XPLR Infrastructure LP Financials

XIFR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 56/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

XPLR Infrastructure LP has an operating margin of -37.3%, meaning the company retains $-37 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -2.6% the prior year.

Growth

XPLR Infrastructure LP's revenue grew 14.1% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 69/100.

Leverage

XPLR Infrastructure LP carries a low D/E ratio of 0.36, meaning only $0.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

XPLR Infrastructure LP's current ratio of 0.79 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.

Cash Flow

100

XPLR Infrastructure LP converts 45.5% of revenue into free cash flow ($559.0M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Weak

3/9

XPLR Infrastructure LP passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-34.78x

For every $1 of reported earnings, XPLR Infrastructure LP generates $-34.78 in operating cash flow ($800.0M OCF vs -$23.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows XPLR Infrastructure LP (XIFR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.2B

YoY+14.1%

5Y CAGR+7.5%

10Y CAGR+13.1%

XPLR Infrastructure LP generated $1.2B in revenue in fiscal year 2024. This represents an increase of 14.1% from the prior year.

EBITDA

$154.0M

YoY-72.4%

5Y CAGR-22.2%

10Y CAGR-5.6%

XPLR Infrastructure LP's EBITDA was $154.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 72.4% from the prior year.

Free Cash Flow

$559.0M

YoY+203.9%

5Y CAGR+17.2%

XPLR Infrastructure LP generated $559.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 203.9% from the prior year.

Net Income

-$23.0M

YoY-111.5%

XPLR Infrastructure LP reported -$23.0M in net income in fiscal year 2024. This represents a decrease of 111.5% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$283.0M

YoY+3.3%

5Y CAGR+17.2%

10Y CAGR+9.8%

XPLR Infrastructure LP held $283.0M in cash against $4.6B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

94M

YoY+0.1%

5Y CAGR+7.4%

10Y CAGR+17.5%

XPLR Infrastructure LP had 94M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Gross Margin

N/A

Operating Margin

-37.3%

YoY-34.7pp

5Y CAGR-64.6pp

10Y CAGR-86.3pp

XPLR Infrastructure LP's operating margin was -37.3% in fiscal year 2024, reflecting core business profitability. This is down 34.7 percentage points from the prior year.

Net Margin

-1.9%

YoY-20.4pp

5Y CAGR+8.4pp

10Y CAGR-2.7pp

XPLR Infrastructure LP's net profit margin was -1.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 20.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$241.0M

YoY-81.0%

5Y CAGR+21.0%

10Y CAGR-10.3%

XPLR Infrastructure LP invested $241.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.0% from the prior year.

XIFR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.2B+14.1%	$1.1B+11.2%	$969.0M+34.2%	$722.0M-21.3%	$917.0M+7.3%	$855.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$459.0M-1539.3%	-$28.0M-163.6%	$44.0M-31.3%	$64.0M-74.7%	$253.0M+8.6%	$233.0M
Interest Expense	N/A	N/A	N/A	N/A	$620.0M-11.7%	$702.0M
Income Tax	-$46.0M-84.0%	-$25.0M-115.5%	$161.0M+335.1%	$37.0M+294.7%	-$19.0M+26.9%	-$26.0M
Net Income	-$23.0M-111.5%	$200.0M-58.1%	$477.0M+248.2%	$137.0M+349.1%	-$55.0M+37.5%	-$88.0M
EPS (Diluted)	N/A	N/A	$5.62+217.5%	$1.77+318.5%	$-0.81+46.4%	$-1.51

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$315.0M-7.9%	$342.0M+21.3%	$282.0M-4.1%	$294.0M-18.3%	$360.0M+40.1%	$257.0M+10.8%	$232.0M-24.7%	$308.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$5.0M-94.4%	$90.0M+138.6%	-$233.0M+57.9%	-$553.0M-937.9%	$66.0M+414.3%	-$21.0M+58.8%	-$51.0M-259.4%	$32.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$43.0M+204.9%	-$41.0M+8.9%	-$45.0M+48.9%	-$88.0M-519.0%	$21.0M+261.5%	-$13.0M+60.6%	-$33.0M-217.9%	$28.0M
Net Income	-$37.0M-146.8%	$79.0M+180.6%	-$98.0M+14.8%	-$115.0M-285.5%	$62.0M-11.4%	$70.0M-37.5%	$112.0M+111.3%	$53.0M
EPS (Diluted)	$-0.40-147.6%	$0.84+180.0%	$-1.05-144.2%	$-0.43-165.2%	$0.66-12.0%	$0.75	N/A	$0.57

XIFR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$20.3B-9.9%	$22.5B-2.3%	$23.1B+21.5%	$19.0B+51.1%	$12.6B+2.5%	$12.3B
Current Assets	$860.0M-61.2%	$2.2B+19.0%	$1.9B+32.1%	$1.4B+240.6%	$414.0M-4.4%	$433.0M
Cash & Equivalents	$283.0M+3.3%	$274.0M+21.2%	$226.0M+53.7%	$147.0M+36.1%	$108.0M-15.6%	$128.0M
Inventory	$108.0M+31.7%	$82.0M+67.3%	$49.0M+19.5%	$41.0M+70.8%	$24.0M+20.0%	$20.0M
Accounts Receivable	$105.0M-7.9%	$114.0M-2.6%	$117.0M+4.5%	$112.0M+34.9%	$83.0M+5.1%	$79.0M
Goodwill	$253.0M-69.6%	$833.0M+2.6%	$812.0M-8.9%	$891.0M+46.3%	$609.0M0.0%	$609.0M
Total Liabilities	$7.4B-12.2%	$8.5B+2.1%	$8.3B+5.9%	$7.8B+61.0%	$4.9B-6.5%	$5.2B
Current Liabilities	$1.1B-34.9%	$1.7B+26.0%	$1.3B+5.2%	$1.3B+260.3%	$350.0M+16.3%	$301.0M
Long-Term Debt	$4.6B-6.7%	$4.9B-5.9%	$5.3B-0.8%	$5.3B+56.8%	$3.4B-18.3%	$4.1B
Total Equity	$12.9B-8.5%	$14.1B-4.2%	$14.7B+35.4%	$10.8B+40.6%	$7.7B+9.1%	$7.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$19.1B-6.7%	$20.5B-4.2%	$21.4B+5.5%	$20.3B-6.5%	$21.7B-2.8%	$22.3B-0.8%	$22.5B-3.0%	$23.2B
Current Assets	$1.2B-16.6%	$1.5B-30.0%	$2.1B+141.7%	$860.0M-42.7%	$1.5B-31.3%	$2.2B-1.5%	$2.2B+97.5%	$1.1B
Cash & Equivalents	$711.0M-19.2%	$880.0M-42.5%	$1.5B+440.6%	$283.0M+0.7%	$281.0M+14.7%	$245.0M-10.6%	$274.0M-17.5%	$332.0M
Inventory	$100.0M0.0%	$100.0M-3.8%	$104.0M-3.7%	$108.0M+16.1%	$93.0M+5.7%	$88.0M+7.3%	$82.0M+5.1%	$78.0M
Accounts Receivable	$109.0M-26.4%	$148.0M+15.6%	$128.0M+21.9%	$105.0M-30.5%	$151.0M+13.5%	$133.0M+16.7%	$114.0M-18.0%	$139.0M
Goodwill	$0	$0	$0-100.0%	$253.0M-69.6%	$833.0M0.0%	$833.0M0.0%	$833.0M-8.8%	$913.0M
Total Liabilities	$8.1B-11.7%	$9.2B+4.3%	$8.8B+19.1%	$7.4B-5.3%	$7.8B-6.2%	$8.4B-1.1%	$8.5B-4.0%	$8.8B
Current Liabilities	$1.6B-14.3%	$1.9B+68.4%	$1.1B+3.5%	$1.1B-5.5%	$1.1B-28.3%	$1.6B-4.0%	$1.7B-9.2%	$1.8B
Long-Term Debt	$4.9B-13.3%	$5.6B-6.3%	$6.0B+29.9%	$4.6B-6.4%	$4.9B-0.4%	$4.9B0.0%	$4.9B-3.9%	$5.1B
Total Equity	$11.0B-2.6%	$11.3B-10.2%	$12.6B-2.4%	$12.9B-7.2%	$13.9B-0.8%	$14.0B-0.6%	$14.1B-2.4%	$14.4B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XIFR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$800.0M+9.4%	$731.0M-5.8%	$776.0M+14.6%	$677.0M+1.8%	$665.0M+92.2%	$346.0M
Capital Expenditures	$241.0M-81.0%	$1.3B-6.1%	$1.4B+1095.6%	$113.0M-66.2%	$334.0M+259.1%	$93.0M
Free Cash Flow	$559.0M+203.9%	-$538.0M+6.4%	-$575.0M-202.0%	$564.0M+70.4%	$331.0M+30.8%	$253.0M
Investing Cash Flow	$1.2B+737.1%	-$194.0M+83.8%	-$1.2B+48.1%	-$2.3B-237.9%	-$681.0M+71.0%	-$2.3B
Financing Cash Flow	-$2.0B-279.9%	-$527.0M-195.6%	$551.0M-66.9%	$1.7B+41675.0%	-$4.0M-100.2%	$2.0B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$231.0M-0.4%	$232.0M+157.8%	$90.0M-68.2%	$283.0M+22.5%	$231.0M+196.2%	$78.0M-56.4%	$179.0M-30.1%	$256.0M
Capital Expenditures	$514.0M+534.6%	$81.0M-9.0%	$89.0M+71.2%	$52.0M-24.6%	$69.0M+7.8%	$64.0M-68.8%	$205.0M-20.2%	$257.0M
Free Cash Flow	-$283.0M-287.4%	$151.0M+15000.0%	$1.0M-99.6%	$231.0M+42.6%	$162.0M+1057.1%	$14.0M+153.8%	-$26.0M-2500.0%	-$1.0M
Investing Cash Flow	$632.0M+101.3%	$314.0M+740.8%	-$49.0M+54.6%	-$108.0M-115.3%	$706.0M+1581.0%	$42.0M-88.6%	$370.0M+376.1%	-$134.0M
Financing Cash Flow	-$1.0B+15.3%	-$1.2B-198.8%	$1.2B+730.6%	-$193.0M+79.0%	-$917.0M-711.5%	-$113.0M+82.2%	-$636.0M-72.4%	-$369.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XIFR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-37.3%-34.7pp	-2.6%-7.1pp	4.5%-4.3pp	8.9%-18.7pp	27.6%+0.3pp	27.3%
Net Margin	-1.9%-20.4pp	18.6%-30.7pp	49.2%+30.3pp	19.0%+25.0pp	-6.0%+4.3pp	-10.3%
Return on Equity	N/A	1.4%-1.8pp	3.3%+2.0pp	1.3%	N/A	N/A
Return on Assets	-0.1%-1.0pp	0.9%-1.2pp	2.1%+1.4pp	0.7%+1.2pp	-0.4%+0.3pp	-0.7%
Current Ratio	0.79-0.5	1.33-0.1	1.40+0.3	1.12-0.1	1.18-0.3	1.44
Debt-to-Equity	0.360.0	0.350.0	0.36-0.1	0.49+0.1	0.44-0.1	0.58
FCF Margin	45.5%+95.4pp	-49.9%+9.4pp	-59.3%-137.5pp	78.1%+42.0pp	36.1%+6.5pp	29.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	1.6%-24.7pp	26.3%+108.9pp	-82.6%+105.5pp	-188.1%-206.4pp	18.3%+26.5pp	-8.2%+13.8pp	-22.0%-32.4pp	10.4%
Net Margin	-11.8%-34.9pp	23.1%+57.9pp	-34.8%+4.4pp	-39.1%-56.3pp	17.2%-10.0pp	27.2%-21.0pp	48.3%+31.1pp	17.2%
Return on Equity	N/A	0.7%	N/A	N/A	0.4%-0.1pp	0.5%-0.3pp	0.8%+0.4pp	0.4%
Return on Assets	-0.2%-0.6pp	0.4%+0.9pp	-0.5%+0.1pp	-0.6%-0.9pp	0.3%-0.0pp	0.3%-0.2pp	0.5%+0.3pp	0.2%
Current Ratio	0.75-0.0	0.77-1.1	1.85+1.1	0.79-0.5	1.30-0.1	1.36+0.0	1.33+0.7	0.61
Debt-to-Equity	0.44-0.1	0.50+0.0	0.48+0.1	0.360.0	0.360.0	0.350.0	0.350.0	0.36
FCF Margin	-89.8%-134.0pp	44.1%+43.8pp	0.4%-78.2pp	78.6%+33.6pp	45.0%+39.6pp	5.5%+16.7pp	-11.2%-10.9pp	-0.3%

Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is XPLR Infrastructure LP's annual revenue?

XPLR Infrastructure LP (XIFR) reported $1.2B in total revenue for fiscal year 2024. This represents a 14.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is XPLR Infrastructure LP's revenue growing?

XPLR Infrastructure LP (XIFR) revenue grew by 14.1% year-over-year, from $1.1B to $1.2B in fiscal year 2024.

Is XPLR Infrastructure LP profitable?

No, XPLR Infrastructure LP (XIFR) reported a net income of -$23.0M in fiscal year 2024, with a net profit margin of -1.9%.

What is XPLR Infrastructure LP's EBITDA?

XPLR Infrastructure LP (XIFR) had EBITDA of $154.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does XPLR Infrastructure LP have?

As of fiscal year 2024, XPLR Infrastructure LP (XIFR) had $283.0M in cash and equivalents against $4.6B in long-term debt.

What is XPLR Infrastructure LP's operating margin?

XPLR Infrastructure LP (XIFR) had an operating margin of -37.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is XPLR Infrastructure LP's net profit margin?

XPLR Infrastructure LP (XIFR) had a net profit margin of -1.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is XPLR Infrastructure LP's free cash flow?

XPLR Infrastructure LP (XIFR) generated $559.0M in free cash flow during fiscal year 2024. This represents a 203.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is XPLR Infrastructure LP's operating cash flow?

XPLR Infrastructure LP (XIFR) generated $800.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are XPLR Infrastructure LP's total assets?

XPLR Infrastructure LP (XIFR) had $20.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are XPLR Infrastructure LP's capital expenditures?

XPLR Infrastructure LP (XIFR) invested $241.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does XPLR Infrastructure LP have outstanding?

XPLR Infrastructure LP (XIFR) had 94M shares outstanding as of fiscal year 2024.

What is XPLR Infrastructure LP's current ratio?

XPLR Infrastructure LP (XIFR) had a current ratio of 0.79 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is XPLR Infrastructure LP's debt-to-equity ratio?

XPLR Infrastructure LP (XIFR) had a debt-to-equity ratio of 0.36 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is XPLR Infrastructure LP's return on assets (ROA)?

XPLR Infrastructure LP (XIFR) had a return on assets of -0.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is XPLR Infrastructure LP's Piotroski F-Score?

XPLR Infrastructure LP (XIFR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are XPLR Infrastructure LP's earnings high quality?

XPLR Infrastructure LP (XIFR) has an earnings quality ratio of -34.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is XPLR Infrastructure LP?

XPLR Infrastructure LP (XIFR) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.