Skip to Content
Global News Select

NextEra Energy 2Q Profit Declines on Lower Revenue

By Matt Grossman


NextEra Energy Inc. on Friday posted lower operating revenue and earnings year over year in the second quarter and reiterated its full-year earnings guidance.

The Juno Beach, Fla.-based utility posted earnings attributable to the company of 13 cents a share, a decline from 65 cents a share a year earlier. The total net income attributable to the company was $256 million, compared with $1.28 billion in 2020's second quarter.

Stripping out one-time items, NextEra's adjusted earnings were 71 cents a share. Analysts were expecting adjusted earnings of 70 cents a share, according to FactSet.

Revenue was $3.93 billion. A year earlier, NextEra's revenue was $4.2 billion.

FPL, the utility's largest business segment, posted earnings of 42 cents a share on revenue of $3.22 billion, up from 38 cents a share in the prior-year quarter.

NextEra Energy Resources, the clean energy business, reported a loss of 16 cents a share, compared with a profit of 24 cents a share in the prior-year quarter.

NextEra reiterated its previous full-year adjusted earnings guidance of $2.40 a share to $2.54 a share.


Write to Matt Grossman at


(END) Dow Jones Newswires

July 23, 2021 08:04 ET (12:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.