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In this paper we prove general criticality criteria for operators on manifolds with more than one end, where bounds the Ricci curvature, and a related spectral splitting theorem extending Cheeger-Gromoll’s one. Our results give new insight on Li-Wang’s theory of manifolds with a weighted Poincaré inequality. We apply them to study stable and -stable minimal hypersurfaces in manifolds with non-negative bi-Ricci or sectional curvature, in ambient dimension up to and , respectively. In the special case where the ambient space is , we prove that a -stable minimal hypersurface must either have one end or be a catenoid, and that proper, -stable minimal hypersurfaces with must be hyperplanes.

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