NextEra Energy Partners: 3Q Earnings Snapshot
JUNO BEACH, Fla. (AP) _ NextEra Energy Partners LP (NEP) on Tuesday reported a third-quarter loss of $74 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Juno Beach, Florida-based company said it had a loss of $1.21.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The limited partnership for clean-energy projects posted revenue of $253 million in the period.
NextEra Energy Partners shares have increased 19% since the beginning of the year. The stock has risen slightly more than 8% in the last 12 months.