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NextEra Energy Partners, LP - NEP STOCK NEWS

Welcome to our dedicated page for NextEra Energy Partners, LP news (Ticker: NEP), a resource for investors and traders seeking the latest updates and insights on NextEra Energy Partners, LP stock.

NextEra Energy Partners, LP (NYSE: NEP) is a prominent player in the renewable energy sector, dedicated to acquiring, owning, and managing clean energy projects across the United States. Established in 2014 and based in Juno Beach, Florida, the company boasts a diverse portfolio of contracted renewable generation assets, including wind and solar projects, which form the backbone of its operations. Additionally, NEP owns and manages contracted natural gas pipeline assets, further enhancing its energy infrastructure.

The company's renewable energy assets are strategically spread across North America, focusing on wind, solar, and solar-plus-storage projects, as well as stand-alone battery storage initiatives. These assets are integral to NextEra Energy Partners' revenue generation, ensuring stable, long-term cash flows through contracted agreements.

NextEra Energy Partners is known for its growth-oriented approach, consistently expanding its portfolio through acquisitions of high-quality, contracted clean energy projects. The company’s financial health is robust, backed by long-term contracts and strategic partnerships that ensure a steady revenue stream.

Noteworthy achievements include the company's commitment to sustainability and its role as a leader in the renewable energy sector. In recent news, NextEra Energy Partners announced plans to report its fourth-quarter and full-year 2023 financial results on January 25, 2024. This announcement underscores the company's transparency and dedication to keeping investors informed about its financial performance and strategic developments.

For more detailed financial information and latest updates, investors can visit the official website at www.NextEraEnergyPartners.com/FinancialResults.

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NextEra Energy Partners, LP (NYSE: NEP) closed the sale of its Texas natural gas pipeline portfolio to Kinder Morgan, Inc. for $1.815 billion. The portfolio consists of 7 pipelines, with an expected 2023 adjusted EBITDA of approximately $180 million. The sale price represents a 10 times multiple on the estimated 2023 adjusted EBITDA. After meeting closing conditions, the net proceeds of $1.4 billion will be used for equity buyouts of STX Midstream and NEP Renewables II convertible equity portfolio financings.
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GoodLeap, LLC (NYSE: GL) has hired Daniel Lotano as Chief Strategy Officer, bringing over 20 years of expertise in clean energy. Lotano's impressive career includes leadership roles at NextEra Energy Partners (NYSE: NEP) and EverBright, a subsidiary of NextEra Energy (NYSE: NEE). Lotano's hire is expected to drive GoodLeap's growth and innovation in sustainable solutions.
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NextEra Energy Partners, LP (NYSE: NEP) announced the pricing of a private offering of $750 million of 7.25% senior unsecured notes due 2029, with the net proceeds estimated to be approximately $740 million. The offering is expected to close on Dec. 15, 2023. The notes will pay interest semi-annually at the annual rate of 7.25% and will mature on Jan. 15, 2029. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by NextEra Energy Partners, LP and NextEra Energy US Partners Holdings, LLC. NEP OpCo expects to use the net proceeds from the sale of the notes to repay existing senior notes and for other general partnership purposes.
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NextEra Energy Partners, LP (NEP) announced a private offering of $750 million in senior unsecured notes due 2029 by its direct subsidiary, NextEra Energy Operating Partners, LP. The notes will be fully and unconditionally guaranteed by NextEra Energy Partners, LP and NextEra Energy US Partners Holdings, LLC. The company will use the net proceeds to repay existing debts and for general partnership purposes.
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NextEra Energy, Inc. (NEE) and NextEra Energy Partners, LP (NEP) will discuss long-term growth rate expectations for the companies in upcoming investor meetings. John Ketchum will participate in a fireside chat at the BofA Securities 2023 Renewables Conference. NextEra Energy is a leading clean energy company, owning the largest electric utility in the US and being a world leader in renewable energy generation.
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NextEra Energy Partners, LP (NYSE: NEP) Anticipates Declaration of Effectiveness of Resale Registration Statement
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NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced their participation in the EEI Financial Conference and various investor meetings to discuss long-term growth rate expectations. The presentation materials are accessible at www.NextEraEnergy.com/investors or www.NextEraEnergyPartners.com. NextEra Energy is a leading clean energy company with a focus on renewable energy generation, recognized for its sustainability efforts and ranked highly in industry lists.
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NextEra Energy Partners has entered into a definitive agreement with Kinder Morgan to sell its Texas natural gas pipeline portfolio for $1.815 billion. The sale is expected to close in the first half of 2024 and is subject to certain conditions. The portfolio consists of seven pipelines that provide natural gas to Mexico and power producers in South Texas. The estimated adjusted EBITDA for 2023 is $181 million, with a sale price multiple of approximately 10 times. The proceeds from the sale will be used to pay off debt, complete buyouts, and pay down the corporate revolver.
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NextEra Energy, Inc. (NYSE: NEE) has posted its third-quarter 2023 financial results on its website. The company's senior management will discuss the results during an investor presentation. A replay will be available for 90 days.
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NextEra Energy Partners, LP has released its third-quarter 2023 financial results. The results can be accessed on the partnership's website. An investor presentation will also be held to discuss the results.
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FAQ

What is the current stock price of NextEra Energy Partners, LP (NEP)?

The current stock price of NextEra Energy Partners, LP (NEP) is $16.08 as of November 20, 2024.

What is the market cap of NextEra Energy Partners, LP (NEP)?

The market cap of NextEra Energy Partners, LP (NEP) is approximately 1.5B.

What is NextEra Energy Partners, LP (NYSE: NEP)?

NextEra Energy Partners, LP is a growth-oriented limited partnership that acquires, owns, and manages contracted clean energy projects across the United States, including wind, solar, and natural gas infrastructure assets.

When was NextEra Energy Partners, LP founded?

NextEra Energy Partners, LP was founded in 2014.

Where is NextEra Energy Partners, LP headquartered?

NextEra Energy Partners, LP is headquartered in Juno Beach, Florida.

What types of projects does NextEra Energy Partners, LP own?

The company owns a portfolio of contracted renewable generation assets, including wind and solar projects, as well as contracted natural gas pipeline assets.

How does NextEra Energy Partners generate revenue?

NextEra Energy Partners generates revenue primarily through sales from its contracted renewable energy assets, including wind and solar projects.

What recent achievements has NextEra Energy Partners announced?

NextEra Energy Partners recently announced plans to report its fourth-quarter and full-year 2023 financial results on January 25, 2024.

Where can I find the latest financial results for NextEra Energy Partners?

The latest financial results can be found on the company's official website at www.NextEraEnergyPartners.com/FinancialResults.

What is the strategic focus of NextEra Energy Partners?

NextEra Energy Partners focuses on acquiring, managing, and owning contracted clean energy projects with stable, long-term cash flows.

Does NextEra Energy Partners own any storage projects?

Yes, NextEra Energy Partners owns solar-plus-storage projects and a stand-alone battery storage project in the U.S.

What is the relationship between NextEra Energy Partners and NextEra Energy, Inc.?

NextEra Energy Partners, LP is a growth-oriented limited partnership formed by NextEra Energy, Inc.

NextEra Energy Partners, LP

NYSE:NEP

NEP Rankings

NEP Stock Data

1.48B
84.39M
2.74%
60.84%
5.61%
Utilities - Renewable
Electric Services
Link
United States of America
JUNO BEACH