Income StatementBalance SheetCash FlowSegments
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Nextra Energy Cash Flow Statement

Operating, investing, and financing cash movements

Nextra Energy generated $12.3B in operating cash flow over the trailing twelve months. After $9.4B in capital expenditures, free cash flow was $2.9B. Free cash flow decreased 0.4% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$12.3BNet Cash From Investing (TTM)-$27.0BNet Cash From Financing (TTM)$14.6BCapital Expenditures (TTM)$9.4BDepreciation And Amortization Cf (TTM)$6.9BNet Change In Cash-$531.0M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$184.68B
P/E Ratio22.57
ROE15.58%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from other short-term debt$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Proceeds from Repayments of Related Party Debt$0.0-$45.0M-$84.0M$0.0-$3.0M-$2.0M
Repayments of other short-term debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Repayments of Other Short-Term Debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Proceeds from other short-term debt$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Repayments of other short-term debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Net change in commercial paper-$2.3B$335.0M$2.0B$235.0M—$3.4B
Proceeds from issuance of debt$8.6B$9.8B$3.2B$2.3B$8.1B$8.3B
Repayments of debt$1.2B$2.9B$2.3B$2.4B$2.8B$3.1B
Dividends paid$1.1B$1.2B$1.2B$1.2B$1.2B$1.3B
Proceeds from other short-term debt$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Other, net-$249.0M-$20.0M-$124.0M-$355.0M-$232.0M-$304.0M
Proceeds from (repayments of) short-term borrowings, net-$2.3B$335.0M$2.0B$235.0M—$3.4B
Payment of Deferred Purchase Consideration-$249.0M-$20.0M-$124.0M-$355.0M-$232.0M-$304.0M
Noncontrolling interest transactions and other-$249.0M-$20.0M-$124.0M-$355.0M-$232.0M-$304.0M
Net Payments to Related Parties Under Cash Sweep and Credit Support Agreement$0.0-$45.0M-$84.0M$0.0-$3.0M-$2.0M
Net Change in Related Party Debt$0.0-$45.0M-$84.0M$0.0-$3.0M-$2.0M
Repayments of Other Short-term Debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Net cash from financing activities$741.0M$6.1B$2.1B$1.8B$3.0B$7.7B
Other financing activities-$249.0M-$20.0M-$124.0M-$355.0M-$232.0M-$304.0M
Noncontrolling Interests Activity and Other-$249.0M-$20.0M-$124.0M-$355.0M-$232.0M-$304.0M
Proceeds from short-term borrowings$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Proceeds from issuance of common stock$1.0M$11.0M$11.0M$2.0B$10.0M$23.0M
Proceeds from Bridge Loan$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Repayments of Other Short-Term Debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Note Payable to DIRECTV, Net$0.0-$45.0M-$84.0M$0.0-$3.0M-$2.0M
Proceeds from Other Short-Term Debt$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Repayments of Other Short-Term Debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Repayments of other short-term debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$2.5B$4.2B$0.0$1.2B$2.9B$6.1B
Income taxes paid-$145.0M-$114.0M-$239.0M-$444.0M-$478.0M-$665.0M
Interest paid$813.0M$631.0M$871.0M$1.1B$878.0M$1.0B
Capital expenditures incurred but not yet paid$2.5B$4.2B$0.0$1.2B$2.9B$6.1B
Capital Expenditures Incurred but Not Yet Paid$2.5B$4.2B$0.0$1.2B$2.9B$6.1B
Cash paid (received) for income taxes - net-$145.0M-$114.0M-$239.0M-$444.0M-$478.0M-$665.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Share of Profits (Losses) of Related Party-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Change in other assets$336.0M$61.0M$122.0M$163.0M$94.0M$114.0M
Change in other current assets$236.0M-$222.0M$723.0M$174.0M$245.0M$368.0M
Change in other liabilities$120.0M$108.0M$109.0M$98.0M$185.0M$180.0M
Other working capital changes$171.0M$122.0M$108.0M$7.0M$51.0M$312.0M
Change in regulatory assets-$70.0M$133.0M$26.0M—$72.0M$201.0M
Deferred income taxes$758.0M-$400.0M-$112.0M$52.0M$913.0M$409.0M
Depreciation and amortization$1.5B$1.1B$1.8B$2.1B$1.6B$1.4B
Equity in income of investees-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Distributions from equity method investments$170.0M$123.0M$58.0M$172.0M$93.0M$100.0M
Gain (loss) on sale of assets$65.0M$34.0M$121.0M$211.0M$73.0M$257.0M
Income (Loss) from Equity Method Investments-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Change in other non-current liabilities$120.0M$108.0M$109.0M$98.0M$185.0M$180.0M
Income (Loss) from Equity Method Investments-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Income (Loss) from Equity Method Investments-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Foreign Currency Transaction Gain (Loss)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Change in Recoverable Property Damage Costs—$177.0M———$16.0M
Unrealized Gain (Loss) on Derivatives and Commodity Contracts—-$964.0M———-$16.0M
Net cash from operating activities$2.0B$2.8B$3.2B$4.0B$2.5B$2.6B
Net income$873.0M$464.0M$1.6B$2.1B$1.1B$1.7B
Cost Recovery Clauses And Franchise Fees-$70.0M$133.0M$26.0M—$72.0M$201.0M
Distributions of earnings from equity method investees$170.0M$123.0M$58.0M$172.0M$93.0M$100.0M
Foreign currency remeasurement (loss) gain on debt$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Gain (Loss) on Disposition of Assets$65.0M$34.0M$121.0M$211.0M$73.0M$257.0M
Equity in earnings (losses) of equity method investees-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Increase (Decrease) in Other Current Assets$236.0M-$222.0M$723.0M$174.0M$245.0M$368.0M
Current liabilities—-$259.0M$780.0M$285.0M—-$288.0M
Other long-term liabilities$120.0M$108.0M$109.0M$98.0M$185.0M$180.0M
Increase (Decrease) in Recoverable Property Damage Costs$537.0M$177.0M$169.0M$72.0M$42.0M$16.0M
Nuclear fuel and other amortization$69.0M$81.0M$84.0M$97.0M$99.0M$91.0M
Unrealized Gain (Loss) on Derivatives and Commodity Contracts$1.0B-$964.0M-$39.0M——-$16.0M
Income (Loss) from Equity Method Investments-$845.0M-$646.0M$177.0M$204.0M—$171.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$1.8B$2.3B$1.9B$2.5B$2.0B$3.0B
Capital Expenditures of FPL$1.8B$2.3B$1.9B$2.5B$2.0B$3.0B
Independent Power Investments$2.8B$5.4B$3.6B$3.2B$3.1B$7.9B
Payments for (Proceeds from) Nuclear Fuel$65.0M$153.0M$126.0M$32.0M$242.0M$144.0M
Payment for (Proceeds from) Other Investing Activity—-$15.0M-$7.0M-$27.0M-$69.0M-$45.0M
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$1.9B$1.3B$1.8B$1.5B$1.3B$1.7B
Proceeds from Decommissioning Trust Fund Assets$2.1B$1.3B$1.6B$1.4B$1.2B$1.5B
Proceeds (Payments) From Other Capital Expenditures—$7.0M———$4.0M
Sale of independent power and other investments of NEER$451.0M$238.0M$71.0M$690.0M$116.0M$340.0M
Independent Power Investments—$5.4B———$7.9B
Payments for (Proceeds from) Nuclear Fuel—$153.0M———$144.0M
Other Capital Expenditures—$7.0M———$4.0M
Proceeds from Special Use Funds$2.1B$1.3B$1.6B$1.4B$1.2B$1.5B
Payments for Decommissioning Trust Investments$1.9B$1.3B$1.8B$1.5B$1.3B$1.7B
Net cash from investing activities-$3.9B-$7.7B-$5.8B-$5.1B-$5.2B-$10.8B
Other investing activities—-$15.0M-$7.0M-$27.0M-$69.0M-$45.0M
Proceeds from maturities/sales of investments$451.0M$238.0M$71.0M$690.0M$116.0M$340.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$210.0M$428.0M$1.2B$1.6B$516.0M-$432.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$14.0M$0.0$7.0M—$2.0M-$3.0M
Net increase (decrease) in cash-$1.2B$1.1B—$732.0M$292.0M-$531.0M