NextEra Energy Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - NextEra Energy, Inc. (NEE) reported second-quarter net income attributable to company of $716 million, or $1.59 per share, compared to $492 million, or $1.12 per share, in the second quarter of 2014. On an adjusted basis, second-quarter earnings were $699 million, or $1.56 per share.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.50 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues were $4.36 billion compared to $4.03 billion, a year ago. Analysts expected revenue of $4.24 billion for the quarter.

NextEra Energy continues to expect full-year 2015 adjusted earnings per share to be in the range of $5.40 to $5.70. Analysts expect the company to report earnings per share of $5.63.

After 2015, NextEra Energy now expects to grow adjusted earnings per share at a compound annual growth rate of 6 to 8 percent per year through 2018, off a 2014 base. NextEra Energy expects adjusted earnings per share to be in the range of $5.85 to $6.35 for 2016 and in the range of $6.60 to $7.10 for 2018.

The board of directors of NextEra Energy declared a regular quarterly common stock dividend of $0.77 per share. The dividend is payable on Sept. 15, 2015, to shareholders of record on Aug. 28, 2015. The board also approved a new dividend policy, expressed relative to adjusted earnings per share, of a 65 percent payout ratio by 2018. This is expected to translate to a growth rate in dividends per share of 12 to 14 percent per year through at least 2018, off a 2015 base of $3.08 per share.