Nextera Energy Partners (NEP) Financials

Annual Income Statements for Nextera Energy Partners

This table shows Nextera Energy Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-23	200	477	137	-55	-88	167	-64	83	10	3.00
Consolidated Net Income / (Loss)	-411	218	1,121	424	-238	-404	267	114	383	107	97
Net Income / (Loss) Continuing Operations	-411	-232	969	266	-238	-404	267	114	383	107	97
Total Pre-Tax Income	-457	-257	1,130	303	-257	-430	273	281	440	140	83
Total Operating Income	-459	-28	44	64	253	233	443	312	302	209	176
Total Gross Profit	726	558	442	348	554	519	514	559	557	388	280
Total Revenue	1,230	1,078	969	722	917	855	771	807	772	501	359
Total Cost of Revenue	504	520	527	374	363	336	257	248	215	113	79
Operating Cost of Revenue	504	520	527	374	363	336	257	248	215	113	79
Total Operating Expenses	1,185	586	398	284	301	286	71	247	255	179	104
Depreciation Expense	550	521	394	251	271	259	203	226	235	163	99
Other Operating Expenses / (Income)	73	65	40	28	28	27	-132	21	20	16	5.00
Impairment Charge	575	0.00	0.00	-	-	-	-	-	-	-	-
Other Special Charges / (Income)	-13	0.00	-36	5.00	2.00	-	-	-	-	-	-
Total Other Income / (Expense), net	2.00	-229	1,086	239	-510	-663	-170	-31	138	-69	-93
Interest & Investment Income	-63	-242	1,025	208	-512	-664	41	40	40	36	8.00
Other Income / (Expense), net	65	13	61	31	2.00	1.00	37	9.00	183	-12	-1.00
Income Tax Expense	-46	-25	161	37	-19	-26	6.00	167	57	33	-14
Net Income / (Loss) Discontinued Operations	0.00	450	152	158	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	-388	18	644	287	-188	-333	75	175	300	97	66
Basic Earnings per Share	($0.25)	$2.18	$5.62	$1.77	($0.81)	($1.51)	$3.05	($1.18)	$1.90	$0.46	$0.16
Weighted Average Basic Shares Outstanding	93.53M	93.43M	86.54M	83.87M	75.87M	65.50M	1.67B	54.20M	43.80M	22.80M	18.70M
Weighted Average Diluted Shares Outstanding	93.53M	93.43M	86.54M	83.87M	75.87M	65.50M	1.67B	54.20M	43.80M	22.80M	18.70M
Weighted Average Basic & Diluted Shares Outstanding	93.53M	93.43M	86.54M	83.87M	75.87M	65.50M	1.67B	54.20M	43.80M	22.80M	18.70M

This table shows Nextera Energy Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-98	-115	-40	62	70	112	53	49	-14	35	79
Consolidated Net Income / (Loss)	-328	-421	-83	58	35	148	132	89	-151	18	232
Net Income / (Loss) Continuing Operations	-328	-421	-83	58	35	-206	100	56	-182	-134	232
Total Pre-Tax Income	-373	-505	-53	79	22	-239	128	72	-218	-151	277
Total Operating Income	-233	-553	49	66	-21	-51	32	26	-35	-172	49
Total Gross Profit	172	180	191	221	134	102	187	170	99	-85	149
Total Revenue	282	294	319	360	257	232	308	293	245	24	302
Total Cost of Revenue	110	114	128	139	123	130	121	123	146	109	153
Operating Cost of Revenue	110	114	128	139	123	130	121	123	146	109	153
Total Operating Expenses	405	733	142	155	155	153	155	144	134	87	100
Depreciation Expense	136	138	138	138	136	136	136	126	123	79	107
Other Operating Expenses / (Income)	16	19	18	17	19	17	19	18	11	9.00	1.00
Impairment Charge	253	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-140	48	-102	13	43	-188	96	46	-183	21	228
Interest & Investment Income	-143	43	-117	-6.00	17	-177	80	33	-178	20	207
Other Income / (Expense), net	3.00	5.00	15	19	26	-11	16	13	-5.00	1.00	21
Income Tax Expense	-45	-84	30	21	-13	-33	28	16	-36	-17	45
Net Income / (Loss) Attributable to Noncontrolling Interest	-230	-306	-43	-4.00	-35	36	79	40	-137	-17	153
Basic Earnings per Share	($1.05)	($1.23)	($0.43)	$0.66	$0.75	$1.25	$0.57	$0.53	($0.17)	$0.36	$0.93
Weighted Average Basic Shares Outstanding	94.00M	93.53M	93.53M	93.54M	93.54M	93.43M	93.43M	93.43M	88.90M	86.54M	86.54M
Diluted Earnings per Share	($1.05)	-	-	-	-	-	-	-	-	-	$0.93
Weighted Average Diluted Shares Outstanding	94.00M	93.53M	93.53M	93.54M	93.54M	93.43M	93.43M	93.43M	88.90M	86.54M	86.54M
Weighted Average Basic & Diluted Shares Outstanding	94.00M	93.53M	93.53M	93.54M	93.54M	93.43M	93.43M	93.43M	88.90M	86.54M	86.54M

This table details how cash moves in and out of Nextera Energy Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	34	10	133	39	-20	-34	-32	7.00	5.00	-10	79
Net Cash From Operating Activities	800	731	776	677	665	346	362	413	415	288	182
Net Cash From Continuing Operating Activities	800	731	776	677	665	346	362	413	415	288	182
Net Income / (Loss) Continuing Operations	-411	218	1,121	424	-238	-404	267	114	383	107	97
Consolidated Net Income / (Loss)	-411	218	1,121	424	-238	-404	267	114	383	107	97
Depreciation Expense	550	553	430	288	271	259	203	226	235	163	99
Amortization Expense	82	82	143	117	103	72	0.00	0.00	-	-	-
Non-Cash Adjustments To Reconcile Net Income	564	-43	-1,107	-173	554	469	-104	-101	-58	-24	1.00
Changes in Operating Assets and Liabilities, net	15	-79	189	21	-25	-50	-4.00	174	-145	42	-15
Net Cash From Investing Activities	1,236	-194	-1,194	-2,301	-681	-2,349	-763	-1,368	-1,716	-1,899	-931
Net Cash From Continuing Investing Activities	1,236	-194	-1,194	-2,301	-681	-2,349	-763	-1,368	-1,716	-1,899	-931
Purchase of Property, Plant & Equipment	-241	-1,269	-1,351	-113	-334	-93	-25	-349	-861	-201	-714
Acquisitions	0.00	-661	-989	-2,352	-378	-2,322	-1,283	-	-	-	-
Purchase of Investments	1,384	-1,213	-240	-47	-	-	-	-22	-	-	-174
Divestitures	0.00	1,885	204	0.00	0.00	-	-	-	-	-	-
Sale and/or Maturity of Investments	0.00	0.00	15	1.00	2.00	54	21	-	1.00	182	-
Other Investing Activities, net	93	1,064	1,167	210	29	12	524	-997	-856	-1,880	-43
Net Cash From Financing Activities	-2,002	-527	551	1,663	-4.00	1,969	371	959	1,302	1,608	830
Net Cash From Continuing Financing Activities	-2,002	-527	551	1,663	-4.00	1,969	371	959	1,302	1,608	830
Repayment of Debt	-1,358	-1,542	-1,590	-1,184	-1,170	-2,845	-983	-1,287	-663	-745	-380
Payment of Dividends	-1,070	-1,713	-636	-884	-449	-383	-303	-307	-682	-1,122	-977
Issuance of Debt	354	2,362	1,505	2,880	695	3,380	750	1,880	775	1,794	15
Issuance of Common Equity	3.00	492	1,262	943	752	1,790	836	0.00	645	1,045	438
Other Financing Activities, net	69	-126	10	-92	168	27	71	125	1,227	636	1,734
Cash Interest Paid	193	250	154	126	163	162	171	163	170	110	73
Cash Income Taxes Paid	-47	-1.00	0.00	2.00	6.00	1.00	5.00	0.00	0.00	-	-

This table details how cash moves in and out of Nextera Energy Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,258	-18	25	20	7.00	-87	-247	339	5.00	59	-32
Net Cash From Operating Activities	90	283	208	231	78	179	256	214	82	165	202
Net Cash From Continuing Operating Activities	90	283	208	231	78	179	256	214	82	165	202
Net Income / (Loss) Continuing Operations	-328	-420	-83	57	35	148	132	89	-151	18	233
Consolidated Net Income / (Loss)	-328	-420	-83	57	35	148	132	89	-151	18	233
Depreciation Expense	136	138	138	138	136	141	145	135	132	115	108
Amortization Expense	20	20	21	20	21	21	21	20	20	34	30
Non-Cash Adjustments To Reconcile Net Income	378	545	81	-26	-36	-175	-114	55	191	-16	-225
Changes in Operating Assets and Liabilities, net	-116	-	51	42	-78	44	72	-85	-110	14	56
Net Cash From Investing Activities	-49	-108	596	706	42	370	-134	-629	199	-1,156	264
Net Cash From Continuing Investing Activities	-49	-108	596	706	42	370	-134	-629	199	-1,156	264
Purchase of Property, Plant & Equipment	-89	-52	-56	-69	-64	-205	-257	-406	-401	-393	-209
Sale and/or Maturity of Investments	34	-1,460	630	762	68	-206	-49	-22	277	-	514
Other Investing Activities, net	6.00	20	22	13	38	159	172	377	356	268	146
Net Cash From Financing Activities	1,217	-193	-779	-917	-113	-636	-369	754	-276	1,050	-498
Net Cash From Continuing Financing Activities	1,217	-193	-779	-917	-113	-636	-369	754	-276	1,050	-498
Repayment of Debt	-556	-30	-776	-525	-27	-1,192	-329	-12	-9.00	-949	-502
Payment of Dividends	-21	-287	-222	-373	-188	-569	-406	-373	-365	-168	-181
Issuance of Debt	1,754	155	175	-	24	978	315	1,006	63	1,413	-
Issuance of Common Equity	3.00	-	-	-	3.00	177	-	161	154	707	145
Other Financing Activities, net	37	-31	44	-19	75	-30	51	-28	-119	47	40
Cash Interest Paid	66	41	81	21	50	121	54	28	47	-	-
Cash Income Taxes Paid	-4.00	-9.00	-5.00	-9.00	-24	-	-2.00	1.00	0.00	-	-

This table presents Nextera Energy Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	20,292	22,511	23,052	18,976	12,562	12,256	9,405	8,425	8,661	7,227	4,337
Total Current Assets	860	2,216	1,862	1,410	414	433	340	398	367	354	486
Cash & Equivalents	283	274	226	147	108	128	147	154	150	164	106
Accounts Receivable	339	1,753	1,285	1,197	266	269	148	173	154	150	260
Inventories, net	108	82	49	41	24	20	-	-	-	-	-
Other Current Assets	130	107	302	25	16	16	45	46	30	24	34
Plant, Property, & Equipment, net	14,555	14,837	14,191	11,417	7,163	6,970	6,770	6,197	6,298	5,122	3,629
Total Noncurrent Assets	4,877	5,458	6,999	6,149	4,985	4,853	2,295	1,830	1,996	1,751	213
Long-Term Investments	1,784	1,853	1,875	1,896	1,814	1,653	214	229	310	168	19
Goodwill	253	833	812	891	609	609	584	628	628	622	0.00
Intangible Assets	1,817	1,987	2,010	2,768	2,182	2,282	1,261	668	678	696	0.00
Other Noncurrent Operating Assets	1,023	785	2,302	272	131	137	128	124	94	61	49
Total Liabilities & Shareholders' Equity	20,292	22,511	23,052	18,976	12,562	12,256	9,405	8,425	8,661	7,227	4,337
Total Liabilities	7,426	8,454	8,280	7,817	4,855	5,190	3,867	6,201	6,095	5,335	2,704
Total Current Liabilities	1,087	1,671	1,326	1,261	350	301	859	276	818	512	322
Short-Term Debt	705	1,348	38	33	12	12	707	99	277	113	86
Accounts Payable	224	159	954	1,086	209	180	55	71	458	320	192
Other Taxes Payable	32	43	23	25	22	21	19	12	-	-	-
Other Current Liabilities	80	83	262	91	82	48	47	55	58	51	21
Other Current Nonoperating Liabilities	46	38	49	26	25	40	31	39	25	28	23
Total Noncurrent Liabilities	6,339	6,783	6,954	6,556	4,505	4,889	3,008	5,925	5,277	4,823	2,382
Long-Term Debt	4,609	4,941	5,250	5,294	3,376	4,132	2,728	4,218	3,508	3,334	1,807
Asset Retirement Reserve & Litigation Obligation	366	331	299	243	144	139	95	81	78	41	30
Other Noncurrent Operating Liabilities	1,364	1,511	1,402	978	952	584	151	1,542	1,622	1,386	450
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,866	14,057	14,671	10,838	7,707	7,066	5,538	2,224	2,566	1,892	1,633
Total Preferred & Common Equity	3,215	3,569	3,325	2,977	2,354	2,183	2,346	2,190	1,743	929	548
Total Common Equity	3,215	3,569	3,325	2,977	2,354	2,183	2,346	2,190	1,743	929	548
Common Stock	3,221	3,576	3,332	2,985	2,362	2,191	2,352	2,189	1,746	935	551
Accumulated Other Comprehensive Income / (Loss)	-6.00	-7.00	-7.00	-8.00	-8.00	-8.00	-6.00	1.00	-3.00	-6.00	-3.00
Noncontrolling Interest	9,651	10,488	11,346	7,861	5,353	4,883	3,192	34	823	963	1,085

This table presents Nextera Energy Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	21,402	20,904	21,704	22,336	23,213	23,566	22,647	18,467
Total Current Assets	2,079	852	1,500	2,183	1,122	1,447	1,365	799
Cash & Equivalents	1,530	290	281	245	332	587	238	225
Accounts Receivable	327	315	969	1,709	534	624	930	385
Inventories, net	104	102	93	88	78	71	59	46
Other Current Assets	118	145	157	141	178	165	138	143
Plant, Property, & Equipment, net	14,783	14,614	14,643	14,732	15,693	15,829	15,176	11,443
Total Noncurrent Assets	4,540	5,438	5,561	5,421	6,398	6,290	6,106	6,225
Long-Term Investments	1,754	1,856	1,850	1,840	2,038	1,960	1,927	1,928
Goodwill	0.00	828	833	833	913	898	891	891
Intangible Assets	1,775	1,860	1,902	1,945	2,543	2,583	2,490	2,591
Other Noncurrent Operating Assets	1,011	894	976	803	672	590	556	628
Total Liabilities & Shareholders' Equity	21,402	20,904	21,704	22,336	23,213	23,566	22,647	18,467
Total Liabilities	8,848	7,300	7,839	8,358	8,803	8,933	8,068	5,878
Total Current Liabilities	1,125	422	1,150	1,604	1,840	1,184	983	419
Short-Term Debt	519	100	850	1,349	1,342	573	50	37
Accounts Payable	478	177	138	133	346	476	827	259
Other Taxes Payable	20	36	28	22	45	33	19	34
Other Current Liabilities	73	75	70	55	73	71	66	72
Other Current Nonoperating Liabilities	35	34	64	45	34	31	21	17
Total Noncurrent Liabilities	7,723	6,878	6,689	6,754	6,963	7,749	7,085	5,459
Long-Term Debt	5,986	5,074	4,924	4,942	5,139	5,918	5,295	4,774
Asset Retirement Reserve & Litigation Obligation	371	360	340	335	327	324	307	269
Other Noncurrent Operating Liabilities	1,366	1,444	1,425	1,477	1,497	1,507	1,428	377
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,554	13,604	13,865	13,978	14,410	14,528	14,476	12,563
Total Preferred & Common Equity	3,117	3,413	3,540	3,557	3,533	3,558	3,407	3,412
Total Common Equity	3,117	3,413	3,540	3,557	3,533	3,558	3,407	3,412
Common Stock	3,123	3,419	3,547	3,564	3,540	3,565	3,414	3,420
Accumulated Other Comprehensive Income / (Loss)	-6.00	-6.00	-7.00	-7.00	-7.00	-7.00	-7.00	-8.00
Noncontrolling Interest	9,437	10,191	10,325	10,421	10,877	10,970	11,069	9,151

This table displays calculated financial ratios and metrics derived from Nextera Energy Partners' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.10%	11.25%	34.21%	-21.27%	7.25%	10.89%	-4.46%	4.53%	54.09%	39.55%	100.56%
EBITDA Growth	-61.61%	-8.55%	35.60%	-20.51%	11.33%	-17.28%	24.86%	-24.03%	100.00%	31.39%	102.96%
EBIT Growth	-2,526.67%	-114.29%	10.53%	-62.75%	8.97%	-51.25%	49.53%	-33.81%	146.19%	12.57%	127.27%
NOPAT Growth	-1,539.29%	-151.95%	-32.84%	-68.28%	8.58%	-62.36%	242.29%	-51.85%	64.57%	-22.34%	299.95%
Net Income Growth	-288.53%	-80.55%	164.39%	278.15%	41.09%	-251.31%	134.21%	-70.24%	257.94%	10.31%	385.00%
EPS Growth	0.00%	0.00%	0.00%	0.00%	46.36%	-151.89%	346.61%	-162.11%	313.04%	187.50%	0.00%
Operating Cash Flow Growth	9.44%	-5.80%	14.62%	1.80%	92.20%	-4.42%	-12.35%	-0.48%	44.10%	58.24%	78.43%
Free Cash Flow Firm Growth	768.94%	92.33%	33.69%	-1,262.95%	167.75%	67.68%	-1,170.41%	73.28%	60.42%	-135.78%	73.55%
Invested Capital Growth	-11.49%	1.37%	24.13%	57.19%	-2.86%	9.52%	40.11%	4.88%	17.21%	50.30%	34.13%
Revenue Q/Q Growth	5.31%	23.91%	-17.60%	0.00%	0.00%	6.08%	-5.17%	-2.89%	9.82%	10.84%	0.00%
EBITDA Q/Q Growth	-67.31%	24.50%	-19.29%	-27.43%	2.11%	13.00%	-5.79%	-16.36%	21.42%	9.76%	0.00%
EBIT Q/Q Growth	-528.26%	87.90%	-65.00%	-68.65%	3.66%	10.90%	-6.98%	-21.90%	27.63%	6.49%	0.00%
NOPAT Q/Q Growth	-1,167.44%	81.21%	-81.58%	-75.80%	1.20%	5.91%	25.61%	-50.46%	9.48%	-26.53%	0.00%
Net Income Q/Q Growth	-360.13%	147.73%	5.36%	-31.94%	24.20%	33.11%	-18.35%	-70.69%	86.83%	-3.60%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	40.88%	36.82%	85.35%	-183.10%	69.64%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	14.94%	1.95%	-2.51%	0.30%	15.45%	0.29%	-6.94%	-7.81%	13.08%	25.76%	2.25%
Free Cash Flow Firm Q/Q Growth	-7.42%	92.09%	25.38%	-315.55%	-56.10%	72.34%	-170.88%	-380.80%	78.60%	0.00%	0.00%
Invested Capital Q/Q Growth	-3.04%	-1.61%	17.70%	38.76%	2.93%	-3.19%	19.44%	0.49%	-1.01%	73.60%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.02%	51.76%	45.61%	48.20%	60.41%	60.70%	66.67%	69.27%	72.15%	77.45%	77.99%
EBITDA Margin	19.35%	57.51%	69.97%	69.25%	68.59%	66.08%	88.59%	67.78%	93.26%	71.86%	76.32%
Operating Margin	-37.32%	-2.60%	4.54%	8.86%	27.59%	27.25%	57.46%	38.66%	39.12%	41.72%	49.03%
EBIT Margin	-32.03%	-1.39%	10.84%	13.16%	27.81%	27.37%	62.26%	39.78%	62.82%	39.32%	48.75%
Profit (Net Income) Margin	-33.41%	20.22%	115.69%	58.73%	-25.95%	-47.25%	34.63%	14.13%	49.61%	21.36%	27.02%
Tax Burden Percent	89.93%	-84.82%	99.20%	139.93%	92.61%	93.95%	97.80%	40.57%	87.05%	76.43%	116.87%
Interest Burden Percent	115.99%	1,713.33%	1,076.19%	318.95%	-100.78%	-183.76%	56.88%	87.54%	90.72%	71.07%	47.43%
Effective Tax Rate	0.00%	0.00%	14.25%	12.21%	0.00%	0.00%	2.20%	59.43%	12.95%	23.57%	-16.87%
Return on Invested Capital (ROIC)	-1.87%	-0.11%	0.23%	0.47%	1.89%	1.79%	5.83%	2.09%	4.80%	3.81%	7.03%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.26%	6.28%	33.11%	15.56%	-19.07%	-18.55%	1.15%	1.75%	8.51%	1.64%	0.83%
Return on Net Nonoperating Assets (RNNOA)	-1.19%	1.62%	8.41%	4.02%	-5.11%	-8.20%	1.05%	2.67%	12.38%	2.26%	1.24%
Return on Equity (ROE)	-3.05%	1.51%	8.65%	4.49%	-3.22%	-6.41%	6.88%	4.76%	17.18%	6.07%	8.27%
Cash Return on Invested Capital (CROIC)	10.32%	-1.46%	-21.30%	-44.00%	4.79%	-7.29%	-27.58%	-2.67%	-11.04%	-36.38%	-22.13%
Operating Return on Assets (OROA)	-1.84%	-0.07%	0.50%	0.60%	2.06%	2.16%	5.38%	3.76%	6.11%	3.41%	5.02%
Return on Assets (ROA)	-1.92%	0.96%	5.33%	2.69%	-1.92%	-3.73%	3.00%	1.33%	4.82%	1.85%	2.78%
Return on Common Equity (ROCE)	-0.77%	0.36%	2.10%	1.27%	-0.99%	-2.30%	4.02%	3.91%	10.30%	2.54%	4.44%
Return on Equity Simple (ROE_SIMPLE)	-12.78%	6.11%	33.71%	14.24%	-10.11%	-18.51%	11.38%	5.21%	21.97%	11.52%	17.70%
Net Operating Profit after Tax (NOPAT)	-321	-20	38	56	177	163	433	127	263	160	206
NOPAT Margin	-26.12%	-1.82%	3.89%	7.78%	19.31%	19.08%	56.20%	15.68%	34.05%	31.88%	57.29%
Net Nonoperating Expense Percent (NNEP)	2.39%	-6.39%	-32.88%	-15.09%	20.96%	20.34%	4.68%	0.34%	-3.70%	2.17%	6.20%
Return On Investment Capital (ROIC_SIMPLE)	-1.77%	-0.10%	0.19%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	40.98%	48.24%	54.39%	51.80%	39.59%	39.30%	33.33%	30.73%	27.85%	22.55%	22.01%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	96.34%	54.36%	41.07%	39.34%	32.82%	33.45%	9.21%	30.61%	33.03%	35.73%	28.97%
Earnings before Interest and Taxes (EBIT)	-394	-15	105	95	255	234	480	321	485	197	175
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	238	620	678	500	629	565	683	547	720	360	274
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.52	0.69	1.47	2.06	1.81	1.27	23.72	0.79	0.46	0.50	0.76
Price to Tangible Book Value (P/TBV)	1.45	3.29	9.73	0.00	0.00	0.00	111.05	1.95	1.83	0.00	0.76
Price to Revenue (P/Rev)	1.35	2.29	5.05	8.50	4.65	3.25	72.16	2.16	1.04	0.93	1.17
Price to Earnings (P/E)	0.00	12.34	10.27	44.78	0.00	0.00	333.16	0.00	9.63	46.41	139.55
Dividend Yield	20.20%	12.78%	5.28%	3.55%	4.02%	4.63%	5.14%	4.64%	7.11%	4.45%	0.84%
Earnings Yield	0.00%	8.10%	9.74%	2.23%	0.00%	0.00%	0.30%	0.00%	10.38%	2.15%	0.72%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.94	1.08	1.21	1.20	1.06	7.13	0.92	0.83	0.90	0.95
Enterprise Value to Revenue (EV/Rev)	11.84	15.88	20.16	24.38	12.09	11.73	80.29	7.04	6.37	9.03	8.88
Enterprise Value to EBITDA (EV/EBITDA)	61.19	27.61	28.81	35.20	17.63	17.75	90.63	10.39	6.83	12.57	11.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	186.00	185.27	43.48	42.86	128.97	17.71	10.13	22.98	18.23
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	517.62	313.26	62.61	61.49	142.88	44.90	18.69	28.33	15.51
Enterprise Value to Operating Cash Flow (EV/OCF)	18.20	23.42	25.17	26.00	16.67	28.99	171.00	13.76	11.84	15.72	17.53
Enterprise Value to Free Cash Flow (EV/FCFF)	8.20	0.00	0.00	0.00	24.69	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.45	0.36	0.48	0.44	0.59	0.62	1.94	1.48	1.82	1.16
Long-Term Debt to Equity	0.36	0.35	0.36	0.47	0.44	0.58	0.49	1.90	1.37	1.76	1.11
Financial Leverage	0.28	0.26	0.25	0.26	0.27	0.44	0.92	1.53	1.45	1.38	1.49
Leverage Ratio	1.59	1.58	1.62	1.67	1.68	1.72	2.30	3.57	3.56	3.28	2.97
Compound Leverage Factor	1.84	27.08	17.44	5.33	-1.69	-3.16	1.31	3.12	3.23	2.33	1.41
Debt to Total Capital	29.23%	30.91%	26.36%	32.31%	30.54%	36.97%	38.28%	66.00%	59.60%	64.56%	53.69%
Short-Term Debt to Total Capital	3.88%	6.63%	0.19%	0.20%	0.11%	0.11%	7.88%	1.51%	4.36%	2.12%	2.44%
Long-Term Debt to Total Capital	25.35%	24.28%	26.17%	32.11%	30.43%	36.86%	30.40%	64.49%	55.24%	62.45%	51.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	53.09%	51.55%	57.06%	49.63%	48.25%	43.56%	35.57%	0.52%	12.96%	18.04%	30.77%
Common Equity to Total Capital	17.68%	17.54%	16.58%	18.06%	21.22%	19.47%	26.15%	33.48%	27.44%	17.40%	15.54%
Debt to EBITDA	22.33	10.14	7.80	10.65	5.39	7.33	5.03	7.89	5.26	9.58	6.91
Net Debt to EBITDA	13.64	6.71	4.70	6.57	2.33	4.18	4.50	7.15	4.57	8.61	6.15
Long-Term Debt to EBITDA	19.37	7.97	7.74	10.59	5.37	7.31	3.99	7.71	4.87	9.26	6.59
Debt to NOPAT	-16.54	-320.87	140.15	94.81	19.13	25.41	7.93	34.11	14.40	21.58	9.20
Net Debt to NOPAT	-10.11	-212.35	84.47	58.45	8.28	14.49	7.10	30.88	12.52	19.40	8.20
Long-Term Debt to NOPAT	-14.34	-252.09	139.14	94.22	19.06	25.33	6.30	33.32	13.34	20.87	8.79
Altman Z-Score	0.12	0.25	0.44	0.53	0.67	0.47	8.82	0.41	0.29	0.19	0.35
Noncontrolling Interest Sharing Ratio	74.80%	76.09%	75.70%	71.74%	69.29%	64.07%	41.56%	17.89%	40.06%	58.10%	46.25%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	1.33	1.40	1.12	1.18	1.44	0.40	1.44	0.45	0.69	1.51
Quick Ratio	0.57	1.21	1.14	1.07	1.07	1.32	0.34	1.18	0.37	0.61	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,777	-266	-3,463	-5,223	449	-663	-2,051	-161	-604	-1,526	-647
Operating Cash Flow to CapEx	331.95%	57.60%	57.44%	599.12%	199.10%	372.04%	1,448.00%	118.34%	48.20%	143.28%	25.49%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-8.27	-2.02	-7.11	-16.41	-6.47
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.46	5.16	4.88	3.10	1.82
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.36	0.80	-5.25	0.94	-5.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.05	0.05	0.05	0.07	0.08	0.09	0.09	0.10	0.09	0.10
Accounts Receivable Turnover	1.18	0.71	0.78	0.99	3.43	4.10	4.80	4.94	5.08	2.44	1.55
Inventory Turnover	5.31	7.94	11.71	11.51	16.50	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.08	0.07	0.08	0.08	0.13	0.12	0.12	0.13	0.14	0.11	0.13
Accounts Payable Turnover	2.63	0.93	0.52	0.58	1.87	2.86	4.08	0.94	0.55	0.44	0.63
Days Sales Outstanding (DSO)	310.40	514.32	467.46	369.80	106.47	89.01	75.98	73.95	71.87	149.35	235.37
Days Inventory Outstanding (DIO)	68.80	45.98	31.17	31.72	22.12	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	138.69	390.62	706.45	631.92	195.57	127.64	89.47	389.28	660.40	826.90	577.53
Cash Conversion Cycle (CCC)	240.51	169.67	-207.83	-230.40	-66.98	-38.63	-13.49	-315.33	-588.53	-677.55	-342.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,159	18,257	18,011	14,510	9,231	9,503	8,677	6,193	5,905	5,038	3,352
Invested Capital Turnover	0.07	0.06	0.06	0.06	0.10	0.09	0.10	0.13	0.14	0.12	0.12
Increase / (Decrease) in Invested Capital	-2,098	246	3,501	5,279	-272	826	2,484	288	867	1,686	853
Enterprise Value (EV)	14,563	17,118	19,530	17,600	11,087	10,029	61,903	5,684	4,914	4,526	3,190
Market Capitalization	1,665	2,468	4,896	6,134	4,268	2,783	55,637	1,741	799	464	419
Book Value per Share	$34.37	$38.20	$38.42	$38.85	$32.25	$35.89	$41.88	$40.37	$32.14	$31.31	$29.32
Tangible Book Value per Share	$12.24	$8.02	$5.81	($8.90)	($5.99)	($11.64)	$8.94	$16.48	$8.06	($13.11)	$29.32
Total Capital	18,180	20,346	20,060	16,486	11,095	11,210	8,973	6,541	6,351	5,339	3,526
Total Debt	5,314	6,289	5,288	5,327	3,388	4,144	3,435	4,317	3,785	3,447	1,893
Total Long-Term Debt	4,609	4,941	5,250	5,294	3,376	4,132	2,728	4,218	3,508	3,334	1,807
Net Debt	3,247	4,162	3,187	3,284	1,466	2,363	3,074	3,909	3,292	3,099	1,686
Capital Expenditures (CapEx)	241	1,269	1,351	113	334	93	25	349	861	201	714
Debt-free, Cash-free Net Working Capital (DFCFNWC)	195	1,619	348	35	-32	16	41	42	-357	-225	62
Debt-free Net Working Capital (DFNWC)	478	1,893	574	182	76	144	188	221	-174	-45	250
Net Working Capital (NWC)	-227	545	536	149	64	132	-519	122	-451	-158	164
Net Nonoperating Expense (NNE)	90	-238	-1,083	-368	415	567	166	13	-120	53	109
Net Nonoperating Obligations (NNO)	3,293	4,200	3,239	3,351	1,524	2,437	3,139	3,969	3,339	3,146	1,719
Total Depreciation and Amortization (D&A)	632	635	573	405	374	331	203	226	235	163	99
Debt-free, Cash-free Net Working Capital to Revenue	15.85%	150.19%	35.91%	4.85%	-3.49%	1.87%	5.32%	5.20%	-46.24%	-44.91%	17.27%
Debt-free Net Working Capital to Revenue	38.86%	175.60%	59.24%	25.21%	8.29%	16.84%	24.38%	27.39%	-22.54%	-8.98%	69.64%
Net Working Capital to Revenue	-18.46%	50.56%	55.31%	20.64%	6.98%	15.44%	-67.32%	15.12%	-58.42%	-31.54%	45.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	$2.18	$5.62	$1.77	($0.81)	($1.51)	$0.00	($1.20)	$1.88	$0.00	$0.16
Adjusted Weighted Average Basic Shares Outstanding	93.53M	93.43M	86.54M	83.87M	75.87M	65.50M	54.90M	54.25M	54.24M	30.71M	18.69M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$5.62	$1.77	($0.81)	($1.51)	$2.91	($1.20)	$1.88	$0.00	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	93.53M	93.43M	86.54M	83.87M	75.87M	65.50M	74.60M	54.25M	54.24M	30.71M	18.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($1.51)	$0.00	($1.20)	$1.88	$0.00	$0.16
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.53M	93.43M	86.54M	83.87M	75.87M	65.50M	56.09M	54.20M	43.80M	22.80M	18.70M
Normalized Net Operating Profit after Tax (NOPAT)	72	-20	6.86	61	179	163	433	218	263	160	123
Normalized NOPAT Margin	5.86%	-1.82%	0.71%	8.39%	19.47%	19.08%	56.20%	27.06%	34.05%	31.88%	34.32%
Pre Tax Income Margin	-37.15%	-23.84%	116.62%	41.97%	-28.03%	-50.29%	35.41%	34.82%	56.99%	27.94%	23.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.94	4.01	5.71	2.12	1.75
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.75	1.58	3.09	1.72	2.06
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.83	-0.35	-4.42	-0.04	-5.39
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.65	-2.78	-7.04	-0.44	-5.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-260.34%	785.78%	56.74%	208.49%	-188.66%	-94.80%	113.48%	269.30%	178.07%	1,048.60%	1,007.22%
Augmented Payout Ratio	-260.34%	785.78%	56.74%	208.49%	-188.66%	-94.80%	113.48%	269.30%	178.07%	1,048.60%	1,007.22%

This table displays calculated financial ratios and metrics derived from Nextera Energy Partners' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.73%	26.72%	3.57%	22.87%	4.90%	866.67%	1.99%	-19.06%	-12.81%	182.76%	19.84%
EBITDA Growth	-145.68%	-490.00%	4.21%	25.26%	44.64%	554.55%	2.88%	-34.46%	-42.86%	26.67%	16.85%
EBIT Growth	-4,700.00%	-783.87%	33.33%	117.95%	112.50%	63.74%	-31.43%	-74.34%	-174.07%	-17.12%	-9.09%
NOPAT Growth	-388.19%	-984.31%	37.20%	139.62%	-36.36%	70.35%	-39.08%	-82.45%	-182.88%	-16.22%	-31.78%
Net Income Growth	-1,037.14%	-384.46%	-162.88%	-34.83%	123.18%	722.22%	-43.10%	-83.46%	-145.35%	146.15%	146.81%
EPS Growth	-240.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	287.50%
Operating Cash Flow Growth	15.38%	58.10%	-18.75%	7.94%	-4.88%	8.48%	26.73%	-25.95%	-31.67%	-10.81%	9.78%
Free Cash Flow Firm Growth	627.81%	707.35%	159.60%	132.58%	86.13%	92.22%	32.84%	27.74%	37.87%	32.72%	-236.28%
Invested Capital Growth	-13.27%	-11.49%	-10.18%	-5.57%	2.21%	1.37%	21.25%	21.95%	20.69%	24.13%	46.34%
Revenue Q/Q Growth	-4.08%	-7.84%	-11.39%	40.08%	328.33%	-24.68%	5.12%	19.59%	920.83%	-92.05%	-16.57%
EBITDA Q/Q Growth	81.03%	-274.89%	-8.23%	50.00%	1,112.50%	-53.27%	10.31%	73.21%	609.09%	-110.58%	-29.73%
EBIT Q/Q Growth	58.03%	-956.25%	-24.71%	1,600.00%	102.81%	-229.17%	23.08%	197.50%	76.61%	-344.29%	-53.95%
NOPAT Q/Q Growth	57.87%	-1,228.57%	-29.21%	245.04%	71.59%	-242.80%	23.63%	182.54%	79.65%	-393.37%	-64.38%
Net Income Q/Q Growth	22.09%	-407.23%	-243.10%	65.71%	-76.35%	12.12%	48.31%	158.94%	-938.89%	-92.24%	-56.88%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-64.37%
Operating Cash Flow Q/Q Growth	-68.20%	36.06%	-9.96%	196.15%	-56.42%	-30.08%	19.63%	160.98%	-50.30%	-18.32%	-30.10%
Free Cash Flow Firm Q/Q Growth	31.85%	-11.04%	77.35%	353.73%	-17.55%	91.27%	3.06%	-7.99%	14.88%	24.63%	-4.30%
Invested Capital Q/Q Growth	-2.16%	-3.04%	-5.16%	-3.60%	-0.15%	-1.61%	-0.28%	4.33%	-0.98%	17.70%	0.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.99%	61.22%	59.87%	61.39%	52.14%	43.97%	60.71%	58.02%	40.41%	-354.17%	49.34%
EBITDA Margin	-26.24%	-132.65%	69.91%	67.50%	63.04%	43.10%	69.48%	66.21%	45.71%	-91.67%	68.87%
Operating Margin	-82.62%	-188.10%	15.36%	18.33%	-8.17%	-21.98%	10.39%	8.87%	-14.29%	-716.67%	16.23%
EBIT Margin	-81.56%	-186.39%	20.06%	23.61%	1.95%	-26.72%	15.58%	13.31%	-16.33%	-712.50%	23.18%
Profit (Net Income) Margin	-116.31%	-143.20%	-26.02%	16.11%	13.62%	63.79%	42.86%	30.38%	-61.63%	75.00%	76.82%
Tax Burden Percent	87.94%	83.37%	156.60%	73.42%	159.09%	-61.92%	103.13%	123.61%	69.27%	-11.92%	83.75%
Interest Burden Percent	162.17%	92.15%	-82.81%	92.94%	440.00%	385.48%	266.67%	184.62%	545.00%	88.30%	395.71%
Effective Tax Rate	0.00%	0.00%	0.00%	26.58%	-59.09%	0.00%	21.88%	22.22%	0.00%	0.00%	16.25%
Return on Invested Capital (ROIC)	-4.26%	-9.41%	0.71%	0.86%	-0.79%	-0.91%	0.42%	0.35%	-0.57%	-29.90%	1.24%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.66%	-10.32%	-2.54%	1.11%	1.04%	4.02%	3.54%	2.27%	-4.37%	-25.70%	9.25%
Return on Net Nonoperating Assets (RNNOA)	-2.45%	-2.87%	-0.65%	0.30%	0.27%	1.04%	0.90%	0.61%	-1.12%	-6.53%	2.10%
Return on Equity (ROE)	-6.71%	-12.28%	0.06%	1.16%	-0.51%	0.12%	1.32%	0.96%	-1.69%	-36.43%	3.34%
Cash Return on Invested Capital (CROIC)	11.45%	10.32%	10.90%	5.83%	-2.24%	-1.46%	-19.83%	-20.32%	-18.89%	-21.30%	-36.03%
Operating Return on Assets (OROA)	-4.68%	-10.71%	1.06%	1.21%	0.09%	-1.26%	0.65%	0.55%	-0.74%	-32.85%	1.71%
Return on Assets (ROA)	-6.67%	-8.23%	-1.38%	0.82%	0.66%	3.02%	1.79%	1.24%	-2.79%	3.46%	5.66%
Return on Common Equity (ROCE)	-1.69%	-3.09%	0.01%	0.29%	-0.13%	0.03%	0.34%	0.24%	-0.42%	-8.85%	0.91%
Return on Equity Simple (ROE_SIMPLE)	-24.83%	0.00%	4.63%	10.54%	11.36%	0.00%	2.49%	5.28%	18.70%	0.00%	31.18%
Net Operating Profit after Tax (NOPAT)	-163	-387	34	48	-33	-36	25	20	-25	-120	41
NOPAT Margin	-57.84%	-131.67%	10.75%	13.46%	-13.00%	-15.39%	8.12%	6.90%	-10.00%	-501.67%	13.59%
Net Nonoperating Expense Percent (NNEP)	4.39%	0.90%	3.26%	-0.25%	-1.82%	-4.94%	-3.12%	-1.92%	3.80%	-4.20%	-8.01%
Return On Investment Capital (ROIC_SIMPLE)	-0.86%	-2.13%	-	-	-	-0.18%	-	-	-	-0.60%	-
Cost of Revenue to Revenue	39.01%	38.78%	40.13%	38.61%	47.86%	56.03%	39.29%	41.98%	59.59%	454.17%	50.66%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	143.62%	249.32%	44.51%	43.06%	60.31%	65.95%	50.32%	49.15%	54.69%	362.50%	33.11%
Earnings before Interest and Taxes (EBIT)	-230	-548	64	85	5.00	-62	48	39	-40	-171	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-74	-390	223	243	162	100	214	194	112	-22	208
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.29	0.52	0.76	0.73	0.79	0.69	0.69	1.39	1.45	1.47	1.64
Price to Tangible Book Value (P/TBV)	0.67	1.45	3.56	3.21	3.61	3.29	31.78	64.04	189.53	9.73	0.00
Price to Revenue (P/Rev)	0.71	1.35	2.21	2.23	2.58	2.29	2.81	5.71	5.28	5.05	4.75
Price to Earnings (P/E)	0.00	0.00	12.66	8.71	9.91	12.34	19.89	33.10	15.45	10.27	12.90
Dividend Yield	0.00%	20.20%	12.83%	12.64%	11.45%	12.78%	12.59%	6.07%	5.58%	5.28%	4.47%
Earnings Yield	0.00%	0.00%	7.90%	11.49%	10.09%	8.10%	5.03%	3.02%	6.47%	9.74%	7.75%
Enterprise Value to Invested Capital (EV/IC)	0.86	0.90	0.95	0.94	0.96	0.94	0.94	1.07	1.08	1.08	1.14
Enterprise Value to Revenue (EV/Rev)	10.80	11.84	13.53	14.31	16.00	15.88	20.04	23.09	20.66	20.16	14.82
Enterprise Value to EBITDA (EV/EBITDA)	6,775.50	61.19	21.71	23.02	26.03	27.61	35.01	40.55	32.46	28.81	20.74
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	171.77	217.81	581.36	0.00	0.00	0.00	1,752.71	186.00	58.07
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	525.00	909.53	0.00	0.00	0.00	0.00	0.00	517.62	85.04
Enterprise Value to Operating Cash Flow (EV/OCF)	16.69	18.20	22.70	22.25	23.99	23.42	24.32	30.09	26.12	25.17	21.89
Enterprise Value to Free Cash Flow (EV/FCFF)	6.95	8.20	8.23	15.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.41	0.38	0.42	0.45	0.45	0.45	0.44	0.37	0.36	0.38
Long-Term Debt to Equity	0.48	0.36	0.37	0.36	0.35	0.35	0.36	0.40	0.36	0.36	0.38
Financial Leverage	0.28	0.28	0.26	0.27	0.26	0.26	0.25	0.27	0.26	0.25	0.23
Leverage Ratio	1.65	1.59	1.57	1.59	1.58	1.58	1.54	1.58	1.59	1.62	1.52
Compound Leverage Factor	2.67	1.47	-1.30	1.48	6.93	6.09	4.12	2.92	8.66	1.43	6.02
Debt to Total Capital	34.13%	29.23%	27.55%	29.40%	31.04%	30.91%	31.02%	30.73%	26.83%	26.36%	27.65%
Short-Term Debt to Total Capital	2.72%	3.88%	0.53%	4.33%	6.66%	6.63%	6.42%	2.71%	0.25%	0.19%	0.21%
Long-Term Debt to Total Capital	31.41%	25.35%	27.02%	25.07%	24.38%	24.28%	24.60%	28.02%	26.58%	26.17%	27.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	49.51%	53.09%	54.27%	52.57%	51.41%	51.55%	52.07%	52.43%	56.07%	57.06%	52.74%
Common Equity to Total Capital	16.35%	17.68%	18.18%	18.03%	17.55%	17.54%	16.91%	16.84%	17.10%	16.58%	19.61%
Debt to EBITDA	3,252.50	22.33	7.11	8.03	9.39	10.14	13.01	13.19	9.00	7.80	5.73
Net Debt to EBITDA	1,610.50	13.64	4.16	5.07	6.28	6.71	8.26	8.02	5.35	4.70	3.16
Long-Term Debt to EBITDA	2,993.00	19.37	6.97	6.85	7.38	7.97	10.32	12.03	8.91	7.74	5.68
Debt to NOPAT	-13.85	-16.54	171.89	317.25	-641.94	-320.87	-62.14	-70.25	-249.12	140.15	23.48
Net Debt to NOPAT	-6.86	-10.11	100.60	200.16	-429.18	-212.35	-39.42	-42.68	-148.21	84.47	12.97
Long-Term Debt to NOPAT	-12.74	-14.34	168.57	270.55	-504.29	-252.09	-49.27	-64.05	-246.79	139.14	23.30
Altman Z-Score	0.14	0.09	0.30	0.28	0.28	0.24	0.17	0.39	0.42	0.40	0.67
Noncontrolling Interest Sharing Ratio	74.85%	74.80%	75.21%	75.09%	75.61%	76.09%	74.28%	74.62%	75.08%	75.70%	72.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.85	0.79	2.02	1.30	1.36	1.33	0.61	1.22	1.39	1.40	1.91
Quick Ratio	1.65	0.57	1.43	1.09	1.22	1.21	0.47	1.02	1.19	1.14	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,256	1,711	1,923	1,084	-427	-282	-3,227	-3,329	-3,083	-3,621	-4,805
Operating Cash Flow to CapEx	101.12%	544.23%	371.43%	334.78%	121.88%	87.32%	99.61%	52.71%	20.45%	41.98%	96.65%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.06	0.05	0.05	0.05	0.05	0.04	0.04	0.05	0.05	0.07
Accounts Receivable Turnover	1.23	1.18	2.75	1.45	0.83	0.71	1.89	1.04	1.04	0.78	2.84
Inventory Turnover	5.11	5.31	5.78	6.26	6.76	7.94	8.05	9.16	10.56	11.71	13.69
Fixed Asset Turnover	0.09	0.08	0.08	0.08	0.07	0.07	0.06	0.06	0.07	0.08	0.13
Accounts Payable Turnover	1.61	2.63	1.99	1.67	1.04	0.93	1.65	1.16	0.73	0.52	3.24
Days Sales Outstanding (DSO)	296.07	310.40	132.66	251.27	441.85	514.32	192.78	352.12	351.11	467.46	128.65
Days Inventory Outstanding (DIO)	71.36	68.80	63.17	58.34	53.98	45.98	45.35	39.87	34.55	31.17	26.66
Days Payable Outstanding (DPO)	227.10	138.69	183.55	218.43	352.52	390.62	221.27	314.48	502.88	706.45	112.78
Cash Conversion Cycle (CCC)	140.33	240.51	12.28	91.19	143.31	169.67	16.86	77.51	-117.22	-207.83	42.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,810	16,159	16,666	17,572	18,229	18,257	18,555	18,608	17,835	18,011	15,303
Invested Capital Turnover	0.07	0.07	0.07	0.06	0.06	0.06	0.05	0.05	0.06	0.06	0.09
Increase / (Decrease) in Invested Capital	-2,419	-2,098	-1,889	-1,036	394	246	3,252	3,349	3,058	3,501	4,846
Enterprise Value (EV)	13,551	14,563	15,802	16,553	17,441	17,118	17,435	19,950	19,280	19,530	17,422
Market Capitalization	893	1,665	2,583	2,585	2,814	2,468	2,447	4,931	4,928	4,896	5,587
Book Value per Share	$33.32	$34.37	$36.49	$37.85	$38.03	$38.20	$37.81	$40.02	$39.37	$38.42	$40.66
Tangible Book Value per Share	$14.35	$12.24	$7.75	$8.61	$8.33	$8.02	$0.82	$0.87	$0.30	$5.81	($0.83)
Total Capital	19,059	18,180	18,778	19,639	20,269	20,346	20,891	21,124	19,924	20,060	17,400
Total Debt	6,505	5,314	5,174	5,774	6,291	6,289	6,481	6,491	5,345	5,288	4,811
Total Long-Term Debt	5,986	4,609	5,074	4,924	4,942	4,941	5,139	5,918	5,295	5,250	4,774
Net Debt	3,221	3,247	3,028	3,643	4,206	4,162	4,111	3,944	3,180	3,187	2,658
Capital Expenditures (CapEx)	89	52	56	69	64	205	257	406	401	393	209
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-57	195	240	919	1,683	1,619	292	249	194	348	192
Debt-free Net Working Capital (DFNWC)	1,473	478	530	1,200	1,928	1,893	624	836	432	574	417
Net Working Capital (NWC)	954	-227	430	350	579	545	-718	263	382	536	380
Net Nonoperating Expense (NNE)	165	34	117	-9.54	-68	-184	-107	-69	127	-138	-191
Net Nonoperating Obligations (NNO)	3,256	3,293	3,062	3,707	4,251	4,200	4,145	3,975	3,256	3,239	2,714
Total Depreciation and Amortization (D&A)	156	158	159	158	157	162	166	155	152	149	138
Debt-free, Cash-free Net Working Capital to Revenue	-4.54%	15.85%	20.55%	79.43%	154.40%	150.19%	33.56%	28.82%	20.79%	35.91%	16.33%
Debt-free Net Working Capital to Revenue	117.37%	38.86%	45.38%	103.72%	176.88%	175.60%	71.72%	96.76%	46.30%	59.24%	35.46%
Net Working Capital to Revenue	76.02%	-18.46%	36.82%	30.25%	53.12%	50.56%	-82.53%	30.44%	40.94%	55.31%	32.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.05)	($1.23)	($0.43)	$0.66	$0.75	$1.25	$0.57	$0.53	($0.17)	$0.36	$0.93
Adjusted Weighted Average Basic Shares Outstanding	94.00M	93.53M	93.53M	93.54M	93.54M	93.43M	93.43M	93.43M	88.90M	86.54M	86.54M
Adjusted Diluted Earnings per Share	($1.05)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.57	$0.53	($0.17)	$0.00	$0.93
Adjusted Weighted Average Diluted Shares Outstanding	94.00M	93.53M	93.53M	93.54M	93.54M	93.43M	93.43M	93.43M	88.90M	86.54M	86.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	94.00M	93.53M	93.53M	93.54M	93.54M	93.43M	93.43M	93.43M	88.90M	86.54M	86.54M
Normalized Net Operating Profit after Tax (NOPAT)	14	-387	25	48	-15	-36	25	20	-25	-120	34
Normalized NOPAT Margin	4.96%	-131.67%	7.68%	13.46%	-5.72%	-15.39%	8.12%	6.90%	-10.00%	-501.67%	11.37%
Pre Tax Income Margin	-132.27%	-171.77%	-16.61%	21.94%	8.56%	-103.02%	41.56%	24.57%	-88.98%	-629.17%	91.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-116.67%	-260.34%	855.70%	411.80%	380.20%	785.78%	1,490.91%	578.19%	135.64%	56.74%	90.70%
Augmented Payout Ratio	-116.67%	-260.34%	855.70%	411.80%	380.20%	785.78%	1,490.91%	578.19%	135.64%	56.74%	90.70%

Frequently Asked Questions About Nextera Energy Partners' Financials

When does Nextera Energy Partners's fiscal year end?

According to the most recent income statement we have on file, Nextera Energy Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Nextera Energy Partners' net income changed over the last 10 years?

Over the last 10 years, Nextera Energy Partners' net income changed from $97 million in 2014 to -$411 million in 2024, a change of -523.7%. Find out what analysts predict for Nextera Energy Partners in the coming months.

What is Nextera Energy Partners's operating income?

Nextera Energy Partners's total operating income in 2024 was -$459 million, based on the following breakdown:

Total Gross Profit: $726 million
Total Operating Expenses: $1.19 billion

How has Nextera Energy Partners revenue changed over the last 10 years?

Over the last 10 years, Nextera Energy Partners' total revenue changed from $359 million in 2014 to $1.23 billion in 2024, a change of 242.6%.

How much debt does Nextera Energy Partners have?

Nextera Energy Partners' total liabilities were at $7.43 billion at the end of 2024, a 12.2% decrease from 2023, and a 174.6% increase since 2014.

How much cash does Nextera Energy Partners have?

In the past 10 years, Nextera Energy Partners' cash and equivalents has ranged from $106 million in 2014 to $283 million in 2024, and is currently $283 million as of their latest financial filing in 2024.

How has Nextera Energy Partners' book value per share changed over the last 10 years?

Over the last 10 years, Nextera Energy Partners' book value per share changed from 29.32 in 2014 to 34.37 in 2024, a change of 17.2%.

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This page (NYSE:NEP) was last updated on 5/21/2025 by MarketBeat.com Staff

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Nextera Energy Partners (NEP) Financials

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Nextera Energy Partners (NEP) Financials

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