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This statistic highlights NextEra Energy’s Revenue Breakdown, split between Corporate & Other, FPL and NEER, reported quarterly from Q1 2016 onwards.
|Segment||2022 Q1||2022 Q4||2023 Q1||YoY Growth (2023 Q1)|
|Corporate & Other||-22,000,000||1,000,000||5,000,000||-122.73%|
(All the figures are in USD, except percentage)
NextEra Energy, a significant energy company in the United States, works in several business categories and offers its clients a wide range of energy solutions. We gain valuable insights into NextEra Energy’s performance and the dynamics of its diverse operations by examining revenue data for the Corporate & Other, FPL (Florida Power & Light), and NEER (NextEra Energy Resources) segments during the first quarter of 2022, the fourth quarter of 2022, and the first quarter of 2023.
Corporate & Other
During the studied periods, revenue for NextEra Energy’s Corporate & Other business fell significantly. Starting at -22,000,000.0 USD in 2022 Q1, revenue climbed significantly to 1,000,000.0 USD in 2022 Q4. However, sales grew to 5,000,000.0 USD in the first quarter of 2023, representing a -122.73% year-on-year rise. It is vital to note that negative revenue growth in this segment may emerge as a result of accounting adjustments or specific financial transactions.
During the investigated periods, NextEra Energy’s FPL sector had consistent growth. Revenue began at 3,712,000,000.0 USD in 2022 Q1 and climbed to 4,070,000,000.0 USD in 2022 Q4, representing a 9.64% increase. The first quarter of 2023 saw a little decrease to 3,919,000,000.0 USD, representing a year-on-year increase of 5.58%. The performance of the FPL division may be ascribed to the company’s concentration on delivering dependable electrical services to its Florida consumers.
During the examined periods, NextEra Energy’s NEER division grew significantly. The revenue began at -800,000,000.0 USD in 2022 Q1 and climbed dramatically to 2,093,000,000.0 USD in 2022 Q4, representing a remarkable improvement. The revenue for the first quarter of 2023 was 2,792,000,000.0 USD, representing a -449.00% year-on-year increase. Negative revenue growth in the NEER category, like in the Corporate & Other segment, might be attributable to accounting adjustments or unique financial activities.
About the Company
NextEra Energy is a well-known American energy corporation headquartered in Juno Beach, Florida. NextEra Energy, a prominent sustainable energy supplier, is at the forefront of renewable energy generation and transmission. Florida Power & Light Company (FPL) and NextEra Energy Resources (NEER) are two of the company’s subsidiaries. FPL provides dependable power to millions of consumers in Florida, whereas NEER focuses on creating and running renewable energy projects across North America. NextEra Energy, with a strong commitment to sustainability and innovation, continues to play a critical role in driving the transition to a cleaner and more sustainable energy future.
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