NextEra Energy’s Q4 2024 Revenue Drops 21.69%
POWER & RENEWABLE ENERGY

NextEra Energy’s Q4 2024 Revenue Drops 21.69%

U.S.-based power producer NextEra Energy reported a 21.69% year-over-year (YoY) drop in consolidated revenue to $5.38 billion in the fourth quarter (Q4) of the financial year (FY) 2025 from $6.88 billion. The top line declined 21.7% YoY due to weaker contributions from Florida Power & Light Company and NextEra Energy Resources, the company’s renewables arm. 
NextEra reported earnings per share (EPS) of $0.53, up from $0.52 in the corresponding quarter of the previous year. The company’s profit after tax (PAT) rose 2.62 % YoY to $1.09 billion from $1.07 billion. 
The company reported a 9.65% YoY surge in PAT to $7.06 billion from $6.44 billion. The EPS came in at $3.43 in FY 2025 from an EPS of $0.11 in FY 2024. Revenue, however, fell 11.95% YoY to $24.75 billion from $28.11 billion. 
The company’s renewable business, NextEra Energy Resources, added over 12 GW of new renewables and battery storage projects to its backlog, including approximately 3.3 GW since Q3 FY 2025. With more than 6 GW of new projects placed into service over the last four quarters, NextEra Energy Resources’ backlog currently crosses 25 GW. 
Over the next four years alone, the company plans to invest roughly $120 billion nationwide to grow its combined fleet to approximately 121 GW. NextEra Energy Resources reported a net loss attributable to NextEra Energy of $442 million, or $0.21 per share, in Q4 FY25, compared to net income attributable to NextEra Energy of $885 million, or $0.43 per share, in the corresponding quarter of the previous year. 
On an adjusted basis, NextEra Energy Resources’ earnings for the quarter were $446 million, or $0.22 per share, compared to $361 million, or $0.18 per share, for the corresponding quarter of the previous year. For 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.63 to $4.00 and $3.85 to $4.32, respectively NextEra Energy reported a net income of $1.85 billion for the Q3 of 2024, a 52.8% increase from $1.21 billion in 2023. In 2023, the company announced that it would focus solely on growing its renewable energy portfolio and sell off its STX Midstream and Meade natural gas pipeline assets in 2023 and 2025. 

U.S.-based power producer NextEra Energy reported a 21.69% year-over-year (YoY) drop in consolidated revenue to $5.38 billion in the fourth quarter (Q4) of the financial year (FY) 2025 from $6.88 billion. The top line declined 21.7% YoY due to weaker contributions from Florida Power & Light Company and NextEra Energy Resources, the company’s renewables arm. NextEra reported earnings per share (EPS) of $0.53, up from $0.52 in the corresponding quarter of the previous year. The company’s profit after tax (PAT) rose 2.62 % YoY to $1.09 billion from $1.07 billion. The company reported a 9.65% YoY surge in PAT to $7.06 billion from $6.44 billion. The EPS came in at $3.43 in FY 2025 from an EPS of $0.11 in FY 2024. Revenue, however, fell 11.95% YoY to $24.75 billion from $28.11 billion. The company’s renewable business, NextEra Energy Resources, added over 12 GW of new renewables and battery storage projects to its backlog, including approximately 3.3 GW since Q3 FY 2025. With more than 6 GW of new projects placed into service over the last four quarters, NextEra Energy Resources’ backlog currently crosses 25 GW. Over the next four years alone, the company plans to invest roughly $120 billion nationwide to grow its combined fleet to approximately 121 GW. NextEra Energy Resources reported a net loss attributable to NextEra Energy of $442 million, or $0.21 per share, in Q4 FY25, compared to net income attributable to NextEra Energy of $885 million, or $0.43 per share, in the corresponding quarter of the previous year. On an adjusted basis, NextEra Energy Resources’ earnings for the quarter were $446 million, or $0.22 per share, compared to $361 million, or $0.18 per share, for the corresponding quarter of the previous year. For 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.63 to $4.00 and $3.85 to $4.32, respectively NextEra Energy reported a net income of $1.85 billion for the Q3 of 2024, a 52.8% increase from $1.21 billion in 2023. In 2023, the company announced that it would focus solely on growing its renewable energy portfolio and sell off its STX Midstream and Meade natural gas pipeline assets in 2023 and 2025. 

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?