Funding and Capital Structure

Adjusted Capitalization(1,2)

On an adjusted basis, NextEra Energy’s capital structure is comprised of 53% equity.

Schedule of Total Debt & Equity

1) Adjusted capitalization is based on NextEra Energy's interpretation of S&P Global Rating's Corporate Rating Methodology: Ratios and Adjustments, dated April 1, 2019. 

2) Total adjusted equity may not sum due to rounding 

 

* Data as of December 31,2025

Peer Comparison of Adjusted Debt as a Percentage of Total Capitalization(1)

NextEra Energy remains focused on balance sheet strength, as demonstrated through its conservative use of debt, which is the lowest amongst its key peers on an adjusted basis.

    Color
NEE 47% #30a310
Peer A 49% #007db6
Peer B 55% #007db6
Peer C 57% #007db6
Peer D 59% #007db6
Peer E 62% #007db6
Peer F 62% #007db6
Peer G 63% #007db6
Peer H 64% #007db6
Peer I 64% #007db6
Peer J 66% #007db6

 1) Peer data as of December 31, 2024 from S&P Capital IQ, NextEra data as of December 31, 2025 

Historical Funding

NextEra Energy utilizes a broad and diverse set of financing structures to meet its capital requirements.