NextEra Energy Partners sees 2024 r adjusted EBITDA $1.9B-$2.1B

NextEra Energy Partners continues to see 5% to 8% growth per year in limited partner distributions per unit, with a current target of 6% growth per year, as being a reasonable range of expectations through at least 2026. The partnership does not expect to need an acquisition in 2024 to achieve its 6% limited partner distribution growth target, does not expect to require growth equity until 2027 and expects its payout ratio to be in the mid-90s through 2026. The partnership expects the annualized rate of the fourth-quarter 2024 distribution that is payable in February 2025 to be $3.73 per common unit.