Equity Brief · Utilities2026-10-02
XIFR·Utilities

Last results 28 Jul 2026Next reporting 28 Oct 2026In 18 days

XPLR Infrastructure, LP

I · AI Analysis

The brief

XPLR Infrastructure owns and operates a portfolio of renewable energy projects — wind farms, solar installations, and battery storage systems — under long-term contracts in the United States [Yahoo Finance]. The business model centers on selling clean energy output from these contracted assets [Yahoo Finance].

XPLR Infrastructure (formerly NextEra Energy Partners) operates contracted clean energy assets including wind, solar, and battery storage across the United States [Yahoo Finance]. The company generates $1.2B in trailing revenue with a $983.5M market cap, but carries heavy debt at 8.5x net debt to EBITDA and negative free cash flow of $409M [Yahoo Finance]. Institutional investors hold 67.1% of shares, with several high-conviction funds raising stakes significantly in recent quarters [Yahoo Finance].

Revenue grew modestly but the company is burning cash and carrying debt at 8.5 times EBITDA, raising sustainability concerns.

The brief AI analysisConfidence 5/10

Sentinellis health

Moderate concerns

6.4/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

21% of score10.0/10
Net margin+5.2%Gross margin+53.2%

Returns on capital

7% of score0.0/10
ROIC—· no dataReturn on equity+0.6%· need > 12%

Growth & momentum

14% of score10.0/10
Revenue growth+6.1%Operating margin trend—· no data

Balance sheet

36% of score6.0/10
Current ratio1.3xNet debt / EBITDA8.5x· need < 3.5xInterest coverage—· no dataDebt / equity0.57

Cash generation

21% of score3.3/10
Free cash flow$-409.0M· need positiveCash vs reported profit$645.0M vs $65.0M

Value creation

no data
ROIC vs cost of capital—· no data

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

$983.5M

Revenue (TTM)

$1.2B

Explainers

How we read these numbers

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The company burned $409M in free cash flow over the trailing year, a -41.6% yield, meaning it consumed cash rather than generating it for equity holders [Sentinellis calculation].

1 of 5 risks in this report

Risks

5

Opportunities

4

Red flags

3

Leadership

5

11 more findings in the full report — free with any account.

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III · Related

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Produced 02 Oct 2026, 08:59 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated