v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The tables below present information for NEE's two reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses. Corporate and Other represents other business activities, includes eliminating entries, and may include the net effect of rounding. FPL has a single reportable segment. See Note 1 for information regarding NEE's and FPL's operating revenues.

Net income attributable to NEE and significant expenses for NEE's reportable segments and the FPL reportable segment are shown below.

Three Months Ended March 31, 2026Three Months Ended March 31, 2025
FPLNEERTotalFPLNEERTotal
(millions)
Operating revenues$4,271 $2,311 $6,582 $3,997 $2,163 $6,160 
Corporate and Other11987
Total consolidated revenues
$6,701 $6,247 
Less:
Fuel, purchased power and interchange992337936229
Other operations and maintenance379870379659
Depreciation and amortization665691408671
Taxes other than income taxes and other – net506120475119
Interest expense338501
(a)
317548
(a)
Income tax expense (benefit)(b)
(18)(347)215(515)
Other segment items(c)
5388049(280)
Net income attributable to NEE for reportable segments1,4621,019$2,481 1,316172$1,488 
Reconciliation of segment profit/(loss)
Corporate and Other(299)(655)
Net income attributable to NEE$1,462 $1,019 $2,182 $1,316 $172 $833 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)Includes amounts that were recognized based on the tax sharing agreement with NEE. See Note 4.
(c)Other segment items for each reportable segment include:
FPL – Allowance for equity funds used during construction and other – net
NEER – Gains on disposal of businesses/assets – net, equity in earnings (losses) of equity method investees, allowance for equity funds used during construction, losses on disposal of investments and other property – net, change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net, other – net and net loss attributable to noncontrolling interests
NEE's and FPL's additional segment information is as follows:
FPL
NEER
Total Reportable Segments
Corporate and Other
Total
Consolidated
(millions)
Three Months Ended March 31, 2026
Equity in earnings of equity method investees
$— $170 $170 $1 $171 
Net loss attributable to noncontrolling interests
$— $494 $494 $— $494 
Capital expenditures, independent power and other investments and nuclear fuel purchases$3,162 $7,896 $11,058 $4 $11,062 
March 31, 2026
Property, plant and equipment – net$84,118 $78,086 $162,204 $157 $162,361 
Total assets$108,645 $108,896 $217,541 $3,883 $221,424 
Investment in equity method investees$— $5,969 $5,969 $20 $5,989 

FPL
NEER
Total Reportable Segments
Corporate and Other
Total
Consolidated
(millions)
Three Months Ended March 31, 2025
Equity in losses of equity method investees
$— $(646)$(646)$— $(646)
Net loss attributable to noncontrolling interests$— $369 $369 $— $369 
Capital expenditures, independent power and other investments and nuclear fuel purchases$2,392 $5,543 $7,935 $7 $7,942 
December 31, 2025
Property, plant and equipment – net
$81,755 $74,287 $156,042 $155 $156,197 
Total assets$105,158 $103,528 $208,686 $4,035 $212,721 
Investment in equity method investees
$— $5,509 $5,509 $19 $5,528