NextEra Energy Partners sees FY23 Adjusted EBITDA $2.22B- $2.42B

From an updated base of its Q4 distribution per common unit at an annualized rate of $3.25, NextEra Energy Partners now sees 12% to 15% growth per year in limited partner distributions per unit as being a reasonable range of expectations through at least 2026, which is one additional year beyond prior expectations, driven by the partnership’s long-term growth visibility. NextEra Energy Partners expects the annualized rate of the Q4 of FY23 distribution that is payable in February 2024 to be in a range of $3.64 to $3.74 per common unit. NextEra Energy Partners run-rate expectations for adjusted EBITDA and CAFD at December 31, 2023, remain unchanged. Year-end 2023 run-rate adjusted EBITDA expectations are $2.22B- $2.42B and CAFD of $770M-$860M, respectively, reflecting calendar-year 2024 contributions expected from the forecasted portfolio at year-end 2023.