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NEXTera energy® PARTNERS W NextEra Energy Partners , LP Media Line : 561-694-4442 Oct. 20 , 2021 FOR IMMEDIATE RELEASE NextEra Energy Partners , LP reports third - quarter 2021 financial results • Grows distributions approximately 15 % year - over - year • Closes on previously announced acquisitions during the third quarter • Announces an agreement to acquire an approximately 100 - megawatt operating California wind asset from a third party Introduces year - end 2022 run - rate adjusted EBITDA and cash available for distribution expectations , reflecting roughly 23 % and 13 % growth from the previously announced year - end 2021 run - rate ranges , respectively , at the midpoints JUNO BEACH , Fla . - NextEra Energy Partners , LP ( NYSE : NEP ) today reported third - quarter 2021 net income attributable to NextEra Energy Partners of $ 18 million . NextEra Energy Partners also reported third - quarter 2021 adjusted EBITDA of $ 334 million and cash available for distribution ( CAFD ) of $ 158 million . NextEra Energy Partners delivered third - quarter financial results in line with management's expectations . 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 continues to perform well during 2021 , with adjusted EBITDA and CAFD increasing by roughly 9 % and 6 % on a year - to - date basis , respectively , versus 2020 , " said Jim Robo , chairman and chief executive officer . " Strong operational and financial performance during the first nine months of the year and a low payout ratio of roughly 75 % highlights that NextEra Energy Partners remains well - positioned to deliver on its growth objectives . Since the second - quarter financial results call , we completed the acquisition of nearly 1,000 net megawatts of high - quality renewables projects from NextEra Energy Resources and a third party . Today , we are announcing an agreement to acquire an approximately 100 - megawatt operating California wind asset from a third party , highlighting NextEra Energy Partners ' continued ability to leverage its competitive advantages to be successful in third - party M & A and extend its long runway of growth . " Consistent with our long - term growth prospects , today we are also introducing year - end 2022 run - rate expectations , reflecting roughly 23 % and 13 % growth , respectively , from our previously announced year- end 2021 run - rate adjusted EBITDA and CAFD midpoints . NextEra Energy Partners ' adjusted EBITDA 1