NYSE$XIFR
XPLR Infrastructure LP · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported net income attributable to NextEra Energy Partners and adjusted EBITDA, also closed on the acquisition of Meade Pipeline Co LLC.
NextEra Energy Partners, LP reported a net income of $34 million for the fourth quarter of 2019. The company's adjusted EBITDA stood at $280 million, and cash available for distribution (CAFD), excluding Desert Sunlight projects, was $101 million.
- Grows distributions approximately 15% year-over-year
- Acquires more than 600 megawatts of new wind and solar projects and Meade Pipeline Co LLC during the year
- Partnership continues to expect it can achieve long-term growth expectations without additional acquisitions until 2021
- NextEra Energy Partners delivered a total unitholder return of approximately 28% in 2019
Headline financials
Revenue & EPS history
NextEra Energy Partners · Revenue · Quarterly
$206M
Forward guidance
NextEra Energy Partners expects 12% to 15% per year growth in limited partner distributions through at least 2024 and expects the annualized rate of the fourth-quarter 2020 distribution, which is payable in February 2021, to be in a range of $2.40 to $2.46 per common unit.
Tailwinds
- Adjusted EBITDA, CAFD and limited partner distribution expectations assume, among other things, normal weather and operating conditions
- Public policy support for wind and solar development and construction
- Market demand and transmission expansion support for wind and solar development
- Market demand for pipeline capacity
- Access to capital at reasonable cost and terms
Headwinds
- PG&E, which contributes a significant portion of NEP's revenues, has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
- Any rejection by PG&E of a material portion of NEP's PPAs with it or any material reduction in the prices NEP charges PG&E under those PPAs that occurs in connection with PG&E's Chapter 11 proceedings
- Any events of default under the financing agreements of NEP's solar facilities that provide power and renewable energy credits to PG&E under these PPAs as a result of PG&E's reorganization activities, could have a material adverse effect on NEP's results of operations, financial condition or business
- NEP's portfolio includes renewable energy projects that have a limited operating history.
- Such projects may not perform as expected
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
-0.1%
Avg return
Earnings day
+0.4%
Avg return
5 days after
-1.2%
Avg return
30 days after
46%
21 / 46 earnings
Positive
+15.7%
Q3 2023
Best reaction
-25.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | +4.2% | +3.6% | |
| Q4 2025 | +9.2% | +6.0% | +4.3% | |
| Q3 2025 | -5.1% | +2.3% | -6.6% | |
| Q1 2025 | +5.5% | +5.2% | +6.1% | |
| Q4 2024 | -25.1% | -33.3% | -44.1% | |
| Q3 2024 | -16.3% | -18.7% | -33.1% | |
| Q2 2024 | -6.6% | -3.7% | -6.4% | |
| Q1 2024 | +7.9% | +5.4% | +17.4% | |
| Q4 2023 | +7.4% | +12.0% | +1.0% | |
| Q3 2023 | +15.7% | +22.4% | +5.5% | |
| Q2 2023 | -3.9% | -8.4% | -19.8% | |
| Q1 2023 | -12.2% | -9.7% | -7.6% | |
| Q4 2022 | -2.5% | -4.5% | -11.5% | |
| Q3 2022 | -0.3% | +0.7% | +7.7% | |
| Q2 2022 | +9.7% | +8.8% | +14.8% | |
| Q1 2022 | -6.9% | -10.6% | -12.6% | |
| Q4 2021 | -0.1% | -1.2% | +1.7% | |
| Q3 2021 | +3.1% | +5.0% | +9.7% | |
| Q2 2021 | -0.6% | +3.1% | +6.1% | |
| Q1 2021 | +1.3% | +2.7% | -4.0% | |
| Q4 2020 | -8.7% | -3.0% | -13.7% | |
| Q3 2020 | -0.8% | -0.4% | -1.8% | |
| Q2 2020 | +2.8% | +6.7% | +5.8% | |
| Q1 2020 | +11.1% | +10.8% | +14.2% | |
| Q4 2019 | -2.1% | -0.6% | +8.2% | |
| Q3 2019 | +2.7% | +2.6% | +3.8% | |
| Q2 2019 | -3.3% | -3.3% | -1.5% | |
| Q1 2019 | -2.2% | -0.5% | -2.6% | |
| Q4 2018 | -4.3% | -6.7% | -1.6% | |
| Q3 2018 | -2.6% | -9.6% | -0.2% | |
| Q2 2018 | +3.9% | +3.7% | +8.0% | |
| Q1 2018 | +3.0% | +5.5% | +8.6% | |
| Q4 2017 | +4.3% | +6.9% | -5.0% | |
| Q3 2017 | -0.7% | -0.4% | -1.9% | |
| Q2 2017 | +1.9% | +6.1% | +0.2% | |
| Q1 2017 | +5.1% | +3.9% | +4.2% | |
| Q4 2016 | +10.1% | +14.2% | +9.3% | |
| Q3 2016 | -2.3% | -4.3% | -7.4% | |
| Q2 2016 | -1.8% | -3.5% | -3.9% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | +7.3% | — | — | |
| Q2 2015 | -8.6% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q3 2014 | -2.7% | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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