NextEra Energy (NEE, Financial) has released its financial results for the third quarter of the 2024 fiscal year. The company reported a net profit of $1.852 billion, marking a 51.93% increase compared to the same period last year. However, operating revenue was down by 10.90%, totaling $6.596 billion. The basic earnings per share stood at $0.90.
On its balance sheet, NextEra Energy recorded total liabilities of $126.475 billion, including short-term debt of $16.667 billion. The company has an asset-to-liability ratio of 1.00 and a current ratio of 0.42, indicating its short-term liquidity status.
As of the reporting date, 18 financial institutions have projected target prices for NextEra Energy's stock, with an average target price of $88.67. The lowest target price is $58.00, while the highest is $102.00.
NextEra Energy Inc operates Florida Power & Light (FP&L), the largest rate-regulated utility in Florida, serving almost six million customers with a generation capacity of 34 gigawatts. FP&L contributes approximately 70% to NextEra's consolidated operating earnings. NextEra Energy is a leader in the renewable energy sector in the U.S. and Canada, producing and selling power from natural gas, nuclear, wind, and solar sources.
