XPLR completes sale of Meade pipeline investment for $1.1B cash to Ares Management affiliates

XPLR Infrastructure, LP

Total cash consideration of approximately $1.1B from sale of interests in Meade Pipeline Co and Redwood Meade Midstream.
Proceeds used to repay $822M in project-related debt and $208M buyout of noncontrolling interests in XPLR Pipelines.
Pro forma balance sheet as of June 30, 2025 shows total debt reduced from $6.6B to $5.8B and equity decreased slightly.
Sale closed on September 22, 2025; previously disclosed agreement dated August 7, 2025.

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