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NextEra Energy rises on Q1 profit beat

ReutersApr 23, 2025 3:41 PM

Utility firm NextEra Energy's NEE.N shares up ~2% to $67.98

Company beats Q1 estimates, helped by rate hikes at its electric utility and increased power demand

NEE's unit Florida Power & Light reports a profit of $1.31 billion compared with $1.17 billion a year earlier

FPL's capex totaled $2.4 billion in Q1; company expects to invest between $8 billion and $8.8 billion in 2025

Company sees tariff impact of $150 million in its capital expenditure

Company posts adjusted profit of 99 cents per share vs est. 97 cents - data compiled by LSEG

Including session's moves, shares down 4.5% YTD

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