NEE · Earnings call · 2026Q3T · Full report
FPL Capital Expenditure Plan
NEXTERA ENERGY INC · 2026-10-21 · Importance 55 · Surprise 32 · In source text
FPL spent approximately $2.4 billion on capital expenditures in the third quarter of 2026. Management expects full-year FPL capital investments to be approximately $12 billion. FPL’s regulatory return on equity for the 12 months ending September 2026 is expected to be approximately 11.8%. Regulatory capital employed grew approximately 9.2% year over year and was the principal driver of FPL’s $0.06-per-share earnings increase.
Key facts
- FPL's Q3 2026 capital expenditures were approximately $2.4 billion, and full-year capital investments were expected to be approximately $12 billion.
- FPL reversed approximately $172 million of its rate stabilization mechanism in Q3 2026, leaving an after-tax balance of roughly $1.5 billion.
- For FPL's 12 months ending September 2026, the reported regulatory return on equity was approximately 11.8%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | — | FPL's Q3 2026 capital expenditures were approximately $2.4 billion, and full-year capital investments were expected to be approximately… |
| cash | negative | committed | — | FPL's Q3 2026 capital expenditures were approximately $2.4 billion, and full-year capital investments were expected to be approximately… |