← All forecasts · October 19

NEE / Q3 2026

NextEra Energy

Reported: October 21, 2026

Published forecast

2026-10-20T08:37:57.308461+00:00

Opus 5.5 High in Shortcut

Shortcut

1.18

Shortcut normalized EPS

-0.2% vs Street

Off by $0.06 per share

Street

1.18

Street normalized EPS

Frozen October 18 snapshot

Off by $0.06 per share

Real

1.24

Issuer adjusted diluted EPS

Street win

Reported result · October 21 ↗ · Issuer adjusted EPS retained; comparison uses the original unrounded forecast $1.1777936963 and frozen Street $1.18.

USD per diluted common share. Percentages use unrounded forecasts.

Model download

Explore the assumptions and calculations behind the forecast.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

The FPL, NextEra Energy Resources and Corporate earnings build produces adjusted diluted EPS of $1.1778 versus the Street’s $1.18. The small difference is visible at full precision.

The model forecasts $8.24bn in revenue. It assumes new base rates offset the FPL storm-surcharge roll-off. Operating-income detail and residual GAAP tax are separate illustrative calculations, not independent validation of adjusted EPS.

On the record.

Reporting basis
Normalized (company adjusted) diluted EPS per common share, USD — same basis as CapIQ normalized consensus
Forecast completed
2026-10-19T23:44:52.590503+00:00
Published
2026-10-20T08:37:57.308461+00:00
Model assumptions and review notes
  • Adjusted EPS is built from FPL, NextEra Energy Resources and Corporate adjusted earnings. GAAP operating income and margin are separate bottom-up memos; residual GAAP tax reconciles to top-down net income, rather than validating those operating metrics.
  • FPL assumes new base rates offset the storm surcharge roll-off while storm amortization is removed. Without that offset, tracked revenue and operating income could be lower by up to$386m; reserve-amortization assumptions remain source-limited. The segment-built adjusted EPS is not derived from those operating-income memos.
  • Debt issuance is a net plug, customer averages use a midpoint convention, and some historic shares are derived. Minor note/zero-format/shrink-to-fit issues remain. The four annual derived FPL flows were corrected to quarter sums without changing the scored EPS calculation.
Research sources