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NextEra Energy Partners (NEP)

(Delayed Data from NYSE)

$29.63 USD

29.63
1,789,228

+0.86 (2.99%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $29.62 -0.01 (-0.03%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth F Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 28% (70 out of 252)

Industry: Alternative Energy - Other

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Balance Sheet

Research for NEP

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for NextEra Energy Partners, LP falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 274 235 147 108 128
Receivables 1,753 1,309 1,197 266 269
Notes Receivable 0 0 0 0 0
Inventories 82 51 41 24 0
Other Current Assets 107 267 25 16 36
Total Current Assets 2,216 1,862 1,410 414 433
Net Property & Equipment 14,837 14,949 11,417 7,163 6,970
Investments & Advances 1,853 1,917 1,896 1,814 1,653
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 195 322 249 172
Intangibles 2,820 3,427 3,659 2,791 2,891
Deposits & Other Assets 785 702 272 131 137
Total Assets 22,511 23,052 18,976 12,562 12,256
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 159 960 1,086 209 180
Current Portion Long-Term Debt 1,348 38 33 12 12
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 81 59 51 47 61
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 83 269 91 82 48
Total Current Liabilities 1,671 1,326 1,261 350 301
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,941 5,250 5,294 3,376 4,132
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,842 1,704 1,262 1,129 757
Minority Interest (Liabilities) 0 101 321 0 0
Total Liabilities 8,454 8,381 8,138 4,855 5,190
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 183
Common Stock (Par) 3,576 3,332 2,985 2,362 2,008
Capital Surplus 0 0 0 0 0
Retained Earnings 0 0 0 0 0
Other Equity 10,481 11,339 7,853 5,345 4,875
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 14,057 14,671 10,838 7,707 7,066
Total Liabilities & Shareholder's Equity 22,511 23,052 18,976 12,562 12,256
Total Common Equity 14,057 14,671 10,838 7,707 6,883
Shares Outstanding 93.40 86.50 83.90 73.00 60.80
Book Value Per Share 150.50 169.61 129.18 105.58 113.21

Fiscal Year End for NextEra Energy Partners, LP falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 274 332 587 238
Receivables NA 1,753 534 624 930
Notes Receivable NA 0 0 0 0
Inventories NA 82 78 71 59
Other Current Assets NA 107 178 165 138
Total Current Assets NA 2,216 1,122 1,447 1,365
Net Property & Equipment NA 14,837 15,693 15,829 15,176
Investments & Advances NA 1,853 2,038 1,960 1,927
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 232 259 242
Intangibles NA 2,820 3,456 3,481 3,381
Deposits & Other Assets NA 785 672 590 556
Total Assets NA 22,511 23,213 23,566 22,647
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 159 346 476 827
Current Portion Long-Term Debt NA 1,348 1,342 573 50
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 81 79 64 40
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 83 73 71 66
Total Current Liabilities NA 1,671 1,840 1,184 983
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4,941 5,139 5,918 5,295
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,824 1,831 1,790
Minority Interest (Liabilities) NA 0 0 105 103
Total Liabilities NA 8,454 8,803 9,038 8,171
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 3,576 3,540 3,565 3,414
Capital Surplus NA 0 0 0 0
Retained Earnings NA 0 0 0 0
Other Equity NA 10,481 10,870 10,963 11,062
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 14,057 14,410 14,528 14,476
Total Liabilities & Shareholder's Equity NA 22,511 23,213 23,566 22,647
Total Common Equity 0 14,057 14,410 14,528 14,476
Shares Outstanding 93.40 93.40 93.40 93.40 88.90
Book Value Per Share 0.00 150.50 154.28 155.55 162.83