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Nextera Energy Partners Lp  (NEP)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $27.9100 $-0.70 -2.447%
Day's High: $28.85 Week Perf: -4.52 %
Day's Low: $ 27.48 30 Day Perf: -1.34 %
Volume (M): 1,831 52 Wk High: $ 64.43
Volume (M$): $ 51,109 52 Wk Avg: $42.47
Open: $28.50 52 Wk Low: $20.17



 Market Capitalization (Millions $) 2,993
 Shares Outstanding (Millions) 107
 Employees 467
 Revenues (TTM) (Millions $) 1,250
 Net Income (TTM) (Millions $) 218
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 1,269

Nextera Energy Partners Lp
NextEra Energy Partners LP is a limited partnership operating in the energy sector of the United States. The company is the largest renewable energy company in North America, with a portfolio of more than 14,000 megawatts of renewable energy projects. NextEra Energy Partners LP was founded in 2014 and is headquartered in Juno Beach, Florida.

NextEra Energy Partners LP is a subsidiary of NextEra Energy Inc., which is ranked among the Fortune 200 companies. The limited partnership is publicly traded on the New York Stock Exchange under the stock symbol NEP. NextEra Energy Partners LP operates as a yield corporation that owns, operates, and acquires contracted clean energy projects with long-term cash flows. The company focuses mainly on the development, acquisition, and ownership of wind and solar power generating facilities.

The limited partnership has also made investments in other renewable energy sectors such as energy storage, natural gas pipelines, and transmission lines. They also own and operate conventional and other forms of clean energy facilities, such as natural gas pipelines, hydroelectric power plants, and battery storage facilities. NextEra Energy Partners LP is committed to creating long-term value for its shareholders by prioritizing its acquisitions and operations in the sustainable energy sector.

NextEra Energy Partners LP boasts of a unique competitive edge over other renewable energy counterparts. The company employs state-of-the-art technology that focuses on improving energy efficiency and reducing energy waste. It has contracts with long-term partners such as utilities, commercial, and industrial customers, which creates a recurring revenue stream. Also, the company has a low cost of capital due to the strong credit rating of its parent company, NextEra Energy, which allows it to invest more in growth.

In conclusion, NextEra Energy Partners LP is a renewable energy limited partnership operating in North America. The company owns, operates, and invests in clean energy projects with long-term contracts to create a recurring revenue stream. NextEra Energy Partners LP also employs advanced technology that improves energy efficiency, combines with a low cost of capital, driving growth, and creating long-term value for stakeholders.


   Company Address: 700 Universe Boulevard Juno Beach 33408 FL
   Company Phone Number: 694-4000   Stock Exchange / Ticker: NYSE NEP
   


   

Stock Performances by Major Competitors

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Nextera Energy Partners Lp

Nextera Energy Partners Lp Reports Impressive 189.12% Profit Surge in Q4 2023

NextEra Energy Partners, LP (NEP) is a company that operates in the electric utilities industry. The stock performance of NEP has seen a significant decline of -59.43% from a year ago, bringing the share price down by -8.1% during the first quarter of 2024. Currently trading on the NYSE, the stock price is also -37.4% below its 52 week average.
Despite the decline in stock performance, NEP has shown growth in net profit per share, which increased rapidly by 189.12% to $1.04 per share in the most recent fiscal period. However, revenue has decreased by -12.782% to $232.00 million year on year. This is compared to the previous year where EPS soared by 83.26% from $0.57 per share, and revenue tumbled by -36.785% from $367.00 million.

Nextera Energy Partners Lp

NextEra Energy Partners LP Shines with Marvelous Top-Line Gain of 21.523% in Q3 2023



NextEra Energy Partners LP recently released its financial results for the July to September 30, 2023 time-frame, showcasing a mixed bag of both positive and concerning trends. While the company experienced a healthy increase in revenue, there were notable declines in net earnings and income per share compared to the previous fiscal period. This article explores the implications of these results and the potential impact they may have on NextEra Energy Partners LP's future.
1. Revenue Growth Signals Positive Momentum
NextEra Energy Partners LP demonstrated resilience with a 21.523% increase in revenue during the financial period ending September 30, 2023. This impressive growth indicates the company's ability to generate higher sales and points towards a potentially promising future. By refocusing their efforts on improving sales, NextEra Energy Partners LP displayed a strategic approach to maximize revenue generation.

Nextera Energy Partners Lp

Minor Revenue Fall at Nextera Energy Partners LP; Posts Positive Earnings Amid 2023 Second Quarter Financial Highlights



The financial results for Nextera Energy Partners LP's fiscal time-frame of April to June 2023 revealed a significant decline in earnings per share (EPS) compared to the previous year. Additionally, the company experienced a contraction in revenue, a notable decrease in earnings, and a decline in profitability indicators. This article will explore the potential impacts of these results on the company's future prospects.
Earnings per Share and Revenue:
NEP's EPS plunged by an alarming -79.69% to $0.53 per share, down from $2.61 per share in the same period the previous year. However, the company managed to turn its EPS positive compared to the previous quarter when it stood at $-0.17 per share. Simultaneously, revenue contracted -3.315% to $350.00 million compared to $362.00 million from the corresponding quarter a year ago. Nonetheless, the sequential revenue showed a promising improvement of 16.279% from $301.00 million.






 

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Earnings Outlook
Nextera Energy Partners Lp does not provide earnings estimates.

 
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