NextEra Energy Partners, LP announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total operating Revenue was $197 million against $191 million a year ago. Operating income was $65 million against $59 million a year ago. Income before income taxes was $58 million against $224 million a year ago. Net loss was $56 million against net income of $189 million a year ago. Net loss attributable to company was $91 million against net income attributable to company of $42 million a year ago. Loss per common unit attributable to company basic and assuming dilution was $1.67 against earnings per common unit attributable to company basic and assuming dilution of $0.78 a year ago. Adjusted EBITDA of $199 million.

For the full year, the company reported total operating Revenue was $807 million against $772 million a year ago. Operating income was $307 million against $299 million a year ago. Income before income taxes was $276 million against $437 million a year ago. Net income was $109 million against $380 million a year ago. Net loss attributable to company was $65 million against net income attributable to company of $82 million a year ago. Loss per common unit attributable to company basic and assuming dilution was $1.20 against $1.88 a year ago. Adjusted EBITDA of $743 million, representing growth of approximately 16% year-over-year.

For the full year 2018, the partnership's previously announced Dec. 31, 2018, run rate expectations, reflecting calendar year 2019 expectations for the forecasted portfolio at year-end 2018, for adjusted EBITDA of $1.05 billion to $1.20 billion are now $1.00 billion to $1.15 billion as a result of the reduction to the federal income tax rate. The Dec. 31, 2018, run rate range for CAFD of $360 million to $400 million remains unchanged. These expectations are net of expected incentive distribution rights fees, as these fees are treated as an operating expense.