NextEra Energy Reaffirms 2026 Guidance at Top End of Range as $67 Billion Dominion Merger Progresses — Update

By Adriano Marchese

NextEra Energy is targeting the high end of its full-year 2026 adjusted earnings per share guidance, while continuing to advance regulatory approvals for its proposed $67 billion acquisition of Dominion Energy.

The electric power and energy infrastructure company on Monday reaffirmed its 2026 adjusted earnings outlook of $3.92 to $4.02 a share, and also reiterated expectations for its standalone compound annual adjusted earnings per share growth of 8% or more through 2035 off a 2025 base of $3.71 a share. It continues to expect dividend growth of roughly 10% a year through 2026, off a 2024 base, and 6% a year from year-end 2026 through 2028.

NextEra expects its proposed merger with Dominion to immediately add to adjusted earnings per share, with a target of 9% growth through 2032, and the same growth through 2035.

The update comes as NextEra and Dominion submitted an expanded state benefits package to Virginia regulators on Monday.

The companies originally announced their $67 billion all-stock merger in May. The combination would create the largest U.S. electricity producer--specifically the biggest provider of natural gas-fired power and the second in nuclear, the companies said.

The companies said Monday that the updated filing doubles proposed residential bill credits to four years while shielding retail customers from grid costs tied to Northern Virginia's rapidly expanding artificial intelligence data centers.

They also said they would expand low-income financial assistance, adding $100 million through 2038 to Dominion's bill assistance program.

Alongside ratepayer relief, the companies' proposal includes $100 million toward directly supporting workforce development in the state, and establishes up to $1 billion annually in local supplier spending over five years.

Under the agreement, Dominion Energy Virginia will preserve its brand name, local leadership and regulatory oversight by the Virginia State Corporation Commission.

Their merger still remains subject to approval from regulators, with an expected closing day some time in the second half of 2027.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

September 14, 2026 09:59 ET (13:59 GMT)