Headline: NextEra Energy Partners Misses Q3 Forecasts, Yet Shares Edge Up Slightly

NEW YORK - NextEra Energy Partners, LP (NYSE:NEP) announced third-quarter earnings that fell short of analysts' expectations and also failed to meet revenue forecasts. Despite the disappointing results, the stock rose 1% following the announcement. The renewable energy company reported an adjusted loss of $0.43 per share, significantly below the expected earnings of $0.59 per share. Quarterly revenue came in at $319 million, missing the analyst estimate of $328.04 million, and also representing a decline compared to the same period last year. Despite missing earnings expectations, NextEra Energy Partners maintained its adjusted EBITDA outlook. The company continues to project adjusted EBITDA contributions from its anticipated portfolio as of December 31, 2024, to range between $1.9 billion and $2.1 billion. This projection reflects the anticipated portfolio as of the end of 2024 and its contributions to the 2025 calendar year.