A Good Quarter But A Mediocre Outlook For NextEra Energy Partners [Seeking Alpha]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
Company Research
Source: Seeking Alpha
NextEra Energy Partners ( NEP Q4 results In my view, these earnings change little to the overall picture and I continue to be bearish on the stock. Q4 CAFD result The company recorded a CAFD of $98m for the quarter (I opt to include Desert Sunlight), which was better than the $90m that I expected it to generate as Q4 is a seasonally weak quarter. Versus last year, the company grew quarterly revenue and GAAP EBITDA (operating income + D&A) by 33% and 34% respectively. Source: NEP Q4 2019 earnings presentation The happy shareholders will probably think that the best thing about this is that the company achieved this growth without major share issues in 2019. What I do find questionable is how the company made $346m in cash flow from operating activities in 2019, raised a net amount of almost $2bn from financing activities to fund its $2.3bn spend on investment activities while reporting interest and debt principal payments in Q4 that were just $9m higher than they were in 2018. This tou
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News
- 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
- NextEra Energy Partners, LP (NYSE: NEP) had its "market perform" rating re-affirmed by analysts at Oppenheimer Holdings Inc..MarketBeat
- Why NextEra Energy Partners Stock Popped 8.8% Today [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