NextEra Texas natural gas pipeline portfolio — pivotal divestiture as NextEra exits midstream to focus on contracted clean energy
NextEra Energy Partners' major Texas natural gas pipeline divestiture — part of strategic shift away from midstream and toward pure-play contracted renewables. Projected to decrease adjusted EBITDA by ~$105M in 2026 vs prior plan. Followed May 2023 strategic announcement to divest gas pipelines.
Undisclosed (~$105M EBITDA impact)
Deal Value
Natural Gas
Technology
TX
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- NextEra Energy Partners
- Buyer / Financier
- Kinder Morgan (and other purchasers)
- Deal Value
- Undisclosed (~$105M EBITDA impact)
- Stage
- Operating
- ISO/RTO
- ERCOT
- Source
- NextEra Energy Partners
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