XIFR on NYSE
XPLR Infrastructure, LP
Electric services company, listed on NYSE (XIFR). Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerXIFR on NYSE1
- IndustryElectric Services1
- HeadquartersJuno Beach, Florida1
- Business address700 Universe Boulevard, Juno Beach, Fl 334082
- Filer categoryLarge accelerated filer2
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XPLR, through its ownership in XPLR OpCo, has a partial ownership interest in a clean energy infrastructure portfolio in the U.S. with approximately 10 gigawatts of net generating capacity in 28 states as of December 31, 2025 and is one of the largest generators of energy from the wind and sun in the U.S. based on 2025 MWh produced on a net generation basis. XPLR's portfolio is diversified across generation technologies including wind, solar and battery storage projects.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-15.7%Operating margin4
-2.4%Net margin4
-3.4%Revenue growth, 20254
-0.3%Return on equity4
0.50×Debt to equity4
-$219.0MFree cash flow4
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs93¢$1.1B
- Income tax7¢$78.0M
Out of $1.2B in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$958.0M
Out of $739.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operations and maintenance(b) | $498.0M | $504.0M | $520.0M |
| Depreciation and amortization | $564.0M | $550.0M | $521.0M |
| Goodwill impairment charge | $253.0M | $575.0M | $0 |
| Taxes other than income taxes and other net | $68.0M | $73.0M | $65.0M |
| Total operating expenses net | $1.4B | $1.7B | $1.1B |
| GAINS ON DISPOSAL OF BUSINESSES/ASSETS NET | $9.0M | $13.0M | $0 |
| OPERATING LOSS | -$186.0M | -$459.0M | -$28.0M |
| Interest expense | -$437.0M | -$145.0M | -$345.0M |
| Equity in earnings of equity method investees | $127.0M | $85.0M | $81.0M |
| Equity in earnings (losses) of non-economic ownership interests | -$3.0M | $18.0M | $4.0M |
| Other net | $22.0M | $47.0M | $9.0M |
| Total other income (deductions) net | -$291.0M | $5.0M | -$251.0M |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | -$477.0M | -$454.0M | -$279.0M |
| INCOME TAX BENEFIT | -$78.0M | -$42.0M | -$25.0M |
| LOSS FROM CONTINUING OPERATIONS | -$399.0M | -$412.0M | -$254.0M |
| Loss from discontinued operations | -$37.0M | $1.0M | $472.0M |
| NET INCOME (LOSS) | -$436.0M | -$411.0M | $218.0M |
| Net Income (Loss) Attributable to Noncontrolling Interest | $408.0M | $388.0M | -$18.0M |
| NET INCOME (LOSS) ATTRIBUTABLE TO XPLR | -$28.0M | -$23.0M | $200.0M |
| Continuing operation, basic(in usd per share) | -$0 | -$0 | $0 |
| Discontinued operations, basic (in usd per share) | -$0 | -$0 | $2 |
| Earnings (loss) per common unit attributable to XPLR Infrastructure, LP - assuming dilution (usd per share) | -$0.30 | -$0.25 | $2.18 |
| Earnings Per Share, Basic, Assuming Dilution | -$0.07 | -$0.13 | $0.35 |
| Earnings Per Share, Basic, Assuming Dilution, Discontinued Operations | -$0.23 | -$0.12 | $1.83 |
| Earnings Per Share, Assuming Dilution | -$0.30 | -$0.25 | $2.18 |
| Revenues | $1.2B | $1.2B | $1.1B |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $960.0M | $283.0M | |
| Accounts receivable | $102.0M | $105.0M | |
| Other receivables | $93.0M | $86.0M | |
| Inventory | $103.0M | $108.0M | |
| Other Assets, Current | $121.0M | $130.0M | |
| Total current assets | $1.4B | $860.0M | |
| Property, plant and equipment net | $15.4B | $14.6B | $14.8B |
| Goodwill | $0 | $253.0M | |
| Investments in equity method investees | $625.0M | $631.0M | $617.0M |
| Assets held for sale | $0 | $1.2B | $1.2B |
| Other | $534.0M | $1.0B | |
| Total other assets | $18.2B | $19.4B | |
| TOTAL ASSETS | $19.6B | $20.3B | $22.5B |
| Accounts payable and accrued expenses | $58.0M | $65.0M | |
| Current portion of long-term debt | $762.0M | $705.0M | |
| Accrued interest | $103.0M | $46.0M | |
| Accrued property taxes | $29.0M | $32.0M | |
| Other | $118.0M | $80.0M | |
| Total current liabilities | $1.6B | $1.1B | |
| Long-term debt | $5.4B | $4.6B | |
| Asset retirement obligations | $373.0M | $366.0M | |
| Other | $188.0M | $200.0M | |
| Total other liabilities and deferred credits | $7.1B | $6.3B | |
| TOTAL LIABILITIES | $8.7B | $7.4B | |
| Common units (94.0 and 93.5 units issued and outstanding, respectively) | $3.2B | $3.2B | |
| Accumulated other comprehensive loss | -$5.0M | -$6.0M | |
| Noncontrolling interests | $7.7B | $9.7B | |
| TOTAL EQUITY | $10.9B | $12.9B | |
| TOTAL LIABILITIES AND EQUITY | $19.6B | $20.3B | |
| Common Units Issued | 94.0M shares | 93.5M shares | |
| Common Units Outstanding | 94.0M shares | 93.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $960.0M | $283.0M | |
| Accounts receivable | $102.0M | $105.0M | |
| Other receivables | $93.0M | $86.0M | |
| Inventory | $103.0M | $108.0M | |
| Other Assets, Current | $121.0M | $130.0M | |
| Total current assets | $1.4B | $860.0M | |
| Property, plant and equipment net | $15.4B | $14.6B | $14.8B |
| Goodwill | $0 | $253.0M | |
| Investments in equity method investees | $625.0M | $631.0M | $617.0M |
| Assets held for sale | $0 | $1.2B | $1.2B |
| Other | $534.0M | $1.0B | |
| Total other assets | $18.2B | $19.4B | |
| TOTAL ASSETS | $19.6B | $20.3B | $22.5B |
| Accounts payable and accrued expenses | $58.0M | $65.0M | |
| Current portion of long-term debt | $762.0M | $705.0M | |
| Accrued interest | $103.0M | $46.0M | |
| Accrued property taxes | $29.0M | $32.0M | |
| Other | $118.0M | $80.0M | |
| Total current liabilities | $1.6B | $1.1B | |
| Long-term debt | $5.4B | $4.6B | |
| Asset retirement obligations | $373.0M | $366.0M | |
| Other | $188.0M | $200.0M | |
| Total other liabilities and deferred credits | $7.1B | $6.3B | |
| TOTAL LIABILITIES | $8.7B | $7.4B | |
| Common units (94.0 and 93.5 units issued and outstanding, respectively) | $3.2B | $3.2B | |
| Accumulated other comprehensive loss | -$5.0M | -$6.0M | |
| Noncontrolling interests | $7.7B | $9.7B | |
| TOTAL EQUITY | $10.9B | $12.9B | |
| TOTAL LIABILITIES AND EQUITY | $19.6B | $20.3B | |
| Common Units Issued | 94.0M shares | 93.5M shares | |
| Common Units Outstanding | 94.0M shares | 93.5M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$436.0M | -$411.0M | $218.0M |
| Depreciation and amortization | $564.0M | $550.0M | $553.0M |
| Intangible amortization PPAs | $83.0M | $82.0M | $82.0M |
| Change in value of derivative contracts | $185.0M | -$91.0M | $284.0M |
| Deferred income taxes | -$42.0M | $1.0M | $34.0M |
| Equity in earnings of equity method investees, net of distributions received | $29.0M | $73.0M | $32.0M |
| Equity in earnings (losses) of non-economic ownership interests, net of distributions received | $16.0M | $3.0M | -$4.0M |
| Gains on disposal of businesses/assets net | -$9.0M | -$13.0M | -$375.0M |
| Goodwill impairment charge | $253.0M | $575.0M | $0 |
| Other net | $32.0M | $17.0M | $20.0M |
| Current assets | $7.0M | -$17.0M | -$34.0M |
| Noncurrent assets | $1.0M | -$13.0M | -$81.0M |
| Current liabilities | $26.0M | $45.0M | -$14.0M |
| Noncurrent liabilities | $30.0M | -$1.0M | $16.0M |
| Net cash provided by operating activities | $739.0M | $800.0M | $731.0M |
| Acquisitions of membership interests in subsidiaries net | $0 | $0 | -$661.0M |
| Capital expenditures and other investments | -$958.0M | -$241.0M | -$1.3B |
| Proceeds from sale of a business | $0 | $0 | $1.9B |
| Proceeds from sale of equity method investments | $1.1B | $0 | $0 |
| Payments from (to) related parties under CSCS agreement net | $116.0M | $1.4B | -$1.2B |
| Distributions from non-economic ownership interests | $309.0M | $0 | $0 |
| Reimbursements from related parties for capital expenditures | $0 | $66.0M | $1.1B |
| Other net | $24.0M | $27.0M | $1.0M |
| Net cash provided by (used in) investing activities | $630.0M | $1.2B | -$194.0M |
| Proceeds from issuance of common units net | $4.0M | $3.0M | $315.0M |
| Issuances of long-term debt, including premiums and discounts | $3.4B | $354.0M | $2.4B |
| Retirements of long-term debt | -$2.5B | -$1.3B | -$1.5B |
| Debt issuance costs | -$73.0M | -$2.0M | -$12.0M |
| Partner contributions | $50.0M | $63.0M | $0 |
| Partner distributions | -$421.0M | -$816.0M | -$741.0M |
| Proceeds on sale of Class B noncontrolling interests net | $0 | $0 | $177.0M |
| Payments to Class B noncontrolling interest investors | -$86.0M | -$92.0M | -$146.0M |
| Buyout of Class B noncontrolling interest investors | -$1.1B | -$254.0M | -$972.0M |
| Proceeds on sale of differential membership interests | $0 | $0 | $92.0M |
| Proceeds from differential membership investors | $178.0M | $173.0M | $153.0M |
| Payments to differential membership investors | -$34.0M | -$59.0M | -$38.0M |
| Buyout of differential membership investors | -$75.0M | -$16.0M | -$187.0M |
| Other net | -$12.0M | -$11.0M | -$7.0M |
| Net cash used in financing activities | -$674.0M | -$2.0B | -$527.0M |
| NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | $695.0M | $34.0M | $10.0M |
| Cash paid for interest, net of amounts capitalized | $167.0M | $193.0M | $250.0M |
| Cash received for income taxes net | $45.0M | $47.0M | $1.0M |
| Change in noncash investments in non-economic ownership interests net | $0 | $216.0M | -$9.0M |
| Accrued property additions | $495.0M | $72.0M | $77.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led XPLR Infrastructure, LP, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
201520202025
- Chief executive officerSongyuan Alan Liu Feb 6, 2025 to now14
- Chief executive officerJohn W. Ketchum Feb 23, 2023 to Feb 21, 202415
- Chief executive officerJames L. Robo Jun 26, 2014 to Feb 23, 202216
- ChairJohn W. Ketchum Feb 23, 2023 to Feb 21, 202415
- ChairJames L. Robo Jun 26, 2014 to Feb 23, 202216
- PresidentSongyuan Alan Liu Feb 6, 2025 to now14
- PresidentRebecca J. Kujawa Feb 23, 2023 to Feb 21, 202417
- PresidentJohn W. Ketchum Nov 6, 2020 to Feb 23, 202218
- PresidentArmando Pimentel Jr. Jun 26, 2014 to Feb 20, 201919
- Chief financial officerJessica Geoffroy Feb 6, 2025 to now20
- Chief financial officerBrian W. Bolster May 9, 2024 to May 9, 202421
- Chief financial officerRebecca J. Kujawa Mar 1, 2019 to Feb 23, 202222
- Chief financial officerJohn W. Ketchum Mar 8, 2016 to Feb 20, 201923
- Chief financial officerMoray P. Dewhurst Jun 26, 2014 to Jul 1, 201424
Board members and other officers (15)
- Controller & CAO of GPChris N. Froggatt Jun 26, 2014 to Jul 1, 201425
- VP, Strategy & Corp Dev. of GPMark E. Hickson Jun 26, 2014 to Feb 21, 202426
- Treasurer & Asst. Sec of GPPaul I. Cutler Jun 26, 2014 to Feb 23, 202227
- Board memberBrian W. Bolster Feb 11, 2026 to now28
- Board memberRebecca J. Kujawa Mar 1, 2019 to Feb 21, 202422
- Board memberMark E. Hickson Feb 21, 2018 to now29
- Board memberJames N. Suciu Apr 28, 2017 to Feb 21, 201830
- Board memberJohn W. Ketchum Mar 8, 2016 to now23
- Board memberSusan D. Austin Feb 19, 2015 to now31
- Board memberArmando Pimentel Jr. Jun 26, 2014 to Feb 20, 201919
- Board memberCharles E. Sieving Jun 26, 2014 to Jul 1, 201432
- Board memberMoray P. Dewhurst Jun 26, 2014 to Jul 1, 201424
- Board memberPeter H. Kind Jun 26, 2014 to now33
- Board memberRobert J. Byrne Jun 26, 2014 to now34
- General counselCharles E. Sieving Jun 26, 2014 to Feb 21, 202432
Former names
- NextEra Energy Partners, LPMar 4, 2021 to Oct 24, 20242
Timeline
Filings
215 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 59 major events, 58 insider forms, 20 large holders, 58 other. The latest 20:
- Aug 19, 2026EFFECT EDGAR
- Aug 14, 2026POS AM EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 28, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
- May 7, 202610-Q EDGAR
- May 7, 20268-K EDGAR
- May 7, 2026S-8 EDGAR
- Apr 10, 20268-K EDGAR
- Apr 7, 2026EFFECT EDGAR
- Apr 7, 20268-K EDGAR
- Apr 7, 2026424B5 EDGAR
- Apr 3, 2026CORRESP EDGAR
- Apr 2, 2026UPLOAD EDGAR
- Mar 27, 20268-K EDGAR
- Mar 27, 2026S-3 EDGAR
- Mar 26, 2026ARS EDGAR
- Mar 26, 2026DEFA14A EDGAR
The 215 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 27, 2023 | Kind Peter HDirector | Buy | 1,750 | $56.89 | $99.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Anchorage Capital Advisors, L.P.SCHEDULE 13G/A, 2 filings Feb 17, 2026 to Aug 14, 202635
- Adage Capital Management, L.P.SCHEDULE 13G, 1 filing Aug 12, 202636
- Morgan StanleySCHEDULE 13G, 1 filing May 15, 202637
- Apollo Management Holdings GP, LLCSCHEDULE 13G/A, 4 filings Apr 22, 2025 to Feb 13, 202638
- BlackRockSC 13G, 1 filing Oct 18, 202439
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Feb 9, 202440
- Neuberger BermanSC 13G/A, 3 filings Feb 14, 2022 to Feb 15, 202341
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARRebecca J. Kujawa, President
- 18SEC EDGARJohn W. Ketchum, President
- 19SEC EDGARArmando Pimentel Jr., President
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- 28SEC EDGARBrian W. Bolster, Board member
- 29SEC EDGARMark E. Hickson, Board member
- 30SEC EDGARJames N. Suciu, Board member
- 31SEC EDGARSusan D. Austin, Board member
- 32SEC EDGARCharles E. Sieving, Board member
- 33SEC EDGARPeter H. Kind, Board member
- 34SEC EDGARRobert J. Byrne, Board member
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