From a base of its fourth-quarter 2022 distribution per common unit at an annualized rate of $3.25, NextEra Energy Partners continues to see 12% to 15% growth per year in limited partner distributions per unit as being a reasonable range of expectations through at least 2026. As previously communicated, the partnership expects to grow at or near the bottom end of this range. NextEra Energy Partners expects the annualized rate of the fourth-quarter 2023 distribution that is payable in February 2024 to be in a range of $3.64 to $3.74 per common unit.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NEP:
- NextEra Energy Partners, LP second-quarter 2023 financial results available on partnership’s website
- NextEra Energy second-quarter 2023 financial results available on company’s website
- NEP Upcoming Earnings Report: What to Expect?
- NextEra Energy Partners price target lowered to $69 from $72 at JPMorgan