Oct 28 (Reuters) - NextEra Energy (NEE.N) , opens new tab beat Wall Street estimates for third-quarter adjusted profit on Tuesday, helped by strength in its renewables unit amid increased surging demand from data centers fueling the artificial intelligence boom.

Power consumption is expected to hit record highs in 2025 and 2026, driven by a surge in demand from data centers needed to run artificial intelligence technologies, according to the U.S. Energy Information Administration.

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Shares of the company were up 2.2% in premarket trading.

Florida Power & Light (FPL), the company's regulated utility, posted a net income of $1.46 billion, up 13.2% from a year earlier.

NextEra Energy Resources (NEER), which is NextEra's renewable arm, added about 3 gigawatts (GW) of new renewables and storage to its backlog in the quarter. The unit's total backlog now totals roughly 30 GW.

NEER reported a net income of $1.28 billion in the third-quarter, compared with $1.22 billion a year earlier.

On Monday, NextEra and Google (GOOGL.O) , opens new tab reached an agreement to restart the Duane Arnold nuclear plant in Iowa which was shut five years ago.

Due to it being a reliable source of constant, carbon-neutral energy, nuclear power has been gaining traction in the U.S. after decades of stagnation, driven by the tech industry's growing need for vast amounts of electricity to power AI.

The U.S. nuclear regulator had also approved the license renewal for two units of NextEra's Point Beach plant in Wisconsin for another 20 years in September.

NextEra reported quarterly revenue of $7.97 billion, compared with $7.57 billion in the year-ago quarter.

The company earned $1.13 per share on an adjusted basis, compared with analysts' average estimate of $1.02, according to data compiled by LSEG.

https://www.reuters.com/business/energy/nextera-energy-beats-third-quarter-profit-estimates-2025-10-28/