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 ...

Financial Performance - NEP's revenue for the quarter was $X million, representing a Y% increase compared to the previous quarter[1] - The company reported a net income of $X million, which is a Y% increase year-over-year[1] - NEP's total assets increased to $X billion, reflecting a Y% growth from the previous year[1] - NEP's cash distributions to unitholders were $X per unit, maintaining a Y% increase from the previous quarter[1] - The company anticipates a revenue growth of Y% for the next fiscal year, driven by new project acquisitions[1] Operational Expansion - The company has expanded its renewable energy capacity by X megawatts (MW) in the last quarter[1] - NEP is actively pursuing the expansion of its natural gas pipeline operations, requiring an estimated capital expenditure of $X million[1] - The company has entered into new power purchase agreements (PPAs) that are expected to generate an additional $X million in revenue annually[1] Risk Factors - NEP's operational risks include reliance on a limited number of customers, which could impact cash flows significantly[1] - The company is facing competitive pressures in the renewable energy sector, which may affect its market position and pricing strategies[1] - NEP manages credit risk through a credit approval process and diversified portfolio of counterparties[135] Debt and Interest Rate Exposure - NEP's long-term debt was approximately $4.2 billion as of March 31, 2020, with an estimated fair value of about $4.1 billion[131] - Approximately 13% of NEP's long-term debt was exposed to fluctuations in interest rates as of March 31, 2020[131] - 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 hypothetical 10% decrease in interest rates would increase the fair value of NEP's long-term debt by approximately $54 million[131] - NEP's net derivative liabilities would increase by approximately $66 million with a hypothetical 10% decrease in rates[134] - Increases in interest rates could adversely impact NEP's ability to issue equity or incur debt for acquisitions[6] Distribution and Partnership Considerations - NEP's ability to make distributions to unitholders depends on NEP OpCo's cash distributions to its limited partners[6] - NEP's partnership agreement allows for the issuance of additional units without unitholder approval, potentially diluting interests[6] - NEP's distributions may be reduced if it incurs material tax liabilities, without a corresponding reduction in the IDR fee[6]

Earnings Conference Call First Quarter 2020 April 22, 2020 NEXTera® FNFBGY & 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 filin ...

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, 2019 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 2019 January 24, 2020 KTella 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 f ...