Highest-materiality recent filing
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 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 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 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.
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