NextEra Energy Partners Q1 net income $70M; reaffirms 6% distribution growth target through 2026

XPLR Infrastructure, LP

2024-Q1 EPS reported $0.00 revenue$257,000,000

Q1 net income $70M; adjusted EBITDA $462M; CAFD $164M.
Quarterly distribution $0.8925/unit (annualized $3.57), up 6% YoY; payable May 15.
Plans to repower additional ~100 MW of wind facilities; total announced ~1,085 MW toward 1.3 GW target.
No acquisition needed in 2024; no growth equity required until 2027; payout ratio mid-90s through 2026.
Run-rate outlook: 2025 CAFD $730M-$820M; adjusted EBITDA $1.9B-$2.1B from year-end 2024 portfolio.

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 0.9

XPLR Infrastructure, LP updated its run-rate at Dec. 31, 2024 guidance (reaffirmed).

Period: run-rate at Dec. 31, 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

NextEra Energy Partners continues to expect run-rate contributions for adjusted EBITDA and CAFD from its forecasted portfolio at Dec. 31, 2024, to be in the ranges of $1.9 billion to $2.1 billion and $730 million to $820 million, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPLR Infrastructure, LP reported financial results for first-quarter 2024.

Period: first-quarter 2024
Result: reported results

Exact text from the filing

NextEra Energy Partners, LP (NYSE: NEP) today reported first-quarter 2024 net income attributable to NextEra Energy Partners of $70 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPLR Infrastructure, LP reported financial results for first-quarter 2024.

Period: first-quarter 2024
Result: reported results

Exact text from the filing

NextEra Energy Partners also reported first-quarter 2024 adjusted EBITDA of $462 million and cash available for distribution (CAFD) of $164 million.

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Source: SEC EDGAR

accession 0001603145-24-000007

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