NextEra Energy's $62.4 billion Dominion merger: pro forma EPS trails standalone
NextEra Energy filed unaudited pro forma financial statements for its proposed merger with Dominion Energy, which was agreed on May 15, 2026. The filing estimates total merger consideration of $62.4 billion, based on NEE's $84.84 closing price on June 11, 2026, and shows pro forma earnings per share below NEE's historical figures, though pro forma net income is higher. The deal still needs shareholder approvals and several regulatory approvals before closing.
- Each Dominion Energy share would receive 0.8138 NEE shares plus a pro rata share of $360 million in cash.
- Pro forma basic EPS for the three months ended March 31, 2026 was $0.92, versus NEE's historical $1.05.
- Pro forma basic EPS for 2025 was $3.20, versus NEE's historical $3.31; pro forma 2025 operating revenues were $42.9 billion.
- Closing requires approval by both companies' shareholders and approvals including HSR, FERC, NRC, and the Virginia, North Carolina and South Carolina regulators.