earnings
confidence high
sentiment neutral
materiality 0.75
XPLR Infrastructure Q1 net loss $98M; adj. EBITDA $471M, reaffirms 2025-26 targets
XPLR Infrastructure, LP
2025-Q1 EPS reported
-$1.05
revenue$282,000,000
- Net loss $98M includes non-cash goodwill impairment; adjusted EBITDA $471M (+2% YoY).
- Free cash flow before growth (FCFBG) $194M, roughly flat year-over-year.
- Issued $1.75B senior unsecured notes; completed buyout of XPLR Renewables II convertible equity portfolio financing in April.
- Reaffirms 2025 adjusted EBITDA $1.85B-$2.05B and 2026 $1.75B-$1.95B; no 2025 FCFBG guidance.
- Meade pipeline investment being evaluated for potential sale; proceeds to repay associated debt.