NextEra Energy (NEE) shares plummeted 6.59% in Wednesday's trading session, despite reporting better-than-expected second-quarter earnings. The sharp decline comes as investors grapple with mixed financial results and potentially underwhelming future guidance from the largest U.S. electric utility by customers.

For the second quarter, NextEra posted adjusted earnings of $1.05 per share, surpassing analyst expectations of $1.01 per share. This represents a 9.38% increase from the $0.96 per share reported in the same period last year. However, the company's revenue of $6.70 billion fell short of Wall Street estimates of $7.21 billion, despite showing a 10.4% year-over-year increase.

While NextEra maintained its 2025 adjusted earnings per share outlook of $3.45 to $3.70, the company's guidance for 2026 and 2027 may have disappointed analysts. NextEra expects adjusted EPS to be in the range of $3.63 to $4.00 for 2026 and $3.85 to $4.32 for 2027, potentially falling below analyst projections of $3.99 and $4.36 for those years, respectively. This outlook, combined with the revenue miss, appears to have overshadowed the earnings beat, leading to the significant stock price decline.