NextEra Energy Partners reports Q1 EPS 75c, consensus 30c

Reports Q1 revenue $257M, consensus $331.8M. “NextEra Energy Partners remains focused on executing against its transition plans and delivering limited partner distribution growth of 6%,” said CEO John Ketchum. “The partnership’s growth plan involves organic growth, specifically repowerings of approximately 1.3 gigawatts of wind projects through 2026. Today’s announced plans to repower additional wind facilities bring NextEra Energy Partners closer to achieving this target. We continue to expect that we will not need an acquisition this year to achieve our 6% targeted growth rate and not require growth equity until 2027.”