NextEra Energy Partners: 2Q Earnings Snapshot
JUNO BEACH, Fla. (AP) _ NextEra Energy Partners LP (NEP) on Wednesday reported a second-quarter loss of $22 million, after reporting a profit in the same period a year earlier.
The Juno Beach, Florida-based company said it had a loss of 49 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The limited partnership for clean-energy projects posted revenue of $219 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $292.2 million.
NextEra Energy Partners shares have risen 17% since the beginning of the year. The stock has increased 11% in the last 12 months.