NextEra Energy Partners, LP reported consolidated preliminary earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total operating revenues of $176 million against $146 million for the same period prior year. Operating income was $58 million against $62 million for the same period prior year. Income before income taxes was $225 million against $30 million for the same period prior year. Net income was $197 million against $24 million for the same period prior year. Net income attributable to the company was $50 million against $5 million for the same period prior year.

For the full year, the company reported total operating revenues of $715 million against $495 million for the same period prior year. Operating income was $290 million against $214 million for the same period prior year. Income before income taxes was $408 million against $127 million for the same period prior year. Net income was $357 million against $102 million for the same period prior year. Net income attributable to the company was $90 million against $10 million for the same period prior year. Adjusted EBITDA was $639 million. Net cash provided by operating activities was $320 million compared to $255 million a year ago. Capital expenditures were $271 million compared to $172 million a year ago.

NextEra Energy Partners has extended its financial expectations for another two years. NextEra Energy Partners expects 12% to 15% per year growth in limited partner distributions through at least 2022. NextEra Energy Partners expects December 31, 2016, run rate for adjusted EBITDA of $670 million to $760 million and CAFD of $230 million to $290 million, reflecting forecasted calendar year 2017 expectations for the portfolio at year-end Dec. 31, 2016. The company expects December 31, 2017, run rate for adjusted EBITDA of $875 million to $975 million and CAFD of $310 million to $340 million, reflecting calendar year 2018 expectations for the forecasted portfolio at year-end December 31, 2017. These expectations are net of expected IDR fees, as these fees are expected to be treated as an operating expense.