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NextEra Energy Partners: 3Q Earnings Snapshot

October 22, 2019 GMT

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.

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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