NextEra Energy Partners, LP (NEP)
| Market Cap | 2.84B |
| Revenue (ttm) | 1.28B |
| Net Income (ttm) | 122.00M |
| Shares Out | 93.43M |
| EPS (ttm) | 1.30 |
| PE Ratio | 23.39 |
| Forward PE | 22.05 |
| Dividend | $3.47 (11.41%) |
| Ex-Dividend Date | Nov 3, 2023 |
| Volume | 946,251 |
| Open | 30.58 |
| Previous Close | 30.71 |
| Day's Range | 30.31 - 31.06 |
| 52-Week Range | 20.17 - 77.21 |
| Beta | 0.90 |
| Analysts | Buy |
| Price Target | 44.82 (+47.39%) |
| Earnings Date | Jan 24, 2024 |
About NEP
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida. [Read more]
Financial Performance
In 2022, NEP's revenue was $1.21 billion, an increase of 23.32% compared to the previous year's $982.00 million. Earnings were $477.00 million, an increase of 248.18%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for NEP stock is "Buy." The 12-month stock price forecast is $44.82, which is an increase of 47.39% from the latest price.
News
NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio
JUNO BEACH, Fla. , Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sel...
GoodLeap Hires Daniel Lotano as Chief Strategy Officer to Help Accelerate GoodLeap's Growth
Lotano joins from EverBright, where he helped build one of the fastest-growing clean energy marketplaces SAN FRANCISCO , Dec. 13, 2023 /PRNewswire/ -- GoodLeap, LLC, America's leading digital marketpl...
NextEra Energy Partners (NEP) stock: 13% yield, worrying technicals
NextEra Energy Partners (NYSE: NEP) stock price has been hammered this year. The shares plunged to a low of $19.59 in October as investors dumped solar and wind companies.
NextEra Energy Partners, LP announces the pricing of $750 million of 7.25% senior unsecured notes due 2029
JUNO BEACH, Fla. , Dec. 4, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced the pricing of the previously announced private offering of $750 million of 7.25% senior unsecur...
NextEra Energy Partners, LP announces the offering of $750 million in aggregate principal amount of senior unsecured notes
JUNO BEACH, Fla. , Dec. 4, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced a private offering of $750 million in aggregate principal amount of senior unsecured notes due 2...
NextEra Energy and NextEra Energy Partners to meet with investors throughout the end of November and December and participate in the BofA Securities 2023 Renewables Conference
JUNO BEACH, Fla. , Nov. 28, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participat...
NextEra Energy Partners, LP announces anticipated effective date of resale registration statement with respect to common units issuable upon conversion of 2.50% convertible senior notes due 2026
JUNO BEACH, Fla. , Nov. 20, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it anticipates that the resale registration statement on Form S-3, previously filed by Nex...
NextEra Energy and NextEra Energy Partners to participate in EEI Financial Conference and meet with investors throughout November and December
JUNO BEACH, Fla. , Nov. 12, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participat...
Kinder Morgan to Acquire NextEra's South Texas Gas Pipelines for $1.82 Billion
Kinder Morgan (KMI) plans to acquire NextEra Energy Partners' (NEP) South Texas assets, STX Midstream, for $1.82 billion, the companies said Monday.
Kinder Morgan to Purchase NextEra Energy Partners' Texas Pipeline For $1.8 Billion
Transaction to be funded with cash on hand and short-term debt, Kinder Morgan said.
Kinder Morgan to buy NextEra Energy Partners' Texas pipelines for $1.82 bln
U.S. pipeline operator Kinder Morgan said on Monday it would acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion.
NextEra Energy Partners, LP announces sale agreement for Texas natural gas pipeline portfolio
Definitive agreement represents key next step in executing transition plans Proceeds would address the majority of equity buyouts for convertible equity portfolio financings due through 2026 JUNO BEAC...
Kinder Morgan to Purchase NextEra Energy Partner's STX Midstream
HOUSTON--(BUSINESS WIRE)--KMI today announced that it has agreed to acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion.
NextEra Energy Partners stock price is coming back: Is it a buy now?
The NextEra Energy Partners (NYSE: NEP) stock price has bounced back recently as investors attempt to buy the dip. The shares jumped to a high of $28.88 on Friday, the highest point since September 29...
NextEra: The Real Story Behind The Numbers
Utility investors received some very good news yesterday. Roughly a month after a sector-wide panic NextEra Energy released surprise-free Q3 results and updated guidance.
NextEra Energy Partners, LP third-quarter 2023 financial results available on partnership's website
JUNO BEACH, Fla. , Oct. 24, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its third-quarter 2023 financial results in a news release available on the partnership's website by...
NextEra Energy third-quarter 2023 financial results available on company's website
JUNO BEACH, Fla. , Oct. 24, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its third-quarter 2023 financial results in a news release available on the company's website by accessing...
NextEra Energy announces date for release of third-quarter 2023 financial results
JUNO BEACH, Fla. , Oct. 10, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report third-quarter 2023 financial results before the opening of the New York Stock ...
NextEra Energy Partners, LP announces date for release of third-quarter 2023 financial results
JUNO BEACH, Fla. , Oct. 10, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report third-quarter 2023 financial results before the opening of the New York...
Why Safe Haven Utilities Stocks Are Having Their Worst Year Since 2008
Electric utility stocks used to be an income investor's best friend, but dividend growth cuts and rising Treasury yields have turned these rocksteady investments into market pariahs.
NextEra Energy Subsidiary Cuts Its Distribution Growth Outlook and Shares of Both Sink
NextEra Energy (NEE) was the worst-performing stock in the S&P 500 on Wednesday with shares tumbling over 8% after the renewable energy provider's subsidiary, NextEra Energy Partners, LP (NEP), signif...
Plot thickens for BEPC and NEP stock prices as clean energy woes mount
The Brookfield Renewable Corporation (NYSE: BEPC) stock price has been in a freefall after peaking at $57.53 in 2021. It has dropped by more than 55% and is now nearing the lowest level on record.
NextEra Energy Partners, LP revises growth expectations and limits equity needs
Revises limited partner distribution per unit growth expectations to 5% to 8% per year through at least 2026, with a target of 6% growth Expects no growth equity until 2027 JUNO BEACH, Fla. , Sept. 27...
NextEra Energy second-quarter 2023 financial results available on company's website
JUNO BEACH, Fla. , July 25, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its second-quarter 2023 financial results in a news release available on the company's website by accessing...