NextEra Energy Partners Q1 net loss $14M; acquires 690 MW renewable portfolio, distribution up 15% YoY

XPLR Infrastructure, LP

2023-Q1 EPS reported -$0.17 revenue$301,000,000

Net loss attributable to NEP of $14M; adjusted EBITDA $447M, CAFD $156M.
LP distributions per unit grew approximately 15% year-over-year.
Announced acquisition of ~690 MW long-term contracted operating renewable projects from NextEra Energy Resources.
Completed 50% buyout of STX Midstream convertible equity portfolio financing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPLR Infrastructure, LP reported First Quarter 2023 results: net income ($14 million).

Period: First Quarter 2023
Net income: ($14 million)
Result: reported results

Exact text from the filing

NextEra Energy Partners, LP (NYSE: NEP) today reported first-quarter 2023 net loss attributable to NextEra Energy Partners of $14 million. NextEra Energy Partners also reported first-quarter 2023 adjusted EBITDA of $447 million and cash available for distribution (CAFD) of $156 million.

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Source: SEC EDGAR

accession 0001603145-23-000013

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