NYSE$XIFR
XPLR Infrastructure LP · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Delivered outstanding operational and financial performance, with adjusted EBITDA and CAFD increased against the prior-year comparable quarter. Executed agreement for modification to partnership's incentive distribution rights fees and completed multiple financings.
NextEra Energy Partners reported a net income of $219 million for Q2 2022. The company's adjusted EBITDA was $500 million and cash available for distribution (CAFD) was $207 million. The company continues to expect 12% to 15% growth per year in limited partner distributions per unit through at least 2025.
- Grew LP distributions per unit approximately 15% year-over-year
- Executed agreement for previously announced modification of the partnership's incentive distribution rights fees
- Continues to expect to grow LP distributions per unit by 12% to 15% through at least 2025
- S&P revised NextEra Energy Partners' business risk profile upward from 'satisfactory' to 'strong'
Headline financials
Revenue & EPS history
NextEra Energy Partners · Revenue · Quarterly
$362M
Forward guidance
NextEra Energy Partners continues to expect year-end 2022 run-rate adjusted EBITDA and CAFD in the ranges of $1.785 billion to $1.985 billion and $685 million to $775 million, respectively, reflecting calendar year 2023 contributions from the forecasted portfolio at the end of 2022. NextEra Energy Partners expects the annualized rate of the fourth-quarter 2022 distribution that is payable in February of 2023 to be in a range of $3.17 to $3.25 per common unit.
Tailwinds
- Expects year-end 2022 run-rate adjusted EBITDA in the ranges of $1.785 billion to $1.985 billion
- Expects year-end 2022 run-rate CAFD in the ranges of $685 million to $775 million
- Reflects calendar year 2023 contributions from the forecasted portfolio at the end of 2022
- Continues to expect 12% to 15% growth per year in limited partner distributions per unit as being a reasonable range of expectations through at least 2025
- Expects the annualized rate of the fourth-quarter 2022 distribution that is payable in February of 2023 to be in a range of $3.17 to $3.25 per common unit
Headwinds
- Expectations are subject to the usual caveats
- Adjusted EBITDA and CAFD and limited partner distributions and other expectations assume, among other things, normal weather and operating conditions
- Adjusted EBITDA and CAFD and limited partner distributions and other expectations assume positive macroeconomic conditions in the U.S.
- Adjusted EBITDA and CAFD and limited partner distributions and other expectations assume public policy support for wind and solar development and construction
- Adjusted EBITDA and CAFD and limited partner distributions and other expectations assume market demand and transmission expansion support for wind and solar development
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.1%
Avg return
Earnings day
+0.4%
Avg return
5 days after
-1.2%
Avg return
30 days after
46%
21 / 46 earnings
Positive
+15.7%
Q3 2023
Best reaction
-25.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | +4.2% | +3.6% | |
| Q4 2025 | +9.2% | +6.0% | +4.3% | |
| Q3 2025 | -5.1% | +2.3% | -6.6% | |
| Q1 2025 | +5.5% | +5.2% | +6.1% | |
| Q4 2024 | -25.1% | -33.3% | -44.1% | |
| Q3 2024 | -16.3% | -18.7% | -33.1% | |
| Q2 2024 | -6.6% | -3.7% | -6.4% | |
| Q1 2024 | +7.9% | +5.4% | +17.4% | |
| Q4 2023 | +7.4% | +12.0% | +1.0% | |
| Q3 2023 | +15.7% | +22.4% | +5.5% | |
| Q2 2023 | -3.9% | -8.4% | -19.8% | |
| Q1 2023 | -12.2% | -9.7% | -7.6% | |
| Q4 2022 | -2.5% | -4.5% | -11.5% | |
| Q3 2022 | -0.3% | +0.7% | +7.7% | |
| Q2 2022 | +9.7% | +8.8% | +14.8% | |
| Q1 2022 | -6.9% | -10.6% | -12.6% | |
| Q4 2021 | -0.1% | -1.2% | +1.7% | |
| Q3 2021 | +3.1% | +5.0% | +9.7% | |
| Q2 2021 | -0.6% | +3.1% | +6.1% | |
| Q1 2021 | +1.3% | +2.7% | -4.0% | |
| Q4 2020 | -8.7% | -3.0% | -13.7% | |
| Q3 2020 | -0.8% | -0.4% | -1.8% | |
| Q2 2020 | +2.8% | +6.7% | +5.8% | |
| Q1 2020 | +11.1% | +10.8% | +14.2% | |
| Q4 2019 | -2.1% | -0.6% | +8.2% | |
| Q3 2019 | +2.7% | +2.6% | +3.8% | |
| Q2 2019 | -3.3% | -3.3% | -1.5% | |
| Q1 2019 | -2.2% | -0.5% | -2.6% | |
| Q4 2018 | -4.3% | -6.7% | -1.6% | |
| Q3 2018 | -2.6% | -9.6% | -0.2% | |
| Q2 2018 | +3.9% | +3.7% | +8.0% | |
| Q1 2018 | +3.0% | +5.5% | +8.6% | |
| Q4 2017 | +4.3% | +6.9% | -5.0% | |
| Q3 2017 | -0.7% | -0.4% | -1.9% | |
| Q2 2017 | +1.9% | +6.1% | +0.2% | |
| Q1 2017 | +5.1% | +3.9% | +4.2% | |
| Q4 2016 | +10.1% | +14.2% | +9.3% | |
| Q3 2016 | -2.3% | -4.3% | -7.4% | |
| Q2 2016 | -1.8% | -3.5% | -3.9% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | +7.3% | — | — | |
| Q2 2015 | -8.6% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q3 2014 | -2.7% | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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