Earnings ·
XPLR Infrastructure reports Q3 net income of $51M and updates full-year adjusted EBITDA outlook
XIFRXPLR Infrastructure, LP
XPLR Infrastructure, LP reported preliminary third-quarter 2026 results with net income attributable to the partnership of $51 million, or $0.54 per common unit, compared to a loss of $37 million in the prior year period. Adjusted EBITDA for the quarter was $471 million, and free cash flow before growth (FCFBG) was $164 million. The company completed approximately 85% of its planned 2026 repowerings and sold roughly 400 megawatts of interconnection assets to NextEra Energy Resources. Management updated its full-year 2026 guidance, now expecting adjusted EBITDA in the lower half of the previous range ($1.75 billion to $1.95 billion) and FCFBG near the low end of the prior range ($600 million to $700 million). Additionally, XPLR introduced 2027 expectations, projecting adjusted EBITDA between $1.56 billion and $1.70 billion and FCFBG between $525 million and $600 million. The partnership also retired the remaining balance of its 2026 unsecured notes during the quarter. XPLR Infrastructure is a limited partnership that owns a diversified portfolio of clean energy infrastructure assets, including wind, solar, and battery storage projects in the United States.