XPLR Infrastructure shares tank on distribution suspension
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XPLR Infrastructure announced the suspension of its distribution to unitholders indefinitely, causing a 30% drop in shares. The company aims to reinvest cash flow into renewable energy projects instead of issuing equity. XPLR plans to buy out three of its five convertible equity portfolio financings using cash on hand. Analysts from J.P. Morgan noted that the suspension may lead to a shakeout of the investor base. The company intends to invest approximately $945 million in 2025, $150 million in 2026, and $465 million in 2027 for the buyout without issuing new equity.
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