| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Sep'13 | Jun'13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING REVENUES | ||||||||||||||||||||||||||
Renewable energy sales | ||||||||||||||||||||||||||
157,000 | 151,000 | 201,000 | 170,000 | 123,000 | 102,000 | 124,000 | 169,000 | 156,000 | 148,000 | 141,000 | 175,000 | 149,000 | 171,000 | 144,000 | 144,000 | 124,000 | - | - | - | - | - | - | - | - | - | - |
Texas pipelines service revenues | ||||||||||||||||||||||||||
55,000 | 55,000 | 52,000 | 49,000 | 54,000 | 54,000 | 54,000 | 56,000 | 56,000 | 50,000 | 50,000 | 45,000 | 49,000 | 51,000 | 47,000 | 44,000 | 47,000 | - | - | - | - | - | - | - | - | - | - |
Total operating revenues(a) | ||||||||||||||||||||||||||
212,000 | 206,000 | 253,000 | 219,000 | 177,000 | 156,000 | 178,000 | 225,000 | 212,000 | 198,000 | 191,000 | 220,000 | 198,000 | 222,000 | 191,000 | 188,000 | 171,000 | 153,000 | 115,000 | 125,000 | 108,000 | 104,000 | 97,000 | 99,000 | 59,000 | 28,000 | 34,462 |
OPERATING EXPENSES | ||||||||||||||||||||||||||
Operations and maintenance(b) | ||||||||||||||||||||||||||
92,000 | 88,000 | 90,000 | 82,000 | 76,000 | 67,000 | 65,000 | 63,000 | 62,000 | 65,000 | 61,000 | 66,000 | 56,000 | 71,000 | 52,000 | 48,000 | 44,000 | 50,000 | 22,000 | 22,000 | 19,000 | 30,000 | 18,000 | 20,000 | 11,000 | 7,000 | 5,942 |
Depreciation and amortization | ||||||||||||||||||||||||||
66,000 | 67,000 | 68,000 | 63,000 | 61,000 | 52,000 | 49,000 | 49,000 | 53,000 | 57,000 | 56,000 | 57,000 | 56,000 | 78,000 | 54,000 | 53,000 | 50,000 | 51,000 | 38,000 | 37,000 | 37,000 | 36,000 | 24,000 | 23,000 | 16,000 | 10,000 | 8,220 |
Transmission | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 1,000 | 1,000 | 1,000 | 526 |
Taxes other than income taxes and other | ||||||||||||||||||||||||||
5,000 | 7,000 | 7,000 | 7,000 | 6,000 | 6,000 | 5,000 | 5,000 | 5,000 | 7,000 | 5,000 | 5,000 | 4,000 | 6,000 | 5,000 | 5,000 | 4,000 | 6,000 | 3,000 | 3,000 | 4,000 | 1,000 | 2,000 | 1,000 | 1,000 | 1,000 | 931 |
Gain (Loss) on Disposition of Business | ||||||||||||||||||||||||||
- | - | 0 | 0 | - | - | 0 | 153,000 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total operating expenses - net | ||||||||||||||||||||||||||
163,000 | 162,000 | 165,000 | 152,000 | 143,000 | 125,000 | 119,000 | -36,000 | 120,000 | 129,000 | 122,000 | 128,000 | 116,000 | 155,000 | 111,000 | 106,000 | 98,000 | 94,000 | 67,000 | 67,000 | 64,000 | 64,000 | 45,000 | 45,000 | 29,000 | 19,000 | 15,619 |
OPERATING INCOME | ||||||||||||||||||||||||||
49,000 | 44,000 | 88,000 | 67,000 | 34,000 | 31,000 | 59,000 | 261,000 | 92,000 | 69,000 | 69,000 | 92,000 | 82,000 | 67,000 | 80,000 | 82,000 | 73,000 | 59,000 | 48,000 | 58,000 | 44,000 | 40,000 | 52,000 | 54,000 | 30,000 | 9,000 | 18,843 |
OTHER INCOME (DEDUCTIONS) | ||||||||||||||||||||||||||
Interest expense | ||||||||||||||||||||||||||
-839,000 | 1,436,000 | -372,000 | -207,000 | -155,000 | 341,000 | 31,000 | -21,000 | -103,000 | 145,000 | -50,000 | 61,000 | 43,000 | -52,000 | 41,000 | 77,000 | 86,000 | 32,000 | 31,000 | 29,000 | 25,000 | 28,000 | 28,000 | 25,000 | 19,000 | 10,000 | 9,789 |
Gain on settlement of contingent consideration of project acquisition | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 4,809 |
Benefits Associated With Differential Membership Interests, Net | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 37,000 | 21,000 | 30,000 | 31,000 | 23,000 | 14,000 | 17,000 | 13,000 | 7,000 | 5,000 | 8,000 | 4,000 | 0 | 0 | 0 | 0 | - | - |
Equity in earnings of equity method investees | ||||||||||||||||||||||||||
18,000 | 8,000 | 21,000 | 9,000 | 0 | 2,000 | 23,000 | 13,000 | 3,000 | 2,000 | 22,000 | 14,000 | 2,000 | 20,000 | 11,000 | 7,000 | 2,000 | 36,000 | 0 | 0 | 0 | - | 0 | 0 | - | - | - |
Equity in losses of non-economic ownership interests | ||||||||||||||||||||||||||
-23,000 | 6,000 | 1,000 | -4,000 | -7,000 | -9,000 | 11,000 | 7,000 | 6,000 | -2,000 | 9,000 | 4,000 | 0 | 16,000 | 0 | -7,000 | -13,000 | - | - | - | - | - | - | - | - | - | - |
Revaluation of contingent consideration | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 101,000 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Other - net | ||||||||||||||||||||||||||
- | - | 1,000 | 1,000 | - | 8,000 | 1,000 | 11,000 | 2,000 | -1,000 | 0 | -1,000 | 0 | -15,000 | 0 | 16,000 | -3,000 | -6,000 | -4,000 | -1,000 | 1,000 | 0 | 0 | 0 | 0 | - | 48 |
Total other deductions - net | ||||||||||||||||||||||||||
-844,000 | 49,000 | -349,000 | -201,000 | -162,000 | -154,000 | 66,000 | 10,000 | -92,000 | -9,000 | 2,000 | -14,000 | -10,000 | 184,000 | 85,000 | -44,000 | -87,000 | 3,000 | -30,000 | -22,000 | -20,000 | -21,000 | -28,000 | -25,000 | -19,000 | -10,000 | -4,932 |
LOSS BEFORE INCOME TAXES | ||||||||||||||||||||||||||
-795,000 | 93,000 | -261,000 | -134,000 | -128,000 | -123,000 | 125,000 | 271,000 | 0 | 60,000 | 71,000 | 78,000 | 72,000 | 251,000 | 165,000 | 38,000 | -14,000 | 62,000 | 18,000 | 36,000 | 24,000 | 19,000 | 24,000 | 29,000 | 11,000 | -1,000 | 13,911 |
INCOME TAX BENEFIT | ||||||||||||||||||||||||||
-75,000 | 9,000 | -18,000 | -10,000 | -7,000 | -7,000 | 15,000 | -21,000 | 19,000 | 116,000 | 21,000 | 16,000 | 14,000 | 32,000 | 30,000 | -3,000 | -2,000 | 21,000 | 5,000 | 8,000 | -1,000 | -26,000 | 1,000 | 6,000 | 5,000 | 1,000 | 6,213 |
NET LOSS | ||||||||||||||||||||||||||
-720,000 | 84,000 | -243,000 | -124,000 | -121,000 | -116,000 | 110,000 | 292,000 | -19,000 | -56,000 | 50,000 | 62,000 | 58,000 | 219,000 | 135,000 | 41,000 | -12,000 | 41,000 | 13,000 | 28,000 | 25,000 | 45,000 | 23,000 | 23,000 | 6,000 | -2,000 | - |
Net income attributable to preferred distributions | ||||||||||||||||||||||||||
2,000 | 3,000 | 2,000 | 6,000 | 6,000 | 7,000 | 6,000 | 6,000 | 6,000 | 3,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Less net income prior to Initial Public Offering for NEP's initial portfolio | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - |
Net loss attributable to noncontrolling interests | ||||||||||||||||||||||||||
-500,000 | 47,000 | -173,000 | -102,000 | -105,000 | -101,000 | 71,000 | 204,000 | -99,000 | 31,000 | 49,000 | 49,000 | 46,000 | 176,000 | 108,000 | 33,000 | -17,000 | 38,000 | 12,000 | 24,000 | 23,000 | - | 20,000 | - | - | - | - |
NET LOSS ATTRIBUTABLE TO NEXTERA ENERGY PARTNERS, LP | ||||||||||||||||||||||||||
-222,000 | 34,000 | -72,000 | -28,000 | -22,000 | -22,000 | 33,000 | 82,000 | 74,000 | -90,000 | 1,000 | 13,000 | 12,000 | 43,000 | 27,000 | 8,000 | 5,000 | 3,000 | 1,000 | 4,000 | 2,000 | - | 3,000 | - | - | - | 7,698 |
Weighted average number of common units outstanding - basic (in shares) | ||||||||||||||||||||||||||
- | - | 59,900 | 56,200 | - | - | 54,900 | 54,300 | 54,300 | - | 54,300 | 54,300 | 54,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Weighted average number of common units outstanding - assuming dilution (in shares) | ||||||||||||||||||||||||||
- | - | 75,800 | 75,800 | - | - | 74,600 | 74,000 | 74,000 | - | 54,300 | 54,300 | 54,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings (loss) per common unit attributable to NextEra Energy Partners, LP - basic (in dollars per share) | ||||||||||||||||||||||||||
-3.39 | 0.57 | -1.21 | -0.49 | -0.38 | -0.42 | 0.60 | 1.51 | 1.36 | -1.65 | 0.01 | 0.24 | 0.22 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings (loss) per common unit attributable to NextEra Energy Partners, LP - assuming dilution (in dollars per share) | ||||||||||||||||||||||||||
-3.39 | 0.57 | -1.21 | -0.49 | -0.38 | -0.31 | 0.58 | 1.42 | 1.22 | -1.65 | 0.01 | 0.24 | 0.22 | 0.95 | 0.62 | 0.19 | 0.14 | 0.17 | 0.05 | 0.16 | 0.08 | - | 0.17 | - | - | - | - |
Revenue from related parties | ||||||||||||||||||||||||||
4,000 | - | - | - | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operations and maintenance related to renewable energy projects | ||||||||||||||||||||||||||
50,000 | - | - | - | 38,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operations and maintenance related to Texas pipelines | ||||||||||||||||||||||||||
11,000 | - | - | - | 13,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operations and maintenance related party | ||||||||||||||||||||||||||
32,000 | - | - | - | 24,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,000 | 5,000 | 4,000 | - | - | - | - | - | - |
Weighted average number of common units outstanding - basic and assuming dilution | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 44,300 | 42,100 | 34,500 | 29,800 | 22,600 | 20,100 | 18,700 | - | 18,700 | - | - | - | - |
Distributions per common unit (in dollars per unit) | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 380,000.00 | 365,000.00 | 0.35 | - | 0.33 | 0.31 | 0.30 | - | 0.23 | 0.20 | 0.19 | - | - | - | - | - | - |
Net unrealized gains (losses) on cash flow hedges: | ||||||||||||||||||||||||||
Effective portion of net unrealized gains (losses) (net of income tax expense/(benefit) ($2,436), $3,395, ($4,336) and $4,725, respectively) | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,279 |
Reclassification from accumulated other comprehensive loss to net income (net of income tax expense $372, $399, $748 and $754, respectively) | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -588 |
Unrealized gains (losses) on foreign currency translation | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -12,179 |
Total other comprehensive loss, net of tax | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6,312 |
COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,386 |