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NextEra Energy(NYSE:NEE) reported its second-quarter financial results on June 24.
The utility giant generated robust earnings growth, as its adjusted earnings per share surged 9.5%.
The company is benefiting from strong power demand growth from AI data centers and other catalysts.
Here's a closer look at that report and whether investors shouldbuy the utility stockright now.
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Both the utility's businesses, FPL and Energy Resources, delivered strong results.
The company's regulatedelectric utilityin Florida, FPL, generated $1.4 billion in net income, up nearly 11% year over year.
It continues to benefit from Florida's economic growth, adding more than 90,000 customers over the past year.
That's driving heavy capital spending ($12 billion to $13 billion this year) to support the state's growing power demand.
FPL is seeing robust demand from data center developers and other large customers.
Meanwhile, its clean energy infrastructure development platform, NextEra Energy Resources, reported earnings growth of more than 18% to about $1.3 billion.
It placed 1.1 gigawatts (GW) of new projects into service over the past three months to support growing power demand from other utilities and large customers.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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