NextEra Energy Breaks Even in 4Q as Revenue Declines
By Matt Grossman
NextEra Energy Inc. on Tuesday said it broke even on a per-share
basis in the latest quarter as operating revenue declined from a
The Juno Beach, Fla.-based utility logged a fourth-quarter loss
of $5 million, compared with a profit of $975 million in the same
three-month period a year earlier. On a per-share basis, the
company broke even in the latest quarter, compared with a profit of
50 cents a share a year ago.
NextEra Energy's fourth-quarter adjusted profit was 40 cents a
share. Analysts surveyed by FactSet were expecting an adjusted
profit of 38 cents a share.
Operating revenue was $4.4 billion, down from $4.59 billion in
last year's fourth quarter. Analysts had been expecting revenue of
The quarterly loss grew for NextEra Energy Resources, the
company's clean-energy subsidiary. It posted a quarterly loss of 33
cents a share, compared with 22 cents a share a year earlier.
Florida Power & Light Co.'s profit grew to 25 cents a share,
from 20 cents a share a year ago. Gulf Power Co. saw its profit
rise to 3 cents a share, from 1 cent a share a year ago.
Write to Matt Grossman at email@example.com
(END) Dow Jones Newswires
January 26, 2021 08:48 ET (13:48 GMT)
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