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 year earlier.

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 $5.56 billion.

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 matt.grossman@wsj.com

 

(END) Dow Jones Newswires

January 26, 2021 08:48 ET (13:48 GMT)

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