Income StatementBalance SheetCash FlowSegments
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Nextra Energy Income Statement

Revenue, expenses, and profitability over time

Nextra Energy generated $27.6B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $8.2B with a 29.64% net margin. Diluted EPS is $3.93, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$27.6BOperating Income (TTM)$8.2BNet Income (TTM)$8.2BEps Diluted (TTM)$3.93
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$184.68B
P/E Ratio22.57
ROE15.58%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Unrealized Foreign Currency Transaction Gain (Loss)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Foreign Currency Transaction Gain (Loss)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Gain (Loss) on Investments$31.0M-$2.0M$103.0M$68.0M$10.0M$0.0
Cash Paid for Interest$813.0M$631.0M$871.0M$1.1B$878.0M$1.0B
Gain (Loss) on Disposal of Non-Discontinued Group$34.0M$36.0M$18.0M$143.0M$63.0M$257.0M
Foreign exchange gains (losses)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Gains on strategic investments, net$31.0M-$2.0M$103.0M$68.0M$10.0M$0.0
Distributions from Equity Affiliates—$123.0M———$100.0M
Income from equity method investments-$845.0M-$646.0M$177.0M$204.0M—$171.0M
Gain (loss) on disposal of assets$34.0M$36.0M$18.0M$143.0M$63.0M$257.0M
Equity Method Investment Dividends$170.0M$123.0M$58.0M$172.0M$93.0M$100.0M
Foreign Currency Transaction Gain (Loss), Pre-tax$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Other Charges$118.0M$72.0M$71.0M$61.0M$66.0M$44.0M
Foreign Currency Transaction Gain (Loss)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Gains (losses) on equity investments$31.0M-$2.0M$103.0M$68.0M$10.0M$0.0
Interest expense$311.0M$631.0M$871.0M$1.1B$1.9B$1.0B
Equity Method Investment Impairment—$700.0M————
Allowance for equity funds used during construction$51.0M$38.0M$44.0M$48.0M$51.0M$52.0M
Defined benefit plan periodic cost (credit)-$64.0M-$67.0M-$67.0M-$67.0M-$66.0M-$71.0M
Distributions of earnings from equity method investees$170.0M$123.0M$58.0M$172.0M$93.0M$100.0M
Foreign currency transaction gain (loss)$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Foreign Currency Transaction Gain (Loss), Before Tax$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Gains on disposal of investments and other property$31.0M-$2.0M$103.0M$68.0M$10.0M$0.0
Other differential membership interests activity—-$343.0M-$13.0M-$49.0M——
Unrealized gains (losses) on nuclear decommissioning funds—-$68.0M———-$60.0M
Unrealized gains (losses) on equity securities still held—-$248.0M$539.0M$431.0M—-$255.0M
Other income (expense), net$0.0-$2.3B-$528.0M-$642.0M-$268.0M-$1.0B
Impairment on Equity Investment—$700.0M————
Gain (Loss) on Disposal Group Held for Sale$34.0M$36.0M$18.0M$143.0M$63.0M$257.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate Statutory Reconciliation—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$9.1-$0.2-$0.1—-$0.4
Effective Tax Rate—$9.1-$0.2-$0.1—-$0.4
Effective Tax Rate, Continuing Operations—$9.1-$0.2-$0.1—-$0.4
Income Tax at U.S. Statutory Rate—-$12.0M$0.2$0.2—$252.0M
State and Local Income Taxes, Net—$17.0M$0.0$0.0—-$28.0M
Tax Reconciliation: Other Adjustments—48.9%1.1%-0.2%—-1.0%
Tax Reconciliation: Change in Valuation Allowance—-40.1%———2.3%
Effective Income Tax Rate, Continuing Operations—$9.1-$0.2-$0.1—-$0.4
Tax Reconciliation, Federal Statutory Amount—-$12.0M$0.2$0.2—$252.0M
Tax Reconciliation, Foreign Rate Differential—27.3%———-1.5%
Tax Reconciliation, Other Items—$0.5$0.0-$0.0—-$0.0
Tax Reconciliation, State and Local Taxes—-$0.3$0.0$0.0—-$0.0
Tax Reconciliation, Valuation Allowance Change—$23.0M———$28.0M
Effective Tax Rate—$9.1-$0.2-$0.1—-$0.4
Effective Tax Rate (Continuing Operations)—$9.1-$0.2-$0.1—-$0.4
Income tax expense$171.0M-$521.0M-$256.0M-$250.0M—-$489.0M
Effective Tax Rate (Continuing Operations)—$9.1-$0.2-$0.1—-$0.4
Tax Reconciliation at Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation - Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Deferred Income Tax Expense (Benefit)—-$400.0M-$112.0M——$409.0M
Effective Tax Rate (Continuing Operations)—$9.1-$0.2-$0.1—-$0.4
Effective Income Tax Rate—$9.1-$0.2-$0.1—-$0.4
Statutory Federal Income Tax Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation: Other Adjustments—-$28.0M———-$12.0M
Change in Tax Valuation Allowance—$23.0M———$28.0M
Effective Tax Rate, Continuing Operations—$9.1-$0.2-$0.1—-$0.4
Effective Tax Rate Continuing Operations—$9.1-$0.2-$0.1—-$0.4
Tax Reconciliation Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation Minority Interest—136.5%———-8.6%
Tax Reconciliation Other Adjustments—$0.5$0.0-$0.0—-$0.0
Tax Reconciliation State and Local Taxes—-$0.3$0.0$0.0—-$0.0

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Weighted Average Diluted Shares Adjustment—$5.2M$4.6M$6.0M—$9.9M
Common stock dividends per share cash paid—$0.6$0.6$0.6—$0.6
Dividends Per Share, Cash Paid—$0.6$0.6$0.6—$0.6
Common Stock Dividends Per Share Cash Paid—$0.6$0.6$0.6—$0.6
Basic earnings per share$0.58$0.41$0.99$1.18$0.74$1.05
Diluted earnings per share$0.58$0.40$0.98$1.18$0.73$1.04
Common Stock Dividends Per Share (Cash Paid)—$0.6$0.6$0.6—$0.6
Weighted Average Diluted Shares Adjustment—$5.2M$4.6M$6.0M—$9.9M
Antidilutive Securities Excluded from EPS—72.3M———8.3M
Dividends per common share—$0.6$0.6$0.6—$0.6
Dividends per share, cash paid—$0.57———$0.62
Dividends Per Share (Paid)—$0.6$0.6$0.6—$0.6
Common Stock Dividends Per Share (Cash Paid)—$0.6$0.6$0.6—$0.6
Common stock dividends per share cash paid—$0.6$0.6$0.6—$0.6
Common stock dividends per share cash paid—$0.6$0.6$0.6—$0.6
Weighted average number diluted shares outstanding adjustment—$5.2M$4.6M$6.0M—$9.9M
Weighted-average shares, basic—2.1B2.1B2.1B—2.1B
Weighted-average shares, diluted—2.1B2.1B2.1B—2.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share (Paid)—$0.6$0.6$0.6—$0.6
Change in Other Current Assets$236.0M-$222.0M$723.0M$174.0M$245.0M$368.0M
OCI Reclassification Adjustment for Sale of Securities—-$3.0M-$1.0M-$1.0M—$0.0
Common stock dividends per share cash paid—$0.6$0.6$0.6—$0.6
Comprehensive Income Including Noncontrolling Interest—$476.0M$1.7B$2.1B—$1.7B
OCI Attributable to Noncontrolling Interest—-$369.0M-$389.0M-$303.0M—-$494.0M
Other comprehensive income (loss), net of tax—$0.0$33.0M-$13.0M—-$8.0M
Common Stock Dividends Per Share (Cash Paid)—$0.6$0.6$0.6—$0.6
Comprehensive Income Attributable to Parent—$476.0M$1.7B$2.1B—$1.7B
OCI Available-for-Sale Securities Tax—$3.0M$3.0M$3.0M—-$5.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$9.0M$9.0M$10.0M—-$17.0M
Unrealized Gain (Loss) on Securities—$9.0M$9.0M$10.0M—-$17.0M
Effect of Exchange Rate on Cash (Continuing Operations)—$0.0———-$3.0M
Net Change in Cash and Restricted Cash—$1.1B———-$531.0M
Common Dividends Per Share Paid—$0.6$0.6$0.6—$0.6
Cash Dividend per Common Share—$0.6$0.6$0.6—$0.6
Comprehensive Income Including Noncontrolling Interest—$476.0M$1.7B$2.1B—$1.7B
Number of reportable segments—————2.00
Other comprehensive income (loss), after-tax—$12.0M———-$25.0M
Other investing activities, net—-$15.0M———-$45.0M
Interest Paid, Net$813.0M$631.0M$871.0M$1.1B$878.0M$1.0B
OCI Reclassification Adjustment, Sale of Securities, Net of Tax—-$3.0M———$0.0
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$9.0M$9.0M$10.0M—-$17.0M
OCI Unrealized Holding Gain (Loss) on Securities, Tax—$3.0M$3.0M$3.0M—-$5.0M
Comprehensive income (loss), including noncontrolling interest—$476.0M$1.7B$2.1B—$1.7B
Tax Benefit of Reclassification for Sale of Securities—-$1.0M———$0.0
Tax effect of unrealized gain (loss) on AFS securities—$3.0M$3.0M$3.0M—-$5.0M
Defined Benefit Plan, Amount Recognized in Net Periodic Benefit Cost (Credit) and Other Comprehensive (Income) Loss, before Tax-$64.0M-$67.0M-$67.0M-$67.0M-$66.0M-$71.0M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$72.3M$72.9M$49.7M—$8.3M
Capital investments accrued but not yet paid$2.5B$4.2B$0.0$1.2B$2.9B$6.1B
Capital Expenditures Independent Power Investments And Nuclear Fuel Purchases—$7.9B$5.7B$5.7B—$11.1B
Capital Expenditures of FPL$1.8B$2.3B$1.9B$2.5B$2.0B$3.0B
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$845.0M$2.1B$2.4B—$2.2B
Less: comprehensive income attributable to noncontrolling interest—-$369.0M-$389.0M-$303.0M—-$494.0M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest—$476.0M$1.7B$2.1B—$1.7B
Cost Recovery Clauses And Franchise Fees-$70.0M$133.0M$26.0M—$72.0M$201.0M
Deferred taxes$758.0M-$400.0M-$112.0M$52.0M$913.0M$409.0M
Gain in connection with sale$34.0M$36.0M$18.0M$143.0M$63.0M$257.0M
Effective tax rates—$9.1-$0.2-$0.1—-$0.4
Income taxes at U.S. statutory rate of 21%—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent—-$0.4———$0.0
Foreign operations—$0.3———-$0.0
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent—$1.4-$0.1-$0.0—-$0.1
Amortization of deferred regulatory credit—75.8%-2.9%-2.3%—-1.9%
Effective Income Tax Rate Reconciliation, Production And Investment Tax Credits—-947.2%47.0%38.9%—66.0%
Effective Income Tax Rate Reconciliation, Production And Investment Tax Credits, Amount—$540.0M———$791.0M
State income taxes – net of federal income tax benefit—-$0.3$0.0$0.0—-$0.0
Distributions of earnings from equity method investees$170.0M$123.0M$58.0M$172.0M$93.0M$100.0M
Gain (Loss), Foreign Currency Transaction, before Tax$84.0M-$8.0M-$48.0M—-$83.0M$138.0M
Fuel, purchased power and interchange$1.1B$1.2B$1.2B$1.4B$1.2B$1.3B
Gain (Loss) on Disposition of Assets$65.0M$34.0M$121.0M$211.0M$73.0M$257.0M
Impairment charge, net of tax—$500.0M————
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount—$23.0M———$28.0M
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount—-$12.0M———$252.0M
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Amount—-$78.0M———-$103.0M
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amortization, Amount—-$43.0M———-$23.0M
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount—-$16.0M———-$18.0M
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount—-$28.0M———-$12.0M
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount—$17.0M———-$28.0M
Cash paid (received) for income taxes - net-$145.0M-$114.0M-$239.0M-$444.0M-$478.0M-$665.0M
Increase (Decrease) in Other Current Assets$236.0M-$222.0M$723.0M$174.0M$245.0M$368.0M
Increase (decrease) in other current liabilities—-$259.0M$780.0M$285.0M—-$288.0M
Increase (decrease) in other assets$336.0M$61.0M$122.0M$163.0M$94.0M$114.0M
Increase (decrease) in all other 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
Independent Power Investments$2.8B$5.4B$3.6B$3.2B$3.1B$7.9B
Interest expense—$1.8B$1.1B$1.2B$585.0M$1.3B
Interest Paid, Excluding Capitalized Interest, Operating Activity$813.0M$631.0M$871.0M$1.1B$878.0M$1.0B
Unrealized losses—-$248.0M$539.0M$431.0M—-$255.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$741.0M$6.1B$2.1B$1.8B$3.0B$7.7B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$3.9B-$7.7B-$5.8B-$5.1B-$5.2B-$10.8B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$2.0B$2.8B$3.2B$4.0B$2.5B$2.6B
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest—-$369.0M-$389.0M-$303.0M—-$494.0M
Nuclear fuel and other amortization$69.0M$81.0M$84.0M$97.0M$99.0M$91.0M
Number of reportable segments—$2.0———$2.0
Foreign currency translation gains (losses)—$0.0$33.0M-$13.0M—-$8.0M
Other comprehensive income (loss)—$12.0M$44.0M-$2.0M—-$25.0M
Tax expense (benefit) of other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities—-$1.0M$0.0$0.0—$0.0
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held—$3.0M$3.0M$3.0M—-$5.0M
Net unrealized gains (losses) on securities still held—$9.0M$9.0M$10.0M—-$17.0M
Other income, net (Note 6)$118.0M$72.0M$71.0M$61.0M$66.0M$44.0M
All other operating activities$171.0M$122.0M$108.0M$7.0M$51.0M$312.0M
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net—-$68.0M$70.0M$63.0M—-$60.0M
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 of Dividends$1.1B$1.2B$1.2B$1.2B$1.2B$1.3B
Payments to Acquire Investments to be Held in Decommissioning Trust Fund—$1.3B$1.8B$1.5B—$1.7B
Proceeds from Decommissioning Trust Fund Assets$2.1B$1.3B$1.6B$1.4B$1.2B$1.5B
Proceeds from Issuance of Common Stock$1.0M$11.0M$11.0M$2.0B$10.0M$23.0M
Debt issued (Note 13)$8.6B$9.8B$3.2B$2.3B$8.1B$8.3B
Proceeds from other short-term debt$217.0M$850.0M$550.0M$550.0M$608.0M$650.0M
Financing — other-$249.0M-$20.0M-$124.0M-$355.0M-$232.0M-$304.0M
Net change in commercial paper-$2.3B$335.0M$2.0B$235.0M—$3.4B
Cash repayments to related parties – net$0.0-$45.0M-$84.0M$0.0-$3.0M-$2.0M
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
OPERATING REVENUES$5.4B$6.2B$6.7B$8.0B$6.5B$6.7B
Repayments of Long-Term Debt$1.2B$2.9B$2.3B$2.4B$2.8B$3.1B
Repayments of Other Short-Term Debt$5.1B$850.0M$0.0$217.0M$1.1B$0.0
Taxes other than income taxes and other – net$557.0M$594.0M$630.0M$653.0M$592.0M$628.0M
Other differential membership interests activity—-$343.0M-$13.0M-$49.0M——
Net income (loss)—$3.0M$1.0M$0.0——
Other – net—$0.0$0.0$0.0——
Add: dilutive effect of potential common shares (in shares)—$5.2M$4.6M$6.0M—$9.9M
Comprehensive Income (Loss), Total—$476.0M$1.7B$2.1B—$1.7B
Unrealized Gain (Loss) on Available-for-Sale Securities, Net—$3.0M$3.0M$3.0M—-$5.0M
Comprehensive Income Attributable to Noncontrolling Interests—-$369.0M-$389.0M-$303.0M—-$494.0M
Comprehensive Income, Including Noncontrolling Interest—$476.0M$1.7B$2.1B—$1.7B
Other Comprehensive Income (Loss)—$0.0$0.0$0.0——
Tax on Unrealized Gain (Loss) on Securities—$3.0M$3.0M$3.0M—-$5.0M
Foreign Currency Translation Adjustment, Net of Tax—$0.0$33.0M-$13.0M—-$8.0M
Other Comprehensive Income (Loss)—$845.0M$2.1B$2.4B—$2.2B
Comprehensive Income Including Noncontrolling Interest—$476.0M$1.7B$2.1B—$1.7B
Total Comprehensive Income—$476.0M$1.7B$2.1B—$1.7B
Comprehensive Income, Noncontrolling Interest—-$369.0M-$389.0M-$303.0M—-$494.0M
Cash Dividends Paid—$1.2B———$1.3B
Comprehensive Income—$476.0M———$1.7B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Comprehensive income (loss), including noncontrolling interest—$476.0M$1.7B$2.1B—$1.7B
Net income attributable to noncontrolling interests—-$369.0M———-$494.0M
Impairment charge, net of tax—$500.0M————
Net income$1.2B$833.0M$2.0B$2.4B$1.5B$2.2B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$1.5B$1.1B$1.8B$2.1B$1.6B$1.4B
Depreciation and amortization excluding nuclear fuel$1.5B$1.1B$1.8B$2.1B$1.6B$1.4B
Gain (loss) on disposal group, not discontinued operation$34.0M$36.0M$18.0M$143.0M$63.0M$257.0M
Increase (decrease) in recoverable property damage costs$537.0M$177.0M$169.0M$72.0M$42.0M$16.0M
Nuclear fuel and other amortization—$81.0M———$91.0M
Taxes other than income taxes$557.0M$594.0M$630.0M$653.0M$592.0M$628.0M
Unrealized gain (loss) on derivatives and commodity contracts$1.0B-$964.0M-$39.0M——-$16.0M
Other operating expenses$4.5B$4.0B$4.8B$5.6B$5.0B$4.8B
Other operations and maintenance$1.3B$1.2B$1.2B$1.4B$1.6B$1.4B
Total operating expenses$4.5B$4.0B$4.8B$5.6B$5.0B$4.8B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fuel and purchased power$1.1B$1.2B$1.2B$1.4B$1.2B$1.3B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.0B-$57.0M$1.4B$1.9B$1.3B$1.2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cost recovery clauses and franchise fees-$70.0M$133.0M$26.0M—$72.0M$201.0M
Total revenue$6.6B$6.0B$6.4B$7.4B$7.7B$6.1B
Operating Lease Payment Income—$60.0M———$103.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$941.0M$2.3B$1.9B$2.5B$1.6B$2.2B