Table of Contents FORM 10-K State or other jurisdiction of incorporation or organization: Delaware Securities registered pursuant to Section 12(b) of the Act: ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ | Commission | Exact name of registrant as specified in its | IRS Employer | ...

Core Viewpoint - NextEra Energy Partners (NEP) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Business Outlook - The upgrade reflects an improvement in NextEra Energy Partners' underlying business, suggesting that investor sentiment will likely drive the stock price higher [5]. - Over the past three months, the Zacks Consensus Estimate for NextEra Energy Partners has increased by 12.3%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting the superior earnings estimate revision feature of these stocks [9][10].

Core Viewpoint - XPLR Infrastructure, previously known as NextEra Energy Partners, is suspending its dividend due to financial constraints, marking a significant shift in its business model aimed at retaining cash flow for future investments and financial stability [2][10]. Group 1: Business Model and Financial Strategy - Historically, XPLR Infrastructure relied on outside capital to fund its expansion by acquiring renewable energy assets and gas pipelines, which allowed for rapid dividend increases [3]. - In 2018, the company shifted to convertible equity portfolio financings (CEPFs) with institutional investors to reduce dilution and capitalize on lower funding costs [4]. - The rising interest rates increased the cost of capital, complicating the buyout of CEPFs, leading the company to sell natural gas pipeline assets and focus on organic growth projects [5]. Group 2: New Business Model and Future Plans - The company is transitioning to a model that retains cash flow for new investments rather than distributing it to investors, resulting in an indefinite suspension of its dividend [6]. - XPLR Infrastructure plans to raise $2.5 billion to $2.6 billion over the next two years through asset sales, including the Meade pipeline investment [6]. - The company intends to reinvest $1.7 billion to $1.9 billion into growth opportunities, including wind repowering projects and high-return clean energy investments [7]. Group 3: Shareholder Value and Future Outlook - XPLR Infrastructure believes that the new business model will unlock significant value for shareholders, with expectations of double-digit returns from buying out CEPFs [9]. - The company plans to evaluate the potential for returning cash to investors in the future, which may include reinstating dividends and share buybacks [9]. - The shift in strategy is seen as necessary for achieving a sustainable financial foundation, which could eventually lead to a recovery in the company's share price [11].

Group 1 - NextEra Energy Partners (NEP) has experienced significant selling pressure, resulting in a 33.5% loss over the past four weeks, but it is now considered oversold with potential for recovery [1] - The Relative Strength Index (RSI) for NEP is currently at 19.44, indicating that the stock may be nearing a trend reversal as selling pressure appears to be exhausting [5] - Analysts have raised earnings estimates for NEP, with a consensus EPS estimate increase of 0% over the last 30 days, suggesting potential price appreciation in the near term [6] Group 2 - NEP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]

Business Update XPLR Infrastructure, LP January 28, 2024 2 | Business Update 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. The factors that could cause actual results to differ are discussed in the Appendix herein and in XPLR Infrastructure's SEC filings. Non-GAAP Financial Information This presentation r ...

NextEra Energy Partners (NEP) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to loss of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 90.38%. A quarter ago, it was expected that this limited partnership for clean-energy projects would post earnings of $0.51 per share when it actually produced a loss of $0.43, delivering a surprise of -184.31%. ...

Core Viewpoint - XPLR Infrastructure, LP has released its fourth-quarter and full-year 2024 financial results, highlighting its focus on clean energy infrastructure and long-term growth in the U.S. energy markets [1][2][3]. Company Overview - XPLR Infrastructure, LP (NYSE: NEP) is a limited partnership that owns clean energy infrastructure assets, emphasizing contracted renewable energy projects that provide long-term, stable cash flows [3]. - The company is headquartered in Juno Beach, Florida, and its portfolio includes wind, solar, and battery storage projects in the U.S., along with contracted natural gas pipeline assets in Pennsylvania [3]. Financial Results and Investor Communication - The company plans to discuss its financial results and provide a business update during a live webcast investor presentation scheduled for 9 a.m. ET [2]. - A replay of the webcast will be available for 90 days on the company's website [2].

Exhibit 10.2 1 Section 1.1 Definitions 18 Section 1.2 Construction ARTICLE II FIFTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF XPLR INFRASTRUCTURE OPERATING PARTNERS, LP A Delaware Limited Partnership Dated as of January 27, 2025 TABLE OF CONTENTS ARTICLE I DEFINITIONS ORGANIZATION | Section 2.1 | Formation | 19 | | --- | --- | --- | | Section 2.2 | Name | 19 | | Section 2.3 | Registered Office; Registered Agent; Principal Office; Other Offices | 19 | | Section 2.4 | Purpose and Business | 20 ...

The market expects NextEra Energy Partners (NEP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, ...

Company Overview - NextEra Energy Partners (NEP) closed at $18.72, reflecting a slight increase of +0.11% from the previous trading day, underperforming the S&P 500 which gained 0.55% [1] - The company is expected to report an EPS of $0.51, indicating a significant growth of 245.71% compared to the same quarter last year [2] - Revenue is projected to be $367.82 million, representing an increase of 58.54% from the prior-year quarter [2] Analyst Estimates - Recent adjustments to analyst estimates for NextEra Energy Partners are crucial as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides a practical rating system for stocks, with NextEra Energy Partners currently holding a Zacks Rank of 3 (Hold) [5] Valuation Metrics - NextEra Energy Partners has a Forward P/E ratio of 11.6, which is lower than the industry average Forward P/E of 17.31, suggesting that the company is trading at a discount [6] - The Alternative Energy - Other industry, to which NextEra belongs, is ranked 135 in the Zacks Industry Rank, placing it in the bottom 47% of over 250 industries [6][7]