Why NextEra Energy Partners Stock Popped 8.8% Today [Yahoo! Finance]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
Company Research
Source: Yahoo! Finance
Shares were up 7.5% at 2:30 p.m. ET and holding steady gains for the day. Delivering against low expectations NextEra Energy Partners investors have been expecting the worst as interest rates rise and the company must maneuver around refinancing some projects. But in the first quarter, the company reported revenue of $257 million and funds from continuing operations of $0.75 per share. Analysts were expecting just $0.12 in funds from operations. Funds available for distribution increased from $156 million a year ago to $164 million, and management reiterated their guidance of $730 million to $820 million in cash available for distribution in 2024. That will also enable a dividend run rate of $3.73 by the end of the year, with a targeted growth rate of 6% through at least 2026, similar to past guidance numbers. Closer to stability Each quarter that passes, NextEra Energy Partners provides more answers on how they will finance the business long term and generate enough cash fl
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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
- This Ultra-High-Yield Dividend Stock Continues to Grow Despite its Challenges [Yahoo! Finance]Yahoo! Finance
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