In the United States, NextEra Energy on Thursday reported first-quarter results that surpassed Wall Street expectations, reflecting robust electricity demand and continued expansion in its renewable energy portfolio.
The company posted adjusted earnings of $1.09 per share for the period, exceeding analysts’ average estimate of 96 cents, according to market data, while its shares edged higher in premarket trading.
Growth was underpinned by rising U.S. power consumption, driven by population increases, electrification trends, and surging demand from data centers and industrial users.
Its regulated utility arm, Florida Power & Light, recorded net income of $1.46 billion, marking an 11.1% increase from a year earlier.
The utility added 100,000 new customers during the quarter and expanded its solar capacity to over 8.5 gigawatts, reinforcing its position in clean energy generation.
Meanwhile, NextEra Energy Resources strengthened its development pipeline, adding 4 gigawatts of new renewable and storage projects, including 1.3 gigawatts of battery storage.
This pushed its total project backlog to approximately 33 gigawatts, highlighting sustained momentum in renewable deployment and grid-scale storage investments.
The unit is also advancing a strategy to support data center growth, with plans to develop 9.5 gigawatts of gas-fired generation capacity in Texas and Pennsylvania.
NextEra maintained its full-year earnings outlook of $3.92 to $4.02 per share, signaling confidence in its operational trajectory despite evolving market conditions.
It also reaffirmed its long-term target of achieving more than 8% annual earnings growth through 2032, supported by its diversified energy portfolio and capital investment pipeline.