Wed, Jul 24, 4:44 PM (45 days ago)
NextEra Energy Partners, LP (NEP) reported financial results for the quarter ending June 30, 2024. Key highlights include a 23% increase in operating revenues to $360 million, driven by acquisitions and favorable wind resources. Operating income rose to $66 million from $26 million in the prior year, while net income attributable to NEP increased to $62 million from $49 million. Interest expense surged due to higher debt levels and unfavorable mark-to-market activity. NEP's liquidity stood at $3.4 billion, supported by a revolving credit facility. The company anticipates using cash on hand, operations, and financing to fund ongoing and future capital needs.