XPLR Infrastructure
Owns contracted wind, solar, storage, and pipeline assets.
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Profile
Owns contracted wind, solar, battery-storage, and pipeline assets. Retained operating cash flow supports portfolio investment and financing buyouts under a NextEra-sponsored, affiliate-managed structure.
Owns contracted clean-energy infrastructure assets, including wind, solar, solar-plus-storage, and stand-alone battery-storage projects. The assets are located in the United States and generate cash flows under long-term contracts. A contracted Pennsylvania pipeline investment also remains part of the portfolio.
Retained operating cash flow is directed toward selected financing buyouts, investment in existing assets such as wind repowering and storage, and additional clean-energy opportunities.
Operations rely on employees of manager affiliates, including NextEra Energy and NextEra Energy Resources, rather than direct employees. The capital-allocation plan measures portfolio uses against returning capital to unitholders.
Company facts
Categories
Key statistics
Year to date +15.3% · Average volume (30d) 945.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 17, 2026 | Evercore ISI | Reiterate | Positive | $11 | $12 |
| Jul 29, 2026 | Mizuho Securities | Target | $12 | $13 | |
| Jul 17, 2026 | CIBC | Reiterate | Neutral | $11 | $12 |
| May 20, 2026 | Morgan Stanley | Reiterate | Underweight | $10 | $12 |
| May 11, 2026 | Evercore ISI | Target | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.39 | $0.40 | +3.4% | $387.2M | $363.0M | −6.2% | −6.26% |
| May 7, 2026Q1 FY26 | −$0.60 | $0.35 | +158.3% | $341.0M | $275.0M | −19.4% | +2.80% |
| Feb 10, 2026Q4 FY25 | −$0.78 | $0.30 | +138.5% | $432.8M | $249.0M | −42.5% | −0.36% |
| Nov 4, 2025Q3 FY25 | −$0.07 | −$0.37 | −424.2% | $376.5M | $313.0M | −16.9% | −5.24% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $282.0M | $342.0M | $313.0M | $249.0M | $275.0M | $363.0M | |
| Gross profit | $172.0M | $240.0M | $20.0M | −$32.0M | $1.0M | $219.0M | |
| Operating income | −$233.0M | $90.0M | $5.0M | −$49.0M | −$17.0M | $60.0M | |
| Net income | −$98.0M | $79.0M | −$37.0M | $29.0M | $33.0M | $38.0M | |
| Diluted EPS | −$1.05 | $0.84 | −$0.39 | $0.31 | $0.35 | $0.40 | |
| Gross margin | 61.0% | 70.2% | 6.4% | -12.9% | 0.4% | 60.3% | |
| Operating margin | -82.6% | 26.3% | 1.6% | -19.7% | -6.2% | 16.5% |
Fiscal years (4-quarter sums)FY21 $982.0M · FY22 $1.21B · FY23 $906.0M · FY24 $1.23B · FY25 $1.19B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $500.0M · Total debt $6.03B · Total assets $18.99B · Shareholders' equity $3.24B
Dividends
Raised for 9 straight years — most recently to $0.9175 from $0.905 in Nov 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 6, 2024 | Nov 6 | Nov 14 | $0.9175 | raised from $0.905 |
| Aug 6, 2024 | Aug 6 | Aug 14 | $0.905 | raised from $0.8925 |
| May 6, 2024 | May 7 | May 15 | $0.8925 | raised from $0.88 |
| Feb 5, 2024 | Feb 6 | Feb 14 | $0.88 | raised from $0.8675 |
| Nov 3, 2023 | Nov 6 | Nov 14 | $0.8675 | raised from $0.854 |
| Aug 3, 2023 | Aug 4 | Aug 14 | $0.854 | raised from $0.8425 |
| May 4, 2023 | May 5 | May 15 | $0.8425 | raised from $0.8125 |
| Feb 3, 2023 | Feb 6 | Feb 14 | $0.8125 | raised from $0.7875 |
Ownership
Shares outstanding 94.27M · Float 82.70M · 87.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Anchorage Capital Advisors, L.P. | 6.90M | 7.30% | 13G | Feb 17, 2026 |
| Morgan Stanley | 6.66M | 7.10% | 13G | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Brookfield Renewable
Large-scale renewable asset acquisitions and operations.
- Clearway Energy
Contracted U.S. wind, solar and battery-storage asset ownership.
- AES
Utility-scale renewables, storage and long-term power agreements.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| XPLR Infrastructure | $11.72 | −0.09% | $1.10B | 17.5 | 19.8 | 0.9 | +6.5% |
| Brookfield Renewable | $32.20 | −0.28% | $4.77B | — | — | 1.1 | +29.8% |
| Clearway Energy | $32.00 | +0.69% | $6.53B | 41.8 | — | 4.1 | +22.7% |
| AES | $14.72 | 0.00% | $10.50B | 5.6 | 7.6 | 0.8 | +19.9% |
| Median | 23.7 | 7.6 | 1.1 | +22.7% |