D

NextEra Energy announced Q3 2026 results targeting the high end of its earnings guidance, driven by surging electricity demand from data centers and electrification. The company added 3.7 gigawatts of renewables to its backlog, achieved over two-thirds of its 2026-2029 development targets, and recontracted 1,400 megawatts of renewables at a $20/MWh premium. NextEra's fee-based federal hubs strategy allows it to monetize data center demand without capital risk, while the pending Dominion Energy merger is expected to close in H2 2027.

NextEra Energy (NEE) reported Q3 adjusted EPS of $1.24, beating consensus estimates by 3.3%, driven by strong performance from Florida Power & Light and NextEra Energy Resources. The company added 3.7 GW to its renewables backlog and maintained its 2026 EPS guidance of $3.92-$4.02.

However, total revenues missed expectations. NEE continues advancing its pending merger with Dominion Energy, expected to close in H2 2027.

Dominion Energy (D) closed at $63.67, up 1.28%, outperforming the S&P 500's 1.09% decline. The stock has lost 2.22% over the past month.

Analysts expect Q3 EPS of $1.17 (up 10.38% YoY) and revenue of $4.78 billion (up 5.58% YoY), with full-year estimates of $3.59 EPS and $18.36 billion revenue. The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 17.51, slightly above the industry average of 17.18.