The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. NextEra Energy Partners (NEP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. NextEra Energy Partners is a member of the Oils-Energy sector. Thi ...

NextEra Energy Partners (NEP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this limited partnership for clean-energy projects have returned -2.8% over the past month versus the Zacks S&P 500 composite's -4.1% change. The Zacks Alternative Energy - Other industry, to which NextEra Energy Partners belongs, has gained 11.2% over this period. Now the key q ...

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, 2024 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 ...

Investors are getting more comfortable with NextEra Energy Partners' long-term cash flow plans.Shares of renewable energy finance company NextEra Energy Partners (NEP 4.77%) jumped as much as 8.8% in trading on Tuesday after reporting first-quarter 2024 financial results. Shares were up 7.5% at 2:30 p.m. ET and holding steady gains for the day.Delivering against low expectationsNextEra Energy Partners investors have been expecting the worst as interest rates rise and the company must maneuver around refinan ...

NextEra Energy Partners, LP (NEP) recorded first-quarter 2024 operating earnings of 75 cents per unit, which surpassed the Zacks Consensus Estimate of 12 cents by 525%. In the year-ago quarter, the firm reported a loss of 17 cents per unit.RevenuesThe firm’s operating revenues of $257 million missed the Zacks Consensus Estimate of $346 million by 25.7%. The figure, however, increased 4.9% from $245 million registered in the prior-year period. Highlights of the ReleaseTotal operating expenses were $278 milli ...

NextEra Energy Partners (NEP) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 525%. A quarter ago, it was expected that this limited partnership for clean-energy projects would post earnings of $0.03 per share when it actually produced a loss of $0.35, delivering a surprise of -1,266.67%. ...

Exhibit 99 NextEra Energy Partners, LP Media Line: 561-694-4442 April 23, 2024 FOR IMMEDIATE RELEASE NextEra Energy Partners, LP reports first-quarter 2024 financial results JUNO BEACH, Fla. - NextEra Energy Partners, LP (NYSE: NEP) today reported first-quarter 2024 net income attributable to NextEra Energy Partners of $70 million. NextEra Energy Partners also reported first-quarter 2024 adjusted EBITDA of $462 million and cash available for distribution (CAFD) of $164 million. "NextEra Energy Partners rema ...

NextEra Energy Partners has multiple upside catalysts.NextEra Energy Partners (NEP 1.18%) has gotten the wind knocked out of its sails in recent years. The renewable energy stock has crashed nearly 70% from its peak in early 2022, pushing its dividend yield up to around 13%. A big factor driving the decline has been rising interest rates. I've been steadily adding to my position in the high-yielding renewable energy stock, including recently buying more shares at a nearly 70% discount to the peak price. Her ...

Table of Contents 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, 2023 OR Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months. Yes þ No o ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Financial Data and Key Metrics Changes - NextEra Energy reported full year adjusted earnings per share (EPS) of $3.17, an increase of over 9% from 2022, exceeding the high end of adjusted EPS expectations [18] - The company achieved compound annual adjusted EPS growth of roughly 10% over the past 10 years, the highest among the top 10 power companies [20] - Adjusted EBITDA for NextEra Energy Partners for the full year 2023 was approximately $1.9 billion, up 13.6% year-over-year [34] Business Line Data and Key Metrics Changes - Florida Power & Light (FPL) adjusted EPS increased by $0.22 versus 2022, driven by a regulatory capital employed growth of approximately 12.5% [29] - Energy Resources added approximately 9,000 megawatts of new renewables and battery storage projects to its backlog, reflecting strong demand [31] - FPL's capital expenditures were approximately $9.4 billion for the full year, supporting the commissioning of roughly 1,200 megawatts of solar in 2023 [29] Market Data and Key Metrics Changes - Florida's GDP is now roughly $1.6 trillion, an increase of 9.3% over last year, indicating a strong economic environment [30] - FPL's retail sales increased 1.6% in Q4 2023 on a weather-normalized basis, driven by strong customer growth [30] - The demand for renewables has never been stronger, with Energy Resources positioned to capitalize on this trend [13] Company Strategy and Development Direction - NextEra Energy aims to increase FPL's solar generation from 5% to roughly 35% by 2032, adding over 15,000 incremental megawatts [23] - The company is focused on optimizing its existing footprint and has a substantial development pipeline, including roughly 150 gigawatts of interconnection queue positions for new renewables and storage projects [26] - NextEra Energy is strategically positioned to benefit from the shift towards electrification, with renewables expected to double to over 30% of the U.S. generating mix by 2030 [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, citing declining inflation and interest rates as potential tailwinds for renewables demand [21] - The company has taken steps to mitigate exposure to interest rate volatility through its interest rate hedging program [21] - Management emphasized the importance of their world-class team and culture of continuous improvement as key competitive strengths [28] Other Important Information - The company successfully navigated supply chain challenges and higher inflation over the past two years, establishing new solar supply chains leading to lower solar panel prices [7] - NextEra Energy has a strong balance sheet and has constructed and placed in service roughly 6,800 megawatts of new renewables and storage projects in 2023 [12] - The partnership does not expect to require growth equity until 2027, indicating a stable financial outlook [27] Q&A Session Summary Question: Funding for higher repowering opportunities - Management indicated they are considering project financing and tax equity as options for funding repowering opportunities [38] Question: Update on FEC investigation - Management stated there has been no update from the FEC regarding the investigation and emphasized the lack of a prescribed timeline for a response [40][69] Question: Thoughts on the sustainability of IRA provisions - Management expressed confidence that existing laws, including IRA provisions, are unlikely to be repealed, citing historical precedents [72][89] Question: Details on origination trends - Management noted strong demand for solar and storage, with wind bookings being lower, but expressed confidence in meeting development expectations [46][77] Question: Growth opportunities in transmission - Management highlighted that transmission opportunities take time to materialize but are expected to contribute significantly to EBITDA over the coming years [99]