NEE NextEra Energy Inc

By Matt Grossman

NextEra Energy Inc. on Friday posted lower operating revenue and earnings year over year in the second quarter and reiterated its full-year earnings guidance.

The Juno Beach, Fla.-based utility posted earnings attributable to the company of 13 cents a share, a decline from 65 cents a share a year earlier. The total net income attributable to the company was $256 million, compared with $1.28 billion in 2020's second quarter.

Stripping out one-time items, NextEra's adjusted earnings were 71 cents a share. Analysts were expecting adjusted earnings of 70 cents a share, according to FactSet.

Revenue was $3.93 billion. A year earlier, NextEra's revenue was $4.2 billion.

FPL, the utility's largest business segment, posted earnings of 42 cents a share on revenue of $3.22 billion, up from 38 cents a share in the prior-year quarter.

NextEra Energy Resources, the clean energy business, reported a loss of 16 cents a share, compared with a profit of 24 cents a share in the prior-year quarter.

NextEra reiterated its previous full-year adjusted earnings guidance of $2.40 a share to $2.54 a share.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

July 23, 2021 08:04 ET (12:04 GMT)

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