Discontinued — last reported Q3 '24
NEER Segment — Operating expenses – net
Business Segments · Operating expenses – netNextra Energy NEER Segment — Operating expenses – net increased by 2.8% to $1.72B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $1.47B to $1.72B. Over 2 years (FY 2021 to FY 2023), NEER Segment — Operating expenses – net shows an upward trend with a 13.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to revenue indicates improved operational efficiency and margin expansion, while an increase may signal rising maintenance costs or inflationary pressures.
Detailed definition
This metric aggregates the total costs incurred to operate and maintain the competitive generation and renewable energy...
Peer comparison
Standard operating expense metrics used by independent power producers to benchmark cost-per-megawatt-hour efficiency against industry peers.
nee_segment_neer_segment_operating_expenses_netHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.02B | $1.09B | $1.15B | $1.17B | $1.20B | $1.34B | $1.43B | $1.33B | $1.32B | $1.47B | $1.59B | $1.56B | $1.67B | $1.72B |
| QoQ Change | — | +6.8% | +4.8% | +1.9% | +3.0% | +11.5% | +6.5% | -7.2% | -0.6% | +11.6% | +8.4% | -2.4% | +7.2% | +2.8% |
| YoY Change | — | — | — | — | +17.6% | +22.7% | +24.6% | +13.4% | +9.5% | +9.6% | +11.6% | +17.4% | +26.7% | +16.7% |
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Frequently Asked Questions
- What is Nextra Energy's neer segment — operating expenses – net?
- Nextra Energy (NEE) reported neer segment — operating expenses – net of $1.72B in Q3 2024.
- How has Nextra Energy's neer segment — operating expenses – net changed year-over-year?
- Nextra Energy's neer segment — operating expenses – net increased by 16.7% year-over-year, from $1.47B to $1.72B.
- What is the long-term trend for Nextra Energy's neer segment — operating expenses – net?
- Over 2 years (2021 to 2023), Nextra Energy's neer segment — operating expenses – net has grown at a 13.4% compound annual growth rate (CAGR), from $4.43B to $5.71B.
- What does neer segment — operating expenses – net mean?
- The total net costs required to operate and maintain the renewable energy and competitive power generation business.