NextEra Energy Partners Q4 net income $112M; introduces 2024 run-rate EBITDA $1.9-2.1B

XPLR Infrastructure, LP

Q4 adjusted EBITDA $454M, CAFD $86M; FY adjusted EBITDA $1.875B (+13.6% YoY), CAFD $689M.
Declares quarterly distribution $0.88/unit ($3.52 annualized), a 6% increase, payable Feb 14.
Completed sale of Texas natural gas pipeline portfolio; proceeds to address equity buyouts.
Plans to repower ~245 MW of wind (total ~985 MW) through 2026.
2024 run-rate guidance: adj. EBITDA $1.9-2.1B, CAFD $730-820M; no acquisition needed for 6% growth.

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 fourth-quarter 2023 results: net income NextEra Energy Partners also reported fourth-quarter 2023 adjusted EBITDA of $454 million and cash available for distrib.

Period: fourth-quarter 2023
Net income: NextEra Energy Partners also reported fourth-quarter 2023 adjusted EBITDA of $454 million and cash available for distrib
Result: reported results

Exact text from the filing

NextEra Energy Partners, LP (NYSE: NEP) today reported fourth-quarter 2023 net income attributable to NextEra Energy Partners of $112 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XPLR Infrastructure, LP reported fourth-quarter 2023 results: net income NextEra Energy Partners also reported fourth-quarter 2023 adjusted EBITDA of $454 million and cash available for distrib.

Period: fourth-quarter 2023
Net income: NextEra Energy Partners also reported fourth-quarter 2023 adjusted EBITDA of $454 million and cash available for distrib
Result: reported results

Exact text from the filing

NextEra Energy Partners also reported fourth-quarter 2023 adjusted EBITDA of $454 million and cash available for distribution (CAFD) of $86 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XPLR Infrastructure, LP reported year-end 2024 run-rate results: net income introducing Dec. 31, 2024, run-rate expectations for adjusted EBITDA in a range of $1.9 billion to $2.1 billion and CAFD. Guidance initiated.

Period: year-end 2024 run-rate
Net income: introducing Dec. 31, 2024, run-rate expectations for adjusted EBITDA in a range of $1.9 billion to $2.1 billion and CAFD
Guidance: initiated
Result: guidance update

Exact text from the filing

NextEra Energy Partners is introducing Dec. 31, 2024, run-rate expectations for adjusted EBITDA in a range of $1.9 billion to $2.1 billion and CAFD in a range of $730 million to $820 million, reflecting calendar-year 2025 expectations for the forecasted portfolio at year-end 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPLR Infrastructure, LP reported full-year 2023 results: net income NextEra Energy Partners reported net income attributable to NextEra Energy Partners of $200 million..

Period: full-year 2023
Net income: NextEra Energy Partners reported net income attributable to NextEra Energy Partners of $200 million.
Result: reported results

Exact text from the filing

For the full year 2023, NextEra Energy Partners reported net income attributable to NextEra Energy Partners of $200 million.

View on SEC.gov

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XPLR Infrastructure, LP filing history →

Source: SEC EDGAR

accession 0001603145-24-000002

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