NextEra Energy Partners Q2 net income $49M, distribution up 12% YoY, reaffirms outlook

XPLR Infrastructure, LP

2023-Q2 EPS reported $0.38 revenue$650,000,000

Q2 net income $49M; adjusted EBITDA $486M; cash available for distribution $200M.
Completed acquisition of ~690 MW renewable projects from NextEra Energy Resources; portfolio now >10,000 MW.
Launched sale of Texas natural gas pipeline portfolio, on track to close by year-end 2023; proceeds to retire near-term convertible equity financings.
Declared quarterly distribution of $0.8540/unit ($3.42 annualized), ~12% growth YoY.
Outlook: distribution growth 12-15% through 2026; Q4 2023 annualized rate $3.64-$3.74; EBITDA run-rate $2.22B-$2.42B, CAFD $770M-$860M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XPLR Infrastructure, LP reported second-quarter 2023 results: net income $49 million. Guidance reaffirmed.

Period: second-quarter 2023
Net income: $49 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NextEra Energy Partners, LP (NYSE: NEP) today reported second-quarter 2023 net income attributable to NextEra Energy Partners of $49 million.

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Source: SEC EDGAR

accession 0001603145-23-000029

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