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Nextra Energy Business Segments

Business, geographic, and product segment breakdowns

Nextra Energy generates $27.6B in annual revenue across 1 key segments: NEER ($2.4B). The company-wide operating margin is 29.81%. Based on the Q1 2026 filing.

NEER$2.4B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$184.68B
P/E Ratio22.57
ROE15.58%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
OPERATING REVENUES$263.3M$278.5M$278.5M$278.5M$278.5M—

Business Segments

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Generation Assets Unit Member$424.0M———$420.0M—
Corporate and Other$11.0M———$11.0M—
Customer Supply$299.0M———$299.0M—
Rate Regulated Transmission$1.2B———$1.2B—

AFUDC capitalized

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
FPL$61.3M$55.8M$55.8M$55.8M$55.8M—

Capital expenditures, independent power and other investments and nuclear fuel purchases

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$1.8B$2.4B$2.0B$2.5B$2.1B$3.2B

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$856.0M$408.0M$1.1B$1.4B$905.0M$665.0M

Electric utility plant and other property – net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$76.2B$77.4B$78.9B$80.5B$81.8B$84.1B

Fuel, purchased power and interchange

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$866.0M$936.0M$946.0M$1.1B$872.0M$992.0M

Gains (losses) on disposal of businesses/assets – net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
FPL$250.0K$250.0K$250.0K$250.0K$250.0K—

Income (Loss) from Equity Method Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$0.0$0.0$0.0$0.0$0.0$0.0

Income Tax Expense (Benefit)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$157.0M$215.0M$164.0M$52.0M$288.0M-$18.0M

Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$304.0M$317.0M$326.0M$320.0M$320.0M$338.0M

Investment in equity method investees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$0.0$0.0$0.0$0.0$0.0$0.0

NET INCOME

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$845.0M$1.3B$1.3B$1.5B$958.0M$1.5B

NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$0.0$0.0$0.0$0.0$0.0$0.0

OPERATING REVENUES

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$3.9B$4.0B$4.7B$5.3B$4.3B$4.3B

Other operations and maintenance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$438.0M$379.0M$442.0M$432.0M$517.0M$379.0M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$59.0M$49.0M$48.0M$38.0M$59.0M$53.0M

Taxes other than income taxes and other – net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$449.0M$475.0M$523.0M$547.0M$472.0M$506.0M

TOTAL ASSETS

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Florida Power & Light Company$98.1B$100.1B$101.8B$103.6B$105.2B$108.6B

Long-term debt, gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER$2.1B———$2.4B—

Long-Term Debt, Weighted Average Interest Rate, at Point in Time

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER5.3%———5.3%—

2026

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$11.0B———$16.4B—

2027

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$7.5B$9.5B$11.9B$14.3B$10.7B$13.3B

2028

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$3.8B$3.9B$5.3B$7.5B$5.1B$5.6B

2029

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$1.5B$1.3B$2.8B$3.3B$1.7B$1.6B

2030

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$1.2B$1.4B$1.4B$1.7B$1.7B$1.7B

Capacity payments and/or minimum payments - 2030

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$70.0M$95.0M$125.0M$140.0M$140.0M$155.0M

Commitment amount included in capital expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$3.2B$5.1B$5.0B$7.4B$8.7B$10.3B

Commitment to invest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$175.0M$170.0M$165.0M$155.0M$150.0M$150.0M

Joint Obligations First Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$870.0M———$1.1B—

Joint Obligations Remainder Current Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment—$925.0M$875.0M$460.0M—$1.6B

Joint Obligations Second Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$40.0M$40.0M$190.0M$725.0M$315.0M$470.0M

Planned New Generation To Be Added over 5 Years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment663.009035.002853.00609.000.0013650.00

Property, plant and equipment – net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$62.5B$64.6B$66.7B$69.4B$74.3B$78.1B

Remainder of 2024

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment—$4.3B$3.5B$2.8B—$7.5B

Remainder of 2025

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment—$9.1B$7.4B$4.5B—$13.8B

Required Capacity And Or Minimum Payments After Fifth Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$370.0M$350.0M$425.0M$475.0M$360.0M$485.0M

Required Capacity And Or Minimum Payments First Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$3.9B———$6.8B—

Required Capacity And Or Minimum Payments Fourth Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$120.0M$140.0M$240.0M$310.0M$200.0M$230.0M

Required Capacity And Or Minimum Payments Second Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$815.0M$2.0B$2.6B$5.2B$1.9B$2.6B

Required Capacity And Or Minimum Payments Third Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$250.0M$535.0M$515.0M$1.0B$495.0M$615.0M

Total Planned Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NEER Segment$25.0B$25.1B$28.8B$31.3B$35.6B$36.1B