NEE · 8-K · 20261105PR000084

Income Tax Rate Changes

NEXTERA ENERGY INC · 2026-11-05 · Importance 42 · Surprise 24 · In source text

The pro forma tax effects are estimated using an assumed blended tax rate of 25.0%. For the nine months ended September 30, 2026, pro forma tax adjustments include a $165 million estimated tax benefit; for 2025, the estimated benefit is $226 million. A separate 2025 accounting-policy adjustment for investment tax credits increased income tax benefit by $375 million. Pro forma income tax expense is $309 million for the nine-month period, while the 2025 pro forma amount is a $959 million tax benefit.

Key facts

• Estimated tax benefits of $165 million for the nine months ended September 30, 2026 and $226 million for 2025 are reflected in income tax expense (benefit). source
• At September 30, 2026, the estimated tax benefit related to deductible merger costs was $73 million, and the estimated tax impact of pro forma adjustments was $317 million. source
• The pro forma adjustment for the year ended December 31, 2025 increased income tax benefit by $375 million due to the treatment of investment tax credits. source
• The pro forma tax impact is based on an assumed tax rate of 25.0%, a blended average statutory rate based on the assumed jurisdiction and current structure. source
• NEE’s effective tax rate following the acquisition could differ depending on post-acquisition activities, cash needs, geographical income mix, and changes in tax law. source

Impact estimates