NextEra Energy Partners, LPNEP
NYSE • Utilities
$10.54
P/E
9.58
PEG
0.07
FCF Yield
—
Rev Growth YoY
-13.8% YoY
Gross Margin
102.5%
Health Score
5/10
D/E Ratio
0.57
Confidence
LOW
Business Snapshot
NextEra Energy Partners is a publicly traded limited partnership focused on owning contracted renewable energy assets, primarily wind and solar projects, with operations across the United States. The partnership operates in the renewable utilities market, a growing segment supported by long-term power purchase agreements that provide contracted cash flows. With TTM revenue of $1.10 billion, the company falls into the small-to-mid-cap tier, though market capitalisation is not available in the data. A defining characteristic is its structure as a yield-oriented vehicle designed to distribute cash to unitholders, making free cash flow and distribution coverage critical to its investment proposition.
Financial Health
Gross margin for the current period is not reported; the prior year recorded 71.9% but a data quality warning flags a potentially distorted figure of 102.5% — treat with caution. The net margin stands at -73.0%, indicating that net income is substantially negative relative to revenue, a serious profitability concern...
Risk Assessment
- EARNINGS QUALITY — 0 of the last 4 quarters beat analyst estimates, indicating persistent guidance misses and low earnings predictability.
- REVENUE DECELERATION — Revenue declined 13.8% year-over-year, with negative annual growth signalling asset or contract attrition.
- LIQUIDITY — Current ratio of 0.91x is below 1.0x, meaning current assets do not fully cover short-term obligations.
- PROFITABILITY — Net margin of -73.0% is deeply negative, indicating that the partnership is spending far more than it earns on a net income basis.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed....
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