BUZZ-XPLR Infrastructure tumbles on suspending dividend, repositioning business

** XPLR Infrastructure's NEP.N shares tumble ~23% to $12.10 premarket

** Company, previously known as NextEra Energy Partners, reports Q4 net loss of $1.08/shr vs profit of $1.20/shr a year earlier

** XPLR Infrastructure to suspend distributions to unitholders for an indefinite period as it repositions its business model

** Company says it will now focus on utilizing retained operating cash flows to fund investments instead of raising new capital to acquire assets

** "The changes we are announcing today are intended to eliminate the need to issue equity, (enabling NEP) to both preserve its balance sheet capacity ... and maintain greater financial flexibility," company says

** Company names Alan Liu, ex-NextEra Energy executive, as president and CEO

** As of last close, company's shares down 11.2% YTD