Forty percent growth in distributions per unit from the prior-year comparable period, reflecting strong contributions from acquisitions and excellent operating performance

Expanded contracted renewables generation portfolio through the acquisition of the Cedar Bluff and Golden Hills Wind Energy Centers

Increased quarterly distribution to $0.33 per common unit

JUNO BEACH, Fla. - NextEra Energy Partners, LP (NYSE: NEP) today reported second-quarter 2016 net income attributable to NextEra Energy Partners of $8 million. NextEra Energy Partners also reported second-quarter 2016 adjusted EBITDA of $156 million. For the second quarter of 2016, cash available for distribution (CAFD) before debt service payments was $120 million and after debt service payments was $65 million.

NextEra Energy Partners' management uses adjusted EBITDA and CAFD, which are non-GAAP financial measures, internally for financial planning, analysis of performance and reporting of results to the board of directors of its general partner. NextEra Energy Partners also uses these measures when communicating its financial results and earnings outlook to analysts and investors. The attachments to this news release include a reconciliation of historical adjusted EBITDA and CAFD to net income, which is the most directly comparable GAAP measure.

"NextEra Energy Partners' 40 percent growth in distributions per unit from the prior-year comparable period reflects strong contributions from acquisitions, as well as excellent operating performance," said Jim Robo, chairman and chief executive officer. "We continue to execute on the partnership's growth plan and recently completed the acquisition of approximately 285 megawatts of wind generation from our sponsor, NextEra Energy Resources, by using a combination of debt and cash on hand to finance the transaction. The addition of these two high-quality wind projects further advances our already strong and flexible financial position for the year and will provide an attractive yield to our investors. For the balance of the year, we remain on target to achieve our growth expectations."

In early July, NextEra Energy Partners completed the acquisition of approximately 285 megawatts (MW) of contracted renewables projects from a subsidiary of NextEra Energy Resources, LLC. Included in the acquisition were two modern wind facilities, both of which are fully contracted under long-term power purchase contracts with strong creditworthy counterparties and remaining contract lives of approximately 20 years. Cedar Bluff Wind Energy Center is an approximately 199-MW facility located in Kansas. Golden Hills Wind Energy Center is an approximately 86-MW facility located in California. The acquisition expanded the contracted renewable energy projects in NextEra Energy Partners’ portfolio to approximately 2,656 MW (excluding ownership interests in equity method investments).

NextEra Energy Partners acquired the assets for a total consideration of approximately $312 million, plus the assumption of approximately $253 million in liabilities related to tax equity financing. The purchase price is subject to working capital and other adjustments. The partnership financed the transaction, in part, through proceeds of an issuance of a $100 million non-amortizing term loan at the holding company, with the balance of the purchase price funded with cash on hand and through a draw under a subsidiary of NextEra Energy Partners’ revolving credit facility.

Increases quarterly distribution
On July 26, 2016, the board of directors of the general partner of NextEra Energy Partners declared a quarterly distribution of $0.33 per common unit (corresponding to an annualized rate of $1.32 per common unit) to the unitholders of NextEra Energy Partners. With the declaration, the distribution has grown 40 percent on an annualized basis from the second quarter of 2015. The distribution will be payable on Aug. 12, 2016, to unitholders of record as of Aug. 4, 2016.

Outlook
From a base of its fourth-quarter 2015 distribution per common unit at an annualized rate of $1.23, NextEra Energy Partners continues to expect 12 to 15 percent per year growth in limited partner distributions through 2020. The partnership expects the annualized rate of the fourth-quarter 2016 distribution, which is payable in February 2017, to be in the range of $1.38 to $1.41 per common unit.

NextEra Energy Partners now expects a Dec. 31, 2016, run rate for adjusted EBITDA of $670 million to $760 million and CAFD of $230 million to $290 million, reflecting calendar year 2017 expectations for the forecasted portfolio at year-end Dec. 31, 2016. These expectations are net of expected IDR fees, as these fees are expected to be treated as an operating expense.

As previously announced, NextEra Energy Partners' second-quarter 2016 conference call is scheduled for 9 a.m. ET today. Also discussed during the call will be second-quarter 2016 financial results for NextEra Energy, Inc. (NYSE: NEE). The listen-only webcast will be available on the website of NextEra Energy Partners by accessing the following link: www.NextEraEnergyPartners.com/Earnings. The news release and the slides accompanying the presentation may be downloaded at www.NextEraEnergyPartners.com/Earnings, beginning at 7:30 a.m. ET today. A replay will be available for 90 days by accessing the same link as listed above.

NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE) to acquire, manage and own contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Fla., NextEra Energy Partners owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry-leading technology and are located in regions that are favorable for generating energy from the wind and sun. The seven natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico. For more information about NextEra Energy Partners, please visit: www.NextEraEnergyPartners.com.