ADDED
Bureau of Land Management CITC convertible investment tax credit clean energy tax credits production tax credits and investment tax credits collectively Code U.S.
United States of America XPLR XPLR Infrastructure, LP XPLR GP XPLR Infrastructure Partners GP, Inc.
XPLR OpCo XPLR Infrastructure Operating Partners, LP XPLR OpCo GP XPLR Infrastructure Operating Partners GP, LLC XPLR OpCo ROFR assets all assets owned or hereafter acquired by XPLR OpCo or its subsidiaries Each of XPLR and XPLR OpCo has subsidiaries and affiliates with names that may include XPLR Infrastructure and similar references.
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.
Form 10-K Summary 79 Signatures 80 FORWARD-LOOKING STATEMENTS This report includes forward-looking statements within the meaning of the federal securities laws.
XPLR's portfolio is diversified across generation technologies including wind, solar and battery storage projects.
XPLR believes its cash flow profile, geographic, technological and resource diversity, operational excellence, contractual relationships with NEE and disciplined approach to capital allocation provide XPLR with a competitive advantage and position XPLR well to take advantage of opportunities in the growing U.S.
At December 31, 2025, XPLR owned a controlling, non-economic general partner interest and an approximately 48.8% limited partner interest in XPLR OpCo.
Through XPLR OpCo, XPLR has a partial ownership interest in a portfolio of contracted clean energy assets consisting of wind, solar and solar-plus-storage projects and a stand-alone battery storage project.
The following diagram depicts XPLR's simplified ownership structure: (a) At December 31, 2025, NEE owns 2,337,882 XPLR common units.
REMOVED
Bureau of Land Management CITC convertible investment tax credit Code U.S.
United States of America XPLR XPLR Infrastructure, LP, formerly known as NextEra Energy Partners, LP XPLR GP XPLR Infrastructure Partners GP, Inc., formerly known as NextEra Energy Partners GP, Inc.
XPLR OpCo XPLR Infrastructure Operating Partners, LP, formerly known as NextEra Energy Operating Partners, LP XPLR OpCo GP XPLR Infrastructure Operating Partners GP, LLC, formerly known as NextEra Energy Operating Partners GP, LLC XPLR OpCo ROFR assets all assets owned or hereafter acquired by XPLR OpCo or its subsidiaries Each of XPLR and XPLR OpCo has subsidiaries and affiliates with names that may include XPLR Infrastructure and similar references.
References to XPLR's pipeline investment refers to its equity method investment in contracted natural gas assets.
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 7A.
Form 10-K Summary 77 Signatures 78 FORWARD-LOOKING STATEMENTS This report includes forward-looking statements within the meaning of the federal securities laws.
XPLR's portfolio is diversified across generation technologies including wind, solar and battery storage projects and an investment in natural gas pipeline assets.
In January 2025, XPLR announced a strategic repositioning, including suspension of the distribution to its common unitholders, intended to allow XPLR to use its retained operating cash flow and balance sheet capacity to make investments that it believes will enhance the long-term value of its portfolio.
XPLR's capital allocation priorities include investments to improve and expand XPLR's existing portfolio and the pursuit of investment opportunities in areas adjacent to its existing clean energy assets that are expected to benefit from U.S.
XPLR believes its cash flow profile, geographic, technological and resource diversity, operational excellence, contractual relationships with NEE and disciplined approach to capital allocation provide XPLR with a competitive advantage and enable XPLR to execute its business plan.