8-K
filed October 24, 2023, 7:59 PM ET
ticker XIFR
CIK 0001603145
earnings
confidence high
sentiment positive
materiality 0.70
NextEra Energy Partners Q3 net income $53M; raises distribution 6%, plans 740 MW wind repowering
XPLR Infrastructure, LP
2023-Q3 EPS reported
$0.96
revenue$1,018,000,000
- Q3 net income $53M; adjusted EBITDA $488M; CAFD $247M.
- Quarterly distribution raised 6% to $0.8675/unit ($3.47 annualized), payable Nov 14, record Nov 6.
- Plans to repower ~740 MW of wind facilities through 2026, funded by tax equity or project debt.
- Pipeline sale process continuing; proceeds expected to cover equity buyouts through 2025; completed $402M STX buyout via revolvers.
- 2023 run-rate guidance: adj. EBITDA $1.9-2.1B, CAFD $730-820M; no growth equity needed until 2027.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
XPLR Infrastructure, LP reported financial results for third-quarter 2023.
- Period
- third-quarter 2023
- Result
- reported results
Exact text from the filing
NextEra Energy Partners also reported third-quarter 2023 adjusted EBITDA of $488 million and cash available for distribution (CAFD) of $247 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
XPLR Infrastructure, LP updated its year-end 2023 run-rate guidance (reaffirmed).
- Period
- year-end 2023 run-rate
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
NextEra Energy Partners expects run-rate contributions for adjusted EBITDA and CAFD from its forecasted portfolio at Dec. 31, 2023, to be in the ranges of $1.9 billion to $2.1 billion and $730 million to $820 million, respectively.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
XPLR Infrastructure, LP updated its 2023 guidance (reaffirmed).
- Period
- 2023
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
For 2023, the partnership currently expects the annualized rate of the fourth-quarter 2023 distribution that is payable in February of 2024 to be $3.52 per common unit.
View on SEC.gov
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