XPLR Infrastructure LP (XIFR) financial statements: income statement, balance sheet and cash flow
XPLR Infrastructure LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), XPLR Infrastructure LP reported revenue of $1.2B (-3.4% year on year) and net income of ($436.0M) (-6.1% year on year).
Income statement
XPLR Infrastructure LP income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$1.2B
$1.2B
$1.1B
$1.2B
Operations and maintenance(b)
$498.0M
$504.0M
$520.0M
$571.0M
Depreciation and amortization
$564.0M
$550.0M
$521.0M
$430.0M
Goodwill impairment charge
$253.0M
$575.0M
—
—
Taxes other than income taxes and other – net
$68.0M
$73.0M
$65.0M
$49.0M
Total operating expenses – net
$1.4B
$1.7B
$1.1B
$1.1B
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET
$9.0M
$13.0M
—
—
OPERATING LOSS
($186.0M)
($459.0M)
($28.0M)
$197.0M
Interest expense
($437.0M)
($170.0M)
($394.0M)
$853.0M
Equity in earnings of equity method investees
$127.0M
$107.0M
$152.0M
$183.0M
Equity in earnings (losses) of non-economic ownership interests
($3.0M)
$18.0M
—
$56.0M
Other – net
$22.0M
$47.0M
$9.0M
$3.0M
Total other income (deductions) – net
($291.0M)
$2.0M
($229.0M)
$1.1B
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
($477.0M)
($457.0M)
($257.0M)
$1.3B
INCOME TAX BENEFIT
($78.0M)
($46.0M)
($25.0M)
$171.0M
LOSS FROM CONTINUING OPERATIONS
($399.0M)
($411.0M)
($232.0M)
—
Loss from discontinued operations
($37.0M)
$0
$450.0M
—
NET INCOME (LOSS)
($436.0M)
($411.0M)
$218.0M
$1.1B
Net Income (Loss) Attributable to Noncontrolling Interest
$408.0M
$388.0M
($18.0M)
($644.0M)
NET INCOME (LOSS) ATTRIBUTABLE TO XPLR
($28.0M)
($23.0M)
$200.0M
$477.0M
Continuing operation, basic(in usd per share)
-$0.07
-$0.25
$0.34
—
Discontinued operations, basic (in usd per share)
-$0.23
$0.00
$1.84
—
Earnings (loss) per common unit attributable to XPLR Infrastructure, LP - assuming dilution (usd per share)
-$0.30
-$0.25
$2.18
$5.62
Earnings Per Share, Basic, Assuming Dilution
-$0.07
-$0.25
—
—
Earnings Per Share, Basic, Assuming Dilution, Discontinued Operations
-$0.23
$0.00
—
—
Earnings Per Share, Assuming Dilution
-$0.30
-$0.25
—
—
XPLR Infrastructure LP income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$363.0M
$275.0M
$315.0M
$342.0M
Operations and maintenance
$144.0M
$134.0M
$151.0M
$102.0M
Depreciation and amortization
$143.0M
$140.0M
$142.0M
$141.0M
Goodwill impairment charge
$0
$0
$0
$0
Taxes other than income taxes and other – net
$17.0M
$18.0M
$15.0M
$18.0M
Total operating expenses – net
$304.0M
$292.0M
$308.0M
$261.0M
GAINS (LOSSES) ON DISPOSAL OF BUSINESSES/ASSETS – NET
$1.0M
—
($2.0M)
$9.0M
OPERATING INCOME (LOSS)
$60.0M
($17.0M)
$5.0M
$90.0M
Interest expense
($92.0M)
($102.0M)
($94.0M)
($131.0M)
Equity in earnings of equity method investees
$25.0M
$12.0M
$66.0M
$31.0M
Other – net
$9.0M
$8.0M
$5.0M
$8.0M
Total other deductions – net
($58.0M)
($82.0M)
($23.0M)
($95.0M)
INCOME (LOSS) BEFORE INCOME TAXES
$2.0M
($99.0M)
($18.0M)
($5.0M)
INCOME TAX BENEFIT
($11.0M)
($51.0M)
$43.0M
($41.0M)
INCOME (LOSS) FROM CONTINUING OPERATIONS
$13.0M
($48.0M)
($61.0M)
—
LOSS FROM DISCONTINUED OPERATIONS, net of tax benefit of $3 and $6, respectively
$0
$0
($3.0M)
—
NET INCOME (LOSS)
$13.0M
($48.0M)
($64.0M)
$36.0M
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS
$25.0M
$81.0M
$27.0M
$43.0M
NET INCOME (LOSS) ATTRIBUTABLE TO XPLR
$38.0M
$33.0M
($37.0M)
$79.0M
Earnings (loss) per common unit attributable to XPLR, basic, continuing operations
$0.4
$0.35
($0.37)
—
Earnings (loss) per common unit attributable to XPLR, diluted, continuing operations
$0.4
$0.35
($0.37)
—
Earnings (loss) per common unit attributable to XPLR, basic, discontinued operations
$0
$0
($0.03)
—
Earnings (loss) per common unit attributable to XPLR, diluted, discontinued operations
$0
$0
($0.03)
—
Earnings (loss) per common unit attributable to XPLR – basic
$0.40
$0.35
-$0.40
$0.84
Earnings (loss) per common unit attributable to XPLR – assuming dilution
$0.40
$0.35
-$0.40
$0.84
Balance sheet
XPLR Infrastructure LP balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$960.0M
$283.0M
$274.0M
$235.0M
Accounts receivable
$102.0M
$105.0M
$114.0M
$137.0M
Other receivables
$93.0M
$86.0M
$64.0M
$41.0M
Due from related parties
$43.0M
$148.0M
$1.6B
$1.1B
Inventory
$103.0M
$108.0M
$82.0M
$51.0M
Other Assets, Current
$121.0M
$130.0M
$107.0M
$202.0M
Total current assets
$1.4B
$860.0M
$2.2B
$1.9B
Property, plant and equipment – net
$15.4B
$14.6B
$14.8B
$14.9B
Intangible assets
$1.6B
$1.8B
$2.0B
$2.5B
Goodwill
$0
$253.0M
$833.0M
$891.0M
Investments in equity method investees
$625.0M
$1.8B
$1.9B
$1.9B
Assets held for sale
$0
—
$0
—
Other
$534.0M
$1.0B
$785.0M
$333.0M
Total other assets
$18.2B
$19.4B
$20.3B
$21.2B
TOTAL ASSETS
$19.6B
$20.3B
$22.5B
$23.1B
Accounts payable and accrued expenses
$58.0M
$65.0M
$72.0M
$868.0M
Due to related parties
$498.0M
$159.0M
$87.0M
$92.0M
Current portion of long-term debt
$762.0M
$705.0M
$1.3B
$38.0M
Accrued interest
$103.0M
$46.0M
$38.0M
$28.0M
Accrued property taxes
$29.0M
$32.0M
$43.0M
$31.0M
Other
$118.0M
$80.0M
$83.0M
$257.0M
Total current liabilities
$1.6B
$1.1B
$1.7B
$1.3B
Long-term debt
$5.4B
$4.6B
$4.9B
$5.3B
Asset retirement obligations
$373.0M
$366.0M
$331.0M
$299.0M
Due to related parties
$93.0M
$43.0M
$53.0M
$54.0M
Intangible liabilities – PPAs – net
$1.0B
$1.1B
$1.2B
$1.2B
Other
$188.0M
$200.0M
$248.0M
$196.0M
Total other liabilities and deferred credits
$7.1B
$6.3B
$6.8B
$7.0B
TOTAL LIABILITIES
$8.7B
$7.4B
$8.5B
$8.3B
Common units (94.0 and 93.5 units issued and outstanding, respectively)
$3.2B
$3.2B
$3.6B
$3.3B
Accumulated other comprehensive loss
($5.0M)
($6.0M)
($7.0M)
($7.0M)
Noncontrolling interests
$7.7B
$9.7B
$10.5B
$11.3B
TOTAL EQUITY
$10.9B
$12.9B
$14.1B
$14.7B
TOTAL LIABILITIES AND EQUITY
$19.6B
$20.3B
$22.5B
$23.1B
XPLR Infrastructure LP balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$500.0M
$943.0M
$711.0M
$880.0M
Accounts receivable
$162.0M
$130.0M
$109.0M
$148.0M
Other receivables
$82.0M
$89.0M
$95.0M
$90.0M
Due from related parties
$65.0M
$60.0M
$68.0M
$93.0M
Inventory
$111.0M
$107.0M
$100.0M
$100.0M
Other
$142.0M
$99.0M
$131.0M
$145.0M
Total current assets
$1.1B
$1.4B
$1.2B
$1.5B
Property, plant and equipment – net
$15.2B
$15.3B
$15.1B
$14.9B
Intangible assets – PPAs – net
$1.6B
$1.6B
$1.7B
$1.7B
Investments in equity method investees
$629.0M
$615.0M
$638.0M
$1.8B
Other
$548.0M
$572.0M
$532.0M
$683.0M
Total other assets
$17.9B
$18.1B
$17.9B
$19.0B
TOTAL ASSETS
$19.0B
$19.5B
$19.1B
$20.5B
Accounts payable and accrued expenses
$44.0M
$51.0M
$57.0M
$60.0M
Due to related parties
$427.0M
$559.0M
$370.0M
$598.0M
Current portion of long-term debt
$120.0M
$617.0M
$999.0M
$1.0B
Accrued interest
$109.0M
$62.0M
$50.0M
$88.0M
Accrued property taxes
$33.0M
$21.0M
$37.0M
$30.0M
Other
$102.0M
$90.0M
$111.0M
$93.0M
Total current liabilities
$835.0M
$1.4B
$1.6B
$1.9B
Long-term debt
$5.9B
$5.7B
$4.9B
$5.6B
Asset retirement obligations
$377.0M
$377.0M
$371.0M
$375.0M
Due to related parties
$81.0M
$94.0M
$43.0M
$44.0M
Intangible liabilities – PPAs – net
$990.0M
$1.0B
$1.1B
$1.1B
Other
$186.0M
$186.0M
$194.0M
$226.0M
Total other liabilities and deferred credits
$7.5B
$7.4B
$6.5B
$7.3B
TOTAL LIABILITIES
$8.4B
$8.8B
$8.1B
$9.2B
Common units (94.3 and 94.0 units issued and outstanding, respectively)
$3.2B
$3.2B
$3.2B
$3.2B
Accumulated other comprehensive loss
($5.0M)
($5.0M)
($5.0M)
($6.0M)
Noncontrolling interests
$7.4B
$7.5B
$7.8B
$8.1B
TOTAL EQUITY
$10.6B
$10.7B
$11.0B
$11.3B
TOTAL LIABILITIES AND EQUITY
$19.0B
$19.5B
$19.1B
$20.5B
Common units outstanding (in shares)
94.3M
94.3M
94.0M
—
Cash flow statement
XPLR Infrastructure LP cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
($436.0M)
($411.0M)
$218.0M
$1.1B
Depreciation and amortization
$564.0M
$550.0M
$553.0M
$430.0M
Intangible amortization – PPAs
$83.0M
$82.0M
$82.0M
$143.0M
Change in value of derivative contracts
$185.0M
($91.0M)
$284.0M
($1.0B)
Deferred income taxes
($42.0M)
$1.0M
$34.0M
$171.0M
Equity in earnings of equity method investees, net of distributions received
$29.0M
$73.0M
$32.0M
$3.0M
Equity in earnings (losses) of non-economic ownership interests, net of distributions received
$16.0M
$3.0M
—
—
Gains on disposal of businesses/assets – net
($9.0M)
($13.0M)
($375.0M)
($36.0M)
Goodwill impairment charge
$253.0M
$575.0M
—
—
Other – net
$32.0M
$17.0M
$20.0M
$10.0M
Current assets
$7.0M
($17.0M)
($34.0M)
($43.0M)
Noncurrent assets
$1.0M
($13.0M)
($81.0M)
($2.0M)
Current liabilities
$26.0M
$45.0M
($14.0M)
$63.0M
Noncurrent liabilities
$30.0M
($1.0M)
$16.0M
$0
Net cash provided by operating activities
$739.0M
$800.0M
$731.0M
$776.0M
Acquisitions of membership interests in subsidiaries – net
$0
$0
($661.0M)
($989.0M)
Capital expenditures and other investments
($958.0M)
($241.0M)
($1.3B)
($1.4B)
Proceeds from sale of a business
$0
$0
$1.9B
$204.0M
Proceeds from sale of equity method investments
$1.1B
—
—
—
Payments from (to) related parties under CSCS agreement – net
$116.0M
$1.4B
($1.2B)
($240.0M)
Distributions from non-economic ownership interests
$309.0M
—
$0
$0
Reimbursements from related parties for capital expenditures
$0
$66.0M
$1.1B
$1.2B
Other – net
$24.0M
$27.0M
$1.0M
$6.0M
Net cash provided by (used in) investing activities
$630.0M
$1.2B
($194.0M)
($1.2B)
Proceeds from issuance of common units – net
$4.0M
$3.0M
$315.0M
$147.0M
Issuances of long-term debt, including premiums and discounts
$3.4B
$354.0M
$2.4B
$1.5B
Retirements of long-term debt
($2.5B)
($1.3B)
($1.5B)
($1.5B)
Debt issuance costs
($73.0M)
($2.0M)
($12.0M)
($17.0M)
Partner contributions
$50.0M
$63.0M
$0
$2.0M
Partner distributions
($421.0M)
($816.0M)
($741.0M)
($636.0M)
Proceeds on sale of Class B noncontrolling interests – net
$0
$0
$177.0M
$1.1B
Payments to Class B noncontrolling interest investors
($86.0M)
($92.0M)
($146.0M)
($163.0M)
Buyout of Class B noncontrolling interest investors
($1.1B)
($254.0M)
($972.0M)
$0
Proceeds on sale of differential membership interests
$0
$0
$92.0M
$101.0M
Proceeds from differential membership investors
$178.0M
$173.0M
$153.0M
$137.0M
Payments to differential membership investors
($34.0M)
($75.0M)
($225.0M)
($36.0M)
Buyout of differential membership investors
($75.0M)
—
—
—
Other – net
($12.0M)
($10.0M)
($2.0M)
($18.0M)
Net cash used in financing activities
($674.0M)
($2.0B)
($527.0M)
$551.0M
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
$695.0M
$34.0M
$10.0M
$133.0M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – BEGINNING OF YEAR
$328.0M
$294.0M
$284.0M
$151.0M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – END OF YEAR
$1.0B
$328.0M
$294.0M
$284.0M
Cash paid for interest, net of amounts capitalized
$167.0M
$193.0M
$250.0M
$154.0M
Cash received for income taxes – net
$45.0M
($47.0M)
($1.0M)
$0
Change in noncash investments in non-economic ownership interests – net