NextEra Energy (NEE) Tops Q1 EPS by 24c; Maintains Outlook

NextEra Energy (NYSE: NEE) reported Q1 EPS of $1.75, $0.24 better than the analyst estimate of $1.51.

GUIDANCE:

NextEra Energy maintained FY2017 EPS of $6.35-$6.85.

NextEra Energy sees FY2018 EPS of $6.80-$7.30.

"NextEra Energy delivered solid first-quarter results, representing a strong start toward achieving our overall objectives for 2017," said Jim Robo, chairman and chief executive officer of NextEra Energy. "NextEra Energy's first-quarter adjusted earnings per share increased approximately 10.1 percent from the prior-year comparable period, primarily reflecting contributions from continued investments at both FPL and NextEra Energy Resources. At FPL, we continued to advance our strategy of making smart, long-term investments in clean energy infrastructure, while keeping electric bills low, reliability high and delivering superior customer value. Consistent with this strategy, we announced plans to add nearly 2,100 megawatts of universal solar generation across Florida over the next several years and construct a modernized highly fuel-efficient natural gas plant near Fort Lauderdale on the site of one of our oldest power plants to help meet the future power needs of the region. The first quarter represented an excellent period of project origination for the NextEra Energy Resources team. We remain as enthusiastic as ever about the fundamentals for North American renewables growth, driven by the continued execution of our development organization. Given our outstanding opportunity set, we believe our organic growth prospects are second to none in the industry."

For earnings history and earnings-related data on NextEra Energy (NEE) click here.

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