NextEra Energy, Inc. NEE reported third-quarter 2019 adjusted earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.27 by 5.3%. Moreover, the reported earnings were up 10.1% on a year-over-year basis.The earnings growth was attributed to solid contribution from all its business segments.On a GAAP basis, NextEra Energy recorded earnings of $1.81 per share, down 13.8% from $2.1 reported in the year-ago quarter.NextEra Energy, Inc. Price, Consensus and EPS Surprise NextEra Energy, Inc. price-consensus-eps-surprise-chart | NextEra Energy, Inc. QuoteTotal RevenuesIn the third quarter, NextEra’s operating revenues were $5,572 million, surpassing the Zacks Consensus Estimate of $5,244 million by 6.3%. In addition, the reported revenues were up 26.2% year over year.Segmental ResultsFlorida Power & Light Company: Revenues from the segment amounted to $3,491 million, up 2.7% from the prior-year figure of $3,399 million. The segment’s earnings came in at $1.40 per share, up 2.2% from $1.37 recorded in the prior-year quarter.Gulf Power Company: Total segment revenues amounted to $440 million. This segment contributed 16 cents to its earnings in the reported quarter.NextEra Energy Resources: Revenues from the segment amounted to $1,619 million, up 59% from the prior-year quarter. Quarterly earnings from the segment came in at 87 cents per share, up 19.2% from 73 cents in the year-ago quarter.Corporate and Other: The segment’s operating loss in the reported quarter was 4 cents versus earnings of 7 cents in the year-ago period. Highlights of the ReleaseIn the reported quarter, NextEra Energy’s total operating expenses were up 15.4% from the prior-year level to $3,979 million.Interest expenses in the quarter were $746 million, up a whopping 344.1% from the year-ago period.In the reported quarter, Florida Power & Light Company’s total average customer count was up by 100,000 on a year-over-year basis.NextEra Energy Resources expanded the contracted renewables backlog by adding 1,375 MW of renewable projects during third-quarter 2019.Financial UpdateNextEra Energy had cash and cash equivalents of $1,131 million as of Sep 30, 2019 compared with $638 million on Dec 31, 2018.Long-term debt as of Sep 30, 2019 was $36.14 billion, up from $26.78 billion on Dec 31, 2018.Cash flow from operating activities in the first nine months of 2019 was $6.24 billion compared with $5.2 billion in the comparable prior-year period.Guidance NextEra Energy reiterated its 2019 adjusted earnings guidance in the range of $8.00-$8.50. The company’s earnings are expected to grow at a compound annual rate of 6-8% per year through 2021, off its base of $7.70 in 2018. NextEra Energy expects 2022 adjusted earnings per share in the range of $10-$10.75, indicating 6-8% growth from 2021 EPS.It plans to hike dividend by 12-14% per year through at least 2020, off a 2017 base of $3.93.NextEra Energy currently aims to add 11,500-18,500 MW of renewable power projects in its portfolio within the 2019-2022 time frame.Zacks RankCurrently, NextEra Energy carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesAmerican Electric Power AEP is scheduled to announce third-quarter 2019 results on Oct 24. The Zacks Consensus Estimate for earnings per share for the to-be-reported quarter is pegged at $1.31.Exelon Corp. EXC is slated to report third-quarter 2019 results on Oct 31. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is pegged at $1.15 per share.Dominion Energy D is scheduled to report third-quarter 2019 results on Nov 1. The Zacks Consensus Estimate for earnings for the quarter to be reported is pegged at 89 cents per share.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominion Energy Inc. (D): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Exelon Corporation (EXC): Free Stock Analysis Report To read this article on Zacks.com click here.