NextEra Energy Partners, LP

NextEra Energy Partners, LP

NEP
NextEra Energy Partners, LPUS flagNew York Stock Exchange
10.54
USD
+0.10
- -
985.85MMarket Cap
NextEra Energy Partners, LP
NEP
(New York Stock Exchange)

Recent

price

10.54

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
5.72
11.02
19.2
21.97
17.63
14.89
14.04
14.54
13.5
9.35
11.41
11.77
10.66
Revenue per Share
0.98
1.23
0.16
0.44
1.89
-1.18
3.04
-1.5
-0.81
1.77
5.62
2.18
2.18
Basic EPS, GAAP
1.72
6.28
9.73
12.63
9.47
7.62
6.59
5.88
9.79
8.77
9.14
7.98
7.45
Free Cash Flow per Basic Share
8.62
8.86
52.25
49.21
15.57
5.66
5.52
6.51
6.61
8.02
7.49
8.09
8.38
Dividend per Share
2.93
3.88
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
43.16
43.88
87.33
25.18
28.77
17.12
67.27
71
72.4
97.15
140.75
122.67
116.78
Tangible Book Value per Share
16
16
19
23
44
54
55
59
68
77
85
92
93
Basic Weighted Avg Shares
93
179
359
501
772
807
771
855
917
722
969
1,078
996
Sales/Revenue/Turnover
52.69
40.22
49.03
41.72
39.12
38.66
37.61
27.25
27.81
9.56
0.83
-2.6
-8.84
Operating Margin (%)
23
54
99
163
235
226
203
331
374
405
573
635
636
Depreciation Expense
16
20
3
10
83
-61
192
-71
-50
137
477
200
204
Net Income, GAAP
- -
28.57
- -
23.57
12.95
59.43
2.2
- -
- -
12.21
14.25
- -
26.58
Effective Tax Rate (%)
17.2
11.17
0.84
2
10.75
-7.56
24.9
-8.3
-5.45
18.98
49.23
18.55
20.48
Profit Margin (%)
165
-214
164
-158
-451
122
-519
132
64
149
536
545
430
Working Capital
1,381
1,429
1,807
3,334
3,508
4,218
2,728
4,132
3,376
5,294
5,250
4,941
5,074
LT Debt
701
713
1,633
1,892
2,566
2,224
5,538
7,066
7,707
11,159
14,772
14,057
13,604
Total Equity
- -
2.23
- -
3.6
4.58
1.99
3.65
- -
- -
0.44
0.04
- -
- -
Return on Invested Capital (%)
- -
3.32
- -
0.07
-1.92
-3.54
6.55
- -
- -
-1.35
3.73
- -
3.29
Return on Capital (%)
- -
36.17
9.52
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
1,349
850
100
LT Borrowings
4,942
4,924
5,074
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
94
94
94
Market Capitalization
2,507
2,379
2,467

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
2,183
1,500
852
Cash, Cash Equivalents & STI
245
281
290
Accounts Receivable, Net
133
151
116
Inventories
88
93
102
Total Current Liabilities
1,604
1,150
422
Payables & Accruals
200
230
247
ST Debt
1,349
850
100
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
42.52%
21.8%
-4.84%
Free Cash Flow
26.63%
19.68%
-5.8%
Net Income, GAAP
-6.04%
-70.09%
-58.07%
Sales/Revenue/Turnover
23.66%
8.47%
11.25%
Total Cash Common Dividend
60.17%
22.33%
16.51%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
281
362
302
266
969
2023
245
293
308
60
1,078
2024
257
360
319
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
1.72
2.61
0.93
0.39
5.62
2023
-0.16
0.53
0.57
1.2
2.18
2024
0.75
0.66
-0.43
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
1.63
1.79
2.13
1.94
7.49
2023
1.94
1.94
2.21
2
8.09
2024
2.01
1.99
2.37
- -
- -
Business
NextEra Energy Partners, LP (NEP) is a growth-oriented limited partnership that acquires, manages, and owns contracted clean energy projects, including wind, solar, and energy storage facilities as well as natural gas pipeline assets; through its controlling interest in NextEra Energy Operating Partners, LP, it holds a diversified portfolio of renewable generation assets with long-term, stable cash flows backed by investment-grade off-takers. The company operates primarily in the United States and Canada, with wind and solar projects spanning multiple states and provinces. Founded in 2014 and headquartered in Juno Beach, Florida, NEP functions as a subsidiary platform of NextEra Energy, Inc., focusing on renewable energy infrastructure for institutional and retail investors seeking predictable distributions. NEP's core assets include approximately 989 megawatts of initial wind and solar capacity from 10 projects at its 2014 inception, expanded to a broader portfolio of contracted renewables and seven natural gas pipelines as of late 2023; it emphasizes high-quality, investment-grade contracted projects to deliver consistent returns. The partnership targets utilities, corporations, and wholesale buyers in competitive renewable energy markets across North America. In recent developments, NEP announced in November 2025 a private offering of $750 million in senior unsecured notes by its operating entity, bolstering its capital structure amid ongoing portfolio management; earlier in January 2025, its general partner approved amendments to governance structures, reflecting operational refinements. The company has pursued strategic shifts, including a 2023 plan to transition into a leading 100% renewables pure-play entity and revised growth expectations to limit equity issuances, alongside historical acquisitions like a 1,080-megawatt renewables portfolio in 2022 financed with Ontario Teachers' Pension Plan. These moves underscore NEP's focus on enhancing asset diversity, reducing leverage dependencies, and capitalizing on clean energy demand.

Company News

APIChatGPT
  • Giant US power merger bets on AI build-out, but may hinge on power bills

  • XIFR, NEP DEADLINE: ROSEN, NATIONAL INVESTOR RIGHTS COUNSEL, Encourages XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – XIFR, NEP

  • XIFR, NEP Investors Have Opportunity to Lead XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Securities Fraud Lawsuit

  • XIFR, NEP Investors Have Opportunity to Lead XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Securities Fraud Lawsuit

  • XIFR, NEP Investors Have Opportunity to Lead XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Securities Fraud Lawsuit

  • Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 9, 2025 in XPLR Infrastructure, LP Lawsuit – NEP

  • XPLR INFRASTRUCTURE INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP Investors with Substantial Losses Have Opportunity to Lead the XPLR Infrastructure Class Action Lawsuit

  • Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against XPLR Infrastructure, LP (f/k/a NextEra Energy Partners, LP) (NEP)

  • Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against XPLR Infrastructure, LP (NEP) And Encourages Shareholders to Reach Out

  • Lost Money on XPLR Infrastructure, LP(NEP)? You May Have Been Affected by Fraud- Contact Levi & Korsinsky

  • XPLR Infrastructure, LP (NEP) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation

  • Shareholder Rights Advocates at Levi & Korsinsky Investigate XPLR Infrastructure, LP (NEP) Regarding Possible Securities Fraud Violations

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of XPLR Infrastructure, LP (f/k/a NextEra Energy Partners, LP) - NEP

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of XPLR Infrastructure, LP (f/k/a NextEra Energy Partners, LP) - NEP

  • Bronstein, Gewirtz & Grossman, LLC Encourages XPLR Infrastructure, LP (NEP) Shareholders to Inquire about Securities Investigation

  • XPLR Infrastructure, LP Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - NEP

  • XPLR Infrastructure, LP (NEP) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the Investigation

  • XPLR Infrastructure, LP Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details- NEP

  • Bronstein, Gewirtz & Grossman, LLC Is Investigating XPLR Infrastructure, LP (NEP) And Encourages Investors to Connect

  • Investors who lost money on XPLR Infrastructure, LP should contact Levi & Korsinsky about an ongoing investigation - NEP