U.S. markets open in 1 hour 6 minutes

  • S&P Futures

    4,122.75
    -3.75 (-0.09%)
     

  • Dow Futures

    33,689.00
    -14.00 (-0.04%)
     

  • Nasdaq Futures

    13,754.50
    -39.75 (-0.29%)
     

  • Russell 2000 Futures

    2,187.90
    +3.90 (+0.18%)
     

  • Crude Oil

    61.23
    -1.44 (-2.30%)
     

  • Gold

    1,783.90
    +5.50 (+0.31%)
     

  • Silver

    26.11
    +0.27 (+1.04%)
     

  • EUR/USD

    1.2012
    -0.0029 (-0.24%)
     

  • 10-Yr Bond

    1.5620
    0.0000 (0.00%)
     

  • Vix

    18.45
    +1.16 (+6.71%)
     

  • GBP/USD

    1.3923
    -0.0014 (-0.10%)
     

  • USD/JPY

    108.0650
    -0.0050 (-0.00%)
     

  • BTC-USD

    54,973.24
    -911.97 (-1.63%)
     

  • CMC Crypto 200

    1,257.97
    +23.55 (+1.91%)
     

  • FTSE 100

    6,878.55
    +18.68 (+0.27%)
     

  • Nikkei 225

    28,508.55
    -591.83 (-2.03%)
     

NextEra Energy Partners, LP first-quarter 2021 financial results available on partnership's website

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

JUNO BEACH, Fla., April 21, 2021 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its first-quarter 2021 financial results in a news release available on the partnership's website by accessing the following link: www.NextEraEnergyPartners.com/FinancialResults.

(PRNewsfoto/NextEra Energy Partners, LP)
(PRNewsfoto/NextEra Energy Partners, LP)

Jim Robo, chairman and chief executive officer of NextEra Energy Partners, Rebecca Kujawa, chief financial officer of NextEra Energy Partners, and other members of the senior management team will discuss the first-quarter 2021 financial results during an investor presentation to be webcast live, beginning at 9 a.m. ET today. The listen-only webcast will be available on NextEra Energy Partners' website by accessing the following link: www.NextEraEnergyPartners.com/FinancialResults. Results for NextEra Energy, Inc. (NYSE: NEE) also will be discussed during the same investor presentation. A replay will be available for 90 days by accessing the same link as listed above.

NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in geographically diverse wind and solar projects in the U.S. as well as natural gas infrastructure assets in Texas and Pennsylvania. For more information about NextEra Energy Partners, please visit: www.NextEraEnergyPartners.com.

Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/nextera-energy-partners-lp-first-quarter-2021-financial-results-available-on-partnerships-website-301273667.html

SOURCE NextEra Energy Partners, LP

Recommended Stories

  • Why Brookfield Renewable Partners Stock Dropped Monday

    Shares of Brookfield Renewable Partners (NYSE: BEP) (NYSE: BEPC) dropped as much as 5% Monday, and remained down over 4% as of 3:25 p.m. EDT. Several names in the renewable energy sector were in the red today, but there was also some news regarding Brookfield Renewable's assets. It was announced today that Brookfield sold an approximately 400 megawatt (MW) portfolio of wind-powered generating assets to NextEra Energy Partners (NYSE: NEP).

  • Shell to trial use of hydrogen fuel cells for ships in Singapore

    Royal Dutch Shell said on Wednesday it was conducting a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the oil major. If successful, the trial will pave the way for cleaner, hydrogen-powered shipping, the company said, adding that its analysis points to hydrogen with fuel cells as the zero-emissions technology having the greatest potential to help the shipping sector achieve net-zero emissions by 2050. The trial will involve the development and installation of an auxiliary power unit fuel cell on an existing roll-on/roll-off vessel that transports goods, vehicles and equipment on lorries between Singapore and Shell's Pulau Bukom manufacturing site located on an island near the mainland.

  • Exclusive: Fed will limit any overshoot of inflation target, Powell says

    The U.S. economy is going to temporarily see "a little higher" inflation this year as the recovery strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is committed to limiting any overshoot, Fed Chair Jerome Powell said in an April 8 letter to Senator Rick Scott. "We do not seek inflation that substantially exceeds 2 percent, nor do we seek inflation above 2 percent for a prolonged period," Powell said in a five-page response to a March 24 letter in which the Florida Republican raised concerns about rising inflation and the U.S. central bank's bond-buying program. Those modifiers - "substantially" exceeding 2% inflation or above that level for a "prolonged" period - help to more sharply define the upper bounds of the Fed's comfort zone as prices rise.

  • Is Pfizer Stock A Buy As The Company Bolsters Its Covid Vaccine Supply?

    Pfizer stock took a hit in early February on a disappointing fourth-quarter report, though the company called for $15 billion in full-year Covid vaccine sales. So, is Pfizer stock a buy now?

  • Netflix Plunges After Pandemic Boom Shudders to Near-Halt

    (Bloomberg) -- Netflix Inc. credited the pandemic with delivering record growth in 2020. Now it’s blaming the pandemic for the worst first quarter in eight years.The streaming service added far fewer new customers than Wall Street expected in the first three months of 2021, even missing its own forecast by millions of subscribers. And the current quarter will be more challenging, Netflix said Tuesday, predicting a gain of just 1 million new customers -- or a fraction of the 4.44 million projected by analysts. The dismal growth sent shares plunging as much as 13%.Netflix shares were down 8% in pre-market trading on Wednesday. Netflix has been warning for months that growth would slow after customers emerged from their Covid-19 hibernation, but few expected the company to stall so dramatically. The first quarter of 2020 was the strongest in its history, reeling in 15.8 million new customers, and Netflix’s pace was still brisk in the fourth quarter.“We had those 10 years where we were growing smooth as silk,” Executive Chairman and co-Chief Executive Officer Reed Hastings said on a webcast for investors. “It’s a little wobbly right now.”Netflix added 3.98 million subscribers in the first quarter, compared with an average analyst estimate of 6.29 million and its own forecast of 6 million. That marked the weakest start of a year since 2013, when Netflix added about 3 million customers. If the company’s forecast for the current quarter holds, it will be the worst three-month stretch for Netflix since the early days of its streaming service.Netflix blamed a “Covid-19 pull-forward” effect, meaning the pandemic accelerated its growth in 2020 while everyone was stuck at home and needed something to watch. Now that surge is taking a toll on the company’s 2021 results.“It really boils down to Covid,” Spencer Neumann, the company’s chief financial officer, said on the webcast.A lack of new shows also contributed to the slump, the company said. While there were popular hits available, like “Bridgerton” and “Cobra Kai,” fresh releases tailed off after mid-January and growth faltered.To boost subscriptions, Netflix should consider reaching new customers by signing more bundling and integration deals with pay-TV and broadband companies, Omdia analyst Maria Rua Aguete said by email.“Having exhausted the pool of new households to sell to, subscription video-on-demand services must brace themselves for a much slower 2021,” she added.Production SnagsThe pandemic has pushed the release of many of the company’s key titles into the back half of this year. Production was interrupted in 2020 due to fallout from the pandemic. Netflix was able to sustain its release schedule for the first several months of Covid lockdowns because it had already finished many projects. But most movies and programs that were supposed to be in shooting last year were either postponed or canceled.“There was nothing to watch this quarter,” said Michael Nathanson, an analyst with MoffettNathanson LLC.What Bloomberg Intelligence Says“It’s important not to confuse near-term noise in user gains with Netflix’s longer-term thesis, which we believe, remains stronger than ever.”--Geetha Ranganathan, BI senior media analystClick here to read the research.Netflix rejected the idea that competition factored into its results, noting that its growth slowed globally -- not just in the crowded U.S. streaming market. Disney+, HBO Max and Peacock don’t yet compete with Netflix in many parts of the world. Still, the company is facing more rivals than ever, and some of the services are less expensive than Netflix, which raised its U.S. prices in October. While production has resumed in every country but Brazil and India, that won’t help Netflix until later this year. Its slate in the current quarter is also light.Better ShapeThe company’s answer to the challenges remains the same as ever: produce more shows. Netflix plans to spend $17 billion in cash on programming this year, up from $12.5 billion last year and $14.8 billion in 2019. It’s prioritizing investments in programming outside the U.S., where most of its new customers live.Europe continues to be a bright spot for Netflix. The streaming service added 1.81 million customers across Europe, the Middle East and Africa, making it the leading region for the company. “Lupin,” a French heist thriller, was the service’s most popular new series in the quarter. Asia is the company’s second-fastest growing region.Even with growth decelerating, Netflix is in the strongest financial position in its history. It reported net income of $1.71 billion, more than double a year ago, and generated free cash flow of $692 million during the quarter. While some of this is due to the curbs in production, it also reflects a stronger foundation. The streaming service is profitable in many new markets, such as South Korea. Earnings amounted to $3.75 a share last quarter, ahead of the $2.98 estimate.Stock BuybackAfter years of borrowing to fund production, Netflix has said it no longer needs to raise outside financing to fund day-to-day operations. The company plans to reduce debt and will buy back up to $5 billion of shares.Neither executives nor investors can be certain whether the trajectory in the first half of the year is temporary, or a sign of a maturing business. Netflix fell as much as 13% to $480 in extended trading, which would be a 2021 low. The stock had risen 1.6% this year through the close Tuesday in New York.When asked if it was time for the company to expand into a new business, executives insisted that plenty of growth remained in entertainment. But they did tease two potential areas of expansion in the years ahead: consumer products and video games.In any case, the main focus will be on streaming more hit shows, said co-CEO and content chief Ted Sarandos.“What we have to do, week in and week out, is deliver programming our members love,” he said.(Updates with post-market share price and analyst comment. A 2013 subscriber figure was corrected in an earlier version of this story.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Stellantis scraps digital speedometers for Peugeot car in chips shortage

    Carmaker Stellantis said on Wednesday it would replace digital speedometers with more old-fashioned analogue ones in one of its Peugeot models, in a fallout from a global shortage of semiconductor chips that is roiling the auto industry. The change will only affect Peugeot 308 cars, among group brands that include Chrysler, Citroen and Jeep since France's PSA Group merged with Italian-American company Fiat-Chrysler this year to form Stellantis. "It's a nifty and agile way of getting around a real hurdle for car production, until the 'chips' crisis ends," a spokesman for Stellantis told Reuters.

  • Bounce back forecast to be stronger than expected as economy reopens – live updates

    Asda takeover may force billionaire brothers to sell 50 petrol stations FTSE 100 rallies after Tuesday's slide US market end lower for second day Jeremy Warner: Sunak should be careful what he wishes for in digital currency race Sign up here for our daily business briefing newsletter

  • U.S. cannabis producers are now favored by Wall Street analysts, who’ve soured on Canadian companies

    Volatility is a feature of the marijuana sector, where stock prices have pulled back. A new banking bill may give cannabis investors hope.

  • IBM quarterly sales growth highest in over two years on cloud strength

    International Business Machines Corp recorded highest quarterly sales growth in more two years and beat Wall Street targets on Monday, boosted by its bets in the high-margin cloud computing business. Finance chief James Kavanaugh said cloud spending by clients in retail, manufacturing and travel industries in the United States was picking up after the initial pandemic-driven slump. Sales from its cloud computing services jumped 21% to $6.5 billion in the quarter.

  • Gold gives up early gains as U.S. dollar firms

    Gold prices gave up early gains on Wednesday as the U.S. dollar firmed, despite support for the metal from falling Treasury yields and sagging global stocks on fears of the impact on the global economy of a resurgence in coronavirus cases. Spot gold was up 0.1% at $1,778.19 per ounce at 0902 GMT, after gaining as much as 0.6% early in the session. The U.S. dollar firmed on Wednesday, rising from a seven-week low hit overnight, making gold expensive for holders of other currencies.

  • GameStop shares soar after CEO departure news, 'RoaringKitty' doubles stake

    GameStop shares were on a tear early Monday, as Kieth "RoaringKitty" Gill announced he was doubling his stake in the firm and CEO George Sherman said he is stepping down.

  • Plumber Buying Doge Shows Retail Investors’ Power in Crypto

    (Bloomberg) -- A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped further. To Mike McGlone, a Bloomberg Intelligence commodity strategist, the recent run-up in the joke token is exemplary of retail’s involvement in crypto markets. His plumber told him recently that he’d bought in.To McGlone, it’s a result of the “perfect storm” of pandemic lock-ups, lots of cash in the system, and investors’ ability to speculate around the clock. “Markets will never change -- this one is just 24/7 and the easiest to access in history,” he said. It’s “a prime example of just plain gambling for fun -- unless participants lose too much money, notably because they took too much risk at the casino.”While Coinbase’s market debut was undeniably a watershed moment for crypto’s move into the mainstream, the weekend rout delivered a harsh refresher on one of the market’s basic tenets: violent price swings are common.A false report from an anonymous Twitter account that the U.S. Treasury was cracking down on crypto money laundering was enough to help send Bitcoin plunging by as much as 15% on Sunday, days after clocking in at a record of $64,870. While low weekend liquidity likely exacerbated the nose dive, the world’s largest cryptocurrency dropped another 3.5% on Monday.That an erroneous tweet can torpedo prices is a reminder that even for all the talk of Wall Street’s growing embrace of crypto, individual investors have a lot of heft to throw around. That dynamic is especially prevalent on weekends, when traditional trading desks go dark while Bitcoin and other cryptocurrencies continue to change hands. Even as Coinbase’s direct listing marks an important milestone for crypto, for institutions and traders venturing into crypto, learning to live with that volatility is a key first step.“It’s more an introduction to all the people who had gotten into Bitcoin or crypto over the last week because of Coinbase that crypto markets can be very volatile,” Philip Gradwell, chief economist at crypto data tracker Chainalysis, said by phone. “This is in some sense, nothing new if you’ve been in the industry for a few years.”Even by crypto standards, sentiment was looking stretched at the end of last week. Bitcoin soared in the lead up to Coinbase’s much-anticipated listing, bringing year-to-date gains to over 118% at one point. That enthusiasm spilled into so-called altcoins such as Dogecoin, which has soared more than 13,000% over the past year.The moves can be jarring. Roughly $9.3 billion in so-called long Bitcoin future positions were liquidated on Saturday, followed by another $700 million on Sunday, according to data from Bybt.com.Such a pullback in Bitcoin was “inevitable” given the degree of froth, Galaxy Digital founder Michael Novogratz tweeted over the weekend, adding that “we will be fine in the medium term” as institutions enter the space.Shifting the power dynamic in favor of the institutions will be the “Holy Grail” for Coinbase, BI analyst Julie Chariell said last week, given that corporations are less likely to dump their holdings as quickly as retail traders. Though individual investors made up just 36% of the exchange’s volume during the quarter ending Dec. 31, more than 90% of Coinbase’s revenue came from retail trades.Whether the cryptocurrency exchange is successful remains to be seen. But even should Bitcoin carve out a place in portfolios and on corporate balance sheets beyond the likes of MicroStrategy Inc. and Tesla Inc., the weekend will likely still belong to the individual investor.“The retail investor still dominates the crypto market,” Steven McClurg, CIO at Valkyrie Investments, said in a phone interview. “When you see action like that over the weekend, that’s just when all the institutional traders are asleep or not working.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • IBM Shares Jump on Biggest Revenue Growth Since 2018

    (Bloomberg) -- International Business Machines Corp. shares jumped in extended trading after the company reported its biggest revenue gain in eleven quarters, driven by demand for cloud services and suggesting Chief Executive Officer Arvind Krishna’s turnaround plan is starting to bear fruit.Sales increased 1% to $17.7 billion in the three months ended Mar. 31, the Armonk, New York-based company said Monday in a statement. That beat the $17.3 billion analysts had forecast, on average, according to data compiled by Bloomberg.IBM reported first-quarter revenue growth in three of its five business segments, including Cloud and Cognitive Software, which saw a sales increase of 3.8% from a year earlier to $5.4 billion. The Global Business Services unit, which includes consulting, and the Systems unit, which includes hardware and operating systems software, also posted year-over-year sales increases.April marks a full year at the helm for Krishna, who took over as CEO from Ginni Rometty with plans to focus on artificial intelligence and the cloud to revive growth after years of stagnation. Krishna has reorganized the 109-year-old tech giant around a hybrid-cloud strategy, which allows customers to store data in private servers and on multiple public clouds, including those of rivals Amazon.com Inc. and Microsoft Corp. Total cloud revenue increased 21% to $6.5 billion in the first quarter.Krishna said he is “confident” IBM will deliver revenue growth in the second quarter and the rest of the year. “We will exit 2021 in a stronger position than we started,” he said on a conference call after the results were released.The shares increased as much as 4.9% in late trading, after closing at $133.12 in New York. The company has gained 5.8% so far this year compared with an increase of 11% for the S&P 500.Krishna attributed “increasing client adoption of our hybrid-cloud platform,” as well as growth in software and consulting, to helping the company “get off to a solid start for the year.”Last October, Krishna spun off IBM’s managed infrastructure services unit into a separate publicly traded company, which will be called Kyndryl and be based in New York. The division, currently part of IBM’s Global Technology Services division, handles day-to-day infrastructure service operations like managing client data centers and traditional information-technology support for installing, repairing and operating equipment. The unit, IBM’s biggest, has seen business shrink as customers embraced the shift to the cloud, and many clients delayed infrastructure upgrades during the pandemic. It was one of only two of IBM’s units to see revenue decline in the first quarter, with sales down 1.5%, to $6.37 billion. The spinoff is scheduled to be completed by the end of this year.IBM also said revenue from Red Hat, which it bought in 2019 for $34 billion, gained 17% in the first quarter.Earnings excluding some costs were $1.77 a share, beating the average analyst estimate of $1.65. Gross margin was 47.3%, compared with the 47.2% analysts expected.(Updates with CEO comments in the fifth paragraph. An earlier version of this story was corrected to remove reference to Cloud and Cognitive Software being the biggest unit.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Dogecoin 'will probably cease to exist': veteran trader

    The Dogecoin faithful have declared April 20 “Doge Day,” but on Wall Street, having your own ‘day’ is no guarantee of legitimacy or longevity.

  • Shareholder adviser rebukes Berkshire over executive pay

    Institutional Shareholder Services noted that Vice Chairmen Greg Abel and Ajit Jain were each awarded $16 million in salary and $3 million in bonuses in 2020, the same as in 2019, and said it was "unclear" whether any of their pay was tied to Berkshire's performance. The firm said the "continued lack of transparency" raised questions about oversight by Berkshire's compensation committee, and recommended that shareholders withhold votes to reelect its members - Susan Decker, David Gottesman, Walter Scott Jr. and Meryl Witmer - as Berkshire directors.

  • Crypto inflows hit $4.9 billion as of mid-April: Coinshares data

    Inflows into cryptocurrency funds and products hit $4.9 billion as of April 16, with the pace of increase slowing a bit in the first two weeks of the month after hitting record levels in the first quarter, data from digital currency manager Coinshares showed on Tuesday. Inflows in the first two weeks of April hit about $400 million to $4.9 billion, or about 9% higher than an all-time high of $4.5 billion in the first three months of the year. The pace of inflows had already moderated in the first quarter, after a 240% surge in the fourth.

  • Analysis: U.S. banks' bond bonanza driven by extraordinary market conditions, regulatory decisions

    JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley have or are planning to issue a total of $40 billion in debt, according to media reports. JPMorgan's $13 billion April 15 bond sale was briefly an industry record until it was topped the next day by Bank of America's $15 billion offering. That economic rebound driven by the vaccination roll-out and trillions of dollars of stimulus, combined with ultra-low interest rates, has made for excellent borrowing conditions on the heels of stellar first-quarter earnings.

  • Oil drops as coronavirus cases surge in Asia

    Oil fell by $1 on Tuesday, pulling back from one-month highs, on fears that India, the world's third-biggest oil importer, may impose restrictions as coronavirus infections and deaths soar in that country. Oil prices have risen steadily this year on expectations of a recovery in demand but while the United States and China are rebounding, numerous other countries are not. "Given India's position as a major crude oil importer in the world, new restrictions would be very bad for the energy complex," said Bob Yawger, director of energy futures at Mizuho.

  • Australia's Afterpay considers U.S. listing as 'buy now, pay later' takes off

    (Reuters) -Australian buy-now-pay-later company Afterpay said on Tuesday it is exploring a U.S. listing after North America became its biggest market, offering global investors an easier path to owning a stock that has boomed through the pandemic. Afterpay has tapped Goldman Sachs to advise on the listing, two sources with direct knowledge of the matter told Reuters. Goldman declined to comment.

  • JPMorgan Warns of Bitcoin Weakness as Futures Get Liquidated

    (Bloomberg) -- The last few times Nikolaos Panigirtzoglou witnessed such negative price action in Bitcoin, buyers returned in time to prevent deeper slumps. This time, the JPMorgan Chase & Co. strategist is worried.If the largest cryptocurrency isn’t able to break back above $60,000 soon, momentum signals will collapse, strategists led by Panigirtzoglou wrote in a note Tuesday. It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said.“Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November,” the strategists said. “Momentum signals will naturally decay from here for several months, given their still elevated level.”In those three previous instances, the overall flow impulse was strong enough to allow Bitcoin to quickly break out above the key thresholds, yielding further buildups in position by momentum traders, JPMorgan noted.“Whether we see a repeat of those previous episodes in the current conjuncture remains to be seen,” the strategists said. The likelihood it will happen again seems lower because momentum decay seems more advanced and thus more difficult to reverse, they added. Flows into Bitcoin funds also appear weak, they said.Bitcoin rose as high as $64,870 around the time of the Nasdaq listing of Coinbase Global Inc., but has retreated back to $55,000. The cryptocurrency is still up about 90% year-to-date.(Updates prices in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.