Anchorage Capital Advisors and related entities report a significant holding in XPLR Infrastructure, LP. As of June 30, 2026, Anchorage Capital Advisors, L.P., Anchorage Advisor Holdings Management, L.P., Anchorage Advisor Holdings GP, L.L.C., individuals Yale Jacob Baron and Thibault Mathieu Gournay, and Anchorage Opportunities Advisor, L.L.C. collectively may be deemed the beneficial owners of 8,142,853 Common Units.
This position represents approximately 8.6% of XPLR Infrastructure’s outstanding Common Units, based on 94,272,795 units outstanding as of June 30, 2026. The stake includes 7,753,653 Common Units plus 389,200 Common Units that may be acquired within 60 days through stock option exercises. Voting and dispositive power over all 8,142,853 units is reported as shared among the reporting persons, with no sole voting or dispositive power. Certain funds managed by Anchorage Opportunities Advisor have the right to receive dividends and sale proceeds from these units.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership units:8,142,853 Common UnitsOwnership percentage:8.6%Outstanding units baseline:94,272,795 Common Units+4 more
7 metrics
Beneficial ownership units8,142,853 Common UnitsCommon Units that may be deemed beneficially owned by the reporting persons as of June 30, 2026
Ownership percentage8.6%Approximate percentage of XPLR Infrastructure Common Units outstanding as of June 30, 2026
Outstanding units baseline94,272,795 Common UnitsCommon Units outstanding as of June 30, 2026, from issuer’s Form 10-Q
Units currently held7,753,653 Common UnitsPart of total beneficial ownership position excluding options
Units issuable via options389,200 Common UnitsUnits the reporting persons have the right to acquire within 60 days upon exercise of stock options
Shared voting power8,142,853 Common UnitsNumber of units over which each reporting person has shared voting power
Shared dispositive power8,142,853 Common UnitsNumber of units over which each reporting person has shared dispositive power
"each of the Reporting Persons may be deemed the beneficial owner of 8,142,853 Common Units"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 8,142,853.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 8,142,853.00"
relying advisorfinancial
"Opportunities Advisor is a relying advisor of Capital Advisors"
percent of classfinancial
"Percent of class: As of June 30, 2026, each of the Reporting Persons may be deemed the beneficial owner of approximately 8.6%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
Schedule 13Gregulatory
"If a parent holding company has filed this schedule, pursuant to (ii)(G), so indicate under Item 3(g)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
How much of XPLR Infrastructure, LP (XIFR) do the Anchorage entities beneficially own?
The Anchorage-related reporting persons may be deemed to beneficially own 8,142,853 Common Units of XPLR Infrastructure, LP, representing approximately 8.6% of the outstanding Common Units as of June 30, 2026.
What portion of XIFR’s outstanding Common Units is used to calculate Anchorage’s 8.6% ownership?
The reported 8.6% beneficial ownership in XPLR Infrastructure, LP (XIFR) is based on 94,272,795 Common Units outstanding as of June 30, 2026, as stated in the issuer’s Form 10-Q filed July 28, 2026.
How many XIFR units can Anchorage acquire through options within 60 days?
The reporting persons’ position includes 389,200 Common Units that they have the right to acquire within 60 days upon exercise of stock options, in addition to 7,753,653 already outstanding Common Units.
Do the Anchorage entities have sole or shared voting power over their XIFR units?
All reporting persons list 0 units with sole voting power and 8,142,853 units with shared voting power in XPLR Infrastructure, LP. They likewise report shared dispositive power over the same 8,142,853 units.
Which Anchorage-managed funds benefit economically from the XIFR Common Units?
The Common Units may be deemed beneficially owned by the reporting persons, but certain funds managed by Anchorage Opportunities Advisor, L.L.C. are known to have rights to receive dividends and sale proceeds from these XPLR Infrastructure units.
Who are the reporting persons in the XIFR Schedule 13G/A filing?
The filing lists six reporting persons: Anchorage Capital Advisors, L.P., Anchorage Advisor Holdings Management, L.P., Anchorage Advisor Holdings GP, L.L.C., Yale Jacob Baron, Thibault Mathieu Gournay, and Anchorage Opportunities Advisor, L.L.C.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
XPLR Infrastructure, LP
(Name of Issuer)
Common Units
(Title of Class of Securities)
65341B106
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
65341B106
1
Names of Reporting Persons
Anchorage Capital Advisors, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,142,853.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,142,853.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,142,853.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
65341B106
1
Names of Reporting Persons
Anchorage Advisor Holdings Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,142,853.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,142,853.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,142,853.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
HC, PN
SCHEDULE 13G
CUSIP Number(s):
65341B106
1
Names of Reporting Persons
Anchorage Advisor Holdings GP, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,142,853.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,142,853.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,142,853.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
65341B106
1
Names of Reporting Persons
Yale Jacob Baron
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,142,853.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,142,853.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,142,853.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
CUSIP Number(s):
65341B106
1
Names of Reporting Persons
Thibault Mathieu Gournay
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
FRANCE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,142,853.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,142,853.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,142,853.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
CUSIP Number(s):
65341B106
1
Names of Reporting Persons
Anchorage Opportunities Advisor, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,142,853.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,142,853.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,142,853.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
XPLR Infrastructure, LP
(b)
Address of issuer's principal executive offices:
700 Universe Boulevard, Juno Beach, Florida 33408
Item 2.
(a)
Name of person filing:
This Schedule 13G is filed on behalf of each of the following persons (collectively, the "Reporting Persons"):
(i) Anchorage Capital Advisors, L.P. ("Capital Advisors");
(ii) Anchorage Advisor Holdings Management, L.P. ("Holdings Management");
(iii) Anchorage Advisor Holdings GP, L.L.C. ("Holdings GP");
(iv) Yale Jacob Baron ("Mr. Baron");
(v) Thibault Mathieu Gournay ("Mr. Gournay"); and
(vi) Anchorage Opportunities Advisor, L.L.C. ("Opportunities Advisor").
This Schedule 13G relates to Common Units held for the accounts of funds managed by Opportunities Advisor. Opportunities Advisor is a relying advisor of Capital Advisors, which is the sole member of Opportunities Advisor. Holdings Management is the majority owner of Capital Advisors. Holdings GP is the sole general partner of each of Capital Advisors and Holdings Management. Mr. Baron and Mr. Gournay are co-managing members of Holdings GP.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 610 Broadway, 6th Floor, New York, NY 10012.
(c)
Citizenship:
(i) Capital Advisors is a Delaware limited partnership;
(ii) Holdings Management is a Delaware limited partnership;
(iii) Holdings GP is a Delaware limited liability company;
(iv) Mr. Baron is a citizen of the United States;
(v) Mr. Gournay is a citizen of France; and
(vi) Opportunities Advisor is a Delaware limited liability company.
(d)
Title of class of securities:
Common Units
(e)
CUSIP No.:
65341B106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of June 30, 2026, each of the Reporting Persons may be deemed the beneficial owner of 8,142,853 Common Units. This amount consists of (i) 7,753,653 Common Units and (ii) 389,200 Common Units the Reporting Persons have the right to acquire within 60 days upon the exercise of stock options.
(b)
Percent of class:
As of June 30, 2026, each of the Reporting Persons may be deemed the beneficial owner of approximately 8.6% of the Common Units outstanding. This percentage is based on 94,272,795 Common Units outstanding as of June 30, 2026, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on July 28, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(i) Capital Advisors: 0
(ii) Holdings Management: 0
(iii) Holdings GP: 0
(iv) Mr. Baron: 0
(v) Mr. Gournay: 0
(vi) Opportunities Advisor: 0
(ii) Shared power to vote or to direct the vote:
(i) Capital Advisors: 8,142,853
(ii) Holdings Management: 8,142,853
(iii) Holdings GP: 8,142,853
(iv) Mr. Baron: 8,142,853
(v) Mr. Gournay: 8,142,853
(vi) Opportunities Advisor: 8,142,853
(iii) Sole power to dispose or to direct the disposition of:
(i) Capital Advisors: 0
(ii) Holdings Management: 0
(iii) Holdings GP: 0
(iv) Mr. Baron: 0
(v) Mr. Gournay: 0
(vi) Opportunities Advisor: 0
(iv) Shared power to dispose or to direct the disposition of:
(i) Capital Advisors: 8,142,853
(ii) Holdings Management: 8,142,853
(iii) Holdings GP: 8,142,853
(iv) Mr. Baron: 8,142,853
(v) Mr. Gournay: 8,142,853
(vi) Opportunities Advisor: 8,142,853
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Certain funds managed by Opportunities Advisor are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Units covered by this Schedule 13G that may be deemed to be beneficially owned by the Reporting Persons.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See disclosure in Item 2 hereof.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Anchorage Capital Advisors, L.P.
Signature:
/s/ Robert Dunleavy
Name/Title:
Robert Dunleavy, Chief Operating Officer
Date:
08/14/2026
Anchorage Advisor Holdings Management, L.P.
Signature:
/s/ Robert Dunleavy
Name/Title:
Robert Dunleavy, Chief Operating Officer of Anchorage Advisor Holdings GP, L.L.C., its general partner
Date:
08/14/2026
Anchorage Advisor Holdings GP, L.L.C.
Signature:
/s/ Robert Dunleavy
Name/Title:
Robert Dunleavy, Chief Operating Officer
Date:
08/14/2026
Yale Jacob Baron
Signature:
/s/ Yale Jacob Baron
Name/Title:
Yale Jacob Baron
Date:
08/14/2026
Thibault Mathieu Gournay
Signature:
/s/ Thibault Mathieu Gournay
Name/Title:
Thibault Mathieu Gournay
Date:
08/14/2026
Anchorage Opportunities Advisor, L.L.C.
Signature:
/s/ Robert Dunleavy
Name/Title:
Robert Dunleavy, Chief Operating Officer of Anchorage Capital Advisors, L.P., its sole member