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NextEra Energy beats quarterly profit estimates on renewables growth, AI-driven power demand
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NextEra Energy beats quarterly profit estimates on renewables growth, AI-driven power demand
Jul 23, 2025 5:29 AM

July 23 (Reuters) - NextEra Energy ( NEE/PU ) beat Wall

Street estimates for second-quarter adjusted profit on

Wednesday, driven by strong performance in its renewables unit

amid rising power demand from AI data centers and hyperscalers.

Power consumption in the U.S. is expected to reach

record highs in 2025 and 2026, according to the U.S. Energy

Information Administration.

This surge is fueled by growing electricity needs from

AI and cryptocurrency data centers, as well as increasing

electrification of homes and businesses.

Florida Power & Light, the company's regulated utility,

reported net income of $1.28 billion, up 4% from a year earlier.

NextEra Energy Resources, NextEra's renewables arm,

added about 3.2 gigawatts of new renewables and storage to its

backlog during the quarter, including more than 1 gigawatt

serving hyperscalers.

The Florida-based company earned $1.05 per share on an

adjusted basis, compared with analysts' average estimate of

$1.01 per share, according to data compiled by LSEG.

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