This Ultra-High-Yield Dividend Stock Continues to Grow Despite its Challenges [Yahoo! Finance]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
Company Research
Source: Yahoo! Finance
Rising interest rates have made it more challenging for the company to refinance existing funding and finance its growth. Those issues have weighed on the renewable energy stock, driving its dividend yield up over 12%. Despite those headwinds, the renewable energy company has been able to continue growing. Its earnings, cash flow, and dividend all rose in the first quarter. Meanwhile, it sees more growth ahead. Growing despite the headwinds NextEra Energy Partners delivered modest earnings and cash flow growth during the first quarter: As that slide shows, the company's adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) rose from $447 million to $462 million, a 3.4% increase. The company benefited from new projects added to the portfolio, a reduction in incentive distribution rights (IDRs) paid to its parent company ( NextEra Energy ), and other factors. These positive earnings drivers more than offset the negative impact from lower earnings at
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News
- Is Trending Stock NextEra Energy Partners, LP (NEP) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Catalyst Watch: This Beaten-Down, High-Yield Dividend Stock Is Working on a Long-Term Solution to Its Biggest Issue [Yahoo! Finance]Yahoo! Finance
- These 3 High-Yield Dividend Stocks Are Set to Soar in 2024 and Beyond [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE:NEP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE: NEP) had its "market perform" rating re-affirmed by analysts at Oppenheimer Holdings Inc..MarketBeat
NEP
Earnings
- 4/24/24 - Beat
NEP
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 3/5/24 - Form ARS
- NEP's page on the SEC website