NextEra Energy (NEE) Financials

NextEra Energy (NYSE: NEE) has demonstrated steady financial growth over the past four years through fiscal Q2 2025, with several key positive trends evident in its financial statements:

• Net income has substantially increased from approximately $1.27 billion in Q4 2022 to $1.64 billion in Q2 2025, evidencing solid profitability growth.
• Operating revenue consistently rose from about $6.16 billion in Q4 2022 to $6.7 billion in Q2 2025, indicating steady business expansion.
• NextEra's investment in property, plant, and equipment has grown, with net PP&E increasing from $111 billion in Q4 2022 to approximately $146 billion by Q2 2025, showing a considerable capital expenditure commitment that supports future capacity and growth.
• The company has generated strong operational cash flow, with net cash from continuing operating activities climbing from $995 million in Q4 2022 to $3.19 billion in Q2 2025, reflecting efficiency and solid cash generation from core business operations.
• Dividends per share have increased steadily over the years, reaching $0.5665 in Q2 2025, demonstrating commitment to returning value to shareholders.
• Debt issuance has been well managed, with issuance of new debt exceeding repayment in recent quarters, supporting capital investments while maintaining liquidity.
• Total liabilities have increased as the company grows, reaching approximately $138 billion as of Q2 2025, which is typical for capital-intensive utilities but worth watching for leverage levels.
• Accounts receivable balances have grown over the period, totaling $5.59 billion in Q2 2025, which suggests expanding revenue but also requires effective collection management.
• Net cash from investing activities is consistently negative, particularly due to heavy investments in property, plant, equipment, and securities purchases. For Q2 2025, the net cash used in investing activities was approximately -$5.82 billion, reflecting significant capital deployment that could pressure short-term liquidity.
• Interest expense remains high (over $1 billion in Q2 2025), which could impact net income, especially if interest rates rise or debt levels increase further.

Summary: NextEra Energy is on a solid growth trajectory with increasing revenues and net income, supported by heavy investments in infrastructure. Operational cash flow is robust, facilitating ongoing capital expenditures and dividend payments. However, the company carries substantial debt and high interest costs, alongside significant ongoing capital investment demands, which investors should monitor. Overall, these factors position NEE as a strong utility with growth opportunities tempered by capital and debt management considerations.