NextEra Energy said Tuesday its renewables subsidiary had its best origination quarter in its history, adding about 3.25 GW to its backlog.
NextEra Energy Resources’ (NEER) backlog now exceeds 21 GW, net of projects placed in service. The clean-energy unit placed a little over 1 GW of resources into service.
NEER and Florida Power & Light, the nation’s largest electric utility, added 65,000 more customers from a year earlier, helping NextEra beat Wall Street estimates.
NextEra reported third-quarter earnings of $1.219 billion ($0.60/share), compared to $1.696 billion ($0.86/share) for the same period a year ago.
“We will be disappointed if we are not able to deliver financial results at, or near the top of, our adjusted earnings per share expectations ranges in each year through 2026,” CEO John Ketchum told financial analysts during the company’s third-quarter conference call.
“The strength of both businesses … combined with our competitive advantages and strong balance sheet, positions us to continue creating long-term value,” he said.
NextEra’s share price closed at $55.12 Tuesday, a gain of $3.60 and nearly 7% on the day.
