NextEra Energy Partners, LP

NextEra Energy Partners, LPverified

NEP

Price:

$16.78

Market Cap:

$1.57B

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.[Read more]

Industry

Renewable Utilities

IPO Date

2014-06-27

Stock Exchange

NYSE

Ticker

NEP

The Current Ratio as of November 2024 (TTM) for NextEra Energy Partners, LP (NEP) is 2.02

According to NextEra Energy Partners, LP’s latest financial reports and current stock price. The company's current Current Ratio is 2.02. This represents a change of 34.36% compared to the average of 1.50 of the last 4 quarters.

NextEra Energy Partners, LP (NEP) Historical Current Ratio (quarterly & annually)

How has NEP Current Ratio performed in the past?

The mean historical Current Ratio of NextEra Energy Partners, LP over the last ten years is 1.29. The current 2.02 Current Ratio has changed 15.55% with respect to the historical average. Over the past ten years (40 quarters), NEP's Current Ratio was at its highest in in the September 2018 quarter at 5.54. The Current Ratio was at its lowest in in the March 2019 quarter at 0.38.

Quarterly (TTM)
Annual

Average

1.29

Median

1.36

Minimum

0.40

Maximum

2.28

NextEra Energy Partners, LP (NEP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NextEra Energy Partners, LP Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 332.75%

Maximum Annual Current Ratio = 2.28

Minimum Annual Increase = -72.55%

Minimum Annual Current Ratio = 0.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.33-5.51%
20221.4025.52%
20211.12-5.47%
20201.18-17.77%
20191.44263.44%
20180.40-72.55%
20171.4461.67%
20160.89-37.15%
20151.42-37.82%
20142.28332.75%

NextEra Energy Partners, LP (NEP) Average Current Ratio

How has NEP Current Ratio performed in the past?

The current Current Ratio of NextEra Energy Partners, LP (NEP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.28

5-year avg

1.29

10-year avg

1.29

NextEra Energy Partners, LP (NEP) Current Ratio vs. Peers

How is NEP’s Current Ratio compared to its peers?

NextEra Energy Partners, LP’s Current Ratio is greater than Brookfield Renewable Corporation (0.34), greater than Algonquin Power & Utilities Corp. (0.92), greater than Clearway Energy, Inc. (1.59), greater than Atlantica Sustainable Infrastructure plc (1.25), greater than Clearway Energy, Inc. (1.59), greater than Brookfield Renewable Partners L.P. (0.73), greater than Algonquin Power & Utilities Corp. (0.92), greater than Ørsted A/S (1.34),

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