Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Rate hedges, not power sales, drove the profit jump
Operating income rose 3.84%, but revalued interest rate contracts turned a borrowing cost into a gain below that line.
For investorsWhat NextEra's earnings rest on once the hedge swings are set aside
For foundersFunding growth with other people's capital: the NextEra playbook
FPL earned about 11.8% on its retail rate base, so new plant, not extra usage, is what lifts its profit.
Investors in NEER's projects absorbed losses, lifting profit attributable to NextEra above consolidated net income for the quarter.
Fuel rose 19.4% while operating income still grew, because FPL recovers fuel through a clause in customers' bills.
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Business Lens describes NextEra Energy from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
