Nextera Energy Partners Lp Stock Price, News & Analysis

NextEra Energy Partners, LP (NYSE: NEP) has announced its fourth-quarter and full-year 2021 financial results. The partnership focuses on growth through acquiring and managing clean energy projects with stable, long-term cash flows. An investor presentation discussing these results will commence at 9 a.m. ET today, with a replay available for 90 days. The financial performance will also cover insights into NextEra Energy, Inc. (NYSE: NEE). For detailed results, visit www.NextEraEnergyPartners.com/FinancialResults.

NextEra Energy Partners has announced the appointment of John Ketchum as CEO effective March 1, 2022, following a planned leadership transition. Jim Robo will remain chairman until the annual meeting on April 20, 2022, at which point Ketchum is expected to take over as chair. Other leadership changes include Rebecca Kujawa as president and Kirk Crews as CFO. The announcement includes revised expectations for year-end 2021 run-rate adjusted EBITDA between $1.635 billion and $1.795 billion, and an anticipated distribution growth of 12% to 15% through 2024.

NextEra Energy, Inc. (NEE) has announced that it will disclose its fourth-quarter and full-year 2021 financial results on January 25, 2022, prior to the NYSE opening. The financial results will be accessible on the company’s website. A live investor presentation will follow at 9 a.m. ET on the same day, featuring discussions on the results of both NextEra Energy and NextEra Energy Partners, LP (NEP). Financial documents will be downloadable by 7:30 a.m. ET on the results release day, and a replay will be available for 90 days.

NextEra Energy Partners, LP (NYSE: NEP) will report its fourth-quarter and full-year 2021 financial results on Jan. 25, 2022, before the NYSE opens. The results will be available on its website, accompanied by a live investor presentation at 9 a.m. ET on the same day. Senior management, including CEO Jim Robo and CFO Rebecca Kujawa, will discuss the outcomes, including those of NextEra Energy, Inc. (NYSE: NEE). A replay of the webcast will be available for 90 days, ensuring stakeholders can access the crucial insights into the company’s financial performance.

NextEra Energy Partners, LP (NYSE: NEP) announced the early exercise of its buyout option for a minority equity interest in wind and solar assets acquired in 2018. The transaction, valued at approximately $885 million, involves issuing 7.25 million common units and paying $265 million in cash. This strategic move reflects strong asset performance and supports long-term growth objectives. The buyout is set to close on November 19, 2021. The company aims to fund the cash portion via existing credit facilities and project-level debt.

NextEra Energy Partners, LP (NYSE: NEP) announced that its resale registration statement on Form S-3 is expected to be effective on or about Dec. 3, 2021. This statement will allow the resale of common units convertible from $600 million in 0% convertible senior notes due 2025, originally issued on Dec. 3, 2020. Holders must submit a securityholder notice by Nov. 18, 2021, to be included in the registration. This registration does not constitute an offer to sell or buy securities until effective.

NextEra Energy (NYSE: NEE) and NextEra Energy Partners (NYSE: NEP) will participate in the EEI Financial Conference from Nov. 7 to 9, 2021, engaging in investor meetings throughout November and December. The management team plans to discuss long-term growth rate expectations for both companies. NextEra Energy is recognized as a leader in renewable energy generation and serves over 5.6 million customer accounts through its subsidiary, Florida Power & Light. Interested parties can access presentation materials on the respective investor websites.

NextEra Energy Partners (NYSE: NEP) announced its agreement to acquire a 50% stake in a 2,520-MW renewables portfolio for approximately $849 million. This acquisition, alongside a $824 million convertible equity financing with Apollo, enhances NEP's access to low-cost capital and expands its renewable energy footprint into three new states. The portfolio includes wind and solar assets with a weighted average contract life of 19 years, projected to contribute $184-$194 million in adjusted EBITDA and $58-$67 million in cash available for distribution (CAFD) in five years.

NextEra Energy Partners, LP (NYSE: NEP) has released its third-quarter 2021 financial results, accessible on their website. The company focuses on acquiring and managing clean energy projects with stable cash flows from wind, solar, and natural gas assets. An investor presentation, featuring CEO Jim Robo and CFO Rebecca Kujawa, will discuss these results live at 9 a.m. ET, with a replay available for 90 days. NextEra Energy Partners is formed by NextEra Energy, Inc. (NYSE: NEE) and operates diverse energy projects across the U.S.