NextEra Energy Partners posts 1Q profit

Associated Press |

JUNO BEACH, Fla. (AP) _ NextEra Energy Partners LP (NEP) on Friday reported first-quarter net income of $12 million.

On a per-share basis, the Juno Beach, Florida-based company said it had profit of 22 cents.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.



The limited partnership for clean-energy projects posted revenue of $175 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $232.1 million.

NextEra Energy Partners shares have climbed 26 percent since the beginning of the year. The stock has risen 23 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEP at https://www.zacks.com/ap/NEP

Keywords: NextEra Energy Partners, Earnings Report

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