NextEra Energy Partners, LP (NYSE:NEP)

NextEra Energy Partners, LP NEP

Utilities - Renewable Utilities - NYSE - US

Watchlist

$ 16.43

-3.24 %

$ 1.54 B

Market Cap

26.93

P/E

1. INTRINSIC VALUE

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.[ Read More ]

The intrinsic value of one NEP stock under the base case scenario is HIDDEN Compared to the current market price of 16.4 USD, NextEra Energy Partners, LP is HIDDEN

NEP Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart NEP

FINANCIALS

Annual
Quarterly

1.08 B REVENUE

Growth Rates

1Year -10.98%

3Years 5.54%

5Years 6.93%

7Years 6.04%

10Years 22.49%

-28 M OPERATING INCOME

Growth Rates

1Year -22.40%

3Years -2.51%

5Years -1.23%

7Years -1.33%

10Years -3.61%

-250 M NET INCOME

Growth Rates

1Year -22.30%

3Years -1.65%

5Years -14.13%

7Years -7.88%

10Years -37.53%

731 M OPERATING CASH FLOW

Growth Rates

1Year -5.80%

3Years 3.20%

5Years 15.09%

7Years 12.53%

10Years 23.84%

-194 M INVESTING CASH FLOW

Growth Rates

1Year 83.75%

3Years 34.20%

5Years 23.96%

7Years 22.43%

10Years 6.82%

-527 M FINANCING CASH FLOW

Growth Rates

1Year -95.64%

3Years -408.84%

5Years -19.34%

7Years -4.98%

10Years -10.37%

319 M REVENUE

Growth Rates

1Year -10.98%

3Years 5.54%

5Years 6.93%

7Years 6.04%

10Years 22.49%

49 M OPERATING INCOME

Growth Rates

1Year -22.40%

3Years -2.51%

5Years -1.23%

7Years -1.33%

10Years -3.61%

-83 M NET INCOME

Growth Rates

1Year -22.30%

3Years -1.65%

5Years -14.13%

7Years -7.88%

10Years -37.53%

208 M OPERATING CASH FLOW

Growth Rates

1Year -5.80%

3Years 3.20%

5Years 15.09%

7Years 12.53%

10Years 23.84%

816 M INVESTING CASH FLOW

Growth Rates

1Year 83.75%

3Years 34.20%

5Years 23.96%

7Years 22.43%

10Years 6.82%

-746 M FINANCING CASH FLOW

Growth Rates

1Year -95.64%

3Years -408.84%

5Years -19.34%

7Years -4.98%

10Years -10.37%

Balance Sheet Decomposition NextEra Energy Partners, LP

22.5 B ASSETS
8.45 B LIABILITIES

Current Assets	2.22 B
Cash & Short-Term Investments	274 M
Receivables	1.75 B
Other Current Assets	189 M
Non-Current Assets	20.3 B
Long-Term Investments	1.85 B
PP&E	14.8 B
Other Non-Current Assets	3.6 B

Current Liabilities	1.67 B
Accounts Payable	67 M
Short-Term Debt	1.35 B
Other Current Liabilities	256 M
Non-Current Liabilities	6.78 B
Long-Term Debt	4.97 B
Other Non-Current Liabilities	1.81 B

EFFICIENCY

Earnings Waterfall NextEra Energy Partners, LP

Revenue	1.08 B
Cost Of Revenue	520 M
Gross Profit	558 M
Operating Expenses	65 M
Operating Income	-28 M
Other Expenses	222 M
Net Income	-250 M

RATIOS

51.76% GROSS MARGIN

Averages

1Year 51.76%

3Years 53.98%

5Years 56.61%

7Years 59.77%

10Years 65.05%

-2.60% OPERATING MARGIN

Averages

1Year -2.60%

3Years 10.52%

5Years 19.68%

7Years 27.70%

10Years 33.39%

18.55% NET MARGIN

Averages

1Year 18.55%

3Years 51.43%

5Years 16.22%

7Years 14.04%

10Years 11.40%

5.60% ROE

Averages

1Year 5.60%

3Years -7102.89%

5Years -2656.74%

7Years -3240.53%

10Years -2584.99%

0.89% ROA

Averages

1Year 0.89%

3Years 2.66%

5Years 0.56%

7Years 0.59%

10Years 0.56%

-0.26% ROIC

Averages

1Year -0.26%

3Years 1.92%

5Years 4.20%

7Years 5.20%

10Years 5.33%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis NextEra Energy Partners, LP

Net Income	-250 M
Depreciation & Amortization	635 M
Capital Expenditures	-1.27 B
Stock-Based Compensation	0
Change in Working Capital	-113 M
Others	312 M
Free Cash Flow	-538 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets NextEra Energy Partners, LP

Wall Street analysts predict an average 1-year price target for NEP of $27.9 , with forecasts ranging from a low of $20 to a high of $32 .

NEP Lowest Price Target Wall Street Target

20 USD 21.73%

NEP Average Price Target Wall Street Target

27.9 USD 69.66%

NEP Highest Price Target Wall Street Target

32 USD 94.77%

4. DIVIDEND ANALYSIS

8.60% DIVIDEND YIELD

0.917 USD DIVIDEND PER SHARE

5. COMPETITION

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil.

-21.8 USD

BEPC

Overvalued 172.35%

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets.

7.82 USD

AQN

Undervalued 62.28%

Clearway Energy, Inc. operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities.

36.8 USD

CWEN

Undervalued 33.61%

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa.

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China.

32.5 USD

BEP

Undervalued 28.90%

6. Ownership

Insider Ownership NextEra Energy Partners, LP

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
1 year ago Apr 27, 2023	Bought 14.2 K USD	Kind Peter H Director	+ 250	56.83 USD
1 year ago Apr 27, 2023	Bought 85.4 K USD	Kind Peter H Director	+ 1500	56.9 USD
4 years ago Mar 17, 2020	Bought 77.4 K USD	Kind Peter H Director	+ 2000	38.698 USD
4 years ago Mar 16, 2020	Bought 106 K USD	Byrne Robert J Director	+ 2500	42.5 USD
4 years ago Mar 13, 2020	Bought 256 K USD	Byrne Robert J Director	+ 5500	46.5 USD
5 years ago Oct 25, 2019	Bought 51.8 K USD	Kind Peter H Director	+ 1000	51.7823 USD
7 years ago Jul 14, 2017	Bought 191 K USD	Pimentel Armando Jr President of GP	+ 5000	38.23 USD
7 years ago Jul 05, 2017	Bought 50.6 K USD	Hickson Mark E EVP Corp Dev of GP	+ 1350	37.51 USD
9 years ago Sep 11, 2015	Bought 312 K USD	CUTLER PAUL I Treasurer & Asst. Sec of GP	+ 12000	26 USD
9 years ago Aug 28, 2015	Bought 33.9 K USD	Pimentel Armando Jr President of GP	+ 1100	30.86 USD
9 years ago Aug 28, 2015	Bought 116 K USD	Pimentel Armando Jr President of GP	+ 3900	29.72 USD
10 years ago Jul 01, 2014	Bought 584 K USD	Sieving Charles E General Counsel of GP	+ 23358	25 USD
10 years ago Jul 01, 2014	Bought 250 K USD	Pimentel Armando Jr President of GP	+ 10000	25 USD
10 years ago Jul 01, 2014	Bought 62.5 K USD	Kind Peter H Director	+ 2500	25 USD
10 years ago Jul 01, 2014	Bought 85.8 K USD	Hickson Mark E VP, Strategy & Corp Dev. of GP	+ 3430	25 USD
10 years ago Jul 01, 2014	Bought 146 K USD	FROGGATT CHRIS N Controller & CAO of GP	+ 5837	25 USD
10 years ago Jul 01, 2014	Bought 625 K USD	DEWHURST MORAY P CFO of GP	+ 25000	25 USD
10 years ago Jul 01, 2014	Bought 613 K USD	CUTLER PAUL I Treasurer & Asst. Sec of GP	+ 24525	25 USD
10 years ago Jul 01, 2014	Bought 95 K USD	Byrne Robert J Director	+ 3800	25 USD
10 years ago Jul 01, 2014	Bought 1.84 M USD	ROBO JAMES L Chairman & CEO of GP	+ 73576	25 USD
10 years ago Jun 27, 2014	Bought 2.28 M USD	ROBO JAMES L Chairman & CEO of GP	+ 70000	32.55 USD
15 years ago Aug 26, 2009	Sell 56 K USD	Southpaw Asset Management LP 10 percent owner	- 27600	2.0306 USD
15 years ago Aug 27, 2009	Sell 403 K USD	Southpaw Asset Management LP 10 percent owner	- 200000	2.0162 USD
15 years ago Aug 28, 2009	Sell 394 K USD	Southpaw Asset Management LP 10 percent owner	- 200000	1.9695 USD
15 years ago Aug 20, 2009	Sell 70.4 K USD	Southpaw Asset Management LP 10 percent owner	- 27610	2.5508 USD
15 years ago Aug 20, 2009	Sell 6.1 K USD	Southpaw Asset Management LP 10 percent owner	- 2390	2.5508 USD
15 years ago Jun 08, 2009	Sell 203 K USD	Southpaw Asset Management LP 10 percent owner	- 230087	0.8837 USD
15 years ago Jun 09, 2009	Sell 78.2 K USD	Southpaw Asset Management LP 10 percent owner	- 92035	0.8498 USD
15 years ago Jun 08, 2009	Sell 17.6 K USD	Southpaw Asset Management LP 10 percent owner	- 19913	0.8837 USD
15 years ago Jun 09, 2009	Sell 6.77 K USD	Southpaw Asset Management LP 10 percent owner	- 7965	0.8498 USD
16 years ago May 27, 2008	Sell 1.22 M USD	Southpaw Asset Management LP 10 percent owner	- 1737644	0.7 USD
16 years ago May 27, 2008	Sell 105 K USD	Southpaw Asset Management LP 10 percent owner	- 150431	0.7 USD
19 years ago Apr 06, 2005	Bought 3.45 K USD	BARTA NORMAN J President & CEO	+ 1100	3.14 USD
19 years ago Apr 06, 2005	Bought 0 USD	BARTA NORMAN J President & CEO	+ 1100	0 USD

7. News

100 November Sustainable Dividend Dogs: 50 'Safer' And 2 Ideal Buys Calvert Research and Management ranked the 100 most sustainable companies based on over 230 ESG indicators, including workplace diversity and greenhouse-gas emissions. Eight of 78 dividend-paying sustainable companies offer dividends exceeding their share prices, signalling potential buy opportunities for investors. Analysts estimate net gains of 17.47% to 69.69% for the top ten sustainable companies by November 2025, based on target prices and dividends. seekingalpha.com - 2 days ago

NextEra Energy Partners, LP (NEP) is Attracting Investor Attention: Here is What You Should Know Zacks.com users have recently been watching NextEra Energy Partners (NEP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 1 week ago

Dividend Harvesting Portfolio Week 192: $19,200 Allocated, $1,836.34 In Projected Dividends Despite recent market declines, I remain confident in the Dividend Harvesting Portfolio, focusing on generating recurring income and mitigating downside risk. Big tech's increased CapEx spend is bullish; I continue to allocate capital to Ford, NextEra Energy Partners, and REX AI Equity Premium Income ETF. The portfolio's forward dividend income is now $1,836.34, with a yield of 7.73%, and I project strong growth into 2025. seekingalpha.com - 1 week ago

NextEra Energy Partners Vs. Brookfield Renewable Partners: I Would Go With Brookfield BEP has limited near-term debt maturities and has taken advantage of favourable refinancing conditions, reducing its exposure to interest rate risks while maintaining growth through strategic investments in renewable energy. While NEP may offer better valuation metrics, its higher financial risks and potential dividend cuts make BEP the more stable and reliable choice for investors seeking growth and lower risk. NEP faces concerns about CEPF payouts beyond 2026 potentially forcing it to lower distributions and redeploy capital. seekingalpha.com - 1 week ago

NextEra Energy Partners: 19% Yield, Buy Amid Debt Challenges NextEra Energy Partners faces significant debt challenges in a high interest rate environment, but its 19% forward distribution yield presents a compelling value opportunity. Despite potential yield cuts, the unit price is unlikely to decline significantly further for the time being, making it a Moderate Buy, though it requires careful monitoring. The company's complex structure focuses on owning clean energy assets with stable cash flows from long-term contracts in wind and solar projects. seekingalpha.com - 2 weeks ago

16 Upcoming Dividend Increases All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week. seekingalpha.com - 2 weeks ago

Dividend Harvesting Portfolio Week 191: $19,100 Allocated, $1,807.09 In Projected Dividends Earning season is crucial, with big tech companies like Microsoft, Apple, Meta, Alphabet, and Amazon reporting, potentially driving the market higher. The Dividend Harvesting Portfolio saw a healthy retracement, maintaining a 24.65% ROI, with a focus on diversification and recurring income. Added to positions in Ford and NextEra Energy Partners to enhance dividend income, projecting $1,910 in forward dividend income by year-end. seekingalpha.com - 2 weeks ago

3 Scary High-Yield Dividend Stocks That Income Investors Should Avoid Right Now These companies could slash their high-yielding payouts in the future. fool.com - 2 weeks ago

NextEra Energy Partners, LP (NEP) Is a Trending Stock: Facts to Know Before Betting on It Zacks.com users have recently been watching NextEra Energy Partners (NEP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 2 weeks ago

NextEra Energy Partners: Be Greedy When Others Are Fearful NextEra Energy Partners' units fell over 16% due to worse-than-expected Q3 results and a significant decline in EBITDA, raising concerns about distribution stability. I believe, at the current valuation level, the risk of a distribution cut is already priced in. NEP also declared a new distribution of $0.9175 per unit, a 1.4% increase, suggesting a near-term distribution cut is unlikely. seekingalpha.com - 3 weeks ago

This Ultra-High-Yield Dividend Stock Could Face a Day of Reckoning in January 2025 NextEra Energy Partners' strategy shifts haven't had the desired effect. fool.com - 3 weeks ago

Dividend Harvesting Portfolio Week 190: $19,000 Allocated, $1,792.47 In Projected Dividends Despite expectations of market volatility, indices remain stable and near all-time highs, driven by anticipated Fed rate cuts and potential AI efficiencies. The Dividend Harvesting Portfolio has shown strong performance, with a 26.8% gain on invested capital and significant growth in dividend income. Diversification and reinvestment strategies have led to consistent portfolio growth, with a focus on income-producing investments and sector balance. seekingalpha.com - 3 weeks ago

8. Profile Summary

NextEra Energy Partners, LP NEP

COUNTRY US

INDUSTRY Renewable Utilities

MARKET CAP $ 1.54 B

Dividend Yield 8.60%

Description NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

Contact 700 Universe Boulevard, Juno Beach, FL, 33408 https://www.investor.nexteraenergypartners.com

IPO Date June 27, 2014

Employees None

Officers Mr. William Scott Seeley Corporate Secretary Mr. Mark E. Hickson Executive Vice President of Strategy & Corporate Development and Director Mr. James Michael May Controller & Chief Accounting Officer Mr. Brian W. Bolster Chief Financial Officer & Director Mr. Michael H. Dunne Treasurer & Assistant Secretary

Price Chart NEP

NextEra Energy Partners, LP NEP

Premium Plan

Unlimited Plan