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NextEra Energy Partners LP Q1 Profit Rises 140%

NextEra Energy Partners LP (NEP) announced earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line rose to $12 million, or $0.22 per share. This was higher than $5 million, or $0.14 per share, in last year's first quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $175 million. This was up from $171 million last year.

NextEra Energy Partners LP earnings at a glance:

-Earnings (Q1): $12 Mln. vs. $5 Mln. last year.
-Earnings Growth (Y-o-Y): 140.0%
-EPS (Q1): $0.22 vs. $0.14 last year.
-EPS Growth (Y-o-Y): 57.1%
-Analysts Estimate: $0.40
-Revenue (Q1): $175 Mln vs. $171 Mln last year.
-Revenue Change (Y-o-Y): 2.3%

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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