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 Data and Metrics

NextEra Energy Partners Financial Metrics

NextEra Energy Partners's revenue was reported to be $715 m in FY, 2016 which is a 52% increase from the previous period.
USD

Revenue (FY, 2016)

715 m

Revenue growth (FY, 2015 - FY, 2016), %

52%

Net income (FY, 2016)

345 m

EBIT (FY, 2016)

290 m

Market capitalization (27-Jun-2017)

2.1 b

Closing share price (27-Jun-2017)

39.4

Cash (31-Dec-2016)

147 m
NextEra Energy Partners's current market capitalization is $2.1 b.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

301 m471 m715 m

Revenue growth, %

56%52%

Operating expense total

139 m256 m425 m

EBIT

162 m215 m290 m

EBIT margin, %

54%46%41%

Interest expense

43 m49 m(93 m)(117 m)(147 m)

Pre tax profit

69 m101 m401 m

Income tax expense

(9 m)8 m16 m21 m56 m

Net Income

25 m80 m345 m
USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

4 m25 m32 m106 m161 m147 m

Accounts Receivable

25 m72 m80 m

Inventories

253.4 m1.2 m1.1 m

Current Assets

370 m342 m355 m

PP&E

4.2 b5.1 b

Goodwill

622 m628 m

Total Assets

2.7 b6.1 b7.2 b

Accounts Payable

15 m35 m19 m

Current Liabilities

163 m241 m397 m

Non-Current Liabilities

1.9 b4.3 b4.6 b

Total Liabilities

2 b4.5 b5 b

Total Equity

711 m1.6 b2.2 b

Financial Leverage

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

Net Income

25 m80 m345 m

Depreciation and Amortization

76 m141 m205 m

Accounts Receivable

2 m(11 m)

Inventories

13 m

Accounts Payable

(6 m)4 m

Cash From Operating Activities

70 m55 m328 m

Capital Expenditures

(125 m)(283 m)

Cash From Investing Activities

(1.8 b)(1.2 b)

Cash From Financing Activities

1.6 b807 m

Free Cash Flow

(70 m)45 m
Y, 2016

Financial Leverage

3.3 x

NextEra Energy Partners Market Value History

NextEra Energy Partners Online and Social Media Presence

NextEra Energy Partners Company Life and Culture

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