Company research
XPLR Infrastructure, LP
CIK 1603145Updated Nov 5, 2026
SecurityXIFR · NYSE · equity
Name history
NextEra Energy Partners, LP · through Oct 24, 2024NEXTERA ENERGY PARTNERS, LP · through Oct 24, 2024
XIFR price & chart
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NYSE:XIFR on TradingView ↗In the news
XPLR Infrastructure, LP announces the pricing of $750 million of 7.750% senior unsecured notes due 2034 News provided by XPLR Infrastructure, LP Nov 12, 2025, 16:15 ET Share this article Share to X Share this article Share to X JUNO BEACH, Fla. , Nov. 12, 2025 /PRNewswire/ -- XPLR Infrastructure, LP ↗
Seeking Alpha
XPLR Infrastructure: 82% Free-Cash-Flow Yield Makes This A High Risk/High Reward Candidate ↗
Cadiz leads the most shorted utility stocks with less than $2B market cap ↗
XPLR Infrastructure outlines 2027 adjusted EBITDA of $1.56B-$1.70B with focus on interconnection monetization and storage reinvestment ↗
SEC disclosures
XPLR Infrastructure, LP IPO declared effective by SEC ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
EFFECT filing
POS AM filing
SCHEDULE 13G/A - filed by Anchorage Capital Advisors, L.P. regarding XPLR Infrastructure, LP
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 19,125,000,000Source | 20,904,000,000Source | 23,213,000,000Source | 20,496,000,000Source | 21,704,000,000Source | 19,513,000,000Source | 21,402,000,000Source | 22,336,000,000Source | 19,595,000,000Source | 20,292,000,000Source | 22,511,000,000Source | 23,052,000,000Source |
| Property, Plant and Equipment, NetUSD | 15,050,000,000Source | 14,614,000,000Source | 15,693,000,000Source | 14,871,000,000Source | 14,643,000,000Source | 15,291,000,000Source | 14,783,000,000Source | 14,732,000,000Source | 15,366,000,000Source | 14,555,000,000Source | 14,837,000,000Source | 14,949,000,000Source |
| GoodwillUSD | 0Source | 828,000,000Source | 913,000,000Source | 0Source | 833,000,000Source | — | 0Source | 833,000,000Source | 0Source | 253,000,000Source | 833,000,000Source | 891,000,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 711,000,000Source | 290,000,000Source | 332,000,000Source | 880,000,000Source | 281,000,000Source | 943,000,000Source | 1,530,000,000Source | 245,000,000Source | 960,000,000Source | 283,000,000Source | 274,000,000Source | 235,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 109,000,000Source | 116,000,000Source | 139,000,000Source | 148,000,000Source | 151,000,000Source | 130,000,000Source | 128,000,000Source | 133,000,000Source | 102,000,000Source | 105,000,000Source | 114,000,000Source | 137,000,000Source |
| Inventory, NetUSD | 100,000,000Source | 102,000,000Source | 78,000,000Source | 100,000,000Source | 93,000,000Source | 107,000,000Source | 104,000,000Source | 88,000,000Source | 103,000,000Source | 108,000,000Source | 82,000,000Source | 51,000,000Source |
| Assets, CurrentUSD | 1,214,000,000Source | 852,000,000Source | 1,122,000,000Source | 1,456,000,000Source | 1,500,000,000Source | 1,428,000,000Source | 2,079,000,000Source | 2,183,000,000Source | 1,422,000,000Source | 860,000,000Source | 2,216,000,000Source | 1,862,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 7,000,000Source | 27,000,000Source | 27,000,000Source | 24,000,000Source |
| Other Assets, NoncurrentUSD | 532,000,000Source | 894,000,000Source | 452,000,000Source | 683,000,000Source | 976,000,000Source | 572,000,000Source | 1,011,000,000Source | 803,000,000Source | 534,000,000Source | 1,023,000,000Source | 785,000,000Source | 333,000,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 8,148,000,000Source | 7,300,000,000Source | 8,803,000,000Source | 9,225,000,000Source | 7,839,000,000Source | 8,780,000,000Source | 8,848,000,000Source | 8,358,000,000Source | 8,696,000,000Source | 7,426,000,000Source | 8,454,000,000Source | 8,280,000,000Source |
| Stockholders’ equity: | ||||||||||||
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -5,000,000Source | -6,000,000Source | -7,000,000Source | -6,000,000Source | -7,000,000Source | -5,000,000Source | -6,000,000Source | -7,000,000Source | -5,000,000Source | -6,000,000Source | -7,000,000Source | -7,000,000Source |
| Liabilities and EquityUSD | 19,125,000,000Source | 20,904,000,000Source | 23,213,000,000Source | 20,496,000,000Source | 21,704,000,000Source | 19,513,000,000Source | 21,402,000,000Source | 22,336,000,000Source | 19,595,000,000Source | 20,292,000,000Source | 22,511,000,000Source | 23,052,000,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 1,624,000,000Source | 422,000,000Source | 1,840,000,000Source | 1,895,000,000Source | 1,150,000,000Source | 1,400,000,000Source | 1,125,000,000Source | 1,604,000,000Source | 1,568,000,000Source | 1,087,000,000Source | 1,671,000,000Source | 1,326,000,000Source |
| Other Liabilities, NoncurrentUSD | 194,000,000Source | 258,000,000Source | 211,000,000Source | 226,000,000Source | 216,000,000Source | 186,000,000Source | 222,000,000Source | 236,000,000Source | 188,000,000Source | 200,000,000Source | 248,000,000Source | 196,000,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 22,000,000Source | 23,000,000Source | 22,000,000Source | 20,000,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 999,000,000Source | 100,000,000Source | 1,342,000,000Source | 1,026,000,000Source | 850,000,000Source | 617,000,000Source | 519,000,000Source | 1,349,000,000Source | 762,000,000Source | 705,000,000Source | 1,348,000,000Source | 38,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,861,000,000Source | 5,074,000,000Source | 5,139,000,000Source | 5,608,000,000Source | 4,924,000,000Source | 5,711,000,000Source | 5,986,000,000Source | 4,942,000,000Source | 5,440,000,000Source | 4,609,000,000Source | 4,941,000,000Source | 5,250,000,000Source |
| Partners' Capital, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 10,899,000,000Source | 12,866,000,000Source | 14,057,000,000Source | 14,671,000,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | 0Source | — | — | — | — | — | — | — | 0Source | 101,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling Interest | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -64,000,000Source | -83,000,000Source | 36,000,000Source | 58,000,000Source | -48,000,000Source | -328,000,000Source | -436,000,000Source | -411,000,000Source | 218,000,000Source | 1,121,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -43,000,000Source | -41,000,000Source | -42,000,000Source | 1,000,000Source | 34,000,000Source | 171,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -5,000,000Source | 90,000,000Source | 739,000,000Source | 800,000,000Source | 731,000,000Source | 776,000,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -19,000,000Source | -49,000,000Source | 630,000,000Source | 1,236,000,000Source | -194,000,000Source | -1,194,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 0Source | -6,000,000Source | -24,000,000Source | -27,000,000Source | -1,000,000Source | -6,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 25,000,000Source | 89,000,000Source | 958,000,000Source | 241,000,000Source | 1,269,000,000Source | 1,351,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 2,000,000Source | 1,217,000,000Source | -674,000,000Source | -2,002,000,000Source | -527,000,000Source | 551,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -3,000,000Source | -1,000,000Source | -12,000,000Source | -10,000,000Source | -2,000,000Source | -18,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -22,000,000Source | 1,258,000,000Source | 695,000,000Source | 34,000,000Source | 10,000,000Source | 133,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 775,000,000Source | 346,000,000Source | 930,000,000Source | 321,000,000Source | 1,001,000,000Source | 1,586,000,000Source | 1,023,000,000Source | 328,000,000Source | 294,000,000Source | 284,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 135,000,000Source | 66,000,000Source | 167,000,000Source | 193,000,000Source | 250,000,000Source | 154,000,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 8,000,000Source | 4,000,000Source | 45,000,000Source | -47,000,000Source | -1,000,000Source | 0Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | 16,000,000Source | 15,000,000Source | 17,000,000Source | 13,000,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 20,000,000Source | 20,000,000Source | 83,000,000Source | 82,000,000Source | 82,000,000Source | 143,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 18,000,000Source | 17,000,000Source | 15,000,000Source | 12,000,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 544,000,000Source | 531,000,000Source | 504,000,000Source | 400,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | — | — | — | — | 9,000,000Source | 13,000,000Source | 375,000,000Source | 36,000,000Source |
| GoodwillUSD | — | — | 0Source | 828,000,000Source | 0Source | 833,000,000Source | — | 0Source | 0Source | 253,000,000Source | 833,000,000Source | 891,000,000Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 253,000,000Source | 253,000,000Source | 575,000,000Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -83,000,000Source | — | 58,000,000Source | — | — | -399,000,000Source | -411,000,000Source | -232,000,000Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 0Source | — | 0Source | — | — | -37,000,000Source | 0Source | 450,000,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 66,000,000Source | 30,000,000Source | 31,000,000Source | 48,000,000Source | 12,000,000Source | 16,000,000Source | 127,000,000Source | 107,000,000Source | 152,000,000Source | 183,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 43,000,000Source | 34,000,000Source | -41,000,000Source | 21,000,000Source | -51,000,000Source | -42,000,000Source | -78,000,000Source | -46,000,000Source | -25,000,000Source | 171,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -37,000,000Source | -40,000,000Source | 79,000,000Source | 62,000,000Source | 33,000,000Source | -98,000,000Source | -28,000,000Source | -23,000,000Source | 200,000,000Source | 477,000,000Source |
| Nonoperating Income (Expense)USD | — | — | -23,000,000Source | -79,000,000Source | -95,000,000Source | 13,000,000Source | -82,000,000Source | -116,000,000Source | -291,000,000Source | 2,000,000Source | -229,000,000Source | 1,095,000,000Source |
| Operating ExpensesUSD | — | — | 308,000,000Source | 284,000,000Source | 261,000,000Source | 293,000,000Source | 292,000,000Source | 515,000,000Source | 1,383,000,000Source | 1,702,000,000Source | 1,106,000,000Source | 1,050,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 5,000,000Source | 4,000,000Source | 8,000,000Source | 18,000,000Source | 8,000,000Source | 3,000,000Source | 22,000,000Source | 47,000,000Source | 9,000,000Source | 3,000,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 6,000,000Source | 19,000,000Source | 73,000,000Source | 2,000,000Source | 12,000,000Source | 17,000,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 3,000,000Source | 3,000,000Source | 4,000,000Source | 3,000,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 294,000,000Source | 1,754,000,000Source | 3,448,000,000Source | 354,000,000Source | 2,362,000,000Source | 1,505,000,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 177,000,000Source | 1,115,000,000Source |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | —Source | —Source | — | — | —Source | —Source | — | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | —Source | —Source | — | — | —Source | —Source | — | — | — | — |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 315,000,000Source | 319,000,000Source | 342,000,000Source | 360,000,000Source | 275,000,000Source | 282,000,000Source | 1,188,000,000Source | 1,230,000,000Source | 1,078,000,000Source | 1,211,000,000Source |
| Operating Income (Loss)USD | — | — | 5,000,000Source | 49,000,000Source | 90,000,000Source | 66,000,000Source | -17,000,000Source | -233,000,000Source | -186,000,000Source | -459,000,000Source | -28,000,000Source | 197,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 5,000,000Source | 4,000,000Source | 8,000,000Source | 18,000,000Source | 8,000,000Source | 3,000,000Source | 22,000,000Source | 47,000,000Source | 9,000,000Source | 3,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -18,000,000Source | -30,000,000Source | -5,000,000Source | 79,000,000Source | -99,000,000Source | -349,000,000Source | -477,000,000Source | -457,000,000Source | -257,000,000Source | 1,292,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 43,000,000Source | 34,000,000Source | -41,000,000Source | 21,000,000Source | -51,000,000Source | -42,000,000Source | -78,000,000Source | -46,000,000Source | -25,000,000Source | 171,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -37,000,000Source | -40,000,000Source | 79,000,000Source | 62,000,000Source | 33,000,000Source | -98,000,000Source | -28,000,000Source | -23,000,000Source | 200,000,000Source | 477,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.4Source | -0.43Source | 0.84Source | 0.66Source | 0.35Source | -1.05Source | -0.3Source | -0.25Source | 2.18Source | 5.62Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.4Source | -0.43Source | 0.84Source | 0.66Source | 0.35Source | -1.05Source | — | — | — | 5.62Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 94,000,000Source | 93,500,000Source | 94,000,000Source | 93,500,000Source | 94,100,000Source | 93,700,000Source | 93,900,000Source | 93,500,000Source | 91,600,000Source | 84,900,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 94,000,000Source | 93,500,000Source | 94,000,000Source | 93,500,000Source | 94,100,000Source | 93,700,000Source | 93,900,000Source | 93,500,000Source | 91,600,000Source | 84,900,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 20,000,000Source | 20,000,000Source | 83,000,000Source | 82,000,000Source | 82,000,000Source | 143,000,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | — | — | — | — | — | — | — | 3,000,000Source | — |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 253,000,000Source | 253,000,000Source | 575,000,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -83,000,000Source | — | 58,000,000Source | — | — | -399,000,000Source | -411,000,000Source | -232,000,000Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -0.37Source | -0.31Source | — | 0.66Source | 0.35Source | -0.94Source | -0.07Source | -0.25Source | 0.34Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 0Source | — | 0Source | — | — | -37,000,000Source | 0Source | 450,000,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 66,000,000Source | 30,000,000Source | 31,000,000Source | 48,000,000Source | 12,000,000Source | 16,000,000Source | 127,000,000Source | 107,000,000Source | 152,000,000Source | 183,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | -94,000,000Source | -124,000,000Source | -131,000,000Source | -54,000,000Source | -102,000,000Source | -135,000,000Source | -437,000,000Source | -170,000,000Source | -394,000,000Source | 853,000,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | — | — | -40,000,000Source | — | 62,000,000Source | — | — | -7,000,000Source | -23,000,000Source | 31,000,000Source | — |
| Nonoperating Income (Expense)USD | — | — | -23,000,000Source | -79,000,000Source | -95,000,000Source | 13,000,000Source | -82,000,000Source | -116,000,000Source | -291,000,000Source | 2,000,000Source | -229,000,000Source | 1,095,000,000Source |
| Operating ExpensesUSD | — | — | 308,000,000Source | 284,000,000Source | 261,000,000Source | 293,000,000Source | 292,000,000Source | 515,000,000Source | 1,383,000,000Source | 1,702,000,000Source | 1,106,000,000Source | 1,050,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | —Source | —Source | — | — | —Source | —Source | — | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | —Source | —Source | — | — | —Source | —Source | — | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | —Source | —Source | — | — | —Source | —Source | — | — | — | — |
Offerings
Registration 333-275475
Registration 333-294702
Filing attachments
xplr-q42025xex412.htm · 10-K · 2026-02-17
Exhibit 4.12 Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 As of February 1, 2026 (“Description Date”), XPLR Infrastructure, LP (“XPLR”) had one class of securities registered under Section 12 of the Securities Exchange Act of 1934 - its common units representing limited partner interests in XPLR (“common units”). The common units are listed on The New York Stock Exchange (“NYSE”) under the symbol “XIFR.” The following description is as o…
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