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

27.08USD-0.47 (-1.71%)Market Closed

Market Summary

USD27.08-0.47

Market Closed

-1.71%

NEP Stock Price

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NEP RSI Chart

NEP Valuation

Market Cap

2.6B

Price/Earnings (Trailing)

12.87

Price/Sales (Trailing)

2.39

EV/EBITDA

-1.0K

Price/Free Cashflow

-4.78

NEP Price/Sales (Trailing)

NEP Profitability

EBT Margin

-23.84%

Return on Equity

1.42%

Return on Assets

0.89%

Free Cashflow Yield

-20.9%

NEP Fundamentals

NEP Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

150%

Rev. Growth (Qtr)

-83.65%

NEP Earnings

Earnings (TTM)

200.0M

Earnings Growth (Yr)

224.64%

Earnings Growth (Qtr)

111.32%

Breaking Down NEP Revenue

Last 7 days

-5.9%

Last 30 days

-5%

Last 90 days

-4.6%

Trailing 12 Months

-55.9%

How does NEP drawdown profile look like?

NEP Financial Health

Current Ratio

1.33

Debt/Equity

0.35

Debt/Cashflow

0.15

NEP Investor Care

Shares Dilution (1Y)

7.97%

Diluted EPS (TTM)

1.3

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
2023	989.0M	977.0M	1.0B	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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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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
Apr 12, 2024	HARBOR INVESTMENT ADVISORY, LLC	reduced	-98.71	-6,965	90.00	-%
Apr 12, 2024	A. D. Beadell Investment Counsel, Inc.	reduced	-1.23	-80,000	3,371,000	2.94%
Apr 12, 2024	Gilman Hill Asset Management, LLC	added	2.22	3,807	345,920	0.06%
Apr 12, 2024	BALDWIN BROTHERS LLC/MA	unchanged	-	-165	15,040	-%
Apr 12, 2024	MILLER HOWARD INVESTMENTS INC /NY	reduced	-4.6	-103,321	1,730,210	0.06%
Apr 11, 2024	Bangor Savings Bank	unchanged	-	-48.00	4,392	-%
Apr 11, 2024	OPTIMUM INVESTMENT ADVISORS	unchanged	-	-215	19,552	0.01%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	unchanged	-	-586	53,392	-%
Apr 11, 2024	TEALWOOD ASSET MANAGEMENT INC	added	0.81	-1,000	637,000	0.29%
Apr 11, 2024	&PARTNERS	added	393	11,173	367,578	0.05%

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

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
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
Feb 21, 2024	4	Insider Trading
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-83.7%	60.00	367	350	301	24.00	302	362	281	267	252	253	246	212	240	253	212	206	253	219	177	155
Operating Expenses	-22.4%	228	294	286	298	197	261	256	247	119	188	178	168	164	172	164	163	163	165	152	143	278
EBITDA Margin	-Infinity%	-0.01*	-	0.30*	0.71*	1.19*	1.16*	1.05*	0.33*	0.61*	0.89*	1.03*	1.41*	-0.10*	-0.20*	-0.72*	-1.05*	-0.31*	-0.50*	-0.02*	0.53*	-
Income Taxes	-232.3%	-41.00	31.00	19.00	-34.00	-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	-7.00
Earnings Before Taxes	-310.4%	-343	163	108	-185	-151	277	621	383	-214	100	-224	641	178	220	140	-795	93.00	-261	-134	-128	-123
EBT Margin	-282.2%	-0.24*	-0.06*	0.17*	0.59*	1.07*	1.05*	0.94*	0.21*	0.48*	0.72*	0.86*	1.24*	-0.28*	-0.38*	-0.89*	-1.23*	-0.50*	-0.80*	-0.36*	-	-
Net Income	111.3%	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	-22.00
Net Income Margin	57.8%	0.19*	0.12*	0.12*	0.26*	0.39*	0.37*	0.33*	0.08*	0.14*	0.41*	0.46*	0.58*	-0.26*	-0.50*	-0.63*	-0.85*	-0.33*	-0.42*	-0.32*	-	-
Free Cashflow	-2500.0%	-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	108	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.0%	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	9,405
Current Assets	97.5%	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	340
Cash Equivalents	-17.5%	274	332	587	238	226	225	257	168	151	137	116	113	112	99.00	100	123	132	210	178	144	166
Inventory	5.1%	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	-5.5%	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	6,770
Goodwill	-8.8%	833	913	898	891	812	891	891	879	70.00	786	609	609	609	609	609	609	609	25.00	25.00	584	584
Liabilities	-4.0%	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	3,867
Current Liabilities	-9.2%	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	859
Long Term Debt	-3.9%	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	2,728
LT Debt, Current	0.4%	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	707
LT Debt, Non Current	-3.9%	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	2,728
Shareholder's Equity	-2.4%	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	5,538
Shares Outstanding	-100.0%	-	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	55.00
Minority Interest	-100.0%	-	10,877	10,970	4,307	11,346	3,276	1,042	3,835	3,783	4,198	197	279	3,550	1,663	53.00	4,354	1,798	-	1,912	241	3,192
Float	-	-	-	5,330	-	-	-	6,199	-	-	-	5,749	-	-	-	3,270	-	-	-	2,626	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-30.1%	179	256	214	82.00	165	202	289	120	185	184	204	104	183	223	160	99.00	94.00	122	111	19.00	93.00
Cashflow From Investing	376.1%	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	-550
Cashflow From Financing	-72.4%	-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	513

NEP Income Statement

2023-12-31

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

OPERATING REVENUES

Revenues

^[1]

$ 1,078

$ 969

$ 722

OPERATING EXPENSES

Operations and maintenance(b)

^[2]

520

527

374

Depreciation and amortization

521

394

251

Taxes other than income taxes and other

Total operating expenses – net

1,106

961

653

GAINS (LOSSES) ON DISPOSAL OF BUSINESSES/ASSETS – NET

(5)

OPERATING INCOME (LOSS)

(28)

OTHER INCOME (DEDUCTIONS)

Interest expense

(394)

848

Equity in earnings of equity method investees

152

177

158

Equity in earnings of non-economic ownership interests

Other – net

Total other income (deductions) – net

(229)

1,086

239

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

(257)

1,130

303

INCOME TAX EXPENSE (BENEFIT)

(25)

161

INCOME (LOSS) FROM CONTINUING OPERATIONS

(232)

969

266

Income from discontinuing operations

450

152

158

NET INCOME

218

1,121

424

Net Income (Loss) Attributable to Noncontrolling Interest

(18)

(644)

(287)

NET INCOME ATTRIBUTABLE TO NEXTERA ENERGY PARTNERS, LP

$ 200

$ 477

$ 137

Continuing operation, basic(in usd per share)

$ 0.34

$ 5.24

$ 1.34

Discontinued operations, basic (in usd per share)

1.84

0.38

0.43

Earnings (loss) per common unit attributable to NextEra Energy Partners, LP - assuming dilution (usd per share)

$ 2.18

$ 5.62

$ 1.77

[1]

Includes related party revenues of approximately $(12) million, $2 million and $2 million for 2023, 2022 and 2021, respectively. Includes pipeline service revenue of approximately $3 million and $2 million for 2022 and 2021, respectively, related to the pipeline sold in 2022 (see Note 2 – Disposal of Pipeline).

[2]

Includes operations and maintenance (O&M) expenses related to renewable energy projects of approximately $430 million, $342 million and $207 million for 2023, 2022 and 2021, respectively. Includes O&M expenses related to the pipeline sold in 2022 of $1 million and $2 million for 2022 and 2021, respectively (see Note 2 – Disposal of Pipeline). Total O&M expenses presented includes related party amounts of approximately $133 million, $230 million and $174 million for 2023, 2022 and 2021, respectively.

NEP Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 274	$ 226
Accounts receivable	114	117
Other receivables	64	41
Inventory	82	49
Assets held for sale	0	95
Other	107	207
Total current assets	2,216	1,862
Other assets:
Property, plant and equipment – net	14,837	14,191
Goodwill	833	812
Investments in equity method investees	1,853	1,875
Assets held for sale	0	1,408
Other	785	894
Total other assets	20,295	21,190
TOTAL ASSETS	22,511	23,052
Current liabilities:
Accounts payable and accrued expenses	72	867
Current portion of long-term debt	1,348	38
Accrued interest	38	28
Accrued property taxes	43	23
Liabilities associated with assets held for sale	0	21
Other	83	262
Total current liabilities	1,671	1,326
Other liabilities and deferred credits:
Long-term debt	4,941	5,250
Asset retirement obligations	331	299
Liabilities associated with assets held for sale	0	3
Other	248	195
Total other liabilities and deferred credits	6,783	6,954
TOTAL LIABILITIES	8,454	8,280
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS	0	101
EQUITY
Common units (93.4 and 86.5 units issued and outstanding, respectively)	3,576	3,332
Accumulated other comprehensive loss	(7)	(7)
Noncontrolling interests	10,488	11,346
TOTAL EQUITY	14,057	14,671
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	22,511	23,052
Power Purchase Agreements [Member]
Other liabilities and deferred credits:
Intangible liabilities – PPAs – net	1,210	1,153
Related Party
Current assets:
Due from related parties	1,575	1,127
Current liabilities:
Due to related parties	87	87
Other liabilities and deferred credits:
Due to related parties	53	54
Power Purchase Agreements [Member]
Other assets:
Intangible assets	$ 1,987	$ 2,010

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 Fri Apr 12 2024, market cap of NextEra Energy Partners LP is 2.57 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 Fri Apr 12 2024, NEP's PE ratio (Price to Earnings) is 12.87 and Price to Sales (PS) ratio is 2.39. 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.