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NEXTera energy® PARTNERS NextEra Energy Partners , LP Media Line : 561-694-4442 April 21 , 2021 FOR IMMEDIATE RELEASE NextEra Energy Partners , LP reports first - quarter 2021 financial results • Grows distributions approximately 15 % year - over - year • • • Achieves cash available for distribution growth of 36 % versus prior - year comparable quarter Recently announced an agreement to acquire an approximately 400 - megawatt portfolio of long- term contracted wind assets Anticipates year - end 2021 run - rate expectations for adjusted EBITDA and CAFD to be in the upper end of its previously announced ranges Remains well - positioned to achieve its best - in - class long - term distribution growth objectives JUNO BEACH , Fla . - NextEra Energy Partners , LP ( NYSE : NEP ) today reported first - quarter 2021 net income attributable to NextEra Energy Partners of $ 202 million . NextEra Energy Partners also reported first - quarter 2021 adjusted EBITDA of $ 354 million and cash available for distribution ( CAFD ) of $ 184 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 . 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 delivered very strong first - quarter results , with contributions from 2020 portfolio acquisitions and existing portfolio operations driving adjusted EBITDA and CAFD growth of 20 % and 36 % , respectively , versus the prior - year comparable quarter , " said Jim Robo , chairman and chief executive officer . " Consistent with our plan to expand and diversify NextEra Energy Partners ' portfolio , the partnership also recently entered into an agreement to acquire an approximately 400 - megawatt portfolio of long - term contracted wind projects with high - credit - quality customers . We believe the portfolio is an attractive acquisition for NextEra Energy Partners and is enhanced by our ability to leverage NextEra Energy Resources ' best - in - class operating platform to reduce costs and create value for LP unitholders . NextEra Energy Partners remains on a trajectory to grow our LP distributions per unit by 12 % to 15 % through 2024 , and we continue to believe NextEra Energy Partners offers a compelling investor value proposition and look forward to delivering on that potential over the coming years . " 1