“we remain on track to deliver on our best-in-class 12% to 15% annual distribution per unit growth expectations, which we extended through 2025 last month at our investor conference.”

In context

“ra Energy Partners' growth since the facility was last upsized in 2019. The facility was approximately 1.6 times oversubscribed, which we believe demonstrates the strong credit quality of the NextEra Energy Partners portfolio as well as the market confidence in NextEra Energy Partners' growth outlook. Additionally, NextEra Energy Partners drew the approximately $410 million of remaining funds from its 2021 convertible equity portfolio financing. The strong demand for both the private investor and lending communities to provide NextEra Energy Partners with liquidity for growth demonstrates the Partnership's continued ability to raise capital at attractive terms. With another strong origination quarter at Energy Resources, NextEra Energy Partners' growth visibility is as strong as ever, and we remain on track to deliver on our best-in-class 12% to 15% annual distribution per unit growth expectations, which we extended through 2025 last month at our investor conference. Finally, last week, S&P favorably revised NextEra Energy Partners' business risk profile upward, from satisfactory to strong to reflect its positive outlook on the Partnership's continued growth and portfolio diversification while maintaining highly contracted revenue streams with highly rated counterparties. S&P also affirmed all of its ratings for NextEra Energy Partners and lowered his downgrade threshold for its funds from operations, or FFO, to debt metric from the previous level of 14% to the current level of 12%. We believe these favorable adjustments reflect the strength of NextEra Energy Partners business and a stable cash flow generation profile of its portfolio. Turning to the detailed results. NextEra Energy Partners' second quarter adjusted EBITDA was $500 million, and cash a”