Revenue during the quarter grew 20.55 percent to $176 million from $146 million in the previous year period. Total expenses were 67.05 percent of quarterly revenues, up from 57.53 percent for the same period last year. That has resulted in a contraction of 951 basis points in operating margin to 32.95 percent.

Operating income for the quarter was $58 million, compared with $62 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $168 million compared with $135 million in the prior year period. At the same time, adjusted EBITDA margin improved 299 basis points in the quarter to 95.45 percent from 92.47 percent in the last year period.

"NextEra Energy Partners grew distributions to $1.41 per common unit on an annualized basis, up 15 percent from the comparable quarterly distribution a year earlier, which was the top end of the range we discussed going into 2016," said Jim Robo, chairman and chief executive officer. "Throughout the year, NextEra Energy Partners delivered solid execution on our growth objectives. The partnership completed three acquisitions from our best-in-class sponsor, NextEra Energy Resources, that added a total of more than 700 megawatts to our portfolio in 2016, while also demonstrating a flexible and opportunistic approach to financing with a combination of project debt, HoldCo debt and equity. We continue to believe that the scale, financial strength, experience and track record of our sponsor is what sets NextEra Energy Partners apart from other companies in the space. Today, we announced an agreement between NextEra Energy Partners and NextEra Energy to structurally modify the incentive distribution rights fees on future growth. Centered on value creation for both NextEra Energy Partners common unitholders and NextEra Energy shareholders, we expect this modification to provide more cash available to limited partner unitholders, require fewer asset additions to achieve our growth objectives, extend our distribution growth runway and reduce our equity needs. With these changes, we are extending our 12 to 15 percent distribution growth outlook through at least 2022, and NextEra Energy Partners remains very well-positioned to continue delivering strong results and value for our unitholders."

The company has spent $1,148 million cash to meet investing activities during the year as against cash outgo of $1,836 million in the last year.

Cash flow from financing activities was $807 million for the year, down 50.82 percent or $834 million, when compared with the last year.

Cash and cash equivalents stood at $147 million as on Dec. 31, 2016, down 10.37 percent or $17 million from $164 million on Dec. 31, 2015.

Debt moves up marginally
NextEra Energy Partners, LP has witnessed an increase in total debt over the last one year. It stood at $3,586 million as on Dec. 31, 2016, up 4.03 percent or $139 million from $3,447 million on Dec. 31, 2015. Interest coverage ratio deteriorated to 0.92 for the quarter from 1.88 for the same period last year.