<span item_type="fundamental" item_id="49ff2e7c895b98bcca4340e83549c6d3" counter_id="ST/US/XIFR" env="prod"></span><span item_type="announcement" item_id="513933448068668417" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 282 M, missing the estimate of USD 307.04 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -1.05.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -233 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Operating revenues for the three months ended March 31, 2025, were $282 million, an increase from $257 million in the same period in 2024. This increase was primarily due to higher revenues from favorable wind resources and solar generation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Operating loss for the three months ended March 31, 2025, was -$233 million, compared to -$21 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li><li>Net income (loss) attributable to XPLR was -$98 million for the three months ended March 31, 2025, compared to $70 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li><li>Goodwill impairment charge of $253 million was recognized in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash provided by operating activities was $90 million for the three months ended March 31, 2025, compared to $78 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li><li>Net cash provided by (used in) investing activities was -$49 million for the three months ended March 31, 2025, compared to $42 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li><li>Net cash provided by (used in) financing activities was $1,217 million for the three months ended March 31, 2025, compared to -$113 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Interest expense increased by $146 million during the three months ended March 31, 2025, primarily due to unfavorable mark-to-market activity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: XPLR is evaluating options relating to its ownership interest in Meade, including a potential sale, with a carrying value of approximately $1.13 billion as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: XPLR continues to take actions in response to tariffs and supply chain disruptions, which could increase costs in future periods if not mitigated.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li><li><strong>Priority</strong>: XPLR expects to fund repowering of existing projects, fund battery storage and other investment opportunities, and refinance debt maturities through various financing strategies, including issuing additional common units.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1603145/000160314525000026/xplr-20250331.htm"></span></li></ul>

XPLR Infrastructure LP | 10-Q: FY2025 Q1 Revenue Misses Estimate at USD 282 M