NextEra Energy, Inc. NEEreported first-quarter 2018 adjusted earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.78 by 8.9%. Earnings were up 10.9% year over year.
The year-over-year growth in earnings was due to solid contribution from both Florida Power & Light Company and NextEra Energy Resources segments.
On a GAAP basis, NextEra Energy recorded earnings of $9.32 per share, up from $3.37 a year ago. In addition to other one-time gain and loss, the variance between GAAP and adjusted earnings was primarily due to one-time NextEra Energy Partners’ NEPinvestment gains.
Total Revenues
In the first quarter, NextEra Energy’s operating revenues were $3,863 million, lagging the Zacks Consensus Estimate of $3,916 million by 1.3%. Reported revenues were down 2.7% year over year.