XPLR Infrastructure Earnings Call Transcripts
Fiscal Year 2025
-
Transitioned to a capital allocation model, delivering $1.88B adjusted EBITDA and $746M FCF in 2025. Executed major asset sales, reduced third-party equity, and expanded repowering and battery storage plans, with strong cash flow and disciplined capital management.
Fiscal Year 2024
-
Announced indefinite suspension of distributions and a shift to self-funded growth, prioritizing CEPF buyouts, repowerings, and disciplined capital allocation. 2024 Adjusted EBITDA was $1.96B, with 2026 free cash flow before growth expected at $600–$700M.
-
Q3 2024 saw adjusted EPS rise ~10% year-over-year, with strong renewables growth and new framework agreements totaling up to 15 GW. FPL and Energy Resources delivered robust results, while storm recovery and capital investments remain key focuses. Power demand and renewables returns are both trending upward.
-
Adjusted EPS grew over 9% year-over-year, with strong capital investment and robust renewables origination, including major deals with Google. FPL and Energy Resources are well-positioned for continued growth, and guidance remains at the top end of expectations.