Nextera Energy Partners LP (NEP), a subsidiary of NextEra Energy, Inc. (NEE) involves in acquisition and operation of contracted clean energy projects. It also owns interests in wind, natural gas pipeline assets and solar projects. The company through its partner NEP OpCo owns a portfolio of contracted renewable generation assets consisting of wind and solar projects including natural gas pipeline assets. NEP’s natural gas pipeline assets portfolio comprise NET Mexico, Eagle Ford and other. It caters services to power producers and municipalities. NEP is headquartered in Juno Beach, Florida, the US.
Headquarters
United States of America
Address
700 Universe Blvd, Juno Beach, Florida, 33408
Telephone
1 561 6944000
Industry
Alternative Energy
Ticker Symbol & Exchange
NEP (NYSE)
Revenue (2022)
$1.2B
23.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
248.2%
(2022 vs 2021)
Market Cap*
$2.6B
Net Profit Margin (2022)
XYZ
182.4%
(2022 vs 2021)
* As of and is in US$
Nextera Energy Partners LP premium industry data and analytics
Products and Services
| Services |
|---|
| Owns, Acquires and Operates Contracted Clean Energy Projects |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Divestiture | In December, the company sold its Texas natural gas pipeline portfolio to Kinder Morgan for US$1.815 billion. |
| 2023 | Acquisitions/Mergers/Takeovers | In October, the company acquired an additional 25% stake in South Texas Midstream for US$201 million. |
| 2022 | Contracts/Agreements | In November, the company entered into an agreement to acquire 49% stake in Emerald Breeze and renewable projects portfolio in the US from NextEra Energy Resources. |
Competitor Comparison
| Key Parameters | Nextera Energy Partners LP | Northland Power Inc | Sunnova Energy International Inc | Pattern Energy Group Inc | Azure Power Global Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | Canada | United States of America | United States of America | India |
| City | Juno Beach | Toronto | Houston | San Francisco | New Delhi |
| State/Province | Florida | Ontario | Texas | California | Delhi |
| No. of Employees | - | 1,339 | 1,170 | - | 427 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John W Ketchum | Chairman; Chief Executive Officer | Executive Board | 2022 | 52 |
| T Kirk Crews | Chief Financial Officer; Director | Executive Board | 2022 | 44 |
| Rebecca J Kujawa | Director; President | Executive Board | 2022 | 47 |
| James May | Chief Accounting Officer; Controller | Senior Management | 2019 | 46 |
| Mark E Hickson | Executive Vice President - Strategy and Corporate Development; Director | Executive Board | 2017 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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