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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) announced a private placement offering of $500 million in convertible senior notes due 2026, aimed at qualified institutional buyers. The proceeds will fund a portion of a 1,080-megawatt renewable portfolio acquisition, repay corporate borrowings, and cover capped call transactions. The notes, fully guaranteed by NextEra Energy Operating Partners, LP, can be converted into common units or cash. The offering is not registered under the Securities Act and is limited to qualified buyers.

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NextEra Energy Partners has announced an agreement to acquire a 49% interest in an approximately 1.5-gigawatt renewables portfolio and about 100% of the indirect membership interests in a 345-MW portfolio of operational wind assets. The acquisition is valued at approximately $805 million and will be funded through a 10-year convertible equity portfolio financing with Ontario Teachers' Pension Plan Board. This strategic move aims to enhance the partnership's portfolio diversity and is expected to yield adjusted EBITDA of $210 million to $230 million and CAFD of $62 million to $72 million.

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NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will participate in the EEI Financial Conference from Nov. 13-15, 2022. Senior management will discuss growth rate expectations and partake in investor meetings throughout November and December. NextEra Energy, a leader in clean energy, operates Florida Power & Light Company, serving over 12 million people. It also owns substantial renewable energy assets. Investors can find presentation materials on their websites for detailed insights.

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NextEra Energy, Inc. (NYSE: NEE) has released its third-quarter 2022 financial results, available on its website. The presentation includes insights from CEO John Ketchum and CFO Kirk Crews, highlighting the company's leadership in clean energy generation. NextEra operates Florida Power & Light Company, serving 5.8 million customer accounts, and is recognized as a top generator of renewable energy globally. The company continues to focus on sustainability and has received various accolades for its corporate responsibility and environmental leadership.

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NextEra Energy Partners, LP (NYSE: NEP) announced the availability of its third-quarter 2022 financial results. The report can be accessed on their website. CEO John Ketchum and CFO Kirk Crews will discuss these results during a live webcast at 9 a.m. ET. NextEra Energy Partners focuses on acquiring and managing contracted clean energy projects, ensuring stable cash flows. The partnership includes diverse wind, solar, energy storage, and natural gas assets across the U.S.

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NextEra Energy Partners, LP (NYSE: NEP) announced a quarterly distribution of $0.7875 per common unit, translating to an annualized rate of $3.15. This distribution will be paid on November 14, 2022, to unitholders on record as of November 4, 2022. The partnership, headquartered in Juno Beach, Florida, focuses on acquiring and managing clean energy projects, ensuring stable cash flows. NEP's investments span wind, solar, and energy storage projects across the U.S., alongside natural gas assets in Texas and Pennsylvania.

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NextEra Energy Partners, LP (NYSE: NEP) has announced it will report its third-quarter 2022 financial results on October 28, 2022, prior to the market opening. An advisory release will follow on the same day, directing investors to the results on the company’s website. A live investor presentation will take place at 9 a.m. ET on October 28, with senior management discussing the results alongside NextEra Energy, Inc. (NYSE: NEE). The presentation and financial results will be accessible online.

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NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) are set to present at the 2022 Wolfe Research Utilities, Midstream & Clean Energy Conference in New York City on Sept. 29, 2022, at noon ET. The presentation will be accessible via a live audio webcast, and materials will be available on their respective investor websites. NextEra Energy is a leader in clean energy, owning Florida Power & Light and generating renewable energy worldwide. NextEra Energy Partners focuses on acquiring and managing contracted clean energy projects.

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NextEra Energy, Inc. (NEE) and NextEra Energy Partners, LP (NEP) announced that Kirk Crews, CFO of both companies, will present at the 2022 Barclays CEO Energy-Power Conference on Sept. 7, 2022, at 9:10 a.m. ET. The event will take place in New York City, with a live audio webcast accessible on their respective investor websites. Following the presentation, a replay will be available for 90 days. Both companies are prominent in the clean energy sector, with significant operational footprints in renewable energy generation and electric utility services.

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NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced upcoming investor meetings between late August and September. Key discussions will focus on long-term growth rate expectations for both companies. NextEra Energy is recognized as a leader in clean energy, owning Florida Power & Light, the largest electric utility in America. The companies' presentations and details are available on their respective investor websites. These meetings aim to bolster investor relations by providing insights into future growth projections.

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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 $16.78 as of November 22, 2024.

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

The market cap of NextEra Energy Partners, LP (NEP) is approximately 1.6B.

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

1.59B
84.39M
2.74%
60.84%
5.61%
Utilities - Renewable
Electric Services
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United States of America
JUNO BEACH