XPLR Infrastructure LP (XIFR) Financials

XIFR

Trailing 12 months to March 31, 2026

Revenue $1.2B -5.9% YoY

Net Income $103.0M +153.9% YoY

Free Cash Flow -$250.0M -145.8% YoY

Operating Cash Flow $644.0M -20.7% YoY

Market Cap $1.1B as of Sep 3, 2026

Price / Sales 1.0x on $1.2B revenue, trailing 12 months to March 31, 2026

Price / Earnings 10.9x on $103.0M net income, trailing 12 months to March 31, 2026

Price / Book 0.1x on $10.7B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XIFR SEC filings page.

XPLR Infrastructure LP (XIFR) reported $1.2B in revenue over the twelve months to Mar 31, 2026, down 5.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Rhea AI XIFR FY2025 2026-08-29

Capital-intensive infrastructure operations convert operating cash into volatile reinvestment, while depreciation keeps reported operating profit negative.

The business generated operating cash flow of $800M in FY2024 and $739M in FY2025, yet free cash flow swung from $559M to -$219M as reinvestment increased. That gap means cash generation remained positive, but the amount available after asset spending was governed more by the investment cycle than by accounting earnings.

In FY2025, depreciation and amortization reached $627M while operating income was -$186M; the large difference indicates that reported operating losses overstate the period’s cash burden, but do not eliminate the need to replace or expand assets.

The balance sheet became less flexible as debt-to-equity moved from 0.4x to 0.5x between FY2023 and FY2025, while the current ratio fell below 1.0x in both FY2024 and FY2025. This combination points to greater reliance on external financing alongside substantial capital spending.

Financial Health Signals

Financial Health Score 34/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of XPLR Infrastructure LP's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

XPLR Infrastructure LP has an operating margin of -15.7%, meaning the company loses $16 on every $100 of revenue. This results in a profitability score of 9/100. This is up from -37.3% the prior year.

Growth

XPLR Infrastructure LP's revenue declined 3.4% year-over-year, from $1.2B to $1.2B. This contraction results in a growth score of 53/100.

Leverage

XPLR Infrastructure LP has elevated debt relative to equity (D/E of 0.50), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.

Liquidity

With a current ratio of 0.91, XPLR Infrastructure LP holds $0.91 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.

Cash Flow

While XPLR Infrastructure LP generated $739.0M in operating cash flow, capex of $958.0M consumed most of it, leaving -$219.0M in free cash flow. This results in a low score of 61/100, reflecting heavy capital investment rather than weak cash generation.

Returns

XPLR Infrastructure LP posts a -0.3% return on equity (ROE), meaning it loses less than $1 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from -0.2% the prior year.

Piotroski F-Score Partial

4/8

XPLR Infrastructure LP passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

XPLR Infrastructure LP reported a net loss of $28.0M while generating $739.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$275.0M

YoY-2.5%

QoQ+10.4%

XPLR Infrastructure LP generated $275.0M in revenue in Q1 2026. This represents a decrease of 2.5% from the same quarter a year earlier. Against the prior quarter it is up 10.4%.

Net Income

$33.0M

YoY+133.7%

QoQ+17.9%

XPLR Infrastructure LP reported $33.0M in net income in Q1 2026. This represents an increase of 133.7% from the same quarter a year earlier. Against the prior quarter it is up 17.9%.

EPS (Diluted)

$0.35

YoY+133.3%

XPLR Infrastructure LP earned $0.35 per diluted share (EPS) in Q1 2026. This represents an increase of 133.3% from the same quarter a year earlier.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow

-$30.0M

YoY-3100.0%

QoQ+65.9%

XPLR Infrastructure LP recorded an outflow of $30.0M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 3100.0% from the same quarter a year earlier. Against the prior quarter it is up 65.9%.

Cash & Debt

$943.0M

YoY-38.4%

QoQ-1.8%

5Y CAGR+53.7%

10Y CAGR+21.5%

XPLR Infrastructure LP held $943.0M in cash against $5.7B in long-term debt as of Q1 2026.

Shares Outstanding

94M

YoY+0.3%

QoQ+0.3%

5Y CAGR+4.4%

10Y CAGR+8.5%

XPLR Infrastructure LP had 94M shares outstanding in Q1 2026. This represents an increase of 0.3% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Operating Margin

-6.2%

YoY+76.4pp

QoQ+13.1pp

XPLR Infrastructure LP's operating margin was -6.2% in Q1 2026, reflecting core business profitability. This is up 76.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.1 percentage points.

Net Margin

12.0%

YoY+46.8pp

QoQ+0.8pp

XPLR Infrastructure LP's net profit margin was 12.0% in Q1 2026, showing the share of revenue converted to profit. This is up 46.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Return on Equity

0.3%

YoY+1.1pp

QoQ+0.1pp

XPLR Infrastructure LP's ROE was 0.3% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

Capital Expenditures

$25.0M

YoY-71.9%

QoQ-90.9%

XPLR Infrastructure LP invested $25.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 71.9% from the same quarter a year earlier. Against the prior quarter it is down 90.9%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

XIFR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XIFR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$1.2B	$1.2B-3.4%	$1.2B+14.1%	$1.1B+11.2%	$969.0M+34.2%	$722.0M-21.3%	$917.0M+7.3%	$855.0M+10.9%	$771.0M-4.5%	$807.0M+4.5%	$772.0M+54.1%	$501.0M+39.6%	$359.0M+100.6%	$179.0M+36.6%	$131.0M
Operating Income	$30.0M	-$186.0M+59.5%	-$459.0M-1539.3%	-$28.0M-163.6%	$44.0M-31.3%	$64.0M-74.7%	$253.0M+8.6%	$233.0M-47.4%	$443.0M+42.0%	$312.0M+3.3%	$302.0M+44.5%	$209.0M+18.8%	$176.0M+144.4%	$72.0M+33.3%	$54.0M
EBITDA	N/A	$441.0M+186.4%	$154.0M-72.4%	$558.0M-1.2%	$565.0M+33.6%	$423.0M-29.9%	$603.0M+11.5%	$541.0M-15.7%	$642.0M+24.4%	$516.0M-3.2%	$533.0M+44.1%	$370.0M+35.5%	$273.0M+116.7%	$126.0M+35.5%	$93.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$620.0M-11.7%	$702.0M+183.1%	$248.0M+24.6%	$199.0M+30.9%	$152.0M+29.9%	$117.0M+17.0%	$100.0M+104.1%	$49.0M-3.9%	$51.0M
Income Tax	-$87.0M	-$78.0M-85.7%	-$42.0M-68.0%	-$25.0M-115.5%	$161.0M+335.1%	$37.0M+294.7%	-$19.0M+26.9%	-$26.0M-533.3%	$6.0M-96.4%	$167.0M+193.0%	$57.0M+72.7%	$33.0M+335.7%	-$14.0M-275.0%	$8.0M+166.7%	-$12.0M
Net Income	$103.0M	-$28.0M-21.7%	-$23.0M-111.5%	$200.0M-58.1%	$477.0M+248.2%	$137.0M+349.1%	-$55.0M+37.5%	-$88.0M-152.7%	$167.0M+360.9%	-$64.0M-177.1%	$83.0M+730.0%	$10.0M+233.3%	$3.0M-85.0%	$20.0M+25.0%	$16.0M
EPS (Basic)	N/A	-$0.30-20.0%	-$0.25-111.5%	$2.18-61.2%	$5.62+217.5%	$1.77+318.5%	-$0.81+46.4%	-$1.51-149.5%	$3.05+358.5%	-$1.18-162.1%	$1.90	N/A	N/A	N/A	N/A
EPS (Diluted)	—	N/A	N/A	N/A	$5.62+217.5%	$1.77+318.5%	-$0.81+46.4%	-$1.51-151.9%	$2.91+346.6%	-$1.18-162.1%	$1.90	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	94M+0.4%	94M+2.1%	92M+7.9%	85M+9.7%	77M+13.2%	68M+16.3%	59M-21.2%	75M+37.6%	54M+23.7%	44M	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$275.0M-2.5%	$249.0M-15.3%	$315.0M-1.3%	$342.0M-5.0%	$282.0M+9.7%	$294.0M+26.7%	$319.0M+3.6%	$360.0M+22.9%
Operating Income	-$17.0M+92.7%	-$48.0M+91.3%	$5.0M-89.8%	$90.0M+36.4%	-$233.0M-1009.5%	-$553.0M-984.3%	$49.0M+53.1%	$66.0M+153.8%
Income Tax	-$51.0M-21.4%	-$38.0M+54.8%	$43.0M+26.5%	-$41.0M-295.2%	-$42.0M-223.1%	-$84.0M-154.5%	$34.0M+21.4%	$21.0M+31.3%
Net Income	$33.0M+133.7%	$28.0M+124.3%	-$37.0M+7.5%	$79.0M+27.4%	-$98.0M-240.0%	-$115.0M-202.7%	-$40.0M-175.5%	$62.0M+26.5%
EPS (Basic)	$0.35+133.3%	$0.30+124.6%	-$0.40+7.0%	$0.84+27.3%	-$1.05-240.0%	-$1.22-200.0%	-$0.43-175.4%	$0.66+24.5%
EPS (Diluted)	$0.35+133.3%	N/A	-$0.40+7.0%	$0.84+27.3%	-$1.05-240.0%	N/A	-$0.43-175.4%	$0.66+24.5%
Diluted Shares (Avg)	94M+0.4%	N/A	94M+0.5%	94M+0.5%	94M+0.2%	N/A	94M+0.1%	94M+1.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense.

XIFR Balance Sheet

XIFR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$19.6B-3.4%	$20.3B-9.9%	$22.5B-2.3%	$23.1B+21.5%	$19.0B+51.1%	$12.6B+2.5%	$12.3B+30.3%	$9.4B+11.6%	$8.4B-2.7%	$8.7B+19.8%	$7.2B+66.6%	$4.3B+42.8%	$3.0B	N/A
Current Assets	$1.4B+65.3%	$860.0M-61.2%	$2.2B+19.0%	$1.9B+32.1%	$1.4B+240.6%	$414.0M-4.4%	$433.0M+27.4%	$340.0M-14.6%	$398.0M+8.4%	$367.0M+3.7%	$354.0M-27.2%	$486.0M+93.6%	$251.0M	N/A
Cash & Equivalents	$960.0M+239.2%	$283.0M+3.3%	$274.0M+21.2%	$226.0M+53.7%	$147.0M+36.1%	$108.0M-15.6%	$128.0M-12.9%	$147.0M-4.5%	$154.0M+2.7%	$150.0M-9.1%	$165.0M+48.6%	$111.0M+246.9%	$32.0M+28.0%	$25.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$103.0M-4.6%	$108.0M+31.7%	$82.0M+67.3%	$49.0M+19.5%	$41.0M+70.8%	$24.0M+20.0%	$20.0M	N/A	N/A	N/A	$13.0M+30.0%	$10.0M+100.0%	$5.0M	N/A
Accounts Receivable	$102.0M-2.9%	$105.0M-7.9%	$114.0M-2.6%	$117.0M+4.5%	$112.0M+34.9%	$83.0M+5.1%	$79.0M+25.4%	$63.0M-25.9%	$85.0M-2.3%	$87.0M+8.8%	$80.0M+95.1%	$41.0M-80.2%	$207.0M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$0-100.0%	$253.0M-69.6%	$833.0M+2.6%	$812.0M-8.9%	$891.0M+46.3%	$609.0M0.0%	$609.0M+4.3%	$584.0M-7.0%	$628.0M0.0%	$628.0M+1.0%	$622.0M	$0	N/A	N/A
Total Liabilities	$8.7B+17.1%	$7.4B-12.2%	$8.5B+2.1%	$8.3B+5.9%	$7.8B+61.0%	$4.9B-6.5%	$5.2B+34.2%	$3.9B-37.6%	$6.2B+1.7%	$6.1B+14.2%	$5.3B+97.3%	$2.7B+30.9%	$2.1B	N/A
Current Liabilities	$1.6B+44.3%	$1.1B-34.9%	$1.7B+26.0%	$1.3B+5.2%	$1.3B+260.3%	$350.0M+16.3%	$301.0M-65.0%	$859.0M+211.2%	$276.0M-66.3%	$818.0M+59.8%	$512.0M+59.0%	$322.0M-31.9%	$473.0M	N/A
Non-Current Liabilities	$7.1B+12.4%	$6.3B-6.5%	$6.8B-2.5%	$7.0B+6.1%	$6.6B+45.5%	$4.5B-7.9%	$4.9B+62.5%	$3.0B-49.2%	$5.9B+12.3%	$5.3B+9.4%	$4.8B+102.5%	$2.4B+49.6%	$1.6B	N/A
Long-Term Debt	$5.4B+18.0%	$4.6B-6.7%	$4.9B-5.9%	$5.3B-0.8%	$5.3B+56.8%	$3.4B-18.3%	$4.1B+51.5%	$2.7B-35.3%	$4.2B+20.2%	$3.5B+5.2%	$3.3B+84.5%	$1.8B+18.3%	$1.5B	N/A
Total Equity	$10.9B-15.3%	$12.9B-8.5%	$14.1B-4.2%	$14.7B+35.4%	$10.8B+40.6%	$7.7B+9.1%	$7.1B+27.6%	$5.5B+149.0%	$2.2B-13.7%	$2.6B+26.1%	$2.0B-8.0%	$2.2B+128.4%	$972.0M	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0+100.0%	-$30.0M	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$19.5B-8.8%	$19.6B-3.4%	$19.1B-8.5%	$20.5B-5.6%	$21.4B-4.2%	$20.3B-9.9%	$20.9B-9.9%	$21.7B-7.9%
Current Assets	$1.4B-31.3%	$1.4B+65.3%	$1.2B+42.5%	$1.5B-2.9%	$2.1B-4.8%	$860.0M-61.2%	$852.0M-24.1%	$1.5B+3.7%
Cash & Equivalents	$943.0M-38.4%	$960.0M+239.2%	$711.0M+145.2%	$880.0M+213.2%	$1.5B+524.5%	$283.0M+3.3%	$290.0M-12.7%	$281.0M-52.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$107.0M+2.9%	$103.0M-4.6%	$100.0M-2.0%	$100.0M+7.5%	$104.0M+18.2%	$108.0M+31.7%	$102.0M+30.8%	$93.0M+31.0%
Accounts Receivable	$130.0M+1.6%	$102.0M-2.9%	$109.0M-6.0%	$148.0M-2.0%	$128.0M-3.8%	$105.0M-7.9%	$116.0M-16.5%	$151.0M-0.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$253.0M-69.6%	$828.0M-9.3%	$833.0M-7.2%
Total Liabilities	$8.8B-0.8%	$8.7B+17.1%	$8.1B+11.6%	$9.2B+17.7%	$8.8B+5.9%	$7.4B-12.2%	$7.3B-17.1%	$7.8B-12.2%
Current Liabilities	$1.4B+24.4%	$1.6B+44.3%	$1.6B+284.8%	$1.9B+64.8%	$1.1B-29.9%	$1.1B-34.9%	$422.0M-77.1%	$1.1B-2.9%
Non-Current Liabilities	$7.4B-4.4%	$7.1B+12.4%	$6.5B-5.1%	$7.3B+9.6%	$7.7B+14.3%	$6.3B-6.5%	$6.9B-1.2%	$6.7B-13.7%
Long-Term Debt	$5.7B-4.6%	$5.4B+18.0%	$4.9B-4.2%	$5.6B+13.9%	$6.0B+21.1%	$4.6B-6.7%	$5.1B-1.3%	$4.9B-16.8%
Total Equity	$10.7B-14.5%	$10.9B-15.3%	$11.0B-19.3%	$11.3B-18.7%	$12.6B-10.2%	$12.9B-8.5%	$13.6B-5.6%	$13.9B-4.6%

Not reported in any period shown, so not listed: Retained Earnings.

XIFR Cash Flow Statement

XIFR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$644.0M	$739.0M-7.6%	$800.0M+9.4%	$731.0M-5.8%	$776.0M+14.6%	$677.0M+1.8%	$665.0M+92.2%	$346.0M-4.4%	$362.0M-12.3%	$413.0M-0.5%	$415.0M+44.1%	$288.0M+58.2%	$182.0M+78.4%	$102.0M+161.5%	$39.0M
Depreciation & Amortization	N/A	$627.0M+2.3%	$613.0M+4.6%	$586.0M+12.5%	$521.0M+45.1%	$359.0M+2.6%	$350.0M+13.6%	$308.0M+54.8%	$199.0M-2.5%	$204.0M-11.7%	$231.0M+43.5%	$161.0M+66.0%	$97.0M+79.6%	$54.0M+38.5%	$39.0M
Capital Expenditures	$894.0M	$958.0M+297.5%	$241.0M-81.0%	$1.3B-6.1%	$1.4B+1095.6%	$113.0M-66.2%	$334.0M+259.1%	$93.0M+272.0%	$25.0M-92.8%	$349.0M-59.5%	$861.0M+328.4%	$201.0M-71.8%	$714.0M+10.4%	$647.0M+24.7%	$519.0M
Free Cash Flow	-$250.0M	-$219.0M-139.2%	$559.0M+203.9%	-$538.0M+6.4%	-$575.0M-202.0%	$564.0M+70.4%	$331.0M+30.8%	$253.0M-24.9%	$337.0M+426.6%	$64.0M+114.3%	-$446.0M-612.6%	$87.0M+116.4%	-$532.0M+2.4%	-$545.0M-13.5%	-$480.0M
Investing Cash Flow	$660.0M	$630.0M-49.0%	$1.2B+737.1%	-$194.0M+83.8%	-$1.2B+48.1%	-$2.3B-237.9%	-$681.0M+71.0%	-$2.3B-207.9%	-$763.0M+44.2%	-$1.4B	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$1.9B	-$674.0M+66.3%	-$2.0B-279.9%	-$527.0M-195.6%	$551.0M-66.9%	$1.7B+41675.0%	-$4.0M-100.2%	$2.0B+430.7%	$371.0M-61.3%	$959.0M	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$5.0M-105.6%	$186.0M-34.3%	$231.0M+11.1%	$232.0M+0.4%	$90.0M+15.4%	$283.0M+58.1%	$208.0M-18.8%	$231.0M+7.9%
Capital Expenditures	$25.0M-71.9%	$274.0M+426.9%	$514.0M+817.9%	$81.0M+17.4%	$89.0M+39.1%	$52.0M-74.6%	$56.0M-78.2%	$69.0M-83.0%
Free Cash Flow	-$30.0M-3100.0%	-$88.0M-138.1%	-$283.0M-286.2%	$151.0M-6.8%	$1.0M-92.9%	$231.0M+988.5%	$152.0M+15300.0%	$162.0M+184.4%
Investing Cash Flow	-$19.0M+61.2%	-$267.0M-147.2%	$632.0M+6.0%	$314.0M-55.5%	-$49.0M-216.7%	-$108.0M-129.2%	$596.0M+544.8%	$706.0M+212.2%
Financing Cash Flow	$2.0M-99.8%	$329.0M+270.5%	-$1.0B-30.7%	-$1.2B-31.1%	$1.2B+1177.0%	-$193.0M+69.7%	-$779.0M-111.1%	-$917.0M-221.6%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

XIFR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XIFR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Margin	-15.7%+21.7pp	-37.3%-34.7pp	-2.6%-7.1pp	4.5%-4.3pp	8.9%-18.7pp	27.6%+0.3pp	27.3%-30.2pp	57.5%+18.8pp	38.7%-0.5pp	39.1%-2.6pp	41.7%-7.3pp	49.0%+8.8pp	40.2%-1.0pp	41.2%
Net Margin	-2.4%-0.5pp	-1.9%-20.4pp	18.6%-30.7pp	49.2%+30.3pp	19.0%+25.0pp	-6.0%+4.3pp	-10.3%-31.9pp	21.7%+29.6pp	-7.9%-18.7pp	10.8%+8.8pp	2.0%+1.2pp	0.8%-10.3pp	11.2%-1.0pp	12.2%
Return on Equity	-0.3%-0.1pp	-0.2%-1.6pp	1.4%-1.8pp	3.3%+2.0pp	1.3%+2.0pp	-0.7%+0.5pp	-1.3%-4.3pp	3.0%+5.9pp	-2.9%-6.1pp	3.2%+2.7pp	0.5%+0.3pp	0.1%-1.9pp	2.1%	N/A
Return on Assets	-0.1%0.0pp	-0.1%-1.0pp	0.9%-1.2pp	2.1%+1.4pp	0.7%+1.2pp	-0.4%+0.3pp	-0.7%-2.5pp	1.8%+2.5pp	-0.8%-1.7pp	1.0%+0.8pp	0.1%+0.1pp	0.1%-0.6pp	0.7%	N/A
Current Ratio	0.91+0.1x	0.79-0.5x	1.33-0.1x	1.40+0.3x	1.12-0.1x	1.18-0.3x	1.44+1.0x	0.40-1.0x	1.44+1.0x	0.45-0.2x	0.69-0.8x	1.51+1.0x	0.53	N/A
Debt-to-Equity	0.50+0.1x	0.360.0x	0.350.0x	0.36-0.1x	0.49+0.1x	0.44-0.1x	0.58+0.1x	0.49-1.4x	1.90+0.5x	1.36-0.3x	1.63+0.8x	0.81-0.8x	1.57	N/A
Asset Turnover	0.060.0x	0.060.0x	0.050.0x	0.040.0x	0.040.0x	0.070.0x	0.070.0x	0.080.0x	0.100.0x	0.090.0x	0.070.0x	0.080.0x	0.06	N/A
FCF Margin	-18.4%-63.9pp	45.5%+95.4pp	-49.9%+9.4pp	-59.3%-137.5pp	78.1%+42.0pp	36.1%+6.5pp	29.6%-14.1pp	43.7%+35.8pp	7.9%+65.7pp	-57.8%-75.1pp	17.4%	-148.2%	-304.5%	-366.4%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Margin	-6.2%+76.4pp	-19.3%	1.6%-13.8pp	26.3%+8.0pp	-82.6%-74.5pp	-188.1%	15.4%+5.0pp	18.3%+9.5pp
Net Margin	12.0%+46.8pp	11.2%+50.4pp	-11.8%+0.8pp	23.1%+5.9pp	-34.8%-62.0pp	-39.1%-87.4pp	-12.5%-29.8pp	17.2%+0.5pp
Return on Equity	0.3%+1.1pp	0.3%+1.2pp	-0.3%-0.1pp	0.7%+0.3pp	-0.8%-1.3pp	-0.9%-1.7pp	-0.3%-0.7pp	0.4%+0.1pp
Return on Assets	0.2%+0.6pp	0.1%+0.7pp	-0.2%0.0pp	0.4%+0.1pp	-0.5%-0.8pp	-0.6%-1.1pp	-0.2%-0.4pp	0.3%+0.1pp
Current Ratio	1.02-0.8x	0.91+0.1x	0.75-1.3x	0.77-0.5x	1.85+0.5x	0.79-0.5x	2.02+1.4x	1.30+0.1x
Debt-to-Equity	0.53+0.1x	0.50+0.1x	0.44+0.1x	0.50+0.1x	0.48+0.1x	0.360.0x	0.370.0x	0.36-0.1x
Asset Turnover	0.010.0x	0.010.0x	0.020.0x	0.020.0x	0.010.0x	0.010.0x	0.020.0x	0.020.0x
FCF Margin	-10.9%-11.3pp	-35.3%-113.9pp	-89.8%-137.5pp	44.1%-0.9pp	0.4%-5.1pp	78.6%+89.8pp	47.6%+48.0pp	45.0%+110.5pp

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.

Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
XPLR Infrastructure LP XIFR	FY2025	$1.2B	-$28.0M	-2.4%	$1.1B	34/100
Fluence Energy, Inc. FLNC	FY2025	$2.3B	-$48.3M	-2.1%	$1.5B	38/100
ENERGY VAULT HOLDINGS INC NRGV	FY2025	$203.7M	-$103.6M	-50.9%	$645.5M	25/100
Renew Energy Global Plc RNW	FY2025	$1.1B	$54.0M	4.8%	$2.5B	25/100
NextNRG Inc. NXXT	FY2025	$81.8M	-$85.7M	N/A	$34.7M	35/100
Enlight Renewabl ENLT	FY2025	$488.6M	$160.7M	32.9%	$10.7B	37/100

Where XPLR Infrastructure LP Ranks

Frequently Asked Questions

What is XPLR Infrastructure LP's annual revenue?

XPLR Infrastructure LP (XIFR) reported $1.2B in total revenue for fiscal year 2025. This represents a -3.4% 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 declined by 3.4% year-over-year, from $1.2B to $1.2B in fiscal year 2025.

Is XPLR Infrastructure LP profitable?

No, XPLR Infrastructure LP (XIFR) reported a net income of -$28.0M in fiscal year 2025, with a net profit margin of -2.4%.

What is XPLR Infrastructure LP's EBITDA?

XPLR Infrastructure LP (XIFR) had EBITDA of $441.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does XPLR Infrastructure LP have?

As of fiscal year 2025, XPLR Infrastructure LP (XIFR) had $960.0M in cash and equivalents against $5.4B in long-term debt.

What is XPLR Infrastructure LP's operating margin?

XPLR Infrastructure LP (XIFR) had an operating margin of -15.7% in fiscal year 2025, 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 -2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is XPLR Infrastructure LP's return on equity (ROE)?

XPLR Infrastructure LP (XIFR) has a return on equity of -0.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is XPLR Infrastructure LP's free cash flow?

XPLR Infrastructure LP (XIFR) recorded an outflow of $219.0M in free cash flow during fiscal year 2025. This represents a -139.2% 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 $739.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are XPLR Infrastructure LP's total assets?

XPLR Infrastructure LP (XIFR) had $19.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are XPLR Infrastructure LP's capital expenditures?

XPLR Infrastructure LP (XIFR) invested $958.0M in capital expenditures during fiscal year 2025, 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 2025.

What is XPLR Infrastructure LP's current ratio?

XPLR Infrastructure LP (XIFR) had a current ratio of 0.91 as of fiscal year 2025, 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 0.50 as of fiscal year 2025, 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 2025, measuring how efficiently the company uses its assets to generate profit.

What is XPLR Infrastructure LP's P/E ratio?

XPLR Infrastructure LP (XIFR) trades at 10.9x earnings, its market capitalization divided by net income of $103.0M net income, trailing 12 months to March 31, 2026. The market capitalization is $1.1B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is XPLR Infrastructure LP's price-to-sales ratio?

XPLR Infrastructure LP (XIFR) trades at 1.0x sales, its market capitalization divided by revenue of $1.2B revenue, trailing 12 months to March 31, 2026. The market capitalization is $1.1B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

XPLR Infrastructure LP (XIFR) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $28.0M while generating $739.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 34 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.