NextEra Energy, Inc. (NYSE:NEE) Q4 2019 Earnings Conference Call - Final Transcript

Jan 24, 2020 • 09:00 am ET


NextEra Energy, Inc. (NYSE:NEE) Q4 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, everyone and welcome to the NextEra Energy and NextEra Energy Partners Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please also note today's event is being recorded. And at this time, I'd like to turn the conference call over to Mr. Matt Roskot, Director of Investor Relations. Sir, please go ahead.

Matt Roskot

Thank you, Jamie. Good morning, everyone and thank you for joining our fourth quarter and full-year 2019 combined earnings conference call for NextEra Energy and NextEra Energy Partners. With me this morning are Jim Robo, Chairman and Chief Executive Officer of NextEra Energy; Rebecca Kujawa, Executive Vice President and Chief Financial Officer of NextEra Energy; John Ketchum, President and Chief Executive Officer of NextEra Energy Resources and Mark Hickson, Executive Vice President of NextEra Energy, all of whom are also officers of NextEra Energy Partners, as well as Eric Silagy, President and Chief Executive Officer of Florida Power & Light Company.

Jim will provide some opening remarks and will then turn the call over to Rebecca for a review of our fourth quarter and full-year results. Our executive team will then be available to answer your questions.

We will be making forward-looking statements during this call based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect or because of other factors discussed in today's earnings news release, in the comments made during this conference call, in the Risk Factors section of the accompanying presentation, or in our latest reports and filings with the Securities and Exchange Commission, each of which can be found on our websites, and We do not undertake any duty to update any forward-looking statements.

Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the slides accompanying today's presentation for definitional information and reconciliations of historical non-GAAP measures to the closest GAAP financial measure.

With that, I will turn the call over to Jim.

James L. Robo

Thank you, Matt, and good morning everyone. 2019 was a terrific year for both NextEra Energy and NextEra Energy Partners. NextEra Energy's performance was strong, both financially and operationally, and we had outstanding execution on our initiatives to continue to drive future growth across the Company. By successfully executing on our plans, NextEra Energy extended its long track record of delivering value for shareholders with adjusted earnings per share of $8.37, up 8.7% from 2018. Over the past 15 years, we've now delivered compound annual growth in adjusted EPS of nearly 8.5%, which is the highest among all Top 10 power companies who have achieved on average compound annual growth of less than 4% over the same period.

Amidst the significant growth, the Company has maintained one of the strongest balance sheets and credit positions in the industry. In 2019, we delivered a total