NextEra Energy Partners, LP - NEP STOCK NEWS

NextEra Energy Partners, LP (NYSE: NEP) will release its fourth-quarter and full-year 2020 financial results on January 26, 2021, before the NYSE opens. The results will be accessible on their website, with a related advisory release also issued. A live investor presentation discussing the results will occur at 9 a.m. ET on the same day. The presentation will include insights on NextEra Energy, Inc. (NYSE: NEE). The webcast will be available for replay for 90 days thereafter.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will engage in investor meetings throughout January to discuss growth rate expectations. NextEra Energy anticipates adjusted earnings per share for 2023 to be between $2.77 and $2.97. Additionally, NextEra Energy Partners expects a long-term distribution per unit growth rate of 12% to 15% through at least 2024. NextEra is a leader in clean energy, owning the largest rate-regulated electric utility in the U.S. and generating substantial renewable energy.

NextEra Energy Partners, LP (NYSE: NEP) has priced a private placement of $600 million in 0% convertible senior notes due 2025, set to close on December 3, 2020. The notes offer a conversion rate at a 20% premium over NEP's recent $63.47 closing price. Proceeds will be primarily used to redeem existing 4.25% senior notes due 2024 and cover capped call transaction costs. NEP estimates net proceeds of approximately $589.5 million. The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act.

NextEra Energy Partners, LP (NYSE: NEP) announced a private placement of $600 million in convertible senior notes due 2025, targeting qualified institutional buyers. The notes allow holders to convert into cash or common units and are guaranteed by NextEra Energy Operating Partners. Proceeds will be used to redeem 4.25% senior notes due 2024 and fund capped call transactions. These notes are not registered under the Securities Act, limiting their transferability. Forward-looking statements include expectations on cash distributions and EBITDA but are subject to various market risks.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced their participation in the EEI Financial Conference from Nov. 9-10, 2020, alongside various investor meetings throughout November. Senior management will discuss the companies' long-term growth rate expectations. NextEra Energy is a leader in clean energy, serving over 5.1 million customer accounts and ranking No. 1 in sustainability recognition. For presentation materials, visit NextEra Energy Investors.

NextEra Energy has announced agreements to sell a 90% interest in a 1,000 MW renewable asset portfolio and a 100% interest in a 100-MW solar-plus-storage project for approximately $1.3 billion. The portfolio will be acquired by NextEra Energy Partners and private investors, providing immediate earnings accretion. The sale proceeds will be reinvested in NextEra's extensive 15,000 MW renewables backlog, with expected annual fee income of $7 million from operations and maintenance services. Closing is anticipated in Q4 2020, contingent on regulatory approvals.

NextEra Energy Partners (NYSE: NEP) has agreed to acquire a 40% interest in a 1,000-MW renewables portfolio and a 100% interest in a 100-MW solar-plus-storage project from NextEra Energy Resources. The acquisition, valued at approximately $320 million, is projected to contribute $75-$85 million in adjusted EBITDA and $24-$29 million in cash available for distribution (CAFD) annually. Additionally, NextEra Energy Partners will secure around $1.1 billion in convertible equity portfolio financing, enhancing its balance sheet and providing access to $2.4 billion for future growth.

NextEra Energy, Inc. (NYSE: NEE) has released its third-quarter 2020 financial results, available on its website. The investor presentation will begin at 9 a.m. ET, detailing both NextEra Energy's and NextEra Energy Partners, LP's financial outcomes. NextEra is a prominent clean energy provider with vast operations in Florida, including Florida Power & Light Company, serving over 5.1 million customers. The company is recognized as a leader in renewable energy generation, particularly in wind and solar, and has received accolades for its sustainability efforts.

NextEra Energy Partners, LP (NYSE: NEP) has released its third-quarter 2020 financial results, which can be accessed on its website. The partnership engages in acquiring and managing clean energy projects that ensure stable cash flows. An investor presentation discussing the results will be webcast live at 9 a.m. ET today, including details on NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners focuses on wind and solar projects across the U.S. and has natural gas assets in Texas and Pennsylvania.