NextEra Energy's risk management tools associated with its hedging
and trading procedures to protect against significant losses,
including the effect of unforeseen price variances from historical
behavior; impact of unavailability or disruption of power
transmission or commodity transportation facilities on sale and
delivery of power or natural gas; exposure of NextEra Energy to
credit and performance risk from customers, hedging counterparties
and vendors; failure of counterparties to perform under derivative
contracts or of requirement for NextEra Energy to post margin cash
collateral under derivative contracts; failure or breach of NextEra
Energy's information technology systems; risks to NextEra Energy's
retail businesses from compromise of sensitive customer data;
losses from volatility in the market values of derivative
instruments and limited liquidity in over-the-counter markets;
impact of negative publicity; inability to maintain, negotiate or
renegotiate acceptable franchise agreements; occurrence of work
strikes or stoppages and increasing personnel costs; NextEra
Energy's ability to successfully identify, complete and integrate
acquisitions, including the effect of increased competition for
acquisitions; environmental, health and financial risks associated
with ownership and operation of nuclear generation facilities;
liability of NextEra Energy for significant retrospective
assessments and/or retrospective insurance premiums in the event of
an incident at certain nuclear generation facilities; increased
operating and capital expenditures and/or reduced revenues at
nuclear generation facilities resulting from orders or new
regulations of the Nuclear Regulatory Commission; inability to
operate any of NextEra Energy's owned nuclear generation units
through the end of their respective operating licenses or planned
license extensions; effect of disruptions, uncertainty or
volatility in the credit and capital markets or actions by third
parties in connection with project-specific or other financing
arrangements on NextEra Energy's ability to fund its liquidity and
capital needs and meet its growth objectives; inability to maintain
current credit ratings; impairment of liquidity from inability of
credit providers to fund their credit commitments or to maintain
their current credit ratings; poor market performance and other
economic factors that could affect NextEra Energy's defined benefit
pension plan's funded status; poor market performance and other
risks to the asset values of nuclear decommissioning funds; changes
in market value and other risks to certain of NextEra Energy's
investments; effect of inability of NextEra Energy subsidiaries to
pay upstream dividends or repay funds to NextEra Energy or of
NextEra Energy's performance under guarantees of subsidiary
obligations on NextEra Energy's ability to meet its financial
obligations and to pay dividends on its common stock; the fact that
the amount and timing of dividends payable on NextEra Energy's
common stock, as well as the dividend policy approved by NextEra
Energy's board of directors from time to time, and changes to that
policy, are within the sole discretion of NextEra Energy's board of
directors and, if declared and paid, dividends may be in amounts
that are less than might be expected by shareholders; XPLR
Infrastructure, LP's inability to access sources of capital on
commercially reasonable terms could have an effect on its ability
to consummate future acquisitions and on the value of NextEra
Energy's limited partner interest in XPLR Infrastructure, LP;
effects of disruptions, uncertainty or volatility in the credit and
capital markets on the market price of NextEra Energy's common
stock; and the ultimate severity and duration of public health
crises, epidemics and pandemics, and its effects on NextEra
Energy's business. NextEra Energy discusses these and other risks
and uncertainties in its annual report on Form 10-K for the year
ended December 31, 2023 and other
Securities and Exchange Commission (SEC) filings, and this news
release should be read in conjunction with such SEC filings. The
forward-looking statements made in this news release are made only
as of the date of this news release and NextEra Energy undertakes
no obligation to update any forward-looking statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/nextera-energy-reaffirms-previously-announced-long-term-financial-expectations-302361839.html
SOURCE NextEra Energy, Inc.
