v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
OPERATING REVENUES $ 8,090 $ 7,966 $ 22,325 $ 20,912
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,699 1,423 4,402 3,771
Other operations and maintenance 1,428 1,410 4,309 3,803
Merger-related expenses 19 0 51 0
Depreciation and amortization 1,651 2,096 4,780 4,964
Taxes other than income taxes and other – net 713 653 2,008 1,877
Total operating expenses – net 5,510 5,582 15,550 14,415
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 44 143 294 197
OPERATING INCOME 2,624 2,527 7,069 6,694
OTHER INCOME (DEDUCTIONS)        
Interest expense 1,929 (1,153) 155 (3,987)
Equity in earnings (losses) of equity method investees 293 204 796 (266)
Allowance for equity funds used during construction 65 48 176 130
Gains on disposal of investments and other property – net 44 68 147 169
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (50) 63 80 65
Other net periodic benefit income 71 67 165 201
Other – net 53 61 178 206
Total other income (deductions) – net 2,405 (642) 1,697 (3,482)
INCOME BEFORE INCOME TAXES 5,029 1,885 8,766 3,212
INCOME TAX EXPENSE (BENEFIT) 662 (250) 89 (1,027)
NET INCOME 4,367 2,135 8,677 4,239
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 408 303 1,425 1,061
Net income (loss) attributable to NEE $ 4,775 $ 2,438 $ 10,102 $ 5,300
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 2.29 $ 1.18 $ 4.84 $ 2.57
Assuming dilution (in dollars per share) $ 2.28 $ 1.18 $ 4.82 $ 2.57
Florida Power & Light Company        
OPERATING REVENUES $ 5,421 $ 5,285 $ 14,588 $ 13,989
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,277 1,124 3,349 3,006
Other operations and maintenance 437 432 1,240 1,254
Depreciation and amortization 875 1,385 2,568 2,873
Taxes other than income taxes and other – net 597 547 1,644 1,543
Total operating expenses – net 3,186 3,488 8,801 8,676
OPERATING INCOME 2,235 1,797 5,787 5,313
OTHER INCOME (DEDUCTIONS)        
Interest expense (348) (320) (1,035) (964)
Allowance for equity funds used during construction 63 46 171 123
Other – net (1) (8) 2 13
Total other income (deductions) – net (286) (282) (862) (828)
INCOME BEFORE INCOME TAXES 1,949 1,515 4,925 4,485
INCOME TAX EXPENSE (BENEFIT) 329 52 432 431
NET INCOME [1] $ 1,620 $ 1,463 $ 4,493 $ 4,054
[1] FPL's comprehensive income is the same as reported net income.