Reports Q4 revenue $232M, consensus $343.45M. “In 2023, NextEra Energy Partners delivered approximately 13.6% year-over-year growth in adjusted EBITDA,” said CEO John Ketchum. “Last month, the partnership successfully completed the sale of its Texas natural gas pipeline portfolio and has sufficient proceeds available to address the equity buyouts of the STX Midstream and NEP Renewables II convertible equity portfolio financings. Today, we also are pleased to announce plans to repower an additional approximately 245 megawatts of wind facilities through 2026, bringing the total of announced wind repowerings to approximately 985 megawatts.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NEP:
- NextEra Energy Partners, LP fourth-quarter and full-year 2023 financial results available on partnership’s website
- Is NEP a Buy, Before Earnings?
- NextEra Energy Partners downgraded to Neutral at CIBC (earlier)
- NextEra Energy Partners price target raised to $30 from $22 at UBS
- NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio
