XPLR Infrastructure, LP (NYSE: XIFR)

XPLR Infrastructure, LP is a limited partnership that holds a partial ownership interest in a clean energy infrastructure portfolio located across the United States. The portfolio comprises wind solar and battery storage projects with approximately ten gigawatts of net generating capacity spread over twenty eight states. XPLR Infrastructure, LP ranks among the largest producers of electricity from wind and solar in the United States based on net generation measured in megawatt hours.

XPLR Infrastructure, LP generates revenue primarily by selling electricity and the associated renewable energy attributes from its projects under long term fixed price power purchase agreements with utilities and other wholesale customers. In 2025 the company derived about fourteen percent of its consolidated revenues from its contract with Pacific Gas and Electric Company and about fifteen percent from its contract with Southern California Edison Company. Additional revenue streams include fees for battery storage services and management services provided under agreements with affiliates of NextEra Energy.

XPLR Infrastructure, LP holds a strong position in the U. S. renewable energy sector due to its diversified mix of wind solar and battery storage assets and its long term contracted cash flows. The company benefits from geographic and technological diversification which helps smooth performance across regions and resource conditions. Its competitive advantages include stable cash flows from long term power purchase agreements operational expertise gained through a management services agreement with NextEra Energy and a disciplined approach to capital allocation. Primary competitors for new investment opportunities include regulated utility holding companies independent power producers developers pension funds and private equity funds.

XPLR Infrastructure, LP serves a customer base made up of utilities and other wholesale electricity purchasers that buy power and renewable attributes under power purchase agreements. Notable customers include Pacific Gas and Electric Company and Southern California Edison Company. The company also works with a range of other counterparties across different regions to offtake the output of its wind solar and battery storage facilities.