NextEra Energy, Inc. has announced its Q4 earnings, which display a decrease in profits compared to the previous year but nonetheless surpass market expectations.
The energy company's net income amounted to $1.21 billion, or earnings of $0.59 per share. This demonstrates a contrast to the prior year's Q4 results, where the company recorded $1.52 billion in profit, or earnings per share of $0.76.
When disregarding specific, non-regular items, NextEra Energy posted an adjusted net income of $1.07 billion, equivalent to $0.52 per share, for this quarter. According to data gathered by Thomson Reuters, the average market forecast had predicted the company to report per-share earnings of $0.49. These predictions generally do not take into account any extraordinary items.
NextEra Energy also experienced an increase in revenue, rising 11.7% to reach $6.88 billion, up from $6.16 billion in last year's fourth quarter.
To summarize, under generally accepted accounting principles (GAAP), NextEra Energy's Q4 earnings highlight:
- A net income of $1.21 billion, down from $1.52 billion in the previous year.
- Earnings per share of $0.59, lower than the $0.76 from last year.
- Revenues that hit $6.88 billion, an increase from the $6.16 billion reported in the same period the prior year.
- The company's earnings exceeded the market expectations of $0.49 per share.
