“NextEra Energy Partners remains well positioned to deliver on its 2023 run rate expectations for adjusted EBITDA and cash available for distribution.”

In context

“le 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 call, NextEra Energy Partners completed its previously announced acquisition of approximately 690 megawatts of wind and solar assets. With this acquisition, NextEra Energy Partners renewable portfolio is over 10,000 megawatts. Further strengthening its position as the world's seventh largest producer of electricity from the wind and sun. The partnership is well-positioned to execute on its simplification plan to become a 100% renewables focus company.”