Stock Monitor: Pampa Energia Post Earnings Reporting
LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors free earnings report on NextEra Energy, Inc. (NYSE: NEE) ("NextEra") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=NEE. The Company reported its third quarter fiscal 2017 results on October 26, 2017. The leading distributor of electric power's operating revenue was up 0.06% on a y-o-y basis. Register today and get free access toour complimentary member’s area where many more reports are available: www.active-investors.com/registration-sg.
Active-Investors.com is currently working on the research report for Pampa Energia S.A. (NYSE: PAM), which also belongs to the Utilities sector as the Company NextEra Energy. Do not miss out and become a member today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=PAM.
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, NextEra Energy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at: www.active-investors.com/registration-sg/?symbol=NEE.
Earnings Highlights and Summary
NextEra's operating revenue was $4.81 billion in Q3 FY17 compared to $4.81 billion in Q3 FY16. The Company's revenue numbers lagged analysts' estimates of $4.89 billion.
NextEra incurred operating expenses of $3.41 billion in Q3 FY17 compared to $3.53 billion in Q3 FY16, resulting in a substantial decline of 3.32% on a y-o-y basis, mainly due to lower expenses incurred on fuel and operations, and maintenance during the reported quarter.
The Company reported an operating income of $1.40 billion in Q3 FY17 compared to $1.28 billion in Q3 FY16; an increase of 9.38% on a y-o-y basis.
NextEra achieved a net income of $847.00 million in Q3 FY17 versus $753.00 million in Q3 FY16; increasing 12.48% on a y-o-y basis. The Company reported adjusted earnings of $875.00 million in Q3 FY17 compared to $809.00 million in Q3 FY16; a 8.16% increase on a y-o-y basis. The adjusted earnings per share (EPS) increased 6.32% to $1.85 in Q3 FY17 compared to $1.74 in Q3 FY16; beating analysts' estimates of $1.75.
NextEra has three business segments, namely: (i) Florida Power and Light, (ii) NextEra Energy Resource, and (iii) Corporate and Other.
The Florida Power and Light segment's operating revenue increased 5.91% to $3.48 billion in Q3 FY17 compared to $3.28 billion in Q3 FY16. The segment's net income amounted to $566.00 million in the reported quarter compared to $515.00 million in Q3 FY16. The adjusted earnings per share (EPS) amounted to $1.19 in Q3 FY17 compared to $1.11 in Q3 FY16. The higher adjusted EPS was a result of continued investment in the business to further advance its long-term goal of providing outstanding customer value and low value customer bills.
The NextEra Energy Resources segment's operating revenue decreased 6.78% to $1.33 billion in the reported quarter compared to $1.43 billion in Q3 FY16. The segment's net income decreased 4.89% to $292.00 million in Q3 FY17 compared to $307.00 million in Q3 FY16. The adjusted EPS was $0.62 in Q3 FY17 compared to $0.60 in Q3 FY16; a 3.33% increase on a y-o-y basis. This segment's positive results were due to new investments and a continued growth of contracted renewable portfolio. Under this segment, the Company also added 760 MW of additional renewable project, which is the largest combined solar and storage facility in the US.
The Corporate and Other segment posted operating losses of $2.00 million in Q3 FY17 compared to an operating profit of $92.00 million in Q3 FY16. The segment incurred net losses of $11.00 million in Q3 FY17 compared to net losses of $69.00 million in Q3 FY16. The segment's adjusted earnings were $0.04 million in the reported quarter compared to $0.03 million in Q3 FY16.
NextEra posted cash and cash equivalents of $1.38 billion for the period ended September 30, 2017, compared to $1.29 billion for the period ended December 31, 2016. The Company's long-term debt balance was $30.35 billion in the reported quarter compared to $27.82 billion in Q4 FY16.
NextEra's cash inflow from operating activities decreased 2.53% to $5.16 billion in Q3 FY17 compared to $5.29 billion in Q3 FY16.
NextEra anticipates EPS to be in the range of $6.35 - $6.85 for the fiscal year 2017; $6.80 - $7.30 for the fiscal year 2018; and $7.85 - $8.45 for the fiscal year 2020. It is targeting a growth of 6.00% - 8.00% in annual earnings by 2020. The Company also expects to acquire a portfolio of three wind projects and one solar project worth approximately $812.00 million. The Company aims to achieve adjusted EBITDA between $1.05 billion - $1.20 billion by December 31, 2018.
Stock Performance Snapshot
November 24, 2017 - At Friday's closing bell, NextEra Energy's stock was marginally up 0.55%, ending the trading session at $156.03.
Volume traded for the day: 636.13 thousand shares.
Stock performance in the last month – up 1.41%; previous three-month period – up 3.95%; past twelve-month period – up 37.57%; and year-to-date – up 30.61%
After last Friday's close, NextEra Energy's market cap was at $73.00 billion.
Price to Earnings (P/E) ratio was at 17.54.
The stock has a dividend yield of 2.52%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.1% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.