Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call July 24, 2026 1
Slide 2: Cautionary Statements and Risk Factors That May Affect Future Results
Cautionary Statements Non-GAAP Financial Other and Risk Factors That May Information See Appendix for definition Affect Future Results This presentation refers to of Adjusted Earnings, certain financial measures that This presentation includes Adjusted EBITDA and were not prepared in forward-looking
Slide 3: NextEra Energy delivered strong second quarter results, adjusted EPS up 9.5%
NextEra Energy delivered strong second quarter results, growing adjusted earnings per share by 9.5% year-over-year NextEra Energy Results – Second Quarter Adjusted Earnings Adjusted EPS ($ MM) $2,407 $1.15 $2,164 $1.05 2025 2026 2025 2026 3
Slide 4: Positioned to deliver for customers amid accelerating power demand
NextEra Energy is uniquely positioned to deliver for our customers in a period of accelerating power demand Illustrative timeline of when we expect investments to drive earnings growth Key Growth Drivers 2025 2030 2035+ Florida Power & Light Now and long term Businesses Regulated FPL Large Load Inve
Slide 5: Florida Power & Light supports rapid growth with smart investments
Florida Power & Light supports rapid growth with smart investments, high reliability and low customer bills FPL added over 90,000 customers from the prior-year comparable period FPL residential bill remains ~30% below the national average1 Top decile reliability that’s more than 60% better than the
Slide 6: Energy Resources had a strong quarter delivering energy infrastructure
Energy Resources had a strong quarter and continues to deliver energy infrastructure to help America meet its power needs Added 3.6 GW of renewables and storage projects to the backlog Recontracted over 500 MW of projects NextEra Energy Transmission completed a 137-mile, 345- kV line ahead of schedu
Slide 7: Energy Resources positioned to serve hyperscalers and large load customers
Energy Resources is one of the few companies positioned to serve hyperscalers and large load customers with a full suite of solutions Energy Resources’ Hub Pipeline Continue advanced negotiations on federal hubs in Texas and Pennsylvania ~40 Hub Pipeline Closed on the acquisition of the final 30% of
Slide 8: NextEra Energy and Dominion Energy put customers first
NextEra Energy and Dominion Energy put customers first + $2.25 billion Low rates High reliability All forms of energy solutions total bill credits proposed for Dominion Energy customers1 ~79% Virginia ~17% South Carolina ~3% North Carolina Outstanding Large load pays Committed to the customer servic
Slide 9: Combined company will drive affordability, create local jobs and deliver all forms of energy
The combined company will drive affordability, create local jobs and deliver all forms of energy infrastructure Long Term Customer Benefits Dual Headquarters Career Opportunities Richmond, Virginia Dual Headquarters Dominion VA/NC and Buy More Efficiently Dominion SC maintain strong local leadership
Slide 10: Combined company long-term shareholder value proposition
Best-in-class shareholder value We expect the combined company will deliver a proposition compelling long-term shareholder value One of the highest target proposition adjusted EPS growth rates6 NextEra Energy + Dominion 15+ ways to grow NextEra Energy 9%+ 8%+ Long-Term Adj. EPS CAGR Target1 Largest
Slide 11: FPL's earnings per share increased 5 cents from prior-year quarter
FPL’s earnings per share increased 5 cents from the prior-year comparable quarter FPL Results – Second Quarter Net Income EPS ($ MM) $1,412 $0.67 $1,275 $0.62 2025 2026 2025 2026 11
Slide 12: FPL investments keep customer bills low while delivering reliable electricity
FPL investments continue to focus on keeping customer bills low while delivering reliable electricity FPL EPS Contribution Drivers EPS Growth Regulatory Capital Employed2 ($ B) Second ~9.3% Growth Quarter $79.7 FPL – 2025 EPS $0.62 $72.9 Drivers: New investments $0.05 Other, including share dilution
Slide 13: Florida's economy remains robust, strong customer growth
Florida’s economy remains robust, and FPL continues to benefit from strong customer growth Florida Economy & Customer Characteristics Retail kWh Sales (Change vs. prior-year) Customer Growth1 (Change vs. prior-year quarter; 000s) Second 140 Quarter 120 90.5 Customer Growth & Mix 1.4% 100 80 60 + Usa
Slide 14: NextEra Energy Resources' adjusted earnings increased ~18%
NextEra Energy Resources’ adjusted earnings increased ~18% from the prior- year comparable quarter NextEra Energy Resources Results1 – Second Quarter GAAP Adjusted Net Income EPS Net Income EPS ($ MM) ($ MM) $1,634 $0.78 $1,291 $0.62 $1,091 $0.53 $983 $0.48 2025 2026 2025 2026 2025 2026 2025 2026 1.
Slide 15: Energy Resources growth driven by new power generation and storage additions
NextEra Energy Resources’ growth was driven by new additions to our power generation and storage portfolio NextEra Energy Resources Second Quarter 2026 Adjusted EPS1 Contribution Drivers $0.09 ($0.01) ($0.03) $0.04 $0.62 $0.53 Q2 2025 New Existing Customer Other Q2 2026 Adjusted EPS Investment Clean
Slide 16: Energy Resources added 3.6 GW to the backlog
NextEra Energy Resources added 3.6 GW to the backlog during the second quarter NextEra Energy Resources Development Program1 2026–2027 2026–2027 2028–2029 2028–2029 2030–2032 2030–2032 2026–2032 COD & Backlog Expectations Backlog Expectations Backlog Expectations Expectations 3.6 GW of new generatio
Slide 17: NextEra Energy's adjusted EPS increased 9.5% year-over-year
NextEra Energy’s adjusted earnings per share increased 9.5% year-over-year NextEra Energy EPS Summary – Second Quarter GAAP Q2 2025 Q2 2026 Change FPL $0.62 $0.67 $0.05 NextEra Energy Resources $0.48 $0.78 $0.30 Corporate and Other ($0.12) $0.05 $0.17 Total $0.98 $1.50 $0.52 Adjusted Q2 2025 Q2 2026
Slide 18: Well positioned to continue strong adjusted EPS growth
NextEra Energy remains well positioned to continue our strong adjusted earnings per share growth NextEra Energy’s Financial Expectations1 Adjusted Earnings Per Share Expectations 2025–2035E Expect 8%+ CAGR through 2032 off 2025 8%+ Long-term adjusted EPS2 Target2 8%+ Long-term Expectations2 Targetin
Slide 19: Q&A Session
Q&A Session NextEra Energy | 19
Slide 20: Appendix
Appendix NextEra Energy | 20
Slide 21: Well positioned to navigate the current interest rate environment
NextEra Energy is well positioned to navigate the current interest rate environment Interest Rate Sensitivity Estimated Adjusted EPS Impact of +50 bps Interest Rate Increase1 2026 2027 2028 $0.00–($0.01) $0.00–($0.02) ($0.01)–($0.03) NextEra Energy’s notional interest rate hedges total $46.2 B2 1. I
Slide 22: Potential drivers of variability to adjusted EPS
Potential drivers of variability to consolidated NextEra Energy adjusted EPS 2026 Potential Sources of Variability1 FPL Timing of investment ± $0.01–$0.02 Retail ROE (± 0.1% change) ± $0.015–$0.02 NextEra Energy Resources Wind resource2 (± 1% deviation) ± $0.005–$0.01 Asset reliability3 (± 1% EFOR)
Slide 23: NextEra Energy's credit metrics remain on track
NextEra Energy’s credit metrics remain on track NextEra Energy Credit Metrics1 S&P A- Range Downgrade Threshold Actual 2025 Target 2026 FFO/Debt 13%–23% 18% 19.4% >18% Moody’s2 Baa Range Downgrade Threshold Actual 2025 Target 2026 CFO Pre-WC/Debt 13%–22% 17% 17.8% >17% (adjusted) CFO Pre-WC/Debt 13%
Slide 24: Energy Resources Projected 2026 Portfolio Financial Information
NextEra Energy Resources Projected 2026 Portfolio Financial Information (includes NEER’s share of partially owned assets; $MM) Value of pre-tax tax credits Pre-Tax Remaining Adjusted EBITDA1 included in adjusted EBITDA2 Debt Service3 Other4 Cash Flows5 Contract Life6 New Clean Energy Assets7 $1,800–
Slide 25: NextEra Energy Resources Wind Production Index
NextEra Energy Resources Wind Production Index1,2 2025 2026 2ND QTR 3RD QTR 4TH QTR 1ST QTR 2ND QTR Location MW Apr May Jun QTR MW QTR MW QTR YE MW QTR MW Apr May Jun QTR YTD Midwest 5,788 105% 90% 95% 97% 5,788 81% 5,788 102% 98% 5,990 98% 5,990 106% 100% 106% 104% 101% West 6,387 92% 101% 98% 97%
Slide 26: Non-Qualifying Hedges - Summary of Activity
Non-Qualifying Hedges1 - Summary of Activity ($ millions, after-tax) Primary Drivers: Asset/(Liability) Balance as of 03/31/2026 ($968) Interest Rate Hedges $640 Amounts Realized During 2nd Quarter 98 Upstream related positions 135 Change in Forward Prices (all positions) 542 Other – Net 59 Subtotal
Slide 27: Non-Qualifying Hedges - Summary of Second Quarter Activity
Non-Qualifying Hedges1 - Summary of Second Quarter Activity ($ millions) 2nd Quarter Asset / (Liability) Change in Forward Total NQH Gain / Asset / (Liability) Description Amounts Realized Balance 3/31/26 Prices (Loss) Balance 6/30/26 Pretax amounts at share Electricity related positions ($626) $57
Slide 28: Non-Qualifying Hedges - Summary of Year-To-Date Activity
Non-Qualifying Hedges1 - Summary of Year-to-Date Activity ($ millions) Year-to-Date Asset / (Liability) Amounts Change in Total NQH Asset / (Liability) Description Balance 12/31/252 Realized Forward Prices Gain / (Loss) Balance 6/30/26 Pretax amounts at share Electricity related positions ($675) $16
Slide 29: Non-Qualifying Hedges - Summary of Forward Maturity
Non-Qualifying Hedges1,2 - Summary of Forward Maturity ($ millions) Asset / (Liability) Description 2026 2027 2028 2029 2030–2050 Total 2026–2050 Balance 6/30/26 Pretax amounts at share Electricity related positions ($672) $122 $165 $104 $41 $240 $672 Upstream related positions (308) $68 114 62 57 7
Slide 30: Reconciliation of GAAP Net Income to Adjusted Earnings (Three Months Ended June 30, 2026)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Three Months Ended June 30, 2026) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,412 $ 1,634 $ 98
Slide 31: Reconciliation of GAAP Net Income to Adjusted Earnings (Three Months Ended June 30, 2025)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Three Months Ended June 30, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,275 $ 983 $ (230)
Slide 32: Reconciliation of GAAP Net Income to Adjusted Earnings (Six Months Ended June 30, 2026)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Six Months Ended June 30, 2026) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 2,874 $ 2,653 $ (201)
Slide 33: Reconciliation of GAAP Net Income to Adjusted Earnings (Six Months Ended June 30, 2025)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Six Months Ended June 30, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 2,591 $ 1,155 $ (884)
Slide 34: Reconciliation of GAAP Net Income to Adjusted Earnings (Twelve Months Ended December 31, 2025)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Twelve Months Ended December 31, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 5,012 $ 2,975
Slide 35: Definitional information
Definitional information NextEra Energy, Inc. Adjusted Earnings Expectations NextEra Energy Resources, LLC. NextEra Energy Resources, LLC. (including subsidiaries as applicable) Adjusted EBITDA Adjusted EBITDA by Asset Category This presentation refers to adjusted earnings per share Adjusted EBITDA
Slide 36: Cautionary Statement
Cautionary Statement This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of
Slide 37: Cautionary Statement
Cautionary Statement certain natural gas and oil production projects and could result in certain assets becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources’ full energy and capacity req
Slide 38: Cautionary Statement
Cautionary Statement Additional Information about the Transactions and Where to Find It In connection with the proposed transactions, NextEra Energy filed with the SEC the Registration Statement, which includes a preliminary joint proxy statement of NextEra Energy and Dominion Energy that also const