NextEra Energy Partners (NYSE: NEP) reported Q4 EPS of $0.91, $0.59 better than the analyst estimate of $0.32.

Outlook
Based on the expected continued growth of NextEra Energy Partners' portfolio, NextEra Energy Partners is extending its financial expectations for another two years. NextEra Energy Partners now expects 12 to 15 percent per year growth in limited partner distributions through at least 2022, off a base of its fourth-quarter 2016 distribution at an annualized rate of $1.41 per common unit. The partnership expects the annualized rate of the fourth-quarter 2017 distribution, which is payable in February 2018, to be in a range of $1.58 to $1.62 per common unit.

NextEra Energy Partners continues to expect a Dec. 31, 2016, run rate for adjusted EBITDA of $670 million to $760 million and CAFD of $230 million to $290 million, reflecting forecasted calendar year 2017 expectations for the portfolio at year-end Dec. 31, 2016. NextEra Energy Partners also continues to expect a Dec. 31, 2017, run rate for adjusted EBITDA of $875 million to $975 million and CAFD of $310 million to $340 million, reflecting calendar year 2018 expectations for the forecasted portfolio at year-end Dec. 31, 2017. These expectations are net of expected IDR fees, as these fees are expected to be treated as an operating expense.

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