NextEra Energy Partners, LP (NYSE:NEP) is set to announce second quarter earning results on Friday 24th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NEP to report 2Q20 income of $ 0.36 per share.
For the full year, analysts anticipate top line of $ 1173.60 million, while looking forward to loss of $ 1.1 per share bottom line.
Previous Quarter Performance
NextEra Energy Partners, LP reported loss for the first quarter of $ 3.39 per share, from the revenue of $ 212.00 million. The quarterly earnings while revenues contracted 28.31 percent compared with the same quarter last year.
Wall street analysts are predicting, NEP to report 1Q20 income of $ 0.20 per share from revenue of $ 302.66 million. The bottom line results missed street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 90.66 million or 29.95 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NEP was $ 58.63, representing a 102.10 % increase from the 52 week low of $ 29.01 and a 5.24 % decrease over the 52 week high of $ 61.87.
The company has a market capital of $ 3.84 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
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Recent Analyst recommendations
On 17th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 54.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.555 per share on April 22, 2020. The dividend were payable on May 15, 2020 to holders of record as of the close of business on May 7, 2020 and ex-dividend date on May 6, 2020.
Conference Call
NextEra Energy Partners, LP will be hosting a conference call at 9:00 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.investor.nexteraenergypartners.com
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets. The company was founded in 2014 and is headquartered in Juno Beach, Florida.
