XPLR Infrastructure LP (NYSE: XIFR) is an energy infrastructure limited partnership that owns and operates clean energy assets. The partnership generates revenue through its portfolio of power generation and related infrastructure projects, with management services provided under a Fifth Amended and Restated Management Services Agreement with NextEra Energy Management Partners, LP. XPLR Infrastructure is externally managed and affiliated with NextEra Energy, Inc. (NEE), with NextEra Energy Resources, LLC serving as the operational subcontractor. The partnership is structured as a master limited partnership with unitholders receiving distributions based on target quarterly distribution levels, and management fees include an IDR fee component tied to those distribution targets. Clean energy tax credits, including production tax credits and investment tax credits, are relevant to the economics of the underlying assets. The partnership files with the U.S. Securities and Exchange Commission and its units are listed on the New York Stock Exchange.

Revenue model

Revenue is generated through clean energy infrastructure assets owned by the partnership, managed externally under a management services agreement with NextEra Energy Management Partners, LP. IDR fees are paid to NEE Management based on achievement of target quarterly distribution levels.

Products and services

Clean energy power generation assets; production tax credit and investment tax credit eligible projects; infrastructure managed under an administrative services agreement and management services agreement.

Customers and end markets

The filing excerpts do not provide sufficient detail on specific customers or end market breakdowns to support a characterization.

Value-chain role

Asset owner and limited partnership vehicle for clean energy infrastructure; externally managed by NextEra Energy Management Partners, LP with operations subcontracted to NextEra Energy Resources, LLC.

Geographic exposure

United States, with regulatory oversight from FERC and land use involving the U.S. Bureau of Land Management; specific geographic asset distribution is not detailed in the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-17

Industry: Electric Services Peers: Altus Power, Inc. Brookfield Renewable Corp Montauk Renewables Inc Ormat Technologies Inc Sunnova Energy International Inc.