CLAIM #45233 · Nextera Energy Inc (NEE) · 2023Q2 earnings call · Jul 25, 2023 · due Dec 31, 2024
“And we continue to expect to grow our dividends per share at roughly 10% per year, through at least 2024, off a 2022 base.”
Kirk Crews · CFO
In context
“provement through our annual velocity productivity initiative has yielded over $725 million in annual run rate savings ideas. Over the last two years, creating cost savings opportunities to help offset higher interest costs. As always, the current interest rate environment is taken into account in our financial expectations. Our long-term financial expectations remain unchanged, and we will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted EPS expectation ranges. In each year, from 2023 to 2026, while the same time maintaining our strong balance sheet and credit ratings. From 2021 to 2026, we continue to expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range. And we continue to expect to grow our dividends per share at roughly 10% per year, through at least 2024, off a 2022 base. As always, our expectations assume our usual caveats, including normal weather and operating conditions. Now, I'd like to turn to NextEra Energy Partners. Second quarter adjusted EBITDA and cash available for distribution were $486 million and $200 million respectively, reflecting weaker wind resource. NextEra Energy Partners remains well positioned to deliver on its 2023 run rate expectations for adjusted EBITDA and cash available for distribution. Yesterday, NextEra Energy Partners Board declared a quarterly distribution of $0.854 per share per common unit or $3.42 per common unit on an annualized basis, up approximately 12% from a year earlier. Inclusive of this quarter, NextEra Energy Partners has grown its LP distribution per unit over 355% since the IPO. Since our last earnings ca”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2023Q2 earnings call.