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Owns and operates a portfolio of wind, solar and battery-storage assets plus some natural-gas pipeline interests, spun off from NextEra Energy.
Owns and operates a portfolio of wind, solar and battery-storage assets plus some natural-gas pipeline interests, spun off from NextEra Energy.
Collects fixed prices under long-term contracts with utilities and corporate buyers, so wind and solar output matters more than power prices. NextEra Energy runs it and has been its source of projects; it changed its name from NextEra Energy Partners in 2025.
Moat: narrow (installed base, scale). Portfolio of contracted renewable assets with long-term power purchase agreements provides stable cash flow.
Headquarters: Juno Beach, Florida, US · Founded: 2014
Size XPLR Infrastructure, LP (XIFR) is a United States Utilities company (Alternative Power Generation) with a market value of $1.38B, the 2052nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.32 on 6 Nov 2026.
Performance Over six months the shares fell 37.6%, against -21.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue fell 1.2% over the last twelve months (peer median +8.6%); the operating margin is 3.3% (peer median 24.4%).
Valuation It trades at 3.0× forward earnings against a peer median of 15.7× (cheapest of 19).
Capital Return on invested capital runs 5.9 points below its cost of capital (6.1% WACC).
Credit XPLR Infrastructure, LP has 2 bonds outstanding ($1.68B), rated BB by the agencies and trading like BB at a weighted spread of 202 bp.
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.22B | $1.19B | $1.21B | $1.10B | $967M |
| Revenue growth | — | -2% | +10% | +14% | — |
| Gross profit | $109M | $126M | $158M | $57.0M | $46.0M |
| EBITDA | $696M | $705M | $717M | $627M | $579M |
| Net income | $151M | -$28.0M | -$23.0M | -$175M | $477M |
| Free cash flow | -$191M | $90.0M | $559M | -$538M | -$560M |
| Capital expenditure | $784M | $958M | $241M | $1.27B | $1.35B |
| Total debt | $6.10B | $6.21B | $5.34B | $6.32B | $5.31B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| XPLR Infrastructure, LP XIFR | $1.38B | -38% | -1% | 3% | 3.0× | n/a |
| Clearway Energy CWEN | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% |
| Brookfield Renewable Partners LP BEP-UN.TO | $9.41B | -7% | +7% | 11% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | XIFR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.2% | -6.8% | 2nd lowest of 21 |
| 6-month return | -37.6% | -21.4% | 3rd lowest of 19 |
| Distance from 52-week high | -44.8% | -37.2% | 7th lowest of 21 |
| Revenue growth (TTM) | -1.2% | +8.6% | 9th lowest of 21 |
| Operating margin | 3.3% | 24.4% | 3rd lowest of 21 |
| Forward P/E | 3.0× | 15.7× | cheapest of 19 |
| ROIC minus cost of capital | -5.9 pp | -1.0 pp | 5th lowest of 21 |
| EV / EBITDA | 20.6× | 13.5× | 4th most expensive of 12 |
| Net debt / EBITDA | 8.0× | 6.0× | 5th most indebted of 12 |
| Bond spread | 202 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 3.0× | n/a | n/a |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | n/a | n/a |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 14.0× | -5.1% | +18.4% |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 5.8× | -14.7% | +16.9% |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 40.0× | n/a | n/a |
| Xinyi Energy 3868.HK | Hong Kong | $863M | -38% | +2% | 54% | 8.1× | -2.6% | +9.1% |
| Waaree Renewable Technologies WAAREERTL.NS | India | $810M | -30% | +78% | 17% | 12.2× | 24.1% | +203.3% |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.2× | n/a | n/a |
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 26.4× | n/a | n/a |
| CECEP Solar Energy 000591.SZ | China | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% | -1.5% |
| Fervo Energy FRVO | United States | $2.66B | n/a | -31% | -35,367% | n/a | n/a | n/a |
| Shanghai Nenghui Technology 301046.SZ | China | $680M | +8% | -49% | -13% | 2,690.0× | n/a | n/a |
| Century Wind Power 2072.TW | Taiwan | $618M | -41% | +62% | 22% | 5.7× | -17.2% | +41.9% |
| Guangdong Chant 002616.SZ | China | $617M | -21% | -3% | 7% | 14.1× | -4.3% | +3.8% |
XPLR Infrastructure, LP has 2 bonds outstanding with $1.68B face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 6.60%, a spread of 202 bp over government bonds.