earnings
confidence high
sentiment neutral
materiality 0.55
XPLR Infrastructure Q1 net income $33M, adj. EBITDA $435M; reaffirms 2026 guidance
XPLR Infrastructure, LP
2026-Q1 EPS reported
$0.35
revenue$275,000,000
- Q1 2026 net income attributable to XPLR Infrastructure $33M; adjusted EBITDA $435M.
- Free cash flow before growth $89M, down YoY due to ~$74M incremental interest from $1.75B unsecured notes issued March 2025.
- Completed ~30% of planned 2026 repowerings; battery storage co-investment with NextEra Energy Resources (49% interest in 4 projects, ~200 MW by end 2027).
- 2026 guidance reaffirmed: adj. EBITDA $1.75B-$1.95B, FCFBG $600M-$700M.
- CEO Alan Liu cites solid start and focus on capital structure simplification.