Andrew Weisel

Carly Davenport

Durgesh Chopra

Julien Dumoulin-Smith

Shahriar Pourreza

David Arcaro

Jeremy Tonet

Joanne Dumelansmith

Michael Sullivan

Nicholas Campanella

Shar Pourreza

William Grippin

- XPLR Infrastructure reported **Q3 2025 Adjusted EBITDA of $455 million**, roughly flat compared to Q3 2024, and **Free Cash Flow Before Growth (FCFBG) of $179 million**, a 5% decrease from the prior year comparable quarter.  **[0001603145_2232892:7]** 
- The company **reaffirmed its financial expectations** for Calendar Year 2025 and 2026, projecting **Adjusted EBITDA of $1,850 – $2,050 million for 2025** and **$1,750 – $1,950 million for 2026**, with FCFBG expected to be **$600 – $700 million for 2026**.  **[0001603145_2232892:7]** 
- Significant progress was made on the repowering program, with **~960 MW completed** to date towards the ~1.6 GW announced program, including the successful completion of the Palo Duro and Mammoth Plains projects in **June 2025**.  **[0001603145_2232892:3]** **[0001603145_2232892:6]** 
- Capital structure simplification efforts included the **buyout of CEPF 1 in April 2025** and addressing CEPF 2, alongside raising **~$1.75 billion in HoldCo financing** and securing over **$1 billion in project financing**.  **[0001603145_2232892:6]**

XPLR Infrastructure Reports Q3 2025 Results and Reaffirms Guidance

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