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In a recent filing with the Securities and Exchange Commission, XPLR Infrastructure, LP, a $820 million market cap company, reported significant changes to its leadership team. According to InvestingPro data, the company has maintained a consistent dividend growth track record, having raised dividends for 11 consecutive years. Rebecca Kujawa, a member of the company’s Board of Directors, has announced her retirement effective May 22, 2025. In addition, James M. May, the company’s Controller, has resigned from his role, also effective May 22, 2025, due to his appointment to a new position at NextEra Energy (NYSE:NEE), Inc.
William J. Gough has been appointed to succeed Mr. May as Controller of XPLR Infrastructure, LP. Mr. Gough, 38, brings a wealth of experience to the role, having previously served in financial planning and analysis positions at NextEra Energy, Inc. His career also includes significant stints at National Grid (LON:NG) US and PricewaterhouseCoopers LLP.
Furthermore, Michael H. Dunne has been named as the successor to Ms. Kujawa on the Board. Mr. Dunne, 49, currently serves as Treasurer of NextEra Energy and FPL, and Assistant Secretary of NextEra Energy. His background includes a decade of experience in global energy and power investment banking with Bank of America.
These leadership transitions are part of the company’s ongoing corporate governance and management strategies. XPLR Infrastructure, LP, operating under the industrial classification of electric services, is a Delaware-organized entity traded on the New York Stock Exchange under the ticker symbol XIFR. With annual revenue of $1.23 billion and a significant dividend yield of 41.85%, the company faces both challenges and opportunities ahead. InvestingPro analysis shows analysts expect the company to return to profitability this year, with a forecasted EPS of $1.75.
The information regarding these corporate changes is based on a press release statement filed with the SEC. It reflects the company’s commitment to maintaining a robust leadership structure as it continues to navigate the dynamic energy sector. Despite the stock’s challenging performance, down nearly 65% over the past year, analysts maintain price targets ranging from $7 to $22, suggesting potential opportunities. For deeper insights into XIFR’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, XPLR Infrastructure reported its fourth-quarter 2024 earnings, revealing a significant miss on earnings per share (EPS) expectations. The company posted an EPS of -$1.08, which was well below the forecasted $0.71. However, revenue slightly exceeded expectations, coming in at $294 million against a forecast of $288.59 million. Alongside these financial results, the company announced a strategic repositioning, including a suspension of distributions to unitholders to focus on using retained cash flow for investments. This strategy shift involves substantial investments in growth capital expenditures, particularly in SEPIF buyouts and asset repowering, without issuing new equity.
Additionally, XPLR Infrastructure has appointed Jessica Jeffrey as the new CFO, aligning with its strategic shift toward financial discipline. The company expects its adjusted EBITDA for 2025 to remain flat year-over-year, with guidance for 2026 set between $1.75 billion and $1.95 billion. Furthermore, the company plans to capitalize on the anticipated increase in power demand over the next two decades. Analyst feedback from firms such as Guggenheim Partners and Jefferies indicates a focus on the company’s future cash flow and capital allocation strategies.
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