earnings
confidence high
sentiment positive
materiality 0.75
NextEra Energy Partners Q3 net income $79M, adj. EBITDA $377M, distribution up 15% YoY
XPLR Infrastructure, LP
2022-Q3 EPS reported
$5.25
revenue$945,000,000
- Q3 2022 net income attributable to NEP $79M; adjusted EBITDA $377M; CAFD $185M.
- LP distributions per unit grew approximately 15% year-over-year.
- Completed acquisition of ~230-MW, 4-hour battery storage project from NextEra Energy Resources.
- Year-end 2023 run-rate adjusted EBITDA expected ~23% higher, CAFD ~12% higher vs prior year-end midpoint.