XPLR Infrastructure LP (f/ka/ NextEra Energy Partners, LP) Stockholders: Robbins LLP Reminds XIFR Shareholders of the Pending Class Action Lawsuit
Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired XPLR Infrastructure LP (NYSE: XIFR) securities between January 26, 2021 and January 27, 2025. XPLR acquires, owns, and manages contracted clean energy projects in the U.S., including a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The Company changed its name from 'NextEra Energy Partners, LP' to 'XPLR Infrastructure, LP' in January 2025.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that XPLR Infrastructure, LP (XIFR) Misled Investors Regarding its Yieldco Business Model
According to the complaint, during the class period, defendants failed to disclose to investors that:
(i) XPLR was struggling to maintain its operations as a yieldco; (ii) defendants temporarily relieved this issue by entering into CEPF arrangements while downplaying the attendant risks; (iii) XPLR could not buy out CEPFs before their maturity date without risking significant unitholder dilution; (iv) as a result, defendants planned to halt cash distributions to investors and instead redirect those funds to, inter alia, buy out the Company's CEPFs; and (v) as a result of all the foregoing, XPLR's yieldco business model and distribution growth rate was unsustainable.
The truth slowly began to reveal itself beginning on April 25, 2023. With each disclosure, the price of XPLR's stock declined. The complaint alleges that on January 28, 2025, XPLR announced it was abandoning its yieldco business and indefinitely suspending its cash distribution to unitholders, stating it would redirect those funds to execute on several priorities, the first of which was to buy out its remaining CEPF obligations. The Company also revealed it had appointed a new CEO. Following these disclosures, XPLR's unit price fell $3.97 per unit, or 25.13%, to close at $11.83 per unit on January 28, 2025. XPLR's unit price continued to fall an additional $1.39 per unit, or 11.75%, over the following two consecutive trading sessions, to close at $10.44 per unit on January 30, 2025.
What Now: You may be eligible to participate in the class action against XPLR Infrastructure, LP. Shareholders who want to serve as lead plaintiff for the class must file their papers with the court by May 9, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against XPLR Infrastructure, LP or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
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The Company reported net interest income on a tax-equivalent basis in the second quarter of 2025 of $112.2 million compared to $108.4 million in the prior quarter. NIM increased to 3.68% for the second quarter of 2025 from 3.55% for the previous quarter. NIM improvement was driven by an increase in yields on earning assets of 8 basis points and a decrease in rates paid on interest-bearing liabilities of 3 basis points. The contractual yield on loans HFI increased to 6.34% from 6.31% in the first quarter of 2025 and the cost of interest-bearing deposits decreased to 3.10% from 3.13% in the previous quarter. Holmes continued, 'In the second quarter, we took several strategic actions to strengthen the Company's earnings profile, including restructuring our balance sheet. We are deploying the resulting funds to redeem debt, support loan growth and enhance our funding mix in the second half of the year. 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The Company had net charge-offs of $0.5 million in the second quarter of 2025, representing annualized net charge-offs of 0.02% of average loans HFI, compared to 0.14% in the prior quarter and 0.02% in the second quarter of 2024. The Company's nonperforming loans HFI as a percentage of total loans HFI increased to 0.97% as of the end of the second quarter of 2025, compared to 0.79% at both the previous quarter-end and the end of the second quarter of 2024. Nonperforming assets as a percentage of total assets increased to 0.92% as of the end of the second quarter of 2025, compared to 0.84% at the end of the prior quarter and 0.81% as of the end of the second quarter of 2024. Holmes commented, 'Our allowance for credit losses and charge-offs remained stable during the quarter. We saw a small uptick in nonperforming assets during the quarter, but loss content remains limited, and charge-offs continue at modest levels. 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The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. 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New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements. GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES This Earnings Release contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles ('GAAP') and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated core revenue, consolidated core and segment noninterest expense and consolidated core noninterest income, consolidated core efficiency ratio (tax-equivalent basis), and adjusted return on average assets and equity. Each of these non-GAAP metrics excludes certain income and expense items that the Company's management considers to be non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles. The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-core gains and charges in the current and prior periods. The Company's management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company's underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company's results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company's Second Quarter 2025 Financial Supplement, which is available at . (Unaudited) (dollars in thousands, except share data) As of or for the Three Months Ended Jun 2025 Mar 2025 Jun 2024 Selected Balance Sheet Data Cash and cash equivalents $ 1,165,729 $ 794,706 $ 800,902 Investment securities, at fair value 1,337,565 1,580,720 1,482,379 Loans held for sale 144,212 172,770 106,875 Loans HFI 9,874,282 9,771,536 9,309,553 Allowance for credit losses on loans HFI (148,948 ) (150,531 ) (155,055 ) Total assets 13,354,238 13,136,449 12,535,169 Interest-bearing deposits (non-brokered) 8,692,848 8,623,636 8,130,704 Brokered deposits 518,719 414,428 150,113 Noninterest-bearing deposits 2,191,903 2,163,934 2,187,185 Total deposits 11,403,470 11,201,998 10,468,002 Borrowings 164,485 168,944 360,944 Allowance for credit losses on unfunded commitments 12,932 6,493 5,984 Total common shareholders' equity 1,611,130 1,601,962 1,500,502 Selected Statement of Income Data Total interest income $ 182,084 $ 179,706 $ 177,413 Total interest expense 70,669 72,065 74,798 Net interest income 111,415 107,641 102,615 Total noninterest (loss) income (34,552 ) 23,032 25,608 Total noninterest expense 81,261 79,549 75,093 (Losses) earnings before income taxes and provisions for credit losses (4,398 ) 51,124 53,130 Provisions for credit losses 5,337 2,292 2,224 Income tax (benefit) expense (12,652 ) 9,471 10,919 Net income applicable to noncontrolling interest 8 — 8 Net income applicable to FB Financial Corporation $ 2,909 $ 39,361 $ 39,979 Net interest income (tax-equivalent basis) $ 112,236 $ 108,427 $ 103,254 Adjusted net income* $ 40,821 $ 40,108 $ 39,424 Adjusted pre-tax, pre-provision net revenue* $ 58,649 $ 52,134 $ 52,369 Per Common Share Diluted net income $ 0.06 $ 0.84 $ 0.85 Adjusted diluted net income* 0.88 0.85 0.84 Book value 35.17 34.44 32.17 Tangible book value* 29.78 29.12 26.82 Weighted average number of shares outstanding - fully diluted 46,179,090 47,024,211 46,845,143 Period-end number of shares 45,807,689 46,514,547 46,642,958 Selected Ratios Return on average: Assets 0.09 % 1.21 % 1.30 % Shareholders' equity 0.74 % 10.1 % 10.9 % Tangible common equity* 0.87 % 11.9 % 13.1 % Efficiency ratio 105.7 % 60.9 % 58.6 % Core efficiency ratio (tax-equivalent basis)* 56.9 % 59.9 % 58.3 % Loans HFI to deposit ratio 86.6 % 87.2 % 88.9 % Noninterest-bearing deposits to total deposits 19.2 % 19.3 % 20.9 % Net interest margin (tax-equivalent basis) 3.68 % 3.55 % 3.57 % Yield on interest-earning assets 5.99 % 5.91 % 6.16 % Cost of interest-bearing liabilities 3.13 % 3.16 % 3.56 % Cost of total deposits 2.48 % 2.54 % 2.77 % Credit Quality Ratios Allowance for credit losses on loans HFI as a percentage of loans HFI 1.51 % 1.54 % 1.67 % Annualized net charge-offs as a percentage of average loans HFI 0.02 % 0.14 % 0.02 % Nonperforming loans HFI as a percentage of loans HFI 0.97 % 0.79 % 0.79 % Nonperforming assets as a percentage of total assets 0.92 % 0.84 % 0.81 % Preliminary Capital Ratios (consolidated) Total common shareholders' equity to assets 12.1 % 12.2 % 12.0 % Tangible common equity to tangible assets* 10.4 % 10.5 % 10.2 % Tier 1 leverage 11.3 % 11.4 % 11.7 % Tier 1 risk-based capital 12.6 % 13.1 % 13.0 % Total risk-based capital 14.7 % 15.2 % 15.1 % Common equity Tier 1 12.3 % 12.8 % 12.7 % *Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Second Quarter 2025 Financial Supplement. 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CTS Corporation Announces Date for Second Quarter 2025 Earnings Release and Conference Call
LISLE, Ill., July 14, 2025 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) will release its earnings for the second quarter 2025 at approximately 8:00 a.m. (ET) on Thursday, July 24, 2025. A conference call to discuss second quarter 2025 results with management is scheduled for Thursday, July 24, 2025 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 932754. A live audio webcast of the conference call will be available and can be accessed directly from the Investors section of the website of CTS Corporation at where it will be archived for one year. About CTSCTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit ContactAshish AgrawalVice President and Chief Financial Officer CTS Corporation4925 Indiana AvenueLisle, IL 60532USA Telephone: +1 (630) 577-8800E-mail:
