Episode
NextEra Energy Stock: It Beat Earnings and Is Buying Dominion — So Why We Say HOLD (NEE Q2 2026)
- Published
- Jul 24, 2026
- Duration seconds
- 858
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Summary
NextEra Energy (NEE) Q2 2026 — NextEra Energy (NEE), the largest U.S. electric utility and the world's biggest generator of wind and solar, reported a solid Q2 2026 on July 24: adjusted EPS of $1.15 beat the ~$1.10 estimate (+9.5% YoY), though revenue of $7.53B missed the ~$8.0B consensus. Florida Power & Light earned $1.41B ($0.67/sh) as its regulated rate base grew 9.3%; NextEra Energy Resources earned $1.29B adjusted ($0.62/sh) and signed another 3.6 GW of renewables/storage (incl. 2 GW batteries), lifting its backlog to ~35 GW. Management reaffirmed FY2026 adjusted EPS of $3.92-$4.02 (targeting the top end) and >8%/yr long-range EPS growth through 2032 — but slowed dividend growth to ~6% (from ~10%) to help fund the pending, transformational Dominion Energy merger. The stock (~$89, roughly flat on the print) trades at ~22x forward earnings, a premium to peers. Our blended P/E + dividend-discount fair value lands near $90 — essentially the price. Our call: HOLD, 3/5 — a notch below the Street's ~$99 Buy. NextEra Energy is the bluest of blue-chip utilities — the largest electric utility in America and the world's number-one generator of wind and solar, built on two engines: Florida Power & Light, the gold-standard regulated utility serving ~12M Floridians, and NextEra Energy Resources, the world's leading clean-power developer. Q2 2026 (reported July 24) was a solid quarter: adjusted EPS of $1.15 beat the ~$1.10 estimate (+9.5% YoY) and GAAP EPS was $1.50, though revenue of $7.53B came in light versus the ~$8.0B consensus. FPL earned $1.41B ($0.67/sh) on 9.3% rate-base growth; Resources earned $1.29B adjusted ($0.62/sh) and added 3.6 GW to its renewables/storage backlog (incl. 2 GW of batteries), pushing the pipeline to ~35 GW. Management reaffirmed FY2026…