XPLR Infrastructure, LP XIFR

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

XPLR, through its ownership in XPLR OpCo, has a partial ownership interest in a clean energy infrastructure portfolio in the U.S. with approximately 10 gigawatts of net generating capacity in 28 states as of December 31, 2025 and is one of the largest generators of energy from the wind and sun in the U.S. based on 2025 MWh produced on a net generation basis. XPLR's portfolio is diversified across generation technologies including wind, solar and battery storage projects.

XPLR believes anticipated long-term growth in U.S. electricity demand will create opportunities for XPLR to invest in its existing portfolio, including through additional investments in renewable energy repowering projects and co-located battery storage and through renewing, extending or recontracting existing PPAs. XPLR also plans to pursue investment opportunities in areas adjacent to its existing clean energy projects, with a focus on assets that are expected to provide incremental cash flows and opportunities for growth. XPLR believes its cash flow profile, geographic, technological and resource diversity, operational excellence, contractual relationships with NEE and disciplined approach to capital allocation provide XPLR with a competitive advantage and position XPLR well to take advantage of opportunities in the growing U.S. power sector.

Last close 9.47 2026-10-23
Market cap $892.8M 2026-03-31 share count
52-week range 8.68 - 13.25

Valuation FY2025 figures against the last close

P/S0.8x
P/E—
P/FCF—
EV/EBITDA17.1x
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.19B$1.23B$1.08B$969.0M$722.0M$917.0M$855.0M$771.0M$807.0M$772.0M
Total operating expenses $1.38B$1.70B$1.11B$961.0M$653.0M$662.0M$622.0M$481.0M$495.0M$470.0M
Operating income -$186.0M-$459.0M-$28.0M$44.0M$64.0M$253.0M$233.0M$443.0M$312.0M$302.0M
Interest expense —————$620.0M$702.0M$248.0M$199.0M$152.0M
Pre-tax income -$477.0M-$454.0M-$279.0M$1.13B$303.0M-$257.0M-$430.0M$273.0M$281.0M$440.0M
Income tax $78.0M$42.0M$25.0M$161.0M$37.0M$19.0M$26.0M$6.0M$167.0M$57.0M
Net income -$28.0M-$23.0M$200.0M$477.0M$137.0M-$55.0M-$88.0M$167.0M-$64.0M$83.0M
EPS, basic -0.30-0.252.185.621.77-0.81-1.513.05-1.181.90
EPS, diluted ———5.621.77-0.81-1.512.91-1.181.90
Shares, diluted (wtd. avg.) 93.9M93.5M91.6M84.9M77.4M68.4M58.8M74.6M54.2M43.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $960.0M$283.0M$294.0M$284.0M$151.0M$112.0M$132.0M$166.0M$198.0M$191.0M
Receivables $102.0M$105.0M$114.0M$117.0M$112.0M$83.0M$79.0M$63.0M$85.0M$87.0M
Inventory $103.0M$108.0M$82.0M$49.0M$41.0M$24.0M$20.0M———
Total current assets $1.42B$860.0M$2.22B$1.86B$1.41B$414.0M$433.0M$340.0M$398.0M$367.0M
Property, plant and equipment $15.37B$14.55B$14.84B$14.19B$11.42B$7.16B$6.97B$6.77B$6.20B$6.30B
Goodwill $0$253.0M$833.0M$812.0M$891.0M$609.0M$609.0M$584.0M$628.0M$628.0M
Total assets $19.59B$20.29B$22.51B$23.05B$18.98B$12.56B$12.26B$9.40B$8.43B$8.66B
Accounts payable $58.0M$65.0M$72.0M$867.0M$982.0M$143.0M$122.0M$10.0M$26.0M$331.0M
Short-term debt $762.0M$705.0M$1.35B$38.0M$33.0M$12.0M$12.0M$707.0M$99.0M$78.0M
Total current liabilities $1.57B$1.09B$1.67B$1.33B$1.26B$350.0M$301.0M$859.0M$276.0M$818.0M
Long-term debt $5.44B$4.61B$4.94B$5.25B$5.29B$3.38B$4.13B$2.73B$4.22B$3.51B
Total liabilities $8.70B$7.43B$8.45B$8.28B$7.82B$4.86B$5.19B$3.87B$6.20B$6.09B
Total equity $10.90B$12.87B$14.06B$14.67B$10.84B$7.71B$7.07B$5.54B$2.22B$2.58B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $739.0M$800.0M$731.0M$776.0M$677.0M$665.0M$346.0M$362.0M$413.0M$415.0M
Depreciation and amortisation $544.0M$531.0M$504.0M$378.0M$242.0M$247.0M$236.0M$199.0M$204.0M$213.0M
Capital expenditure $958.0M$241.0M$1.27B$1.35B$113.0M$334.0M$93.0M$25.0M$349.0M$861.0M
Investing cash flow $630.0M$1.24B-$194.0M-$1.19B-$2.30B-$681.0M-$2.35B-$763.0M-$1.37B-$1.72B
Financing cash flow -$674.0M-$2.00B-$527.0M$551.0M$1.66B-$4.0M$1.97B$371.0M$959.0M$1.30B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001603145-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 772M Net income, FY2016: 83M Revenue, FY2017: 807M Net income, FY2017: -64M Revenue, FY2018: 771M Net income, FY2018: 167M Revenue, FY2019: 855M Net income, FY2019: -88M Revenue, FY2020: 917M Net income, FY2020: -55M Revenue, FY2021: 722M Net income, FY2021: 137M Revenue, FY2022: 969M Net income, FY2022: 477M Revenue, FY2023: 1.1B Net income, FY2023: 200M Revenue, FY2024: 1.2B Net income, FY2024: -23M Revenue, FY2025: 1.2B Net income, FY2025: -28M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $772.0M $807.0M $771.0M $855.0M $917.0M $722.0M $969.0M $1.08B $1.23B $1.19B
Gross profit — — — — — — — — — —
Net income $83.0M -$64.0M $167.0M -$88.0M -$55.0M $137.0M $477.0M $200.0M -$23.0M -$28.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation Item 2.03
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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