XPLR Infrastructure Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,188	1,230	1,078	969	722
Revenue Growth (YoY)	-3.42%	14.10%	11.25%	34.21%	-21.27%
Operations & Maintenance	498	504	517	525	359
Selling, General & Admin	-	-	-	2	3
Depreciation & Amortization	564	550	521	394	251
Other Operating Expenses	68	73	65	40	28
Total Operating Expenses	1,130	1,127	1,103	961	641
Operating Income	58	103	-25	8	81
Interest Expense	-437	-145	-345	-	-
Interest Income	-	36	-	-	-
Net Interest Expense	-437	-109	-345	-	-
Income (Loss) on Equity Investments	124	103	85	233	185
Other Non-Operating Income (Expenses)	22	11	9	853	54
EBT Excluding Unusual Items	-233	108	-276	1,094	320
Total Merger & Restructuring Charges	-	-	-3	-	-12
Impairment of Goodwill	-253	-575	-	-	-
Gain (Loss) on Sale of Assets	9	13	-	36	-5
Pretax Income	-477	-454	-279	1,130	303
Income Tax Expense	-78	-42	-25	161	37
Earnings From Continuing Ops.	-399	-412	-254	969	266
Earnings From Discontinued Ops.	-37	1	472	152	158
Net Income to Company	-436	-411	218	1,121	424
Minority Interest in Earnings	408	388	-18	-644	-287
Net Income	-28	-23	200	477	137
Net Income to Common	-28	-23	200	477	137
Net Income Growth	-	-	-58.07%	248.17%	-
Shares Outstanding (Basic)	94	94	92	85	77
Shares Outstanding (Diluted)	94	94	92	85	77
Shares Change (YoY)	0.43%	2.07%	7.89%	9.69%	13.16%
EPS (Basic)	-0.30	-0.25	2.18	5.62	1.77
EPS (Diluted)	-0.30	-0.25	2.18	5.62	1.77
EPS Growth	-	-	-61.20%	216.60%	-
Free Cash Flow	-219	559	-538	-575	564
Free Cash Flow Per Share	-2.33	5.98	-5.87	-6.77	7.29
Dividend Per Share	-	2.715	3.444	3.095	2.692
Dividend Growth	-	-21.17%	11.28%	14.95%	14.94%
Profit Margin	-2.36%	-1.87%	18.55%	49.23%	18.98%
Free Cash Flow Margin	-18.43%	45.45%	-49.91%	-59.34%	78.12%
EBITDA	705	735	578	545	449
EBITDA Margin	59.34%	59.76%	53.62%	56.24%	62.19%
D&A For EBITDA	647	632	603	537	368
EBIT	58	103	-25	8	81
EBIT Margin	4.88%	8.37%	-2.32%	0.83%	11.22%
Effective Tax Rate	-	-	-	14.25%	12.21%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.