XPLR Infrastructure, LP (XIFR)

In the past six months, XIFR announced the results of a cash tender offer and the pricing of $750 million in senior unsecured notes. The company released its Third Quarter 2025 Earnings on November 4, 2025. Second Quarter 2025 Earnings were released on August 7, 2025, reporting $557 million in adjusted EBITDA and $261 million in Free Cash Flow Before Growth (FCFBG). The company's EPS of $0.84 for Q2 2025 beat estimates by 90%, despite a revenue shortfall. During this period, XIFR also completed 740 MW of repowering and secured $1 billion in project financing, while pursuing a $1.078 billion sale of its Meade pipeline, which was successfully completed. On January 12, 2026, the stock price was $10.42, with a total return of -50.64% over the last 12 months. The 52-week range has been between $7.53 and $17.73. The company removed its dividend, which led to an exodus of income investors.

XIFR's business model relies on contracted renewable energy projects with long-term PPAs, averaging 13 years, to provide predictable revenue and mitigate the impact of short-term demand seasonality. While renewable energy sources exhibit seasonal generation patterns, the contracted nature of XIFR's assets aims to stabilize revenue. The seasonality of renewable energy generation can still significantly influence monthly cash flows in project finance. The company's diversified portfolio, comprising 79% wind and 18% solar assets, helps in maintaining stable cash flows. Despite the long-term contracts, the company's Q2 2025 earnings report noted navigating challenges such as lower wind resources and revenue shortfalls.

XPLR Infrastructure LP (XIFR) operates in the Electric Utilities sector, focusing on renewable energy. It develops and operates wind, solar, and battery storage projects, and invests in natural gas pipelines. The company aims to generate value for unitholders through disciplined capital allocation.

The company's operations are primarily in the United States, with wind and solar projects across North America and natural gas infrastructure in Texas. The headquarters is located in Juno Beach, Florida.

XIFR rebranded from NextEra Energy Partners, LP in January 2025, changing its ticker symbol to XIFR on the NYSE on February 3, 2025, and introducing a new logo and website. The removal of the dividend, after 11 consecutive years of increases, led to an exodus of income investors. News and reports generally focus on earnings, strategic asset management, and financing activities, with no major negative events or controversies affecting its reputation in the past year.

Institutional investors hold a significant portion of XIFR's stock, reported at 53.29% (another source indicates 59.09%). Approximately 300 institutional owners collectively hold 51,132,202 shares. Major institutional owners include Apollo Management Holdings, L.P., Anchorage Capital Advisors, L.P., UBS Group AG, Brookfield Asset Management Inc., ING Groep N.V., and NextEra Energy, Inc. Individual insiders hold 0.468% of the shares, while the general public holds 46%.