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NEP

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

27.95USD-0.93 (-3.22%)Market Closed

Market Summary

NEP
USD27.95-0.93
Market Closed
-3.22%

NEP Alerts

  • Big jump in Earnings (Y/Y)

NEP Stock Price

View Fullscreen

NEP RSI Chart

NEP Valuation

Market Cap

2.6B

Price/Earnings (Trailing)

9.21

Price/Sales (Trailing)

2.46

EV/EBITDA

33.77

Price/Free Cashflow

-12.75

NEP Price/Sales (Trailing)

NEP Profitability

EBT Margin

-3.15%

Return on Equity

2.03%

Return on Assets

1.27%

Free Cashflow Yield

-7.84%

NEP Fundamentals

NEP Revenue

Revenue (TTM)

1.1B

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

Last 7 days

-13.7%

Last 30 days

-16.8%

Last 90 days

0.1%

Trailing 12 Months

-55.4%

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
YearQ1Q2Q3Q4
20241.1B000
2023933.0M921.0M986.0M1.1B
2022783.8M845.5M907.3M969.0M
2021951.0M951.0M963.0M722.0M
2020890.0M924.0M911.0M917.0M
2019735.0M729.0M804.0M855.0M
2018820.0M825.0M812.0M770.0M
2017783.0M808.0M800.0M806.0M
2016571.0M641.0M725.0M770.0M
2015393.0M419.0M437.0M494.0M
2014208.0M264.0M324.0M356.0M
2013143.0M155.0M167.0M179.0M
2012000131.0M
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Tracking the Latest Insider Buys and Sells of NextEra Energy Partners LP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 20, 2024
dunne michael
acquired
-
-
4,127
treasurer
Feb 20, 2024
sieving charles e
sold (taxes)
-25,334
28.37
-893
general counsel
Feb 20, 2024
sieving charles e
acquired
-
-
6,291
general counsel
Feb 20, 2024
byrne robert j
acquired
-
-
5,290
-
Feb 20, 2024
kind peter h
acquired
-
-
5,290
-
Feb 20, 2024
hickson mark e
sold (taxes)
-31,178
28.37
-1,099
evp, strategy & corp dev
Feb 20, 2024
hickson mark e
acquired
-
-
8,600
evp, strategy & corp dev
Feb 20, 2024
austin susan d
acquired
-
-
5,290
-
Feb 20, 2024
ketchum john w
sold (taxes)
-87,266
28.37
-3,076
chairman & ceo
Feb 20, 2024
ketchum john w
acquired
-
-
25,660
chairman & ceo

1–10 of 50

Which funds bought or sold NEP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
sold off
-
-3.00
3.00
-%
Jun 06, 2024
WESTWOOD HOLDINGS GROUP INC
reduced
-80.63
-8,285,000
1,963,000
0.01%
Jun 04, 2024
DekaBank Deutsche Girozentrale
reduced
-5.36
-440,000
3,711,000
0.01%
May 30, 2024
CAMBRIDGE TRUST CO
unchanged
-
-687
62,566
-%
May 29, 2024
Pathway Financial Advisers, LLC
new
-
1,441,120
1,441,120
0.52%
May 24, 2024
Cetera Investment Advisers
added
573
1,629,210
1,916,750
-%
May 23, 2024
Redwood Grove Capital, LLC
added
0.94
-37,312
23,358,800
7.28%
May 20, 2024
Highlander Capital Management, LLC
unchanged
-
-33.00
3,008
-%
May 20, 2024
Virtu Financial LLC
sold off
-100
-500,000
-
-%
May 20, 2024
Strategic Wealth Partners, Ltd.
added
7.26
239,869
4,174,980
0.46%

1–10 of 43

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 FiledName of FilerPercent of ClassNo. of SharesForm 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 09, 2024
3
Insider Trading
May 06, 2024
8-K
Current Report
Apr 23, 2024
8-K
Current Report
Apr 23, 2024
10-Q
Quarterly Report

NextEra Energy Partners LP News

Latest updates
Yahoo Finance17 hours ago

NextEra Energy Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue192.0%25788.0036735024524.00302362281267252253246212240253212206253219177
Operating Expenses17.3%278237294286280197261256247119188178168164172164163163165152143
EBITDA Margin1010.9%0.20*-0.02*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 Taxes67.5%-13.00-40.0031.0019.00-36.00-17.0045.0083.0050.00-17.006.00-22.0070.0018.0025.0013.00-75.009.00-18.00-10.00-7.00
Earnings Before Taxes106.7%22.00-326163108-218-151277621383-214100-224641178220140-79593.00-261-134-128
EBT Margin87.9%-0.03*-0.26*-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%70.0011253.0049.00-14.0035.0079.00219144-9.0018.00-74.0020225056.0047.00-59334.00-72.00-124-121
Net Income Margin40.4%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 Cashflow153.8%14.00-26.00-1.00-192-319-228-7.007.00-34715416618559.0085.0010891.0047.0040.0089.00--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.8%22,33622,51123,21323,56622,64723,05218,46718,61118,61218,97613,44513,56112,56612,56212,33212,28512,32112,25611,59511,7689,293
  Current Assets-1.5%2,1832,2161,1221,4471,3651,8627991,4391,2821,4106351,4695294144804714724331,0321,199306
    Cash Equivalents-10.6%24527433258728928422525716815113711611311299.00100123132210178144
  Inventory7.3%88.0082.0078.0071.0059.0049.0046.0045.0044.0041.0032.0028.0024.0024.0025.0025.00-20.00---
  Net PPE-0.7%14,73214,83715,69315,82915,17614,19111,44311,08711,22711,4177,1597,0277,1037,1637,0476,9716,9726,9706,9827,0716,713
  Goodwill0%83383391389889181289189187970.0078660960960960960960960925.0025.00584
Liabilities-1.1%8,3588,4548,8038,9338,0688,2805,8786,5357,2367,8175,0405,1064,4454,8555,6096,0026,0425,1905,4195,2683,948
  Current Liabilities-4.0%1,6041,6711,8401,1849831,3264191,0748001,261201271316350363323304301645872811
  Long Term Debt0.0%4,9424,9415,1395,9185,2955,2504,7744,7825,3785,2943,9693,9613,5413,3763,8904,1824,1794,1323,7193,6762,719
    LT Debt, Current0.1%1,3491,3481,34257350.0038.0037.0051236.0033.0014.0013.0012.0012.0013.0013.0013.0012.00379599694
    LT Debt, Non Current0.0%4,9424,9415,1395,9185,2955,2504,7744,7825,3785,2943,9693,9613,5413,3763,8904,1824,1794,1323,7193,6762,719
Shareholder's Equity-0.6%13,97814,05714,41014,52814,47614,67112,56311,95911,25610,8388,4058,4558,1217,7076,7236,2836,2797,0666,1766,5005,345
Shares Outstanding-94.00-93.0093.0089.00-87.0084.0084.00-77.0077.0076.00-73.0066.0066.00-57.0056.0056.00
Minority Interest-0.6%10,42110,48810,8771,108-9.0011,346-9.004,2251123,7831,6331971,715-14.00-50.004,349-13068.00-15.001,9121,983
Float----5,330---6,199---5,749---3,270---2,626-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-56.4%78.0017925621482.0016520228912018518420410418322316099.0094.0012211119.00
Cashflow From Investing-88.6%42.00370-134-629199-1,156264-232-70.00-1,23255.00-1,017-107-398-134-61.00-88.00-830182-1,72221.00
Cashflow From Financing82.2%-113-636-369754-2761,050-49832.00-33.001,061-2188164.00228-90.00-122-20.00658-2721,645-62.00
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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]123146
Depreciation and amortization136123
Taxes other than income taxes and other1911
Total operating expenses – net278280
OPERATING LOSS(21)(35)
OTHER INCOME (DEDUCTIONS)  
Interest expense(13)(206)
Equity in earnings of equity method investees3028
Equity in earnings (losses) of non-economic ownership interests4(8)
Other – net223
Total other income (deductions) – net43(183)
INCOME (LOSS) BEFORE INCOME TAXES22(218)
INCOME TAX BENEFIT(13)(36)
INCOME (LOSS) FROM CONTINUING OPERATIONS35(182)
INCOME FROM DISCONTINUED OPERATIONS(c)031
NET INCOME (LOSS)[3]35(151)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS35137
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 Operations0.75(0.23)
Earnings Per Share, Assuming Dilution, Discontinued Operations00.06
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share00.06
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, Current133114
Other receivables7064
Inventory8882
Other141107
Total current assets2,1832,216
Other assets:  
Property, plant and equipment – net14,73214,837
Goodwill833833
Investments in equity method investees1,8401,853
Other803785
Total other assets20,15320,295
TOTAL ASSETS22,33622,511
Current liabilities:  
Accounts payable and accrued expenses7272
Current portion of long-term debt1,3491,348
Accrued interest4538
Accrued property taxes2243
Other5583
Total current liabilities1,6041,671
Other liabilities and deferred credits:  
Long-term debt4,9424,941
Asset retirement obligations335331
Intangible liabilities – PPAs – net1,1861,210
Other236248
Total other liabilities and deferred credits6,7546,783
TOTAL LIABILITIES8,3588,454
COMMITMENTS AND CONTINGENCIES
EQUITY  
Common units (93.5 and 93.4 units issued and outstanding, respectively)3,5643,576
Accumulated other comprehensive loss(7)(7)
Noncontrolling interests10,42110,488
TOTAL EQUITY13,97814,057
TOTAL LIABILITIES AND EQUITY22,33622,511
Related Party  
ASSETS  
Due from related parties1,5061,575
Current liabilities:  
Due to related parties6187
Other liabilities and deferred credits:  
Due to related parties5553
Intangible assets – PPAs - net  
Other assets:  
Intangible assets$ 1,945$ 1,987
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, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.
0
 CEO
 WEBSITEnexteraenergypartners.com
 INDUSTRYUtilities 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 Jun 14 2024, market cap of NextEra Energy Partners LP is 2.61 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 Jun 14 2024, NEP's PE ratio (Price to Earnings) is 9.21 and Price to Sales (PS) ratio is 2.46. 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.