NextEra Energy Partners, LP - NEP STOCK NEWS

NextEra Energy Partners (NYSE: NEP) has announced an upsized convertible equity portfolio financing agreement with KKR, increasing the financing by $150 million. This amendment, part of a 10-year agreement initiated in November 2020, will boost total proceeds to approximately $1.25 billion. The funds will help finance the acquisition of a 400-megawatt wind project portfolio. Adjusted EBITDA and cash available for distribution (CAFD) are projected to be at the upper end of previously announced ranges, supporting a distribution growth expectation of 12% to 15% annually through 2024.

NextEra Energy, Inc. (NYSE: NEE) has released its first-quarter 2021 financial results, highlighting its position as a leader in clean energy. The webcast presentation led by CEO Jim Robo and CFO Rebecca Kujawa began at 9 a.m. ET. NextEra serves over 5.6 million customer accounts in Florida, operating the largest rate-regulated electric utility in the U.S. The company is recognized for its sustainability and has received accolades such as Fortune's 'World's Most Admired Companies' and the S&P Global Platts 2020 Energy Transition Award.

NextEra Energy Partners, LP (NYSE: NEP) has released its first-quarter 2021 financial results, available on its website. The partnership focuses on acquiring and managing clean energy projects for stable cash flows. An investor presentation discussing these results will be webcast live at 9 a.m. ET today. This session will include results from NextEra Energy, Inc. (NYSE: NEE). The firm is headquartered in Juno Beach, Florida, and operates a diverse portfolio of wind, solar, and natural gas projects across the U.S.

NextEra Energy Partners, LP (NYSE: NEP) has signed an agreement to acquire a 391-MW portfolio of wind assets in California and New Hampshire from Brookfield Renewable for $733 million. The acquisition includes four operational facilities with long-term contracts, enhancing NEP's portfolio diversity. The assets are expected to generate annual adjusted EBITDA and CAFD of approximately $63-$70 million starting from December 31, 2021. NEP anticipates its LP distributions to grow by 12%-15% through 2024. The deal awaits regulatory approvals and is expected to close in Q3 2021.

NextEra Energy, Inc. (NYSE: NEE) will report its first-quarter 2021 financial results before the NYSE opens on April 21, 2021. The results will be available on its website, with an advisory release via PR Newswire. A live investor presentation discussing these results will take place at 9 a.m. ET on the same day, including insights on NextEra Energy Partners, LP (NYSE: NEP). The financial results and accompanying slides will be downloadable from www.NextEraEnergy.com/FinancialResults starting at 7:30 a.m. ET.

NextEra Energy Partners, LP (NYSE: NEP) will release its first-quarter 2021 financial results before the NYSE opens on April 21, 2021. The results will be accessible via the company's website. A live webcast of the investor presentation will take place at 9 a.m. ET on the same day, during which the financial results of NextEra Energy, Inc. (NYSE: NEE) will also be discussed. Following the presentation, a replay will be available for 90 days. NextEra Energy Partners focuses on acquiring and managing contracted clean energy projects.

On March 19, 2021, NextEra Energy, Inc. (NEE) and NextEra Energy Partners, LP (NEP) announced their participation in upcoming investor meetings to discuss financial expectations. For 2021, NextEra Energy anticipates adjusted earnings per share between $2.40 and $2.54, with projected growth of 6% to 8% for 2022 and 2023. This translates to adjusted earnings per share expectations of $2.55 to $2.75 and $2.77 to $2.97, respectively. Additionally, NextEra Energy Partners expects a distribution per unit growth rate of 12% to 15% through at least 2024.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will engage in investor meetings throughout February and March 2021. They reaffirm long-term financial expectations, projecting adjusted EPS for 2021 between $2.40 and $2.54. Anticipated growth rates for EPS are 6%-8% for 2022 and 2023, estimating ranges of $2.55 to $2.75 and $2.77 to $2.97, respectively. NextEra Energy Partners expects a distribution growth rate of 12%-15% through at least 2024.

NextEra Energy, Inc. (NYSE: NEE) released its fourth-quarter and full-year 2020 financial results on January 26, 2021. The comprehensive report is accessible on their website. The company, a leader in clean energy, operates Florida Power & Light, serving over 5.6 million customer accounts. NextEra is the largest renewable energy generator in the world, with significant achievements in battery storage and nuclear power generation across multiple states. The live investor presentation discussing these results is available at the same online link.