Financial Analysis

Acquisitions Symmetry Acquisition On January 9, 2026, a wholly owned subsidiary of NextEra Energy Resources acquired 100% of the equity interests of Symmetry Energy Solutions, a commercial and industrial natural gas business, from Energy Capital Partners, LLC. The acquired business provides natural gas supply, storage and asset management solutions to a broad range of end users nationwide. Symmetry Energy Solutions supplies natural gas in the U.S. to approximately 5,500 commercial and industrial customers in 34 states, providing synergies and expansion opportunities for NEE's commercial and industrial gas business. The purchase price included $805 million in cash consideration as well as working capital and other adjustments of approximately $341 million (subject to certain post-closing adjustments). Under the acquisition method, the purchase price will be allocated to the assets acquired and liabilities assumed based on their fair value. The allocation of the purchase price to each of the major categories of assets acquired and liabilities assumed has not been completed as of the date of this filing given the proximity of the acquisition date. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies Commitments NEE and its subsidiaries have made commitments in connection with a portion of their projected capital expenditures. Capital expenditures at FPL include, among other things, the cost for construction of additional facilities and equipment to meet customer demand, as well as capital improvements to and maintenance of existing facilities. At NEER, capital expenditures include, among other things, the cost, including capitalized interest, for development, construction and maintenance of its competitive energy businesses. Also see Note 6 Symmetry Acquisition. As of December 31, 2025, estimated capital expenditures, on an accrual basis, for 2026 through 2030 were as follows: 2026 2027 2028 2029 2030 Total (millions) FPL: Generation: (a) New (b) $ 4,255 $ 3,505 $ 4,365 $ 4,125 $ 3,525 $ 19,775 Existing 1,180 1,360 1,300 1,300 1,350 6,490 Transmission and distribution (c) 4,540 4,910 4,775 5,900 6,720 26,845 Nuclear fuel 270 340 425 385 380 1,800 General and other 940 755 740 665 620 3,720 Total $ 11,185 $ 10,870 $ 11,605 $ 12,375 $ 12,595 $ 58,630 NEER: (d) Wind (e) $ 2,750 $ 1,240 $ 1,050 $ 120 $ 110 $ 5,270 Solar (f) 8,045 3,840 1,620 5 10 13,520 Other clean energy (g) 2,900 3,070 525 15 10 6,520 Nuclear, including nuclear fuel 685 1,070 850 525 440 3,570 Regulated electric and gas transmission 1,095 1,050 760 650 740 4,295 Other 905 460 310 335 370 2,380 Total $ 16,380 $ 10,730 $ 5,115 $ 1,650 $ 1,680 $ 35,555 ______________________ (a) …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Non-Derivative Fair Value Measurements Non-derivative fair value measurements consist of NEEs and FPLs cash equivalents and restricted cash equivalents, special use funds and other investments. The fair value of these financial assets is determined by using the valuation techniques and inputs as described in Note 3 Fair Value Measurements of Derivative Instruments as well as below. Cash Equivalents and Restricted Cash Equivalents NEE and FPL hold investments primarily in money market funds. The fair value of these funds is estimated using a market approach based on current observable market prices. Special Use Funds and Other Investments NEE and FPL hold primarily debt and equity securities directly, as well as indirectly through commingled funds. Substantially all directly held equity securities are valued at their quoted market prices. For directly held debt securities, multiple prices and price types are obtained from pricing vendors whenever possible, which enables cross-provider validations. A primary price source is identified based on asset type, class or issue of each security. Commingled funds, which are similar to mutual funds, are maintained by banks or investment companies and hold certain investments in accordance with a stated set of objectives. The fair value of commingled funds is primarily derived from the quoted prices in active markets of the underlying securities. Because the fund shares are offered to a limited group of investors, they are not considered …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Income Taxes Effective January 1, 2025, NEE and FPL adopted an accounting standards update that provides guidance for reporting on income taxes and requires additional disclosures related to cash paid (received) for income taxes net and the effective income tax rate. NEE and FPL adopted the updated standard for income taxes using the full retrospective approach, which changed the presentation of certain information below. The components of income taxes are as follows: NEE FPL Years Ended December 31, Years Ended December 31, 2025 2024 2023 2025 2024 2023 (millions) Federal: Current $ 194 $ 208 $ 507 $ 121 $ 252 $ 990 Deferred (1,248) (150) 368 288 422 (179) Total federal (1,054) 58 875 409 674 811 State: Current 78 126 161 161 116 294 Deferred 174 155 (30) 149 180 18 Total state 252 281 131 310 296 312 Total income taxes $ (802) $ 339 $ 1,006 $ 719 $ 970 $ 1,123 A reconciliation of the income tax expense (benefit) and effective income tax rates based on the statutory U.S. federal income tax rate is as follows: NEE Years Ended December 31, 2025 2024 2023 (millions, except for percentages) Income taxes at U.S. statutory rate of 21% $ 951 21.0 % $ 1,268 21.0 % $ 1,530 21.0 % Increases (reductions) resulting from: State income taxes net of federal income tax benefit 199 4.4 (a) 223 3.7 (b) 102 1.4 (c) Nontaxable or nondeductible items: Taxes attributable to noncontrolling interests 315 7.0 260 4.3 219 3.0 Amortization of deferred regulatory credit (159) (3.5) (163) (2.7) (182) (2 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Debt Long-term debt consists of the following: December 31, 2025 2024 Maturity Date Balance Weighted- Average Interest Rate Balance Weighted- Average Interest Rate (millions) (millions) FPL: First mortgage bonds fixed 2028-2066 $ 24,090 4.69 % $ 21,990 4.41 % Pollution control, solid waste disposal and industrial development revenue bonds variable (a) 2027-2054 1,566 2.68 % 1,663 2.98 % Senior unsecured notes primarily variable (b)(c) 2026-2074 3,190 3.88 % 3,194 4.30 % Other long-term debt fixed 2026-2046 147 6.08 % 167 6.08 % Unamortized debt issuance costs and premium/discount (311) (269) Total long-term debt of FPL 28,682 26,745 Less current portion of long-term debt 641 1,719 Long-term debt of FPL, excluding current portion 28,041 25,026 NEER: NextEra Energy Resources: Senior secured limited-recourse long-term debt variable (c)(d) 2026-2050 13,963 5.79 % 11,340 6.49 % Senior secured limited-recourse long-term debt fixed 2026-2060 2,162 5.61 % 1,799 5.33 % Other long-term debt primarily variable (c)(d) 2027-2044 173 8.03 % 159 8.23 % NEET long-term debt primarily fixed (d) 2027-2055 2,394 5.29 % 2,058 5.35 % Unamortized debt issuance costs and premium/discount (244) (267) Total long-term debt of NEER 18,448 15,089 Less current portion of long-term debt 925 700 Long-term debt of NEER, excluding current portion 17,523 14,389 NEECH: Debentures fixed (e) 2026-2062 27,807 4.20 % 25,284 4.28 % Debentures variable (c) 2026-2028 1,100 5.00 % 600 5.34 % Debentures, related to NEE' …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Employee Retirement Benefits Employee Pension Plan and Other Benefits Plans NEE sponsors a qualified noncontributory defined benefit pension plan for substantially all employees of NEE and its subsidiaries. NEE also has a supplemental executive retirement plan (SERP), which includes a non-qualified supplemental defined benefit pension component that provides benefits to a select group of management and highly compensated employees, and sponsors a contributory postretirement plan for other benefits for retirees of NEE and its subsidiaries meeting certain eligibility requirements. The total accrued benefit cost of the SERP and postretirement plans is approximately $204 million ($78 million for FPL) and $212 million ($86 million for FPL) as of December 31, 2025 and 2024, respectively. Pension Plan Assets, Benefit Obligations and Funded Status The changes in assets, benefit obligations and the funded status of the pension plan are as follows: 2025 2024 (millions) Change in pension plan assets: Fair value of plan assets as of January 1 $ 5,121 $ 4,897 Actual return on plan assets 659 469 Benefit payments (216) (245) Fair value of plan assets as of December 31 $ 5,564 $ 5,121 Change in pension benefit obligation: Obligation as of January 1 $ 2,625 2,785 Service cost 69 71 Interest cost 136 131 Special termination benefit (a) 27 Plan amendments 4 (3) Actuarial losses (gains) net (b) 79 (141) Benefit payments (216) (245) Obligation as of December 31 (c) $ 2,697 $ 2,625 Funded status: …

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Revenue from Contracts with Customers Revenue is recognized when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The promised goods or services in the majority of NEEs contracts with customers is, at FPL, for the delivery of electricity based on tariff rates approved by the FPSC and, at NEER, for the delivery of energy commodities and the availability of electric capacity and electric transmission. FPL and NEER generate substantially all of NEEs operating revenues, which primarily include revenues from contracts with customers, as well as derivative (see Note 3) and lease transactions at NEER. For the vast majority of contracts with customers, NEE believes that the obligation to deliver energy, capacity or transmission is satisfied over time as the customer simultaneously receives and consumes benefits as NEE performs. In 2025, 2024 and 2023, NEEs revenue from contracts with customers was approximately $25.8 billion ($18.2 billion at FPL), $23.5 billion ($16.9 billion at FPL) and $24.8 billion ($18.2 billion at FPL), respectively. NEE's and FPL's receivables are primarily associated with revenues earned from contracts with customers, as well as derivative and lease transactions at NEER, and consist of both billed and unbilled amounts, which are recorded in customer receivables and other receivables on NEE's and FPL's consolida …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

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 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 2 for information regarding NEE's and FPL's operating revenues. NEE's and FPL's chief operating decision maker (CODM) is NEE's chief executive officer. The CODM makes key operating decisions and evaluates the reportable segment's operating results, including net income attributable to NEE, for financial planning, analysis of performance and resource allocation. Net income attributable to NEE and significant expenses for NEE's reportable segments and the FPL reportable segment are shown below. December 31, 2025 FPL NEER Total (millions) Operating revenues $ 18,262 $ 8,760 $ 27,022 Corporate and Other 390 Total consolidated revenues $ 27,412 Less: Fuel, purchased power and interchange 3,878 1,066 Other operations and maintenance 1,771 2,997 Depreciation and amortization 3,778 2,738 Taxes other than income taxes and other net 2,016 450 Interest expense 1,284 1,683 (a) Income tax expense (benefit) (b) 719 (1,140) Other segment items (c) 196 2,009 Net income attributable to NEE for reportable segments 5,012 2,975 $ 7,987 Reconciliation of segment profit/(loss) Corporate and Other (1,152) …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting and Reporting Policies Basis of Presentation The operations of NextEra Energy, Inc. (NEE) are conducted primarily through Florida Power & Light Company (FPL), a wholly owned subsidiary, and NextEra Energy Resources, LLC (NextEra Energy Resources) and NextEra Energy Transmission, LLC (NEET) (collectively, NEER), wholly owned indirect subsidiaries that are combined for segment reporting purposes. FPL's principal business is a rate-regulated electric utility which supplies electric service to more than six million customer accounts throughout most of the east and lower west coasts of Florida and eight counties throughout northwest Florida. NEER invests in independent power projects through both controlled and consolidated entities and noncontrolling owner ship interests in joint ventures. NEER participates in natural gas, natural gas liquids and oil production primarily through operating and non-operating ownership interests and in pipeline infrastructure through noncontrolling or joint venture interests. NEER also invests in rate-regulated electric transmission assets and transmission lines that connect its electric generation facilities to the electric grid through controlled and consolidated entities and a noncontrolling owner ship interest. The consolidated financial statements of NEE and FPL include the accounts of their respective controlled subsidiaries. They also include NEE's and FPL's share of the undivided interest in certain ass …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Equity Earnings Per Share The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows: Years Ended December 31, 2025 2024 2023 (millions, except per share amounts) Numerator net income attributable to NEE $ 6,835 $ 6,946 $ 7,310 Denominator: Weighted-average number of common shares outstanding basic 2,064.5 2,052.9 2,026.1 Equity units, stock options, performance share awards, restricted stock and exchangeable notes (a) 6.1 6.3 4.7 Weighted-average number of common shares outstanding assuming dilution 2,070.6 2,059.2 2,030.8 Earnings per share attributable to NEE: Basic $ 3.31 $ 3.38 $ 3.61 Assuming dilution $ 3.30 $ 3.37 $ 3.60 ______________________ (a) Calculated primarily using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award. Common shares issuable pursuant to equity units, stock options, performance share awards and/or exchangeable notes, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 59.6 million, 33.9 million and 39.1 million for the years ended December 31, 2025, 2024 and 2023, respectively. ATM Program On December 31, 2025, NEE established an at-the-market equity issuance program (ATM program) pursuant to which NEE may offer and sell, from time to time, NEE common st …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

5. Business Combinations Symmetry Acquisition On January 9, 2026, a wholly owned subsidiary of NextEra Energy Resources acquired 100% of the equity interests of Symmetry Energy Solutions, LLC, a commercial and industrial natural gas business, from Energy Capital Partners, LLC (Symmetry acquisition). The acquired business provides natural gas supply, storage and asset management solutions to a broad range of end users nationwide. Symmetry Energy Solutions supplies natural gas in the U.S. to approximately 5,500 commercial and industrial customers in 34 states. The purchase price included approximately $0.8 billion in cash consideration as well as working capital and other adjustments of $0.3 billion (subject to certain post-closing adjustments). Under the acquisition method, the purchase price was allocated to the assets acquired and liabilities assumed based on their fair value. NEE recorded identifiable assets of approximately $1.3 billion, primarily relating to accounts receivable, existing gas, storage and transportation contracts, hedging positions, and intangible assets associated with customer relationships and software, and liabilities of $0.6 billion. The excess of the purchase price over the fair value of assets acquired and liabilities assumed resulted in approximately $0.4 billion of goodwill which has been recognized on NEE's condensed consolidated balance sheets, of which $0.1 billion is expected to be deductible for tax purposes. Goodwill associated with the Symm …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies Commitments NEE and its subsidiaries have made commitments in connection with a portion of their projected capital expenditures. Capital expenditures at FPL include, among other things, the cost for construction of additional facilities and equipment to meet customer demand, as well as capital improvements to and maintenance of existing facilities. At NEER, capital expenditures include, among other things, the cost, including capitalized interest, for development, construction and maintenance of its competitive energy businesses. As of June 30, 2026, estimated capital expenditures, on an accrual basis, for the remainder of 2026 through 2030 were as follows: Remainder of 2026 2027 2028 2029 2030 Total (millions) FPL: Generation: (a) New (b) $ 2,170 $ 4,330 $ 4,010 $ 4,820 $ 4,225 $ 19,555 Existing 330 1,360 1,300 1,300 1,350 5,640 Transmission and distribution (c) 2,195 4,910 4,775 5,900 6,720 24,500 Nuclear fuel 145 345 450 390 380 1,710 General and other 545 755 740 665 620 3,325 Total $ 5,385 $ 11,700 $ 11,275 $ 13,075 $ 13,295 $ 54,730 NEER: (d) Wind (e) $ 915 $ 1,485 $ 3,220 $ 190 $ 115 $ 5,925 Solar (f) 5,810 6,690 3,555 95 450 16,600 Other clean energy (g) 2,655 4,070 1,660 35 10 8,430 Nuclear, including nuclear fuel 470 1,110 875 510 455 3,420 Regulated electric and gas transmission 545 1,025 760 680 905 3,915 Other 320 370 325 345 370 1,730 Total $ 10,715 $ 14,750 $ 10,395 $ 1,855 $ 2,305 $ 40,020 (a) Includes AFUDC of approximately $115 …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Non-Derivative Fair Value Measurements Non-derivative fair value measurements consist of NEEs and FPLs cash equivalents and restricted cash equivalents, special use funds and other investments. The fair value of these financial assets is determined by using the valuation techniques and inputs as described in Note 2 Fair Value Measurements of Derivative Instruments as well as below. Cash Equivalents and Restricted Cash Equivalents NEE and FPL hold investments primarily in money market funds. The fair value of these funds is estimated using a market approach based on current observable market prices. Special Use Funds and Other Investments NEE and FPL hold primarily debt and equity securities directly, as well as indirectly through commingled funds. Substantially all directly held equity securities are valued at their quoted market prices. For directly held debt securities, multiple prices and price types are obtained from pricing vendors whenever possible, which enables cross-provider validations. A primary price source is identified based on asset type, class or issue of each security. Commingled funds, which are similar to mutual funds, are maintained by banks or investment companies and hold certain investments in accordance with a stated set of objectives. The fair value of commingled funds is primarily derived from the quoted prices in active markets of the underlying securities. Because the fund shares are offered to a limited group of investors, they are not considered …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Income Taxes NEE's effective income tax rate is based on the composition of pretax income or loss. A reconciliation of the income tax expense (benefit) and effective income tax rates based on the statutory U.S. federal income tax rate is as follows: NEE Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (millions, except for percentages) Income taxes at U.S. statutory rate of 21% $ 533 21.0 % $ 290 21.0 % $ 785 21.0 % $ 279 21.0 % Increases (reductions) resulting from: State income taxes net of federal income tax benefit 118 4.7 47 3.4 90 2.4 64 4.8 Nontaxable or nondeductible items: Taxes attributable to noncontrolling interests 109 4.3 82 5.9 213 5.7 159 12.0 Amortization of deferred regulatory credit (13) (0.5) (40) (2.9) (37) (1.0) (84) (6.3) Other net (10) (0.4) (26) (0.7) (19) (1.4) Clean energy tax credits (a) (827) (32.6) (650) (47.0) (1,618) (43.3) (1,189) (89.6) Valuation adjustments 36 1.4 28 2.0 64 1.7 50 3.8 Other adjustments net (30) (1.2) (13) (0.9) (44) (1.1) (37) (2.9) Income tax benefit and effective tax rate $ (84) (3.3) % $ (256) (18.5) % $ (573) (15.3) % $ (777) (58.6) % ______________________ (a) For the six months ended June 30, 2026, includes the impact from ITC amortization utilized as part of FPL's RSM. See Note 11 Rate Regulation. FPL Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (millions, except for percentages) Income taxes at U.S. statutory rate of 21% $ 322 21.0 % $ 302 21.0 % $ 625 21.0 % $ 62 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Debt Significant long-term debt issuances and borrowings during the six months ended June 30, 2026 were as follows: Principal Amount Interest Rate Maturity Date (millions) FPL: First mortgage bonds $ 2,250 5.125% 5.900% 2036 2066 NEECH: Debentures fixed $ 1,300 4.40% 5.85% 2031 2056 Euro denominated debentures fixed (a) $ 1,549 2.989% 3.624% 2030 2034 Debentures, related to NEE's equity units $ 2,300 4.00% 2031 2034 Euro denominated junior subordinated debentures fixed (a)(b) $ 2,067 4.20% 4.75% 2056 Junior subordinated debentures fixed $ 600 6.50% 2086 Junior subordinated debentures fixed (c) $ 3,750 6.000% 6.625% 2056 2066 NEER: Senior secured limited-recourse debt $ 372 6.59% 2033 (a) Foreign currency swaps have been entered into with respect to these debt issuances. See Note 2. (b) Two series of junior subordinated debentures were issued in February 2026. One series will initially bear interest at 4.20% until February 26, 2032 and thereafter will bear interest based on an underlying index plus a specified margin, reset every five years; such margin will increase on February 26, 2037 and February 26, 2052. The second series will initially bear interest at 4.75% until February 26, 2036, and thereafter will bear interest at a rate based on an underlying index plus a specified margin, to be reset every five years. (c) Three series of junior subordinated debentures were issued in June 2026 and will initially bear interest at 6.000% until October 1, 2031, 6.200% until October 1 …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Employee Retirement Benefits NEE sponsors a qualified noncontributory defined benefit pension plan for substantially all employees of NEE and its subsidiaries and sponsors a contributory postretirement plan for other benefits for retirees of NEE and its subsidiaries meeting certain eligibility requirements. The components of net periodic cost (income) for the plans are as follows: Pension Benefits Postretirement Benefits Pension Benefits Postretirement Benefits Three Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 2026 2025 2026 2025 (millions) Service cost $ 19 $ 17 $ 1 $ 1 $ 38 $ 34 $ 1 $ 1 Interest cost 32 34 2 2 64 68 4 4 Expected return on plan assets (105) (104) (211) (207) Special termination benefit (a) 75 75 Net periodic cost (income) at NEE $ 21 $ (53) $ 3 $ 3 $ (34) $ (105) $ 5 $ 5 Net periodic cost (income) allocated to FPL $ (3) $ (30) $ 1 $ 2 $ (33) $ (60) $ 3 $ 4 (a) Reflects enhanced early retirement benefit. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Revenue from Contracts with Customers FPL and NEER generate substantially all of NEEs operating revenues, which primarily include revenues from contracts with customers, as well as derivative (see Note 2) and lease transactions at NEER. For the vast majority of contracts with customers, NEE believes that the obligation to deliver energy, capacity or transmission is satisfied over time as the customer simultaneously receives and consumes benefits as NEE performs. NEEs revenue from contracts with customers was approximately $6.7 billion ($4.9 billion at FPL) and $6.4 billion ($4.7 billion at FPL) for the three months ended June 30, 2026 and 2025, respectively, and $12.8 billion ($9.2 billion at FPL) and $12.3 billion ($8.7 billion at FPL) for the six months ended June 30, 2026 and 2025, respectively. NEE's and FPL's receivables are primarily associated with revenues earned from contracts with customers, as well as derivative and lease transactions at NEER, and consist of both billed and unbilled amounts, which are recorded in customer receivables and other receivables on NEE's and FPL's condensed consolidated balance sheets. Receivables represent unconditional rights to consideration and reflect the differences in timing of revenue recognition and cash collections. For substantially all of NEE's and FPL's receivables, regardless of the type of revenue transaction from which the receivable originated, customer and counterparty credit risk is managed in the same manner and the te …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

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 June 30, 2026 Three Months Ended June 30, 2025 FPL NEER Total FPL NEER Total (millions) Operating revenues $ 4,896 $ 2,532 $ 7,428 $ 4,708 $ 1,914 $ 6,622 Corporate and Other 106 78 Total consolidated revenues $ 7,534 $ 6,700 Less: Fuel, purchased power and interchange 1,079 295 946 238 Other operations and maintenance 424 877 442 656 Depreciation and amortization 1,029 712 1,080 677 Taxes other than income taxes and other net 543 (a) 124 523 106 Interest expense 349 333 (b) 326 413 (b) Income tax expense (benefit) (c) 121 (253) 164 (352) Other segment items (d) 61 1,190 48 807 Net income attributable to NEE for reportable segments 1,412 1,634 3,046 1,275 983 2,258 Reconciliation of segment profit/(loss) Corporate and Other 98 (230) Net income attributable to NEE $ 1,412 $ 1,634 $ 3,144 $ 1,275 $ 983 $ 2,028 _________________________ (a) FPL's income statement line …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Summary of Significant Accounting and Reporting Policies Rate Regulation In February 2026, the Office of Public Counsel, Floridians Against Increased Rates, Inc. and, as a group, Florida Rising, Inc., Environmental Confederation of Southwest Florida, Inc. and League of United Latin American Citizens of Florida (collectively, the non-signatories) filed with the FPSC a joint motion for reconsideration and a joint request for oral argument, and filed notices of appeal with the Florida Supreme Court, in each case challenging the FPSC's final order approving the 2025 rate agreement. In April 2026, the FPSC denied substantially all of the non-signatories' joint motion for reconsideration, granting only a limited correction to expand on the discussion of FPL's performance under the Florida Energy Efficiency and Conservation Act in the final order. In May 2026, notices of appeal were filed with the Florida Supreme Court challenging the FPSC's order denying reconsideration of the FPSC's final order approving the 2025 rate agreement. In June 2026, the Florida Supreme Court consolidated the appeals into a single proceeding. The rate case docket will remain open pending resolution of the consolidated appeal before the Florida Supreme Court. The use of RSM for the three and six months ended June 30, 2026 is permitted by the 2025 rate agreement, and, for the prior year periods the use of reserve amortization was permitted by the 2021 rate agreement. The RSM reserve, which is authorized up …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Equity Earnings Per Share The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (millions, except per share amounts) Numerator net income attributable to NEE $ 3,144 $ 2,028 $ 5,326 $ 2,862 Denominator: Weighted-average number of common shares outstanding basic 2,083.5 2,056.7 2,083.0 2,056.1 Equity units, stock options, performance share awards, restricted stock and exchangeable notes (a) 9.9 4.6 9.9 4.9 Weighted-average number of common shares outstanding assuming dilution 2,093.4 2,061.3 2,092.9 2,061.0 Earnings per share attributable to NEE: Basic $ 1.51 $ 0.99 $ 2.56 $ 1.39 Assuming dilution $ 1.50 $ 0.98 $ 2.54 $ 1.39 (a) Calculated primarily using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award. Common shares issuable pursuant to equity units, stock options, performance share awards and/or exchangeable notes, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 39.0 million and 72.9 million for the three months ended June 30, 2026 and 2025, respectively, and 23.6 million and 72.6 million for the six months ended June 30, 2026 and 2025, respectively. Accumulated Other Comprehensive Income (Loss) …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing