Nextera Energy Partners ( (XIFR) ) has released its Q1 earnings. Here is a breakdown of the information Nextera Energy Partners presented to its investors.
XPLR Infrastructure, LP, a limited partnership based in Juno Beach, Florida, specializes in clean energy infrastructure with a diverse portfolio that includes wind, solar, battery storage, and natural gas pipeline assets across the United States.
In its first-quarter 2025 earnings report, XPLR Infrastructure, LP reported a net loss of $98 million, primarily due to a non-cash goodwill impairment charge. Despite this, the company saw a slight increase in adjusted EBITDA to $471 million, driven by higher net generation and lower cash operating expenses.
Key highlights from the report include the successful issuance of $1,750 million in senior unsecured notes and the completion of a buyout of the XPLR Renewables II convertible equity portfolio. The company remains committed to its repowering program and has reaffirmed its financial expectations for 2025 and 2026.
Looking forward, XPLR Infrastructure maintains its adjusted EBITDA expectations for 2025 between $1.85 billion and $2.05 billion, with a slight decline anticipated in 2026 due to the potential sale of the Meade pipeline investment. The company plans to use proceeds from this sale to repay associated debts and for other business purposes.
Overall, XPLR Infrastructure continues to focus on strengthening its balance sheet and investing in high-quality assets, aiming to enhance financial flexibility and long-term portfolio value for its unitholders.