Quarterly ResultMay 7, 2026, 07:37 AM
XPLR Infrastructure Q1 Net Income $33M; EPS $0.35
AI Summary
XPLR Infrastructure, LP reported first-quarter 2026 net income attributable to XPLR Infrastructure of $33 million, a significant improvement from a loss in the prior year. The company delivered solid results in line with expectations, with adjusted EBITDA at $435 million and free cash flow before growth (FCFBG) at $89 million, the latter impacted by higher financing costs. XPLR Infrastructure also reaffirmed its 2026 financial expectations and advanced strategic initiatives, including completing 30% of planned repowerings and progressing a battery storage co-investment.
Key Highlights
- Net income attributable to XPLR Infrastructure was $33 million in Q1 2026, up from a $98 million loss in Q1 2025.
- Earnings per common unit were $0.35 in Q1 2026, compared to a loss of $1.05 in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $435 million, down from $471 million in Q1 2025.
- Free cash flow before growth (FCFBG) was $89 million, down from $194 million in Q1 2025.
- Completed approximately 30% of planned 2026 repowerings to date.
- Elected 49% interest in four battery storage co-investment projects with NextEra Energy Resources.
- Reaffirmed 2026 adjusted EBITDA guidance of $1.75 billion to $1.95 billion.
- Reaffirmed 2026 FCFBG guidance of $600 million to $700 million.