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ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Investors to Secure Counsel Before Important Deadline in Securities Class Action – XIFR, NEP
GlobeNewswire News Room· 2025-08-21 22:49
Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure, LP (formerly Nextera Energy Partners, LP) for misleading statements made during the Class Period from September 27, 2023, to January 27, 2025, potentially affecting investors' rights and financial interests [1][5]. Group 1: Lawsuit Details - The lawsuit claims that XPLR was struggling to maintain its operations as a yieldco, which focuses on delivering cash distributions to investors [5]. - Defendants allegedly made false statements and failed to disclose significant risks associated with financing arrangements that temporarily alleviated operational issues [5]. - The lawsuit asserts that XPLR's business model and distribution growth rate were unsustainable, leading to planned halts in cash distributions to investors [5]. Group 2: Investor Information - Investors who purchased XPLR common units during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must be appointed by September 8, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its leadership in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].
XIFR, NEP Investors Have Opportunity to Lead XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Securities Fraud Lawsuit
Prnewswire· 2025-08-18 21:59
Core Viewpoint - Rosen Law Firm is reminding purchasers of common units of XPLR Infrastructure, LP about the lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during the class period from September 27, 2023, to January 27, 2025 [1][5]. Group 1: Class Action Details - Investors who purchased XPLR common units during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by September 8, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by Law360, highlighting the firm's expertise in this area [4]. Group 3: Allegations Against XPLR - The lawsuit alleges that XPLR made false and misleading statements regarding its operations as a yieldco, including struggles to maintain operations and the unsustainability of its business model [5]. - It is claimed that XPLR entered financing arrangements to temporarily alleviate operational issues while downplaying associated risks [5]. - The lawsuit asserts that XPLR's public statements were materially false and misleading, leading to investor damages when the true situation was revealed [5].
ROSEN, LEADING TRIAL ATTORNEYS, Encourages XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Investors to Secure Counsel Before Important Deadline in Securities Class Action – XIFR, NEP
GlobeNewswire News Room· 2025-08-15 21:45
Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure, LP (formerly Nextera Energy Partners, LP) for misleading statements made during the Class Period from September 27, 2023, to January 27, 2025, potentially affecting investors' rights and financial interests [1][5]. Group 1: Lawsuit Details - The lawsuit alleges that XPLR was struggling to maintain its operations as a yieldco, which is a business model focused on delivering cash distributions to investors [5]. - Defendants reportedly made false and misleading statements regarding the company's financial health and operational sustainability, which led to investor damages when the truth was revealed [5]. - The lawsuit claims that XPLR entered into financing arrangements to temporarily alleviate operational issues but downplayed the associated risks, ultimately leading to a halt in cash distributions to investors [5]. Group 2: Investor Information - Investors who purchased XPLR common units during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must be appointed by September 8, 2025, to represent the interests of other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Investors to Secure Counsel Before Important Deadline in Securities Class Action – XIFR, NEP
GlobeNewswire News Room· 2025-08-12 23:21
Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure, LP (formerly Nextera Energy Partners, LP) for misleading statements made during the Class Period from September 27, 2023, to January 27, 2025, potentially affecting investors' rights and financial interests [1][5]. Group 1: Lawsuit Details - The lawsuit claims that XPLR was struggling to maintain its operations as a yieldco, which focuses on delivering cash distributions to investors [5]. - Defendants allegedly made false statements and failed to disclose significant risks associated with financing arrangements that temporarily alleviated operational issues [5]. - The lawsuit asserts that XPLR's business model and distribution growth rate were unsustainable, leading to planned halts in cash distributions to investors [5]. Group 2: Investor Actions - Investors who purchased XPLR common units during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by September 8, 2025, to represent the class in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its leadership in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
NextEra Energy Partners(NEP) - 2025 Q2 - Quarterly Report
2025-08-07 20:47
OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number Exact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone number IRS Employer Identification Number 1-36518 XPLR INFRASTRUCTURE, LP 30-0818558 700 Universe Boulevard Juno Beach, Florida 33408 (561) 694-4000 FO ...
NextEra Energy Partners(NEP) - 2025 Q2 - Quarterly Results
2025-08-07 20:42
Exhibit 99 XPLR Infrastructure, LP Media.relations@XPLRInfrastructure.com Aug. 7, 2025 FOR IMMEDIATE RELEASE XPLR Infrastructure, LP reports second-quarter 2025 financial results JUNO BEACH, Fla. - XPLR Infrastructure, LP (NYSE: XIFR) today reported second-quarter 2025 net income attributable to XPLR Infrastructure of $79 million. XPLR Infrastructure also reported second-quarter 2025 adjusted EBITDA of $557 million, essentially in line with the comparable prior-year period. Free cash flow before growth (FCF ...
NextEra Energy Partners(NEP) - 2025 Q2 - Earnings Call Presentation
2025-08-07 20:00
XPLR Infrastructure, LP Second Quarter 2025 Presentation Other See Appendix for definitions of Adjusted EBITDA and Free Cash Flow Before Growth expectations. 2 ibdroot\projects\IBD-NY\xeric2025\944088_1\02. Presentation\04. NDR\XPLR_Credit NDR_DRAFT_v43.pptx Cautionary Statements and Risk Factors That May Affect Future Results This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. F ...
NextEra Energy Partners(NEP) - 2025 Q1 - Earnings Call Presentation
2025-07-02 11:51
Company Overview - XPLR Infrastructure operates approximately 10 GW of clean energy assets across 31 U S states[10, 13] - The company is the 3rd largest producer of wind and solar energy in the U S [11, 13, 54], with approximately 8 0 GW of wind, 1 8 GW of solar, and 0 2 GW of storage[11] - XPLR Infrastructure's net asset book value is approximately $20 billion, and its enterprise value is approximately $15 billion as of March 31, 2025[13] - The company's portfolio is diversified by technology, with wind accounting for 79%, solar for 18%, and battery storage for 3%[15] Financial Performance and Expectations - XPLR Infrastructure's 2024A Adjusted EBITDA was approximately $2 billion, and its 2024A Free Cash Flow Before Growth (FCFBG) was approximately $0 8 billion[13] - The company reaffirms its 2025 Adjusted EBITDA expectation of $1 85 billion - $2 05 billion[42] - The company expects 2026 Adjusted EBITDA to be $1 75 billion - $1 95 billion and FCFBG to be $600 million - $700 million[42, 54] - In Q1 2025, Adjusted EBITDA was $471 million and FCFBG was $194 million[38, 39] Capital Allocation and Strategy - The company completed a $1 75 billion HoldCo financing[34] - XPLR Infrastructure completed approximately $930 million buyout of CEPF 11 and plans to refinance those assets with traditional project debt[35] - The company is targeting approximately $1 1 billion to $1 2 billion in project-level financing in 2025 to support repowering capex[36]
NextEra Energy Partners(NEP) - 2025 Q1 - Quarterly Report
2025-05-08 20:27
Financial Risks - XPLR's substantial amount of indebtedness may adversely affect its ability to operate and comply with financial obligations[19] - XPLR's long-term debt was approximately $6.5 billion as of March 31, 2025, with an estimated fair value of $6.4 billion[121] - Approximately 99% of XPLR's long-term debt was either fixed rate or financially hedged, minimizing exposure to interest rate fluctuations[121] - A hypothetical 10% decrease in interest rates would increase the fair value of XPLR's long-term debt by approximately $118 million[121] - XPLR had interest rate contracts with a net notional amount of approximately $4.0 billion to manage cash flow variability associated with debt issuances[122] - A hypothetical 10% decrease in rates would decrease XPLR's net derivative assets by approximately $63 million[124] - XPLR is exposed to counterparty credit risk, which could impact expected cash flows, and manages this risk through credit policies and a diversified portfolio of counterparties[125] - Future tax liabilities for XPLR may exceed expectations if net operating losses are insufficient to offset taxable income[1] - Distributions to unitholders may be taxable as dividends, impacting their overall returns[1] Operational Risks - XPLR's renewable energy projects are significantly affected by wind and solar conditions, which can impact cash flows[15] - The company relies on a limited number of customers and vendors, exposing it to credit and performance risks[15] - Government incentives for clean energy could be changed or eliminated, negatively impacting XPLR's project development[19] - XPLR's financial condition is highly dependent on the performance of NEER in returning funds received from XPLR OpCo[19] - The ability to develop and acquire assets involves risks related to project siting, financing, and governmental approvals[19] - The company faces competition from regulated utility holding companies and independent power producers in the U.S.[19] - XPLR's business is subject to environmental, health, and safety regulations, which may require significant capital expenditures[15] Governance and Structure - XPLR's ability to execute its business plan depends on cash distributions from its subsidiaries[1] - Holders of XPLR's common units may face voting restrictions and limited remedies for breaches of fiduciary duties[1] - The company may not be able to extend or renew expiring power purchase agreements at favorable rates[15] - XPLR's insurance coverage may not protect against all significant losses, affecting its financial stability[15]
NextEra Energy Partners(NEP) - 2025 Q1 - Quarterly Results
2025-05-08 20:24
Financial Performance - XPLR Infrastructure reported a first-quarter 2025 net loss of $98 million, with adjusted EBITDA of $471 million, up approximately 2% year-over-year [2]. - Operating revenues for Q1 2025 increased to $282 million, up from $257 million in Q1 2024, representing a growth of 9.7% [17]. - Total operating expenses surged to $515 million in Q1 2025, compared to $278 million in Q1 2024, primarily due to a goodwill impairment charge of $253 million [17]. - Net loss attributable to XPLR was $98 million in Q1 2025, a significant decline from a net income of $70 million in Q1 2024, marking a year-over-year change of 240% [17]. - Adjusted EBITDA for Q1 2025 was $471 million, slightly up from $462 million in Q1 2024, indicating a marginal increase of 1.9% [19]. - Free cash flow before growth (FCFBG) was $194 million in Q1 2025, compared to $195 million in Q1 2024, showing a slight decrease of 0.5% [19]. Future Projections - The company expects adjusted EBITDA for 2025 to be between $1.85 billion and $2.05 billion, and for 2026 to be between $1.75 billion and $1.95 billion, primarily due to the exclusion of contributions from the Meade pipeline investment [4]. - Free cash flow before growth (FCFBG) for 2025 is not provided due to transition year impacts, but is expected to be in the range of $600 million to $700 million in 2026 [5]. Financing and Investments - XPLR Infrastructure executed a financing plan through the issuance of $1,750 million in senior unsecured notes [6]. - The company completed the buyout of the XPLR Renewables II convertible equity portfolio financing in April 2025 [6]. - XPLR Infrastructure is focused on strengthening its balance sheet and investing in high-quality assets, including the buyout of third-party ownership interests in its 1.1-gigawatt XPLR Renewables II portfolio [3]. - The company anticipates using proceeds from the expected Meade pipeline investment sale to repay associated project-level debt [4]. Asset and Debt Management - Cash and cash equivalents rose significantly to $1.53 billion as of March 31, 2025, compared to $283 million at the end of 2024, reflecting a substantial increase of 441% [22]. - Total assets increased to $21.4 billion as of March 31, 2025, up from $20.3 billion at the end of 2024, representing a growth of 5.5% [22]. - Long-term debt increased to $5.99 billion as of March 31, 2025, compared to $4.61 billion at the end of 2024, indicating a rise of 30% [22]. Operational Updates - The company remains on track for its previously announced repowering program [6]. - XPLR Infrastructure's portfolio includes diversified clean energy assets across wind, solar, and battery storage projects in the U.S. [7]. - The weighted-average number of common units outstanding remained stable at approximately 93.7 million for both Q1 2025 and Q1 2024 [17].