XPLR Infrastructure (XIFR) Company Report

On December 19, 2025, Glenn Portfolio Holdings, LLC, an indirect subsidiary of XPLR Infrastructure, LP, entered into an approximately $550 million limited-recourse senior secured variable rate term loan facility maturing in December 2030.
This loan is secured by assets, including renewable energy projects with a combined net generating capacity of approximately 544 MW, and Glenn Holdings plans to use interest rate swaps to hedge against interest rate movements.
Additionally, on December 18, 2025, other indirect subsidiaries of XPLR borrowed a total of approximately $169 million under two limited-recourse senior secured variable rate term loan facilities, with approximately $105 million still available as of December 19, 2025.
These project-level financings are consistent with XPLR's expected 2025-2026 financing plan.

Dec 19, 2025, 9:21 PM

8-K

XPLR Infrastructure Subsidiary Issues Senior Unsecured Notes

XIFR

Debt Issuance

XPLR Infrastructure Operating Partners, LP (XPLR OpCo), a direct subsidiary of XPLR Infrastructure, LP, issued $750 million in aggregate principal amount of 7.750% senior unsecured notes on November 21, 2025.
The notes will mature on April 15, 2034, with interest payable semi-annually in arrears beginning April 15, 2026.
These notes are unsecured obligations of XPLR OpCo and are absolutely and unconditionally guaranteed on a senior unsecured basis by XPLR Infrastructure, LP and XPLR Infrastructure US Partners Holdings, LLC.

Nov 21, 2025, 9:16 PM

8-K

XPLR Infrastructure Announces Cash Tender Offer Results

XIFR

Debt Issuance

XPLR Infrastructure's direct subsidiary, XPLR Infrastructure Operating Partners, LP, announced that $466,994,000 in aggregate principal amount, representing approximately 93.40% of its outstanding 3.875% senior notes due 2026, were validly tendered by the November 18, 2025, expiration time of its cash tender offer.
Holders whose notes are accepted for purchase will receive a tender consideration of $997.10 per $1,000 principal amount, plus accrued and unpaid interest.
The settlement for these notes is expected on November 21, 2025, contingent upon the consummation of a concurrent bond offering of at least $750 million aggregate principal amount of senior notes.

Nov 19, 2025, 12:30 PM

Press Release

XPLR Infrastructure, LP prices $750 million senior unsecured notes

XIFR

Debt Issuance

New Projects/Investments

XPLR Infrastructure, LP (NYSE: XIFR) announced on November 12, 2025, the pricing of a private offering of $750 million in aggregate principal amount of 7.750% senior unsecured notes due 2034 by its direct subsidiary, XPLR Infrastructure Operating Partners, LP.
The offering is expected to close on November 21, 2025, with the notes paying interest semi-annually at an annual rate of 7.750% and maturing on April 15, 2034.
The estimated net proceeds of approximately $740 million will be used to pay cash consideration for the tender offer of outstanding 3.875% senior notes due October 2026, repay other outstanding debt, and for general business purposes, including investments in clean energy projects.
The notes will be fully and unconditionally guaranteed on a senior unsecured basis by XPLR Infrastructure, LP and XPLR Infrastructure US Partners Holdings, LLC.

Nov 12, 2025, 9:17 PM

8-K

XPLR Infrastructure Prices Senior Unsecured Notes Offering

XIFR

Debt Issuance

New Projects/Investments

XPLR Infrastructure, LP's direct subsidiary, XPLR Infrastructure Operating Partners, LP ("XPLR OpCo"), announced the pricing of a private offering of 7.750% senior unsecured notes due 2034.
The offering is expected to generate approximately $740 million in net proceeds.
The proceeds will primarily be used to fund a tender offer for XPLR OpCo's outstanding 3.875% senior notes due October 2026 and to repay other outstanding debt.
The offering is expected to close on November 21, 2025.

Nov 12, 2025, 9:15 PM

Press Release

XPLR Infrastructure Announces Debt Offering, Tender Offer, and Pro Forma Financials

XIFR

Debt Issuance

M&A

New Projects/Investments

XPLR Infrastructure Operating Partners, LP (XPLR OpCo) announced a private offering of $750 million in aggregate principal amount of senior unsecured notes due 2034. The proceeds are intended to fund a tender offer for its outstanding 3.875% senior notes due 2026 and for general business purposes, including investments in clean energy projects.
XPLR OpCo commenced a cash tender offer for its 3.875% senior notes due 2026, offering $997.10 per $1,000.00 principal amount. This offer expires on November 18, 2025, and is contingent on the successful consummation of the concurrent $750 million bond offering.
For the trailing twelve months (TTM) ended September 30, 2025, XPLR reported a Net Loss of $(776) million, Adjusted EBITDA of $1,965 million, and Free cash flow before growth of $786 million. After adjusting for the September 22, 2025, sale of its Meade pipeline investment, these figures are a Net Loss of $(727) million, Adjusted EBITDA of $1,860 million, and Free cash flow before growth of $712 million.
XPLR plans to restart earnings calls in 2026, starting with the fourth quarter of 2025 financial results in February 2026.

Nov 12, 2025, 12:32 PM

8-K

XPLR Infrastructure Announces $750 Million Senior Unsecured Notes Offering

XIFR

Debt Issuance

New Projects/Investments

XPLR Infrastructure, LP announced a private offering of $750 million in aggregate principal amount of senior unsecured notes due 2034.
The notes are being offered by XPLR Infrastructure Operating Partners, LP ("XPLR OpCo"), a direct subsidiary, and will be fully and unconditionally guaranteed by XPLR Infrastructure, LP and XPLR Infrastructure US Partners Holdings, LLC.
XPLR OpCo expects to use the net proceeds to fund a tender offer for its outstanding 3.875% senior notes due October 2026, repay other outstanding debt, and for general business purposes, including investments in clean energy projects.

Nov 12, 2025, 12:30 PM

Press Release

XPLR Infrastructure Subsidiary Launches Cash Tender Offer for Senior Notes

XIFR

Debt Issuance

XPLR Infrastructure Operating Partners, LP (XPLR OpCo), a direct subsidiary of XPLR Infrastructure, LP (NYSE: XIFR), has commenced a cash tender offer for any and all of its outstanding 3.875% senior notes due 2026.
Holders who validly tender their notes and have them accepted for purchase will receive $997.10 per $1,000.00 principal amount.
The offer is scheduled to expire at 5:00 p.m., New York City time, on November 18, 2025.
The tender offer is contingent upon XPLR OpCo's consummation of a concurrent bond offering of at least $750 million aggregate principal amount of senior notes.

Nov 12, 2025, 12:30 PM

Press Release

XPLR Infrastructure Reports Q3 2025 Results and Reaffirms 2025-2026 Expectations

XIFR

Earnings

Guidance Update

M&A

XPLR Infrastructure, LP reported a net loss attributable to XPLR Infrastructure of $37 million and adjusted EBITDA of $455 million for the third quarter of 2025.
The company's Free Cash Flow Before Growth (FCFBG) for Q3 2025 was $179 million, a 5% decrease compared to the prior-year period, primarily due to higher HoldCo interest expense.
Key achievements include the sale of the Meade pipeline investment in September 2025, the completion of approximately 960 megawatts of repowering projects, and a $250 million reduction in planned 2025-2026 HoldCo debt issuance.
XPLR Infrastructure reaffirmed its 2025 adjusted EBITDA expectation of $1.85 billion to $2.05 billion and its 2026 adjusted EBITDA expectation of $1.75 billion to $1.95 billion, with 2026 FCFBG expected between $600 million and $700 million.

Nov 4, 2025, 9:24 PM

8-K

XPLR Infrastructure, LP Completes Sale of Meade Pipeline Investment

XIFR

M&A

XPLR Infrastructure, LP (XIFR) completed the sale of its interests in Meade Pipeline Co, LLC, which owned natural gas pipeline assets in Pennsylvania, on September 22, 2025.
The company received approximately $1.1 billion in total cash consideration from the sale.
The proceeds from the sale were used to pay off approximately $822 million of project-related debt and $208 million for the buyout of remaining membership interests in XPLR Pipelines.
Unaudited pro forma consolidated financial statements were filed to illustrate the effect of this sale, treating it as discontinued operations, with the income statements adjusted as if the sale occurred on January 1, 2022, and the balance sheet as of June 30, 2025.