NextEra Energy Partners

We own interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry-leading technology and are located in regions that are favorable for generating energy from the wind and sun. The seven natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico.

NextEra Energy Partners’ intends to take advantage of favorable trends in the North American energy industry, including the ongoing trend of clean energy projects replacing aging or uneconomic projects, demand by utilities for renewable energy to meet state renewable portfolio standard requirements and the improving competitiveness of clean energy relative to other fuels. We focus on high-quality, long-lived projects operating under long-term contracts that are expected to produce stable long-term cash flows. We believe our cash flow profile, geographic and technological diversity, cost-efficient business model and relationship with NextEra Energy, a recognized clean energy leader, provides us with a significant competitive advantage and enables us to execute our growth strategy.

Type
Public
HQ
North Palm Beach, US
NextEra Energy Partners is headquartered in North Palm Beach, US

NextEra Energy Partners Office Locations

NextEra Energy Partners has an office in North Palm Beach
North Palm Beach, US (HQ)
700 Universe Blvd

NextEra Energy Partners Metrics

NextEra Energy Partners Financial Metrics

Revenue (2016)

$715 m

Revenue growth (2015-16), %

52%

Net income (2016)

$345 m

Market capitalization (21-Mar-2017)

$1.8 b

Closing share price (21-Mar-2017)

$33.3

Cash (31-Dec-2016)

$147 m
NextEra Energy Partners's current market capitalization is $1.8 b.
NextEra Energy Partners's revenue was reported to be $715 m in FY, 2016 which is a 51.8% increase from the previous period.
FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$301 m$471 m$715 m

Revenue growth, %

56%52%

Operating expense total

$139 m$256 m$425 m

EBIT

$162 m$215 m$290 m

EBIT margin, %

54%46%41%

Interest expense

$43 m$49 m($93 m)($117 m)($147 m)

Pre tax profit

$69 m$101 m$401 m

Income tax expense

($9 m)$8 m$16 m$21 m$56 m

Net Income

$25 m$80 m$345 m
Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$4 m$25 m$32 m$106 m$161 m$147 m

Accounts Receivable

$1.2 m$881 k

Inventories

$253.4 m$1.2 m$1.1 m

Current Assets

$370 m$342 m$355 m

PP&E

$4.2 b$5.1 b

Goodwill

$622 m$628 m

Total Assets

$2.7 b$6.1 b$7.2 b

Accounts Payable

$39.3 m$7.7 m$8.1 m

Current Liabilities

$163 m$241 m$397 m

Non-Current Liabilities

$1.9 b$4.3 b$4.6 b

Total Liabilities

$2 b$4.5 b$5 b

Total Equity

$711 m$1.6 b$2.2 b

Financial Leverage

3.8 x3.9 x3.3 x
FY, 2014FY, 2015FY, 2016

Net Income

$25 m$80 m$345 m

Depreciation and Amortization

$76 m$141 m$205 m

Accounts Receivable

($861 k)

Accounts Payable

($14.1 m)($1.4 m)

Cash From Operating Activities

$70 m$55 m$328 m

Capital Expenditures

($125 m)($283 m)

Cash From Investing Activities

($1.8 b)($1.2 b)

Cash From Financing Activities

$1.6 b$807 m

Free Cash Flow

($70 m)$45 m

NextEra Energy Partners Market Value History

NextEra Energy Partners Online Presence

NextEra Energy Partners Company Life

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