NextEra Energy and Brookfield Renewable Partners both reported first-quarter 2026 results that highlight contrasting income profiles for dividend investors. NextEra posted adjusted earnings per share of $1.09, up 10% year-over-year, on revenue of $6.70 billion, while CEO John Ketchum guided to at least 8% compound annual EPS growth through 2032, backed by a record 33-gigawatt renewables backlog and Florida Power & Light's regulated earnings base. Brookfield reported a GAAP net loss of $295 million, weighed by a $193 million mark-to-market hit on power derivatives, but proportionate funds from operations reached $375 million, or $0.55 per unit, up 19% year-over-year, with hydroelectric revenue contributing $712 million. NextEra's quarterly dividend rose to $0.6232, yielding 2.64% with a 10% growth target, while Brookfield's payout increased to $0.392, yielding 4.89% with 5% to 9% annual growth, though Brookfield issues a K-1 tax form versus NextEra's simpler 1099. The analysis favors NextEra for core income portfolios due to its regulated utility stability and clearer growth runway, while Brookfield offers higher current yield and upside from its Westinghouse nuclear business and hydro contracts.
Nextera Energy IncReported strong Q1 earnings, raised dividend, and guided to 8%+ EPS growth through 2032.
Brookfield Renewable Partners LP
Brookfield Asset Management Ltd.
Brookfield Renewable Corp
NVIDIA Corporation