UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from ________ to ________ | | | --- | --- | --- | | Commission | Exact name of registrant as specified in its | IRS Employer | | File | charter, address of principal execu ...

Earnings Conference Call Second Quarter 2021 July 23, 2021 xTera® JERGY W NEXTera energy® PARTNERS % Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy's and NextEra Energy Partners' SEC filings. N ...

Financial Performance - Total operating revenues for Q1 2021 were $246 million, a 16% increase from $212 million in Q1 2020[23] - Net income attributable to NextEra Energy Partners, LP was $202 million in Q1 2021, compared to a net loss of $222 million in Q1 2020[23] - Earnings per common unit attributable to NextEra Energy Partners, LP were $2.66 in Q1 2021, recovering from a loss of $3.39 in Q1 2020[23] - For the three months ended March 31, 2021, NEP reported operating revenues of $149 million from renewable energy sales and $60 million from natural gas transportation services[43] - Operating income rose to $78 million for the three months ended March 31, 2021, compared to $49 million in the prior year, indicating improved operational performance[90] - NEP's net income attributable to Nextera Energy Partners, LP was $202 million for the three months ended March 31, 2021, compared to a net loss of $222 million in the same period of 2020[90] - The company recorded an income tax expense of approximately $70 million for the three months ended March 31, 2021, resulting in an effective tax rate of 11%[97] - NEP's equity in earnings of equity method investees increased by approximately $25 million during the three months ended March 31, 2021, primarily due to earnings from Pine Brooke Holdings and Desert Sunlight[95] Assets and Liabilities - Total current assets increased to $529 million as of March 31, 2021, up from $414 million at the end of 2020[29] - Total liabilities decreased to $4,445 million as of March 31, 2021, down from $4,855 million at the end of 2020[29] - Common units issued and outstanding remained at 75.9 million, with total equity increasing to $8,121 million as of March 31, 2021, up from $7,707 million at the end of 2020[29] - The fair value of NEP's long-term debt, including current maturities, was approximately $3,553 million as of March 31, 2021[56] - NEP's total long-term debt outstanding included approximately $90 million from a senior secured revolving credit facility and approximately $851 million under the existing credit agreement of the Meade purchaser as of March 31, 2021[65] - NEP's noncontrolling interests increased to $5,669 million as of March 31, 2021, compared to $5,353 million at the end of 2020, reflecting changes in net income and distributions[83] Cash Flow and Investments - Net cash provided by operating activities was $104 million in Q1 2021, compared to $99 million in Q1 2020[31] - Capital expenditures and other investments were $45 million in Q1 2021, a decrease from $52 million in Q1 2020[31] - NEP's net cash used in investing activities rose to $107 million in Q1 2021 from $88 million in Q1 2020, primarily due to higher cash sweeps under the CSCS agreement[115] - NEP's financing activities resulted in a net cash inflow of $4 million for the three months ended March 31, 2021, compared to a net outflow of $20 million in the same period in 2020[116] - The company expects to fund future acquisitions and investments primarily through internally generated cash flow and borrowings under credit facilities[101] Acquisitions and Projects - NEP completed the acquisition of Wilmot Energy Center, a 100 MW solar generation facility, and a 30 MW battery storage facility in Arizona, with an expected service date in Q2 2021[41] - NEP expects to finalize the acquisition of multiple project companies for a base purchase price of approximately $733 million in Q3 2021, pending regulatory approvals[42] - The company has a remaining commitment of approximately $48 million related to a pipeline expansion project, with $42 million already invested as of March 31, 2021[84] Derivative Instruments and Risk Management - The company reported a change in the value of derivative contracts of $(540) million in Q1 2021, compared to a gain of $795 million in Q1 2020[31] - As of March 31, 2021, NEP's derivative instruments had a net notional amount of approximately $7,094 million, with interest rate contracts recorded as liabilities totaling $268 million[47][53] - Approximately 2% of NEP's long-term debt was exposed to fluctuations in interest rates, with interest rate contracts in place for a net notional amount of approximately $7.1 billion[120] Governance and Shareholder Matters - The board of directors authorized a distribution of $0.6375 per common unit payable on May 14, 2021, to common unitholders of record on May 6, 2021[69] - NEP's unitholders elected four nominees to the Board of Directors with voting percentages ranging from 79.6% to 96.1%[129] - Deloitte & Touche LLP was ratified as NEP's independent registered public accounting firm for 2021 with 99.93% of votes in favor[130] - NEP's compensation for named executive officers received 92.5% approval from unitholders[131]

Earnings Conference Call First Quarter 2021 April 21, 2021 xTera" NEXTera energy® PARTNERS ® Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy's and NextEra Energy Partners' SEC filings. Non-GAAP ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ | Commission | Exact name of registrant as specified in its | IRS Employer | | --- | --- | --- | | File | charter, address of principal executive offices ...

Earnings Conference Call Fourth Quarter and Full Year 2020 January 26, 2021 H( NEXTera energy® PARTNERS W Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy's and NextEra Energy Partners' SEC filin ...

Cash Distributions and Financial Risks - NEP's ability to make cash distributions to unitholders is significantly influenced by weather conditions affecting its renewable energy projects[14]. - NEP's cash distributions may be reduced due to restrictions on its subsidiaries' cash distributions under financing agreements[19]. - NEP's distributions to unitholders may be reduced if material tax liabilities are incurred[6]. - The partnership agreement allows NEP to issue additional units without unitholder approval, potentially diluting interests[6]. Growth Strategy and Market Competition - The company is pursuing the expansion of natural gas pipelines and repowering of wind projects, which will require substantial upfront capital expenditures[14]. - NEP's growth strategy relies on acquiring additional projects at favorable prices, with a focus on clean energy sources[19]. - The company faces competition from regulated utilities, developers, and private equity funds for opportunities in North America[19]. - Legislative changes affecting incentives for clean energy could negatively impact NEP's growth strategy[19]. Operational and Environmental Risks - The coronavirus pandemic poses risks that could adversely impact NEP's business and financial condition[20]. - NEP's renewable energy projects may not meet minimum production obligations under power purchase agreements if energy production is lower than expected[15]. - The company is subject to various operational risks, including severe weather and potential accidents affecting pipeline operations[14]. Financial Performance and Debt Management - NEP's financial performance is highly dependent on the performance of NEER, which is obligated to return funds received by NEP's subsidiaries[19]. - NEP's long-term debt was approximately $3.9 billion with an estimated fair value of $4.0 billion as of September 30, 2020[135]. - 14% of NEP's long-term debt was exposed to fluctuations in interest rates, while the remainder was either fixed rate or financially hedged[135]. - NEP had interest rate contracts with a net notional amount of approximately $7.1 billion to manage cash flow variability associated with debt issuances[137]. - A hypothetical 10% decrease in interest rates would increase the fair value of NEP's long-term debt by approximately $36 million[135]. - NEP's net derivative liabilities would increase by approximately $83 million with a hypothetical 10% decrease in rates[137]. - NEP is exposed to counterparty credit risk, which could impact expected cash flows[138]. - The company manages credit risk through credit policies, including a credit approval process and diversified counterparties[138]. Interest Rate Impact - Increases in interest rates could adversely impact NEP's ability to issue equity or incur debt for acquisitions[6].

Earnings Conference Call Third Quarter 2020 October 21, 2020 XTera NEXTera energy® PARTNERS W 2 Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy's and NextEra Energy Partners' SEC filings. These ...

Financial Performance and Risks - NEP's ability to make cash distributions to unitholders is significantly influenced by weather conditions affecting its renewable energy projects[13]. - NEP's financial performance is highly dependent on the performance of its affiliate, NEER, regarding the return of funds for project costs[18]. - The coronavirus pandemic poses risks that could adversely impact NEP's business and financial condition[19]. - NEP's cash distributions may be reduced due to restrictions on its subsidiaries' cash distributions under financing agreements[18]. - Material tax liabilities could reduce distributions to unitholders without a corresponding reduction in IDR fees[20]. - Distributions to unitholders may be taxable as dividends, affecting net returns[20]. Growth Strategy and Competition - NEP's growth strategy relies on acquiring additional projects at favorable prices, with a focus on clean energy sources[18]. - The company is pursuing the expansion of natural gas pipelines and repowering of wind projects, which will require substantial upfront capital expenditures[13]. - The company faces competition from regulated utilities, developers, and private equity funds for opportunities in North America[18]. - Legislative changes affecting incentives for clean energy could negatively impact NEP's growth strategy[18]. Operational and Financial Management - NEP is subject to various operational risks, including severe weather and potential accidents affecting pipeline operations[13]. - NEP's long-term debt was approximately $4.2 billion as of June 30, 2020, with 13% exposed to fluctuations in interest rates[130]. - A hypothetical 10% decrease in interest rates would increase the fair value of NEP's long-term debt by approximately $44 million[130]. - NEP had interest rate contracts with a net notional amount of approximately $7.1 billion to manage cash flow variability associated with debt[132]. - A 10% decrease in interest rates would increase NEP's net derivative liabilities by approximately $71 million[132]. - NEP is exposed to counterparty credit risk, which could impact expected cash flows[133]. - NEP manages credit risk through credit policies, including a credit approval process and diversified counterparties[133]. Capital Structure and Unit Issuance - NEP's partnership agreement allows for the issuance of additional units without unitholder approval, potentially diluting interests[20]. - Increases in interest rates could adversely impact NEP's ability to issue equity or incur debt for acquisitions[20].

Earnings Conference Call Second Quarter 2020 July 24, 2020 XTera NEXTera energy® PARTNERS W 2 Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy's and NextEra Energy Partners' SEC filings. These pr ...