NextEra Energy Partners (NYSE: NEP) reported Q2 EPS of $0.19, may not compare to the analyst estimate of $0.33. Revenue for the quarter came in at $171 million versus the consensus estimate of $195.7 million.

Outlook

From a base of its fourth-quarter 2015 distribution per common unit at an annualized rate of $1.23, NextEra Energy Partners continues to expect 12 to 15 percent per year growth in limited partner distributions through 2020. The partnership expects the annualized rate of the fourth-quarter 2016 distribution, which is payable in February 2017, to be in the range of $1.38 to $1.41 per common unit.

NextEra Energy Partners now expects a Dec. 31, 2016, run rate for adjusted EBITDA of $670 million to $760 million and CAFD of $230 million to $290 million, reflecting calendar year 2017 expectations for the forecasted portfolio at year-end Dec. 31, 2016. These expectations are net of expected IDR fees, as these fees are expected to be treated as an operating expense.

For earnings history and earnings-related data on NextEra Energy Partners (NEP) click here.