NextEra Energy reports fourth quarter and full-year 2011 earnings

NextEra Energy, Inc. (NYSE: NEE) today reported 2011 fourth-quarter net income on a GAAP basis of $667 million, or $1.59 per share, compared with $263 million, or $0.63 per share, in the fourth quarter of 2010. On an adjusted basis, NextEra Energy’s earnings were $395 million, or $0.93 per share, for the fourth quarter of 2011 compared with $332 million, or $0.80 per share, in the fourth quarter of 2010.

For the full-year 2011, NextEra Energy reported net income on a GAAP basis of $1.92 billion, or $4.59 per share, compared with $1.96 billion, or $4.74 per share, in 2010. On an adjusted basis, NextEra Energy’s 2011 earnings were $1.84 billion, or $4.39 per share, for the full year, compared with $1.78 billion, or $4.30 per share, in 2010.

“NextEra Energy delivered strong performance in the fourth quarter and overall for 2011. At Florida Power & Light, earnings growth was driven by investments in the business, including new efficient power generation, that are helping to provide our customers with the lowest bills in the state and reliability that is among the best in the country. At NextEra Energy Resources, we signed nearly 2,200 megawatts of long-term wind and solar contracts in 2011, our most ever in a single year,” said NextEra Energy Chairman and CEO Lew Hay.

View the NextEra press release here.