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Nextera Energy Partners (NEP)
NYSE:NEP
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Earnings Data
Report Date
Jan 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.68Last Year’s EPS
1.2Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -29.48%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial and operational performance by NextEra Energy, highlighting significant achievements in renewable energy expansion and resilience during hurricanes. However, challenges from hurricane recovery costs and a decline in the customer supply and trading business were notable lowlights.Company Guidance
During the third quarter 2024 earnings call for NextEra Energy, Inc. and NextEra Energy Partners, the company reported a 10% year-over-year increase in adjusted earnings per share, driven by strong financial and operational performance at both Florida Power & Light (FPL) and Energy Resources. The company added approximately 3 gigawatts to its renewables and storage backlog for the second consecutive quarter, bringing the four-quarter total to about 11 gigawatts. They also announced new framework agreements with two Fortune 50 customers for potential development of up to 10.5 gigawatts of renewables and storage projects by 2030, in addition to their Entergy joint development agreement, collectively totaling up to 15 gigawatts. FPL's regulatory capital employed grew by approximately 9.5% year-over-year, with capital expenditures for the quarter around $2 billion. The company also highlighted its robust storm response efforts, with significant restorations following Hurricane Helane and Hurricane Milton, and the positive impact of their grid hardening investments, which avoided numerous outages.Strong Financial Performance
NextEra Energy reported a 10% year-over-year increase in adjusted earnings per share for the third quarter, driven by solid financial and operational performance at both FPL and Energy Resources.
Renewables and Storage Expansion
Added approximately 3 gigawatts to the renewables and storage backlog for the second consecutive quarter, with a running 4-quarter total of approximately 11 gigawatts.
Framework Agreements with Fortune 50 Companies
Announced incremental framework agreements with two Fortune 50 customers for potential development of renewables and storage projects totaling up to 10.5 gigawatts by 2030.
Hurricane Resilience and Quick Recovery
FPL restored power to 95% of affected customers within days after Hurricanes Helane and Milton, demonstrating the effectiveness of its storm-resilient grid investments.
FPL Capital Growth
FPL's regulatory capital employed grew approximately 9.5% year-over-year, with expected 10% average annual growth over the current rate agreement term through 2025.
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NEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $23.98 | $20.08 | -16.26% |
| Jul 24, 2024 | $25.57 | $25.31 | -1.02% |
| Apr 23, 2024 | $24.56 | $25.74 | +4.80% |
| Jan 25, 2024 | $23.30 | $25.36 | +8.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nextera Energy Partners (NEP) report earnings?
Nextera Energy Partners (NEP) is schdueled to report earning on Jan 24, 2025, TBA Not Confirmed.
What is Nextera Energy Partners (NEP) earnings time?
Nextera Energy Partners (NEP) earnings time is at Jan 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEP EPS forecast?
NEP EPS forecast for the fiscal quarter 2024 (Q4) is 0.68.
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