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NextEra Energy Partners (NEP) Presents At 2022 Wells Fargo Leveraged Finance Conference - Slideshow
2022-09-09 21:12
Barclays Energy-Power Conference 1 Kirk Crews Executive VP and CFO, NextEra Energy 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. The forward-looking statements included herein are based, in part, upon federal and state tax laws in place prior to the enactment of H.R. 5376, or the Inflation Reduction Act of 2022, on August 16, 2022. Actual results coul ...
NextEra Energy Partners(NEP) - 2022 Q2 - Quarterly Report
2022-07-26 22:09
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, 2022 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 ...
NextEra Energy Partners(NEP) - 2022 Q1 - Quarterly Report
2022-04-22 20:22
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 March 31, 2022 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 exec ...
NextEra Energy Partners(NEP) - 2022 Q1 - Earnings Call Presentation
2022-04-21 15:52
Earnings Conference Call First Quarter 2022 April 21, 2022 NEXTera® ENERGY 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 ...
NextEra Energy Partners(NEP) - 2021 Q4 - Annual Report
2022-02-22 23:07
| Commission | Exact name of registrant as specified in its | IRS Employer | | --- | --- | --- | | File | charter, address of principal executive offices and | Identification | | Number | registrant's telephone number | Number | | 1-36518 | NEXTERA ENERGY PARTNERS, LP | 30-0818558 | 700 Universe Boulevard Juno Beach, Florida 33408 (561) 694-4000 Table of Contents State or other jurisdiction of incorporation or organization: Delaware Securities registered pursuant to Section 12(b) of the Act: UNITED STATES S ...
NextEra Energy Partners(NEP) - 2021 Q3 - Quarterly Report
2021-10-25 20:03
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 September 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 ...
NextEra Energy Partners(NEP) - 2021 Q2 - Quarterly Report
2021-07-26 20:14
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 ...
NextEra Energy Partners(NEP) - 2021 Q2 - Earnings Call Presentation
2021-07-23 15:18
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 ...
NextEra Energy Partners(NEP) - 2021 Q1 - Quarterly Report
2021-04-23 21:09
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]
NextEra Energy Partners(NEP) - 2021 Q1 - Earnings Call Presentation
2021-04-21 13:30
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 ...