---
schema_version: "secwatch.filing_event.v1"
accession: "0001603145-24-000007"
form_type: "8-K"
ticker: "XIFR"
cik: "0001603145"
company_name: "XPLR Infrastructure, LP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:55:41.147182+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001603145-24-000007
- form_type: 8-K
- ticker: XIFR
- cik: 0001603145
- company_name: XPLR Infrastructure, LP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603145/000160314524000007/0001603145-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603145/000160314524000007/nep-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603145-24-000007
- JSON: https://secwatch.observer/filing/0001603145-24-000007.json
- Plain text: https://secwatch.observer/filing/0001603145-24-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314524000007/0001603145-24-000007-index.htm
- Earnings Releases
  XPLR Infrastructure, LP reported financial results for first-quarter 2024.
  - Period: first-quarter 2024
  - Result: reported results
  source text: NextEra Energy Partners, LP (NYSE: NEP) today reported first-quarter 2024 net income attributable to NextEra Energy Partners of $70 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314524000007/0001603145-24-000007-index.htm
- Earnings Releases
  XPLR Infrastructure, LP reported financial results for first-quarter 2024.
  - Period: first-quarter 2024
  - Result: reported results
  source text: NextEra Energy Partners also reported first-quarter 2024 adjusted EBITDA of $462 million and cash available for distribution (CAFD) of $164 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603145/000160314524000007/0001603145-24-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.