NextEra Energy Partners, LP - NEP STOCK NEWS

NextEra Energy Partners, LP (NYSE: NEP) will report its first-quarter 2022 financial results on April 21, 2022, before the NYSE opens. The results will be released exclusively on their website, with an advisory also issued through PR Newswire. A live investor presentation discussing these results will occur at 9 a.m. ET on the same day, with participation from CEO John Ketchum and CFO Kirk Crews. Archived results and presentation slides will be available on their website starting at 7:30 a.m. ET on April 21.

NextEra Energy Resources CEO Rebecca Kujawa announced an agreement with the Department of Justice regarding eagle deaths at wind farms. ESI Energy, a NextEra affiliate, pleaded guilty to three misdemeanors under the Migratory Bird Treaty Act (MBTA) related to accidental fatalities. Despite disagreement with the enforcement policy, NextEra aims to resolve the issue and focus on developing emissions-free energy. Over the past 20 years, NextEra has invested over $150 million in avian impact mitigation. The agreement is not expected to materially impact the company's financial condition.

NextEra Energy Partners, LP (NYSE: NEP) has finalized the sale of Monument Pipeline, a 156-mile natural gas pipeline in Texas, to ARM Monument Intermediate Holdings for about $203 million. This sale is part of NEP's strategy to enhance its portfolio by acquiring higher-yielding renewable assets. The company anticipates adjusted EBITDA between $1.775 billion and $1.975 billion for the year ending December 31, 2022, with cash available for distribution expected between $675 million and $765 million. NEP expects to grow limited partner distributions by 12% to 15% annually through 2024.

The U.S. Department of Commerce has launched an anti-circumvention investigation into solar panel imports from Malaysia, Vietnam, Thailand, and Cambodia, following a petition from Auxin Solar. NextEra Energy's CEO, John Ketchum, expressed disappointment in the decision, asserting it lacks merit. Despite potential disruptions to some solar and storage projects, the company remains confident in mitigating any adverse effects. NextEra Energy's adjusted earnings per share expectations for 2022 remain at $2.75 to $2.85, with projections for 2023-2025 indicating a growth rate of 6% to 8% annually.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced senior management will hold investor meetings in March 2022. Discussions will focus on long-term growth expectations for both companies. Presentations will cover key metrics and strategies for upcoming years, underscoring their commitment to sustainable energy solutions. Investors can access presentation materials through the companies' investor relations websites for detailed analysis.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced investor meetings throughout February 2022. Senior management will discuss long-term growth expectations for both companies. NextEra Energy operates Florida Power & Light Company, serving 5.7 million accounts, and is a leader in renewable energy. NextEra Energy Partners focuses on acquiring contracted clean energy projects. Presentation materials are available on their investor websites.

NextEra Energy, Inc. (NYSE: NEE) has released its fourth-quarter and full-year 2021 financial results, available on its website. The company is the largest rate-regulated electric utility in the U.S., serving over 5.7 million accounts. NextEra is also a leader in renewable energy, recognized for its sustainability efforts. A live investor presentation discussing the financial results will take place at 9 a.m. ET today, with a replay available for 90 days. The company continues to be recognized for its leadership in environmental and corporate responsibility.

NextEra Energy Partners, LP (NYSE: NEP) has announced its fourth-quarter and full-year 2021 financial results. The partnership focuses on growth through acquiring and managing clean energy projects with stable, long-term cash flows. An investor presentation discussing these results will commence at 9 a.m. ET today, with a replay available for 90 days. The financial performance will also cover insights into NextEra Energy, Inc. (NYSE: NEE). For detailed results, visit www.NextEraEnergyPartners.com/FinancialResults.

NextEra Energy Partners has announced the appointment of John Ketchum as CEO effective March 1, 2022, following a planned leadership transition. Jim Robo will remain chairman until the annual meeting on April 20, 2022, at which point Ketchum is expected to take over as chair. Other leadership changes include Rebecca Kujawa as president and Kirk Crews as CFO. The announcement includes revised expectations for year-end 2021 run-rate adjusted EBITDA between $1.635 billion and $1.795 billion, and an anticipated distribution growth of 12% to 15% through 2024.