OverviewSuggest Edit

NextEra Energy Partners acquires, owns, and operates contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as in seven contracted natural gas pipeline assets in Texas. It has a portfolio of renewable energy projects.

TypePublic
Founded2014
HQNorth Palm Beach, US
Websiteinvestor.nexteraenergypartners.com

Latest Updates

Revenue (FY, 2018)$771 M(-4%)
Share Price (Nov 2019)$50.8

Key People/Management at NextEra Energy Partners

James L. Robo

James L. Robo

Chairman and Chief Executive Officer
Charles E. Sieving

Charles E. Sieving

General Counsel
Paul Cutler

Paul Cutler

Treasurer and Assistant Secretary
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NextEra Energy Partners Office Locations

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

NextEra Energy Partners Revenue

NextEra Energy Partners's revenue was reported to be $771 m in FY, 2018
USD

Revenue (Q3, 2019)

253.0m

Net income (Q3, 2019)

(72.0m)

EBIT (Q3, 2019)

88.0m

Market capitalization (12-Nov-2019)

8.2b

Closing stock price (12-Nov-2019)

50.8

Cash (30-Sep-2019)

195.0m

EV

12.1b
NextEra Energy Partners's current market capitalization is $8.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

301.0m471.0m715.0m807.0m771.0m

Revenue growth, %

56%52%

Depreciation and amortization

76.0m4.0m18.0m17.0m

EBIT

162.0m215.0m290.0m307.0m443.0m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

86.7m89.0m74.0m107.0m103.0m165.0m171.0m186.0m175.0m204.0m177.0m225.0m178.0m177.0m219.0m253.0m

Operating expense total

37.0m

Depreciation and amortization

20.0m

EBIT

50.4m52.0m31.0m50.0m46.0m73.0m75.0m79.0m73.0m88.0m66.0m265.0m59.0m34.0m67.0m88.0m
Annual
usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.0m25.0m32.0m106.0m161.0m147.0m154.0m147.0m

Accounts Receivable

25.0m72.0m80.0m85.0m80.0m

Prepaid Expenses

46.0m37.0m

Inventories

253.4m1.2m1.1m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

107.1m118.0m52.0m100.0m696.0m133.0m244.0m133.0m82.0m128.0m135.0m654.0m76.0m127.0m163.0m195.0m

Accounts Receivable

63.0m60.0m33.0m51.0m48.0m92.0m92.0m91.0m89.0m97.0m83.0m86.0m73.0m71.0m101.0m102.0m

Prepaid Expenses

1.6m3.0m3.0m2.0m4.0m4.0m19.0m22.0m29.0m28.0m42.0m49.0m36.0m36.0m29.0m39.0m

Inventories

5.6m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

25.0m80.0m345.0m109.0m267.0m

Depreciation and Amortization

76.0m141.0m205.0m

Inventories

13.0m

Accounts Payable

(6.0m)4.0m6.0m(11.0m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

27.5m52.0m2.0m30.0m46.0m(14.0m)13.0m149.0m12.0m95.0m132.0m274.0m385.0m(22.0m)(244.0m)(488.0m)

Depreciation and Amortization

9.0m21.0m46.0m

Accounts Payable

1.0m(1.0m)(2.0m)(3.0m)(2.0m)(2.0m)(5.0m)(2.0m)(3.0m)(3.0m)(21.0m)(19.0m)

Cash From Operating Activities

84.6m122.0m15.0m81.0m117.0m49.0m145.0m247.0m35.0m154.0m237.0m183.0m269.0m19.0m130.0m252.0m
USDY, 2019

EV/EBIT

138 x

EV/CFO

48.2 x

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

1.9 x
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NextEra Energy Partners Online and Social Media Presence

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NextEra Energy Partners News and Updates

NextEra Energy Partners, LP third-quarter 2019 financial results available on partnership's website

JUNO BEACH, Fla., Oct. 22, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its third-quarter 2019 financial results in a news release available on the partnership's website by accessing the following link: www.NextEraEnergyPartners.com/FinancialResults. Jim Robo,...

NextEra Energy Partners, LP announces date for release of third-quarter 2019 financial results

JUNO BEACH, Fla., Oct. 8, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report third-quarter 2019 financial results before the opening of the New York Stock Exchange on Tuesday, Oct. 22, 2019, in a news release to be posted on its website at...

NextEra Energy Partners to buy Meade Pipeline in a $1.37 billion deal

NextEra Energy Partners L.P. announced Monday a deal to buy Meade Pipeline Co. LLC in a deal valued at $1.37 billion. The deal includes about $90 million in future capital contributions through 2022. Meade Pipeline owns a 39.2% interest in Central Penn Line, which is a 185-mile intrastate natural g…

NextEra Energy Partners, LP announces definitive agreement to acquire Meade Pipeline Co LLC

JUNO BEACH, Fla., Sept. 30, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced a definitive agreement to acquire Meade Pipeline Co LLC in a transaction valued at approximately $1.37 billion, including roughly $90 million in future capital contributions through...

NextEra Energy Partners, LP announces the pricing of $500 million of 3.875% senior unsecured notes due 2026

JUNO BEACH, Fla., Sept. 19, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced the pricing of the previously announced private offering of $500 million of 3.875% senior unsecured notes due 2026 (the "notes") to be issued by its direct subsidiary, NextEra Energy...

NextEra Energy Partners, LP announces the early results and achievement of a tender threshold in the cash tender offer for certain outstanding debt securities of Genesis Solar Funding, LLC

JUNO BEACH, Fla., July 1, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) announced today the results of the early tender period and achievement of a tender threshold in the previously announced cash tender offer (the "Offer") by Genesis Purchaser, LLC (the "Offeror"), an...
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NextEra Energy Partners Frequently Asked Questions

  • When was NextEra Energy Partners founded?

    NextEra Energy Partners was founded in 2014.

  • Who are NextEra Energy Partners key executives?

    NextEra Energy Partners's key executives are James L. Robo, Charles E. Sieving and Paul Cutler.

  • What is NextEra Energy Partners revenue?

    Latest NextEra Energy Partners annual revenue is $771 m.

  • Who are NextEra Energy Partners competitors?

    Competitors of NextEra Energy Partners include Ocean Power Technologies, Green Plains and Nordex.

  • Where is NextEra Energy Partners headquarters?

    NextEra Energy Partners headquarters is located at 700 Universe Blvd, North Palm Beach.

  • Where are NextEra Energy Partners offices?

    NextEra Energy Partners has an office in North Palm Beach.

  • How many offices does NextEra Energy Partners have?

    NextEra Energy Partners has 1 office.