By Kimberly Chin

 

NextEra Energy Inc. raised its adjusted earnings outlook for the year.

The energy company now expects adjusted earnings to be $2.75 to $2.85 a share, up from its previous guidance for $2.55 to $2.75 a share.

The company expects adjusted earnings to rise at a compound annual rate of 6% to 8% from its 2022 adjusted EPS target in 2023 through 2025, it said.

For 2023, NextEra projects an adjusted EPS of $2.93 to $3.08, up from its prior forecast of $2.77 to $2.97. It now anticipates earnings in the range of $3.13 to $3.33 a share for 2024 and $3.35 to $3.60 for 2025.

Next Era's Florida Power & Light reached a four-year rate settlement agreement with the Florida Public Service Commission in October. The company said this will help support its continued investments in clean energy for Florida customers.

The company also said it expects NextEra Energy Resources, its clean energy business, to drive meaningful growth in its renewables and storage business given higher demand for decarbonization.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

January 25, 2022 08:38 ET (13:38 GMT)

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