NEP - NextEra Energy Partners LP Stock Price, Fair Value and News

30.12USD-0.02 (-0.07%)Delayed as of 08 May 2024, 02:03 pm ET

Market Summary

USD30.12-0.02

Delayedas of 08 May 2024, 02:03 pm

-0.07%

NEP Alerts

Big jump in Earnings (Y/Y)

NEP Stock Price

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NEP RSI Chart

NEP Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

9.93

Price/Sales (Trailing)

2.65

EV/EBITDA

34.72

Price/Free Cashflow

-13.75

NEP Price/Sales (Trailing)

NEP Profitability

EBT Margin

-4.84%

Return on Equity

2.03%

Return on Assets

1.27%

Free Cashflow Yield

-7.27%

NEP Fundamentals

NEP Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

4.9%

Rev. Growth (Qtr)

192.05%

NEP Earnings

Earnings (TTM)

284.0M

Earnings Growth (Yr)

600%

Earnings Growth (Qtr)

-37.5%

Breaking Down NEP Revenue

52 Week Range

20.9963.89

(Low)(High)

Last 7 days

6.2%

Last 30 days

3.0%

Last 90 days

6.4%

Trailing 12 Months

-50.2%

How does NEP drawdown profile look like?

NEP Financial Health

Current Ratio

1.36

Debt/Equity

0.35

Debt/Cashflow

0.15

NEP Investor Care

Shares Dilution (1Y)

5.22%

Diluted EPS (TTM)

0.93

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.1B	0	0	0
2023	933.0M	921.0M	986.0M	1.1B
2022	783.8M	845.5M	907.3M	969.0M
2021	951.0M	951.0M	963.0M	722.0M
2020	890.0M	924.0M	911.0M	917.0M
2019	735.0M	729.0M	804.0M	855.0M
2018	820.0M	825.0M	812.0M	770.0M
2017	783.0M	808.0M	800.0M	806.0M
2016	571.0M	641.0M	725.0M	770.0M
2015	393.0M	419.0M	437.0M	494.0M
2014	208.0M	264.0M	324.0M	356.0M
2013	143.0M	155.0M	167.0M	179.0M
2012	0	0	0	131.0M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of NextEra Energy Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 20, 2024	ketchum john w	sold (taxes)	-87,266	28.37	-3,076	chairman & ceo
Feb 20, 2024	crews terrell kirk ii	sold (taxes)	-13,163	28.37	-464	chief financial officer
Feb 20, 2024	sieving charles e	sold (taxes)	-25,334	28.37	-893	general counsel
Feb 20, 2024	byrne robert j	acquired	-	-	5,290	-
Feb 20, 2024	crews terrell kirk ii	acquired	-	-	4,832	chief financial officer
Feb 20, 2024	hickson mark e	acquired	-	-	8,600	evp, strategy & corp dev
Feb 20, 2024	kind peter h	acquired	-	-	5,290	-
Feb 20, 2024	ketchum john w	acquired	-	-	25,660	chairman & ceo
Feb 20, 2024	dunne michael	acquired	-	-	4,127	treasurer
Feb 20, 2024	dunne michael	sold (taxes)	-3,829	28.37	-135	treasurer

Which funds bought or sold NEP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Van Hulzen Asset Management, LLC	added	0.28	-3,000	405,000	0.03%
May 06, 2024	Advisors Capital Management, LLC	new	-	16,943,000	16,943,000	0.31%
May 06, 2024	DUALITY ADVISERS, LP	sold off	-100	-228,105	-	-%
May 06, 2024	HighTower Advisors, LLC	reduced	-81.25	-21,193,000	4,828,000	0.01%
May 06, 2024	Quantbot Technologies LP	added	1,092	2,247,330	2,455,550	0.14%
May 06, 2024	Candriam S.C.A.	sold off	-100	-6,077,710	-	-%
May 06, 2024	Hilltop National Bank	new	-	57,152	57,152	0.02%
May 06, 2024	KAYNE ANDERSON CAPITAL ADVISORS LP	sold off	-100	-50,594,200	-	-%
May 06, 2024	Empowered Funds, LLC	reduced	-2.84	-22,229	548,749	0.01%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-318,000	-	-%

Are Funds Buying or Selling NEP?

Are funds buying NEP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own NEP

No. of Funds

NEP Alerts

Big jump in Earnings (Y/Y)

Unveiling NextEra Energy Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	blackrock inc.	7.7%	7,172,519	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Mar 02, 2023	blackrock inc.	8.9%	7,438,769	SC 13G/A
Feb 17, 2023	blackrock inc.	9.0%	7,507,728	SC 13G/A
Feb 15, 2023	neuberger berman group llc	4.93%	4,270,253	SC 13G/A
Feb 10, 2023	neuberger berman group llc	0.85%	16,792,755	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 14, 2022	neuberger berman group llc	5.05%	4,236,786	SC 13G/A
Feb 11, 2022	blackrock inc.	8.2%	161,369,326	SC 13G/A
Feb 11, 2022	blackrock inc.	9.2%	7,745,740	SC 13G

Recent SEC filings of NextEra Energy Partners LP

View All Filings

Date Filed	Form Type	Document
May 06, 2024	8-K	Current Report
Apr 23, 2024	10-Q	Quarterly Report
Apr 23, 2024	8-K	Current Report
Mar 05, 2024	ARS	ARS
Mar 05, 2024	DEF 14A	DEF 14A
Mar 05, 2024	DEFA14A	DEFA14A
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	10-K	Annual Report
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading

NextEra Energy Partners LP News

Latest updates

NextEra Energy Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	192.0%	257	88.00	367	350	245	24.00	302	362	281	267	252	253	246	212	240	253	212	206	253	219	177
Operating Expenses	17.3%	278	237	294	286	280	197	261	256	247	119	188	178	168	164	172	164	163	163	165	152	143
EBITDA Margin	3078.5%	0.19*	-0.01*	0.09*	0.21*	0.72*	1.33*	1.31*	1.20*	0.22*	0.59*	0.89*	1.03*	1.41*	-0.10*	-0.20*	-0.72*	-1.05*	-0.31*	-0.50*	-	-
Interest Expenses	-	50.00	-	-	-	47.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes	67.5%	-13.00	-40.00	31.00	19.00	-36.00	-17.00	45.00	83.00	50.00	-17.00	6.00	-22.00	70.00	18.00	25.00	13.00	-75.00	9.00	-18.00	-10.00	-7.00
Earnings Before Taxes	106.7%	22.00	-326	163	108	-218	-151	277	621	383	-214	100	-224	641	178	220	140	-795	93.00	-261	-134	-128
EBT Margin	79.7%	-0.05*	-0.24*	-0.06*	0.05*	0.57*	1.17*	1.18*	1.05*	0.06*	0.42*	0.72*	0.86*	1.24*	-0.28*	-0.38*	-0.89*	-1.23*	-0.50*	-0.80*	-	-
Net Income	-37.5%	70.00	112	53.00	49.00	-14.00	35.00	79.00	219	144	-9.00	18.00	-74.00	202	250	56.00	47.00	-593	34.00	-72.00	-124	-121
Net Income Margin	48.0%	0.27*	0.19*	0.12*	0.15*	0.32*	0.49*	0.48*	0.44*	0.10*	0.19*	0.41*	0.46*	0.58*	-0.26*	-0.50*	-0.63*	-0.85*	-0.33*	-0.42*	-	-
Free Cashflow	153.8%	14.00	-26.00	-1.00	-192	-319	-228	-7.00	7.00	-347	154	166	185	59.00	85.00	108	91.00	47.00	40.00	89.00	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.8%	22,336	22,511	23,213	23,566	22,647	23,052	18,467	18,611	18,612	18,976	13,445	13,561	12,566	12,562	12,332	12,285	12,321	12,256	11,595	11,768	9,293
Current Assets	-1.5%	2,183	2,216	1,122	1,447	1,365	1,862	799	1,439	1,282	1,410	635	1,469	529	414	480	471	472	433	1,032	1,199	306
Cash Equivalents	-10.6%	245	274	332	587	289	284	225	257	168	151	137	116	113	112	99.00	100	123	132	210	178	144
Inventory	7.3%	88.00	82.00	78.00	71.00	59.00	49.00	46.00	45.00	44.00	41.00	32.00	28.00	24.00	24.00	25.00	25.00	-	20.00	-	-	-
Net PPE	-0.7%	14,732	14,837	15,693	15,829	15,176	14,191	11,443	11,087	11,227	11,417	7,159	7,027	7,103	7,163	7,047	6,971	6,972	6,970	6,982	7,071	6,713
Goodwill	0%	833	833	913	898	891	812	891	891	879	70.00	786	609	609	609	609	609	609	609	25.00	25.00	584
Liabilities	-1.1%	8,358	8,454	8,803	8,933	8,068	8,280	5,878	6,535	7,236	7,817	5,040	5,106	4,445	4,855	5,609	6,002	6,042	5,190	5,419	5,268	3,948
Current Liabilities	-4.0%	1,604	1,671	1,840	1,184	983	1,326	419	1,074	800	1,261	201	271	316	350	363	323	304	301	645	872	811
Long Term Debt	0.0%	4,942	4,941	5,139	5,918	5,295	5,250	4,774	4,782	5,378	5,294	3,969	3,961	3,541	3,376	3,890	4,182	4,179	4,132	3,719	3,676	2,719
LT Debt, Current	0.1%	1,349	1,348	1,342	573	50.00	38.00	37.00	512	36.00	33.00	14.00	13.00	12.00	12.00	13.00	13.00	13.00	12.00	379	599	694
LT Debt, Non Current	0.0%	4,942	4,941	5,139	5,918	5,295	5,250	4,774	4,782	5,378	5,294	3,969	3,961	3,541	3,376	3,890	4,182	4,179	4,132	3,719	3,676	2,719
Shareholder's Equity	-0.6%	13,978	14,057	14,410	14,528	14,476	14,671	12,563	11,959	11,256	10,838	8,405	8,455	8,121	7,707	6,723	6,283	6,279	7,066	6,176	6,500	5,345
Shares Outstanding	-	94.00	-	93.00	93.00	89.00	-	87.00	84.00	84.00	-	77.00	77.00	76.00	-	73.00	66.00	66.00	-	57.00	56.00	56.00
Minority Interest	-0.6%	10,421	10,488	10,877	1,108	-9.00	11,346	-9.00	4,225	112	3,783	1,633	197	1,715	-14.00	-50.00	4,349	-130	68.00	-15.00	1,912	1,983
Float	-	-	-	-	5,330	-	-	-	6,199	-	-	-	5,749	-	-	-	3,270	-	-	-	2,626	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-56.4%	78.00	179	256	214	82.00	165	202	289	120	185	184	204	104	183	223	160	99.00	94.00	122	111	19.00
Cashflow From Investing	-88.6%	42.00	370	-134	-629	199	-1,156	264	-232	-70.00	-1,232	55.00	-1,017	-107	-398	-134	-61.00	-88.00	-830	182	-1,722	21.00
Cashflow From Financing	82.2%	-113	-636	-369	754	-276	1,050	-498	32.00	-33.00	1,061	-218	816	4.00	228	-90.00	-122	-20.00	658	-272	1,645	-62.00

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NEP Income Statement

2024-03-31

Condensed Consolidated Statements of Income - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

OPERATING REVENUES

Revenues

^[1]

$ 257

$ 245

OPERATING EXPENSES

Operations and maintenance(b)

^[2]

123

146

Depreciation and amortization

136

123

Taxes other than income taxes and other

Total operating expenses – net

278

280

OPERATING LOSS

(21)

(35)

OTHER INCOME (DEDUCTIONS)

Interest expense

(13)

(206)

Equity in earnings of equity method investees

Equity in earnings (losses) of non-economic ownership interests

(8)

Other – net

Total other income (deductions) – net

(183)

INCOME (LOSS) BEFORE INCOME TAXES

(218)

INCOME TAX BENEFIT

(13)

(36)

INCOME (LOSS) FROM CONTINUING OPERATIONS

(182)

INCOME FROM DISCONTINUED OPERATIONS(c)

NET INCOME (LOSS)

^[3]

(151)

NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS

137

Net Income (Loss) Attributable to Parent, Total

$ 70

$ (14)

Income (Loss) from Continuing Operations, Per Basic Share

$ 0.75

$ (0.23)

Earnings Per Share, Assuming Dilution, Continuing Operations

0.75

(0.23)

Earnings Per Share, Assuming Dilution, Discontinued Operations

0.06

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

0.06

Earnings per common unit attributable to NextEra Energy Partners, LP - basic (in dollars per share)

0.75

(0.17)

Earnings Per Share, Assuming Dilution

$ 0.75

$ (0.17)

[1]	Includes related party revenues of approximately $3 million and $(10) million for the three months ended March 31, 2024 and 2023, respectively.
[2]	Total O&M expenses presented include related party amounts of approximately $15 million and $61 million for the three months ended March 31, 2024 and 2023, respectively.
[3]	For the three months ended March 31, 2024, NEP recognized less than $1 million of other comprehensive income related to equity method investees, which was primarily attributable to noncontrolling interests. For the three months ended March 31, 2023, NEP recognized less than $1 million of other comprehensive income related to equity method investees, which was primarily attributable to noncontrolling interests.

NEP Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and Cash Equivalents, at Carrying Value	$ 245	$ 274
Accounts Receivable, after Allowance for Credit Loss, Current	133	114
Other receivables	70	64
Inventory	88	82
Other	141	107
Total current assets	2,183	2,216
Other assets:
Property, plant and equipment – net	14,732	14,837
Goodwill	833	833
Investments in equity method investees	1,840	1,853
Other	803	785
Total other assets	20,153	20,295
TOTAL ASSETS	22,336	22,511
Current liabilities:
Accounts payable and accrued expenses	72	72
Current portion of long-term debt	1,349	1,348
Accrued interest	45	38
Accrued property taxes	22	43
Other	55	83
Total current liabilities	1,604	1,671
Other liabilities and deferred credits:
Long-term debt	4,942	4,941
Asset retirement obligations	335	331
Intangible liabilities – PPAs – net	1,186	1,210
Other	236	248
Total other liabilities and deferred credits	6,754	6,783
TOTAL LIABILITIES	8,358	8,454
COMMITMENTS AND CONTINGENCIES
EQUITY
Common units (93.5 and 93.4 units issued and outstanding, respectively)	3,564	3,576
Accumulated other comprehensive loss	(7)	(7)
Noncontrolling interests	10,421	10,488
TOTAL EQUITY	13,978	14,057
TOTAL LIABILITIES AND EQUITY	22,336	22,511
Related Party
ASSETS
Due from related parties	1,506	1,575
Current liabilities:
Due to related parties	61	87
Other liabilities and deferred credits:
Due to related parties	55	53
Intangible assets – PPAs - net
Other assets:
Intangible assets	$ 1,945	$ 1,987

About NextEra Energy Partners LP

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, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

CEO	Mr. John W. Ketchum
WEBSITE	nexteraenergypartners.com
INDUSTRY	Utilities Regulated Electric

NextEra Energy Partners LP Frequently Asked Questions

What is the ticker symbol for NextEra Energy Partners LP? What does NEP stand for in stocks?

NEP is the stock ticker symbol of NextEra Energy Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

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

As of Tue May 07 2024, market cap of NextEra Energy Partners LP is 2.82 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NEP stock?

You can check NEP's fair value in chart for subscribers.

What is the fair value of NEP stock?

You can check NEP's fair value in chart for subscribers. The fair value of NextEra Energy Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of NextEra Energy Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NEP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is NextEra Energy Partners LP a good stock to buy?

The fair value guage provides a quick view whether NEP is over valued or under valued. Whether NextEra Energy Partners LP is cheap or expensive depends on the assumptions which impact NextEra Energy Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NEP.

What is NextEra Energy Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, NEP's PE ratio (Price to Earnings) is 9.93 and Price to Sales (PS) ratio is 2.65. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NEP PE ratio will change depending on the future growth rate expectations of investors.