NextEra Energy Partners, LP (NEP)

NYSE: NEP · IEX Real-Time Price · USD
28.64
+1.19 (4.34%)
At close: Jul 12, 2024, 4:00 PM
28.60
-0.04 (-0.14%)
After-hours: Jul 12, 2024, 7:55 PM EDT
4.34%
Market Cap 2.68B
Revenue (ttm) 1.03B
Net Income (ttm) 284.00M
Shares Out 93.54M
EPS (ttm) 3.07
PE Ratio 9.33
Forward PE 15.48
Dividend $3.57 (12.47%)
Ex-Dividend Date May 6, 2024
Volume 1,890,047
Open 27.46
Previous Close 27.45
Day's Range 27.40 - 28.74
52-Week Range 20.17 - 59.90
Beta 1.01
Analysts Hold
Price Target 32.57 (+13.72%)
Earnings Date Jul 24, 2024

About NEP

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida. [Read more]

Sector Utilities
Founded 2014
Country United States
Stock Exchange NYSE
Ticker Symbol NEP
Full Company Profile

Financial Performance

In 2023, NEP's revenue was $1.08 billion, an increase of 11.25% compared to the previous year's $969.00 million. Earnings were $200.00 million, a decrease of -58.07%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for NEP stock is "Hold." The 12-month stock price forecast is $32.57, which is an increase of 13.72% from the latest price.

Price Target
$32.57
(13.72% upside)
Analyst Consensus: Hold
Stock Forecasts

News

NextEra Energy Partners, LP announces date for release of second-quarter 2024 financial results

JUNO BEACH, Fla. , July 10, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report second-quarter 2024 financial results before the opening of the New Yor...

Other symbols: NEE
4 days ago - PRNewsWire

NextEra Energy announces date for release of second-quarter 2024 financial results

JUNO BEACH, Fla. , July 10, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report second-quarter 2024 financial results before the opening of the New York Stock...

Other symbols: NEE
4 days ago - PRNewsWire

NextEra Energy Partners to meet with investors throughout June; reaffirms long-term growth-rate expectations

JUNO BEACH, Fla. , June 18, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participate in various investor meetings throug...

Other symbols: NEE
26 days ago - PRNewsWire

NextEra Energy Partners (NEP) stock yields 12%: forms a risky pattern

NextEra Energy Partners (NYSE: NEP) stock price has been in a strong recovery this year as investors bought the dip. After bottoming at $18.6 in December last year, it has soared to $30 and is now hov...

2 months ago - Invezz

NextEra Energy Partners announces organizational changes

JUNO BEACH, Fla. , May 6, 2024 /PRNewswire/ -- Earlier today, NextEra Energy, Inc. (NYSE: NEE) announced that Kirk Crews has been appointed to a new senior leadership role at NextEra Energy.

Other symbols: NEE
2 months ago - PRNewsWire

NextEra beats first-quarter profit estimates

NextEra Energy reported first-quarter profit that beat Wall Street estimates on Tuesday as it added more customers to its regulated utilities business.

Other symbols: NEE
2 months ago - Reuters

NextEra Energy Partners, LP first-quarter 2024 financial results available on partnership's website

JUNO BEACH, Fla. , April 23, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its first-quarter 2024 financial results in a news release available on the partnership's website b...

Other symbols: NEE
2 months ago - PRNewsWire

NextEra Energy first-quarter 2024 financial results available on company's website

JUNO BEACH, Fla. , April 23, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its first-quarter 2024 financial results in a news release available on the company's website by accessing...

Other symbols: NEE
2 months ago - PRNewsWire

NextEra Energy announces date for release of first-quarter 2024 financial results

JUNO BEACH, Fla. , April 9, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report first-quarter 2024 financial results before the opening of the New York Stock ...

Other symbols: NEE
3 months ago - PRNewsWire

NextEra Energy Partners, LP announces date for release of first-quarter 2024 financial results

JUNO BEACH, Fla. , April 9, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report first-quarter 2024 financial results before the opening of the New York...

Other symbols: NEE
3 months ago - PRNewsWire

NextEra Energy and NextEra Energy Partners to meet with investors in early to mid-March

JUNO BEACH, Fla. , March 4, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participat...

Other symbols: NEE
4 months ago - PRNewsWire

This Elite 11.8% Utility Dividend Is A Steal Here

Last week, plain vanilla investors threw a midweek fit when Federal Reserve Chairman Jay Powell said something we contrarians assumed already: No rate cut coming in March.

Other symbols: AEEDNEE
5 months ago - Forbes

NextEra Energy fourth-quarter and full-year 2023 financial results available on company's website

JUNO BEACH, Fla. , Jan. 25, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its fourth-quarter and full-year 2023 financial results in a news release available on the company's websit...

Other symbols: NEE
6 months ago - PRNewsWire

NextEra Energy Partners, LP fourth-quarter and full-year 2023 financial results available on partnership's website

JUNO BEACH, Fla. , Jan. 25, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its fourth-quarter and full-year 2023 financial results in a news release available on the partnersh...

Other symbols: NEE
6 months ago - PRNewsWire

NextEra Energy announces date for release of fourth-quarter and full-year 2023 financial results

JUNO BEACH, Fla. , Jan. 11, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report fourth-quarter and full-year 2023 financial results before the opening of the ...

Other symbols: NEE
6 months ago - PRNewsWire

NextEra Energy Partners, LP announces date for release of fourth-quarter and full-year 2023 financial results

JUNO BEACH, Fla. , Jan. 11, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report fourth-quarter and full-year 2023 financial results before the opening ...

Other symbols: NEE
6 months ago - PRNewsWire

NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio

JUNO BEACH, Fla. , Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sel...

Other symbols: KMINEE
7 months ago - PRNewsWire

GoodLeap Hires Daniel Lotano as Chief Strategy Officer to Help Accelerate GoodLeap's Growth

Lotano joins from EverBright, where he helped build one of the fastest-growing clean energy marketplaces SAN FRANCISCO , Dec. 13, 2023 /PRNewswire/ -- GoodLeap, LLC, America's leading digital marketpl...

Other symbols: NEE
7 months ago - PRNewsWire

NextEra Energy Partners (NEP) stock: 13% yield, worrying technicals

NextEra Energy Partners (NYSE: NEP) stock price has been hammered this year. The shares plunged to a low of $19.59 in October as investors dumped solar and wind companies.

7 months ago - Invezz

NextEra Energy Partners, LP announces the pricing of $750 million of 7.25% senior unsecured notes due 2029

JUNO BEACH, Fla. , Dec. 4, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced the pricing of the previously announced private offering of $750 million of 7.25% senior unsecur...

Other symbols: NEE
7 months ago - PRNewsWire

NextEra Energy Partners, LP announces the offering of $750 million in aggregate principal amount of senior unsecured notes

JUNO BEACH, Fla. , Dec. 4, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced a private offering of $750 million in aggregate principal amount of senior unsecured notes due 2...

Other symbols: NEE
7 months ago - PRNewsWire

NextEra Energy and NextEra Energy Partners to meet with investors throughout the end of November and December and participate in the BofA Securities 2023 Renewables Conference

JUNO BEACH, Fla. , Nov. 28, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participat...

Other symbols: NEE
8 months ago - PRNewsWire

NextEra Energy Partners, LP announces anticipated effective date of resale registration statement with respect to common units issuable upon conversion of 2.50% convertible senior notes due 2026

JUNO BEACH, Fla. , Nov. 20, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it anticipates that the resale registration statement on Form S-3, previously filed by Nex...

Other symbols: NEE
8 months ago - PRNewsWire

NextEra Energy and NextEra Energy Partners to participate in EEI Financial Conference and meet with investors throughout November and December

JUNO BEACH, Fla. , Nov. 12, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participat...

Other symbols: NEE
8 months ago - PRNewsWire

Kinder Morgan to Acquire NextEra's South Texas Gas Pipelines for $1.82 Billion

Kinder Morgan (KMI) plans to acquire NextEra Energy Partners' (NEP) South Texas assets, STX Midstream, for $1.82 billion, the companies said Monday.

Other symbols: KMI
8 months ago - Investopedia