NextEra Energy Partners(NEP)

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NextEra Energy (NEE) & NextEra Energy Partners (NEP) Presents At Wolfe Research Utilities & Energy Conference - Slideshow
2019-10-03 21:14
Wolfe Research 2019 Power & Gas Leaders Conference Jim Robo Chairman and CEO, NextEra Energy October 2, 2019 xTera NEXTera energy PARTNERS M 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 And NextEra Energy Partners (NEP) Presents At Barclays CEO Energy Power Conference - Slideshow
2019-09-03 18:55
September 2019 Investor Presentation NEXTera® ENERGY W NEXTera energy® PARTNERS 1 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 Financial I ...
NextEra Energy Partners(NEP) - 2019 Q2 - Quarterly Report
2019-07-24 21:23
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, 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 off ...
NextEra Energy Partners(NEP) - 2019 Q2 - Earnings Call Transcript
2019-07-24 18:33
Financial Data and Key Metrics Changes - NextEra Energy reported a GAAP net income of $1.234 billion, or $2.56 per share for Q2 2019, with adjusted earnings of $1.133 billion and adjusted EPS of $2.35, reflecting strong performance across all businesses [41][43] - Adjusted EPS increased nearly 13% year-over-year, driven by successful performance across all business lines [9][41] - FPL's earnings per share increased by $0.05 year-over-year, with net income growth of nearly 6% [10][15] Business Line Data and Key Metrics Changes - FPL reported net income of $653 million, or $1.37 per share, an increase of $37 million year-over-year [15] - Energy Resources adjusted EPS increased by $0.10 year-over-year, primarily due to contributions from new investments [12][32] - Gulf Power reported GAAP earnings of $45 million, or $0.09 per share, with adjusted earnings of $58 million, or $0.12 per share [24] Market Data and Key Metrics Changes - FPL's average number of customers increased by approximately 100,000 year-over-year, with retail sales up approximately 6.5% [30] - Gulf Power's retail sales increased 2.3% year-over-year, primarily due to favorable weather [31] - Florida's economy continues to grow, with an unemployment rate of 3.4%, and the real estate sector showing growth [29] Company Strategy and Development Direction - NextEra Energy is focused on capital investments to lower costs, improve reliability, and provide clean energy solutions [10][23] - The company is capitalizing on a favorable environment for renewables development, with a backlog increase of more than 1,850 megawatts [12][13] - NextEra Energy Partners is positioned to benefit from significant wind and solar growth expected in the U.S. [50][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year financial expectations, despite potential lower growth rates in the second half of the year due to various factors [14][45] - The company expects adjusted EPS growth at the top end of the 6% to 8% range through 2021, with a compound annual growth rate expected to continue through 2025 [46][49] - Management remains optimistic about the resolution of PG&E's bankruptcy and its impact on cash flow [55][67] Other Important Information - NextEra Energy Transmission acquired Trans Bay Cable, expanding its rate-regulated operations [42] - The company expects to grow dividends per share by 12% to 14% per year through at least 2020 [48] - NextEra Energy Partners executed a plan to expand its portfolio by acquiring approximately 600 megawatts of wind and solar projects [52] Q&A Session Summary Question: Benefits of merging utility businesses - Management indicated that the evaluation of merging Gulf Power and FPL is in early stages, with potential operational and financial benefits being considered [73][74] Question: Update on PG&E - Management is focused on ensuring PG&E successfully exits bankruptcy to free up cash flow, while also exploring other options [75][76] Question: Second half activities and wind repowerings - Management discussed liability management activities and the potential negative net income impact from wind repowerings, which are expected to yield long-term benefits [79][80] Question: Gulf Power integration and rate case filing - Integration efforts at Gulf Power are progressing well, with a rate case filing expected in 2021 for new rates effective in 2022 [88][89] Question: Wind and solar development changes - Management noted geographic expansion in wind and solar development, with positive customer reception for low-cost generation opportunities [93][94] Question: Competitive dynamics with new entrants - Management emphasized maintaining competitive advantages in scale and capital, despite new entrants in the renewables market [96]
NextEra Energy Partners(NEP) - 2019 Q1 - Quarterly Report
2019-04-23 20:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 Commission File Number Exact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone number 1-36518 NEXTERA ENERGY PARTNERS, LP 30-0818558 700 Universe Boulevard Juno Beach, Florida 33408 (561) 694-4000 State or other jurisdiction of incorporation or organization: Delawa ...
NextEra Energy Partners(NEP) - 2019 Q1 - Earnings Call Transcript
2019-04-23 18:28
NextEra Energy Partners, LP (NYSE:NEP) Q1 2019 Results Conference Call April 23, 2019 9:00 AM ET Company Participants Matt Roskot - Director, IR Jim Robo - Chairman and CEO, NextEra Energy Rebecca Kujawa - EVP and CFO, NextEra Energy John Ketchum - President and CEO, NextEra Energy Resources Eric Silagy - President and CEO, Florida Power & Light Company Conference Call Participants Stephen Byrd - Morgan Stanley Steve Fleishman - Wolfe Research Shahriar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - ...
NextEra Energy Partners (NEP) Investor Presentation - Slideshow
2019-03-04 22:18
March 2019 Investor Presentation IEXTera® ENERGY W NEXTera energy™ PARTNERS & Cautionary Statements And Risk Factors That May Affect Future Results This presentation includes 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 Financial Inform ...
NextEra Energy Partners(NEP) - 2018 Q4 - Annual Report
2019-02-19 21:40
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, 2018 Commission File Number Exact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone number 1-36518 NEXTERA ENERGY PARTNERS, LP IRS Employer Identification Number 30-0818558 700 Universe Boulevard Juno Beach, Florida 33408 (561) 694-4000 State ...
NextEra Energy Partners(NEP) - 2023 Q2 - Earnings Call Transcript
2019-01-25 21:00
NextEra Energy Partners, LP (NYSE:NEP) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET Company Participants John Ketchum - Chairman, President, Chief Executive Officer of NextEra Energy Kirk Crews - Executive Vice President, Chief Financial Officer of NextEra Energy Rebecca Kujawa - President, Chief Executive Officer of NextEra Energy Resources Mark Hickson - Executive Vice President of NextEra Energy Armando Pimentel - President, Chief Executive Officer, Florida Power & Light Company Kristin Ros ...
NextEra Energy Partners(NEP) - 2018 Q4 - Earnings Call Presentation
2019-01-25 18:42
Earnings Conference Call Fourth Quarter and Full Year 2018 January 25, 2019 xTela NEXTera energy" PARTNERS Cautionary Statements And Risk Factors That May Affect Future Results This presentation includes 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 ...