NextEra Energy Partners (NEP) Tops Q3 EPS Views
NextEra Energy Partners (NYSE: NEP) reported Q3 EPS of $0.62, $0.32 better than the analyst estimate of $0.30. Revenue for the quarter came in at $188 million versus the consensus estimate of $195.67 million.
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
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