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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING REVENUES $ 6,701 $ 6,247
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,329 1,165
Other operations and maintenance 1,422 1,173
Depreciation and amortization 1,371 1,095
Taxes other than income taxes and other – net 628 594
Total operating expenses – net 4,750 4,027
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 257 36
OPERATING INCOME 2,208 2,256
OTHER INCOME (DEDUCTIONS)    
Interest expense (1,287) (1,774)
Equity in earnings (losses) of equity method investees 171 (646)
Allowance for equity funds used during construction 52 38
Losses on disposal of investments and other property – net 0 (2)
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (60) (68)
Other net periodic benefit income 71 67
Other – net 44 72
Total other income (deductions) – net (1,009) (2,313)
INCOME (LOSS) BEFORE INCOME TAXES 1,199 (57)
INCOME TAX BENEFIT (489) (521)
NET INCOME 1,688 464
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 494 369
Net income (loss) attributable to NEE $ 2,182 $ 833
Earnings (loss) per share of common stock:    
Basic (in dollars per share) $ 1.05 $ 0.41
Assuming dilution (in dollars per share) $ 1.04 $ 0.40
Florida Power & Light Company    
OPERATING REVENUES $ 4,271 $ 3,997
OPERATING EXPENSES    
Fuel, purchased power and interchange 992 936
Other operations and maintenance 379 379
Depreciation and amortization 665 408
Taxes other than income taxes and other – net 505 475
Total operating expenses – net 2,541 2,198
OPERATING INCOME 1,730 1,799
OTHER INCOME (DEDUCTIONS)    
Interest expense (338) (317)
Allowance for equity funds used during construction 50 37
Other – net 2 12
Total other income (deductions) – net (286) (268)
INCOME (LOSS) BEFORE INCOME TAXES 1,444 1,531
INCOME TAX BENEFIT (18) 215
NET INCOME [1] $ 1,462 $ 1,316
[1] FPL's comprehensive income is the same as reported net income.