Highest-materiality recent filing
XPLR Infrastructure Q1 net income $33M, adj. EBITDA $435M; reaffirms 2026 guidance
Q1 2026 net income attributable to XPLR Infrastructure $33M; adjusted EBITDA $435M.
XPLR Infrastructure subsidiaries borrow $232M under senior secured term loan facility
Indirect subsidiaries borrowed ~$232 million on April 10, 2026 under a limited-recourse senior secured variable rate term loan.
XPLR Infrastructure launches $300M at-the-market equity issuance program
Renewed ATM program allows sale of up to $300M in common units through Barclays, KeyBanc, and Scotia Capital.
XPLR commits ~$315M for 49% stake in 4 battery storage JVs; renews $300M ATM program
Borrowed ~$174M under limited-recourse senior secured variable rate term loan; $376M remains available.
XPLR Q4 adj EBITDA $396M; cuts revolver to $1.25B, 2031 maturity; battery co-invest with NextEra
Q4 net income $29M, adj EBITDA $396M, FCFBG $111M.
XPLR Infrastructure subsidiary enters $550M loan; subsidiaries borrow $169M
Glenn Holdings (subsidiary) into $550M limited-recourse senior secured variable rate loan, maturing Dec 2030.
XPLR Infrastructure subsidiary issues $750M of 7.750% senior notes due 2034
XPLR OpCo issued $750M aggregate principal amount of 7.750% senior unsecured notes maturing April 15, 2034.
XPLR launches $750M notes due 2034, tender for 2026 notes; TTM adj. EBITDA $1.97B
Offering $750M senior unsecured notes due 2034 via XPLR OpCo; proceeds to fund tender for 3.875% notes due 2026 and refinance debt.
XPLR Infrastructure prices $750M of 7.750% senior unsecured notes due 2034
XPLR OpCo priced $750M of 7.750% senior unsecured notes due 2034; net proceeds ~$740M.
XPLR Infrastructure Q3 net loss $37M; adjusted EBITDA $455M flat YoY
Net loss attributable to XPLR of $37M; adjusted EBITDA $455M flat YoY; FCFBG $179M down 5%.
XPLR completes sale of Meade pipeline investment for $1.1B cash to Ares Management affiliates
Total cash consideration of approximately $1.1B from sale of interests in Meade Pipeline Co and Redwood Meade Midstream.
XPLR Infrastructure to sell pipeline assets to Ares Management for $1.1B
XPLR subsidiaries to sell 100% of Meade Pipeline Co interests and a 15% indirect interest in Meade to Ares affiliates.
XPLR reports Q2 adj. EBITDA $557M, FCFBG $261M; signs $1.078B Meade pipeline sale
Q2 2025 net income $79M; adjusted EBITDA $557M (in line YoY); FCFBG $261M (+6% YoY).
XPLR subsidiaries close ~$338M in project-level debt financing for renewable assets
Clark Holdings borrowed $254M fully drawn; Lewis Holdings drew ~$84M of a $172M facility.
XPLR Infrastructure Q1 net loss $98M; adj. EBITDA $471M, reaffirms 2025-26 targets
Net loss $98M includes non-cash goodwill impairment; adjusted EBITDA $471M (+2% YoY).
XPLR unitholders elect all four director nominees, ratify auditor, approve say-on-pay
Directors elected: Susan D. Austin (85.9%), Robert J. Byrne (86.1%), John W. Ketchum (66.4%), Peter H. Kind (86.5%).
XPLR subsidiary issues $1.75B in senior unsecured notes at 8.375%-8.625%
XPLR OpCo issued $825M of 8.375% senior notes due 2031 and $925M of 8.625% senior notes due 2033.
XPLR Infrastructure prices $1.75B senior notes at 8.375% and 8.625%
$1.75B aggregate: $825M 8.375% notes due 2031 and $925M 8.625% notes due 2033.
Offering of $1,400M in senior unsecured notes due 2031 and 2033 by subsidiary XPLR OpCo.
XPLR Infrastructure director Kujawa to retire May 22; controller May resigns, Gough appointed
Rebecca Kujawa notified her retirement from the Board, effective May 22, 2025.
Partnership renamed from NextEra Energy Partners, LP to XPLR Infrastructure, LP effective Jan 23, 2025.
Q3 net loss $40M; adjusted EBITDA $453M; cash available for distribution $155M.
NextEra Energy Partners Q2 net income $62M, distribution raised 6% to $0.905/unit
Adjusted EBITDA $560M; cash available for distribution (CAFD) $220M.
NextEra Energy Partners CFO T. Kirk Crews II resigns; Brian W. Bolster appointed as Director and CFO
T. Kirk Crews II resigned as Director and CFO effective May 6, 2024, to become EVP and Chief Risk Officer of NextEra Energy, Inc.
NextEra Energy Partners Q1 net income $70M; reaffirms 6% distribution growth target through 2026
Q1 net income $70M; adjusted EBITDA $462M; CAFD $164M.
appointed Michael H. Dunne to the Board, effective May 22, 2025, to succeed Ms. Kujawa as an XPLR GP Appointed Director
William J. Gough was appointed, effective May 22, 2025, to succeed Mr. May as Controller of the Company.
James M. May, Controller of the Company, resigned, effective May 22, 2025, in connection with his appointment to a new position with NextEra Energy, Inc. (NEE).
Rebecca Kujawa, a director of XPLR Infrastructure, LP (Company), notified the Company that she plans to retire from the Company’s Board of Directors (Board), effective May 22, 2025.
and Brian W. Bolster, Chief Financial Officer.
• Jessica Geoffroy, age 38, as Chief Financial Officer of the Partnership effective on January 27, 2025.
In addition on that day James M. May resigned as Chief Accounting Officer of the Partnership, but Mr. May will continue to serve as Controller
On January 27, 2025, the following individuals resigned as officers of the Partnership as part of management changes accompanying the Partnership's strategic repositioning: John W. Ketchum, Chief Executive Officer
Rebecca J. Kujawa, President;
appointed: • Alan Liu, age 42, as President and Chief Executive Officer of the Partnership effective on January 27, 2025.
T. Kirk Crews II resigned as a Director and as Chief Financial Officer of NextEra Energy Partners, LP (NEP), in which position he served as NEP's principal financial officer, effective May 6, 2024.
Effective May 6, 2024, Brian W. Bolster was appointed as a Director and as Chief Financial Officer of NEP to succeed Mr. Crews in those positions.
Max materiality 0.90 · Median 0.60 · Most common event debt