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NextEra Energy Posts 9% Revenue Growth in Q1 2025, Boosts Renewables Backlog

NextEra Energy reported $6.25 billion in revenue for Q1 2025, a 9% year-over-year (YoY) increase, though it missed analysts’ estimates by $384.23 million. GAAP net income fell sharply to $833 million due to unfavorable mark-to-market impacts. However, adjusted earnings grew 8.8% YoY to $2.04 billion, exceeding expectations slightly.

Subsidiary Florida Power & Light (FPL) posted $3.99 billion in revenue and added 894 MW of new solar capacity, bringing its solar portfolio to over 7.9 GW. NextEra Energy Resources (NEER), the renewable energy arm, saw revenues grow to $2.16 billion but suffered a sharp drop in net income to $172 million due to hedge losses.

Nevertheless, NEER added approximately 3.2 GW of clean energy and storage projects to its backlog, which now totals 28 GW.

CEO John Ketchum reaffirmed NextEra’s adjusted EPS guidance of $3.45–$3.70 for 2025 and outlined strategies to mitigate tariff risks through diversified supply chains and supplier contracts. NextEra has secured significant U.S.-made battery supply and hedged interest rate exposure across its projects. The company remains on track to operate over 70 GW of renewables and storage capacity by the end of 2027, reinforcing its leadership in clean energy deployment.