Revenue during the quarter dropped 3.01 percent to $4,805 million from $4,954 million in the previous year period. Gross margin for the quarter expanded 439 basis points over the previous year period to 74.67 percent. Total expenses were 73.38 percent of quarterly revenues, up from 70.10 percent for the same period last year. That has resulted in a contraction of 328 basis points in operating margin to 26.62 percent.

Operating income for the quarter was $1,279 million, compared with $1,481 million in the previous year period.

"NextEra Energy delivered strong third-quarter results and, as a result, remains well-positioned to achieve our overall objectives for 2016," said Jim Robo, chairman and chief executive officer of NextEra Energy. "NextEra Energy’s third-quarter adjusted earnings per share increased approximately 9 percent from the prior-year comparable period, primarily reflecting contributions from continued investments at both FPL and NextEra Energy Resources. At FPL, we are pleased to have reached a fair, long-term settlement agreement with several intervenors, including Florida’s Office of Public Counsel, related to our base rate case that will allow us to continue to focus on operating the business efficiently and reliably for the benefit of customers."

For fiscal year 2016, NextEra Energy, Inc. expects diluted earnings per share to be in the range of $5.85 to $6.35 on adjusted basis.

The company has spent $6,983 million cash to meet investing activities during the nine month period as against cash outgo of $5,477 million in the last year period. It has incurred net capital expenditure of $2,730 million on net basis during the nine month period, up 10.89 percent or $268 million from year ago period.

Cash flow from financing activities was $1,799 million for the nine month period, up 14.73 percent or $231 million, when compared with the last year period.

Cash and cash equivalents stood at $681 million as on Sep. 30, 2016, down 42.34 percent or $500 million from $1,181 million on Sep. 30, 2015.

Working capital remains almost stable
Working capital of NextEra Energy, Inc. remained almost stable for the quarter at negative $3,709 million, when compared with the previous year period. Current ratio was at 0.65 as on Sep. 30, 2016, up from 0.64 on Sep. 30, 2015.

Cash conversion cycle (CCC) has increased to 66 days for the quarter from 17 days for the last year period. Days sales outstanding went up to 48 days for the quarter compared with 41 days for the same period last year.

Days inventory outstanding has decreased to 49 days for the quarter compared with 82 days for the previous year period. At the same time, days payable outstanding went up to 163 days for the quarter from 106 for the same period last year.