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NextEra Energy Reaffirms 2026 Guidance at Top End of Range as $67B Dominion Merger Progresses

Wall Street Journal US Business •
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NextEra Energy is targeting the high end of its full-year 2026 adjusted earnings per share guidance, while continuing to advance regulatory approvals for its proposed $67 billion acquisition of Dominion Energy. The electric power and energy infrastructure company on Monday reaffirmed its 2026 adjusted earnings outlook of $3.92 to $4.02 a share, and also reiterated expectations for its standalone compound annual adjusted earnings per share growth of 8% or more through 2035 off a 2025 base of $3.71 a share. It continues to expect dividend growth of roughly 10% a year through 2026, off a 2024 base, and 6% a year from year-end 2026 through 2028.

NextEra expects adjusted earnings of $3.92 to $4.02 a share as it works with Dominion to clear state regulatory hurdles for a combination. NextEra and Dominion submitted an expanded state benefits package to Virginia regulators to help clear hurdles for the combination. The updated filing doubles proposed residential bill credits and shields retail customers from grid costs tied to Northern Virginia data centers.