NextEra Energy Partners LP (NEP) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $112 million, or $1.20 per share. This compares with $35 million, or $0.40 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.7% to $232 million from $204 million last year.
NextEra Energy Partners LP earnings at a glance (GAAP) :
-Earnings (Q4): $112 Mln. vs. $35 Mln. last year.
-EPS (Q4): $1.20 vs. $0.40 last year.
-Analyst Estimate: $0.16
-Revenue (Q4): $232 Mln vs. $204 Mln last year.
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