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Nextra Energy NEE Allowance for equity funds used during construction

Other financials

Income statement

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Revenue$6.1B+1.7%
Operating income$2.2B-2.1%
Net income$2.2B+162%
EPS (diluted)$1.04+160%

Balance sheet

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Cash & equivalents$2.5B-2.9%
Total debt$97.8B+11.8%
Total equity$55.2B+10.9%
Total assets$221.42B+14.0%

Cash flow

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Operating cash flow$2.6B-5.6%
CapEx$3.0B+30.1%
Free cash flow-$432.0M-201%

Valuation

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Market cap$186.75B+23.2%
Enterprise value$282.06B+18.5%
P/E22.8×-2.8×
P/S6.8×+0.9×

Profitability

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Operating margin29.8%-0.8pp
Net margin29.6%+7.8pp
FCF margin10.5%-8.7pp

Returns & leverage

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Return on equity15.6%+4.4pp
Debt / equity1.8×0.0×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Nextra Energy in its filing.

Tagged under the XBRL concept us-gaap:PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity.

The official record: Nextra Energy’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nextra Energy's allowance for equity funds used during construction?
Nextra Energy (NEE) reported allowance for equity funds used during construction of $52M in Q1 2026.
How has Nextra Energy's allowance for equity funds used during construction changed year-over-year?
Nextra Energy's allowance for equity funds used during construction increased by 36.8% year-over-year, from $38M to $52M.
What is the long-term trend for Nextra Energy's allowance for equity funds used during construction?
Over 4 years (2021 to 2025), Nextra Energy's allowance for equity funds used during construction has grown at a 6.3% compound annual growth rate (CAGR), from $142M to $181M.
What does allowance for equity funds used during construction mean?
This represents the non-cash equity component of the allowance for funds used during construction, reflecting the cost of equity capital allocated to capital-intensive utility projects. It is a standard accounting practice in regulated utilities to capitalize these costs during the construction phase before assets are placed into the rate base. This metric highlights the company's investment in long-term infrastructure growth.