Nextera Energy Partners, Lp - Understand $nep stock

$NEP Market Cap: $1.684 Billion

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Financial Snapshot

Revenue

$1.168B

TTM

Gross Margin

Net Earnings

$204.0M

TTM

Current Assets

$852.0M

Q3 2024

Current Liabilities

$422.0M

Q3 2024

Current Ratio

201.9%

Q3 2024

Total Assets

$20.90B

Q3 2024

Total Liabilities

$7.300B

Q3 2024

Book Value

$13.60B

Q3 2024

Cash

$290.0M

Q3 2024

P/E

8.253

Nov 29, 2024 EST

Free Cash Flow

$302.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.078B	$1.211B	$982.0M	$917.0M	$855.0M	$771.0M	$807.0M	$772.0M	$501.0M	$359.0M	$179.0M	$131.0M
YoY Change	-10.98%	23.32%	7.09%	7.25%	10.89%	-4.46%	4.53%	54.09%	39.55%	100.56%	36.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.078B	$1.211B	$982.0M	$917.0M	$855.0M	$771.0M	$807.0M	$772.0M	$501.0M	$359.0M	$179.0M	$131.0M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$585.0M	$620.0M	$448.0M	$393.0M	$363.0M	$278.0M	$269.0M	$238.0M	$129.0M	$84.00M	$52.00M	$18.10M
YoY Change	-5.65%	38.39%	13.99%	8.26%	30.58%	3.35%	13.03%	84.5%	53.57%	61.54%	187.29%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$635.0M	$400.0M	$263.0M	$247.0M	$236.0M	$199.0M	$204.0M	$213.0M	$157.0M	$97.00M	$55.00M	$40.00M
YoY Change	58.75%	52.09%	6.48%	4.66%	18.59%	-2.45%	-4.23%	35.67%	61.86%	76.36%	37.5%
% of Gross Profit
Operating Expenses	$1.106B	$1.050B	$748.0M	$664.0M	$622.0M	$481.0M	$495.0M	$470.0M	$292.0M	$183.0M	$107.0M	$77.00M
YoY Change	5.33%	40.37%	12.65%	6.75%	29.31%	-2.83%	5.32%	60.96%	59.56%	71.03%	38.96%
Operating Profit	-$28.00M	$197.0M	$234.0M	$253.0M	$233.0M	$443.0M	$312.0M	$302.0M	$209.0M	$176.0M	$72.00M	$54.00M
YoY Change	-114.21%	-15.81%	-7.51%	8.58%	-47.4%	41.99%	3.31%	44.5%	18.75%	144.44%	33.33%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	-$238.0M	$853.0M	$47.00M	$620.0M	$702.0M	$248.0M	$199.0M	$152.0M	$117.0M	$100.0M	$49.00M	$51.00M
YoY Change	-127.9%	1714.89%	-92.42%	-11.68%	183.06%	24.62%	30.92%	29.91%	17.0%	104.08%	-3.92%
% of Operating Profit		432.99%	20.09%	245.06%	301.29%	55.98%	63.78%	50.33%	55.98%	56.82%	68.06%	94.44%
Other Income/Expense, Net	$9.000M	$1.095B	$238.0M	-$510.0M	-$663.0M	-$170.0M	-$31.00M	$138.0M	-$69.00M	-$93.00M	-$44.00M	-$50.00M
YoY Change	-99.18%	360.08%	-146.67%	-23.08%	290.0%	448.39%	-122.46%	-300.0%	-25.81%	111.36%	-12.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	-$257.0M	$1.292B	$472.0M	-$257.0M	-$430.0M	$273.0M	$281.0M	$440.0M	$140.0M	$83.00M	$28.00M	$4.000M
YoY Change	-119.89%	173.73%	-283.66%	-40.23%	-257.51%	-2.85%	-36.14%	214.29%	68.67%	196.43%	600.0%
Income Tax	-$25.00M	$171.0M	$48.00M	-$19.00M	-$26.00M	$6.000M	$167.0M	$57.00M	$33.00M	-$14.00M	$8.000M	-$12.00M
% Of Pretax Income		13.24%	10.17%			2.2%	59.43%	12.95%	23.57%	-16.87%	28.57%	-300.0%
Net Earnings	$200.0M	$477.0M	$137.0M	-$55.00M	-$88.00M	$167.0M	-$64.00M	$83.00M	$10.00M	$3.000M	$20.00M	$16.00M
YoY Change	-58.07%	248.18%	-349.09%	-37.5%	-152.69%	-360.94%	-177.11%	730.0%	233.33%	-85.0%	25.0%
Net Earnings / Revenue	18.55%	39.39%	13.95%	-6.0%	-10.29%	21.66%	-7.93%	10.75%	2.0%	0.84%	11.17%	12.21%
Basic Earnings Per Share	$2.18	$5.62	$1.77	-$0.81	-$1.51	$3.05	-$1.18	$1.90
Diluted Earnings Per Share	$2.18	$5.62	$1.77	-$0.81	-$1.51	$2.91	-$1.18	$1.90	$438.6K	$1.658M	$214.8K	$171.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$274.0M	$235.0M	$147.0M	$108.0M	$128.0M	$147.0M	$154.0M	$150.0M	$164.0M	$106.0M	$27.00M	$21.00M
YoY Change	16.6%	59.86%	36.11%	-15.63%	-12.93%	-4.55%	2.67%	-8.54%	54.72%	292.59%	28.57%
Cash & Equivalents	$274.0M	$235.0M	$147.0M	$108.0M	$128.0M	$147.0M	$154.0M	$150.0M	$164.0M	$106.0M	$27.00M	$21.00M
Short-Term Investments
Other Short-Term Assets	$107.0M	$267.0M	$25.00M	$16.00M	$36.00M	$45.00M	$71.00M	$63.00M	$40.00M	$120.0M	$6.000M	$266.0M
YoY Change	-59.93%	968.0%	56.25%	-55.56%	-20.0%	-36.62%	12.7%	57.5%	-66.67%	1900.0%	-97.74%
Inventory	$82.00M	$51.00M	$41.00M	$24.00M							$4.000M	$3.000M
Prepaid Expenses
Receivables	$114.0M	$137.0M	$112.0M	$83.00M	$79.00M	$80.00M	$85.00M	$87.00M	$80.00M	$41.00M	$203.0M	$91.00M
Other Receivables	$1.639B	$1.172B	$1.085B	$183.0M	$190.0M	$68.00M	$88.00M	$67.00M	$70.00M	$219.0M	$0.00	$0.00
Total Short-Term Assets	$2.216B	$1.862B	$1.410B	$414.0M	$433.0M	$340.0M	$398.0M	$367.0M	$354.0M	$486.0M	$240.0M	$380.0M
YoY Change	19.01%	32.06%	240.58%	-4.39%	27.35%	-14.57%	8.45%	3.67%	-27.16%	102.5%	-36.84%
Property, Plant & Equipment	$14.84B	$14.95B	$11.42B	$7.163B	$6.970B	$6.770B	$6.197B	$6.298B	$5.122B	$3.638B	$2.298B	$1.855B
YoY Change	-0.75%	30.94%	59.39%	2.77%	2.95%	9.25%	-1.6%	22.96%	40.79%	58.31%	23.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.853B	$1.917B	$1.896B	$1.814B	$1.653B	$234.0M	$229.0M	$310.0M	$168.0M	$19.00M
YoY Change	-3.34%	1.11%	4.52%	9.74%	606.41%	2.18%	-26.13%	84.52%	784.21%
Other Assets	$785.0M	$897.0M	$594.0M	$380.0M	$309.0M	$216.0M	$282.0M	$380.0M	$265.0M	$194.0M	$95.00M	$85.00M
YoY Change	-12.49%	51.01%	56.32%	22.98%	43.06%	-23.4%	-25.79%	43.4%	36.6%	104.21%	11.76%
Total Long-Term Assets	$20.30B	$21.19B	$17.57B	$12.15B	$11.82B	$9.065B	$7.997B	$8.294B	$6.873B	$3.851B	$2.393B	$1.940B
YoY Change	-4.22%	20.63%	44.6%	2.75%	30.42%	13.36%	-3.58%	20.68%	78.47%	60.93%	23.35%
Total Assets	$22.51B	$23.05B	$18.98B	$12.56B	$12.26B	$9.405B	$8.395B	$8.661B	$7.227B	$4.337B	$2.633B	$2.320B
YoY Change
Accounts Payable	$72.00M	$868.0M	$982.0M	$143.0M	$122.0M	$10.00M	$26.00M	$331.0M	$303.0M	$152.0M	$43.00M	$153.0M
YoY Change	-91.71%	-11.61%	586.71%	17.21%	1120.0%	-61.54%	-92.15%	9.24%	99.34%	253.49%	-71.9%
Accrued Expenses	$81.00M	$59.00M	$51.00M	$47.00M	$61.00M	$50.00M	$39.00M	$25.00M	$28.00M	$23.00M	$16.00M	$14.00M
YoY Change	37.29%	15.69%	8.51%	-22.95%	22.0%	28.21%	56.0%	-10.71%	21.74%	43.75%	14.29%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.00M	$0.00	$0.00	$0.00
YoY Change								-100.0%
Long-Term Debt Due	$1.348B	$38.00M	$33.00M	$12.00M	$12.00M	$707.0M	$99.00M	$78.00M	$101.0M	$86.00M	$370.0M	$22.00M
YoY Change	3447.37%	15.15%	175.0%	0.0%	-98.3%	614.14%	26.92%	-22.77%	17.44%	-76.76%	1581.82%
Total Short-Term Liabilities	$1.671B	$1.326B	$1.261B	$350.0M	$301.0M	$859.0M	$276.0M	$818.0M	$512.0M	$322.0M	$454.0M	$215.0M
YoY Change	26.02%	5.15%	260.29%	16.28%	-64.96%	211.23%	-66.26%	59.77%	59.01%	-29.07%	111.16%
Long-Term Debt	$4.941B	$5.250B	$5.294B	$3.376B	$4.132B	$2.728B	$4.218B	$3.508B	$3.334B	$1.807B	$1.429B	$1.381B
YoY Change	-5.89%	-0.83%	56.81%	-18.3%	51.47%	-35.32%	20.24%	5.22%	84.5%	26.45%	3.48%
Other Long-Term Liabilities	$1.842B	$1.704B	$1.262B	$1.129B	$757.0M	$268.0M	$1.630B	$1.722B	$1.446B	$499.0M	$28.00M	$20.00M
YoY Change	8.1%	35.02%	11.78%	49.14%	182.46%	-83.56%	-5.34%	19.09%	189.78%	1682.14%	40.0%
Total Long-Term Liabilities	$6.783B	$6.954B	$6.556B	$4.505B	$4.889B	$2.996B	$5.848B	$5.230B	$4.780B	$2.306B	$1.457B	$1.401B
YoY Change	-2.46%	6.07%	45.53%	-7.85%	63.18%	-48.77%	11.82%	9.41%	107.29%	58.27%	4.0%
Total Liabilities	$18.94B	$19.73B	$16.00B	$10.21B	$10.07B	$7.059B	$6.207B	$6.918B	$6.298B	$3.789B	$1.920B	$1.619B
YoY Change	-3.98%	23.3%	56.73%	1.34%	42.7%	13.73%	-10.28%	9.84%	66.22%	97.34%	18.59%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	91.60M shares	84.90M shares	77.20M shares	68.40M shares	58.80M shares	54.90M shares	54.20M shares	43.80M shares
Diluted Shares Outstanding	91.60M shares	84.90M shares	77.40M shares	68.40M shares	58.80M shares	74.60M shares	54.20M shares	43.80M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.6836 Billion

About NEXTERA ENERGY PARTNERS, LP

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. The company is headquartered in Juno Beach, Florida. The company went IPO on 2014-06-26. The firm owns a controlling, non-economic general partner interest and a 48.6% limited partner interest in NEP OpCo. Through NEP OpCo, the Company owns, or has a partial ownership interest in, a portfolio of contracted renewable energy assets consisting of wind, solar and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets (pipeline investment).

Industry: Electric Services Peers: Altus Power, Inc. Brookfield Renewable Corp Montauk Renewables, Inc. ORMAT TECHNOLOGIES, INC. Sunnova Energy International Inc.