NextEra Energy (NYSE:NEE) shares are climbing premarket Thursday after the company reported its latest quarterly earnings, topping earnings and revenue expectations.
The utility company reported Q4 EPS of $0.52, $0.02 better than the analysts' estimate of $0.50, while revenue for the quarter came in at $6.88 billion, above the consensus estimate of $5.84 billion.
NEE shares are up more than 2% at over $58 per share at the time of writing.
The company said it had a record year of new renewables and storage origination, adding approximately 9,000 megawatts to its backlog.
"NextEra Energy had an excellent year of execution in 2023, growing full-year adjusted earnings per share by more than 9% over 2022," said John Ketchum, chairman, president and chief executive officer. "Due to strong operational and financial performance at both FPL and NextEra Energy Resources, we exceeded the high end of our adjusted earnings per share expectations range and continued our track record of providing long-term value for shareholders.
Looking ahead, the company sees FY2024 earnings between $3.23 and $3.43 per share versus the consensus of $3.40. NEE also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2024.