XPLR Infrastructure Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,233	1,230	1,078	969	722	917
Revenue Growth (YoY)	5.66%	14.10%	11.25%	34.21%	-21.27%	7.25%
Operations & Maintenance	475	502	515	525	359	360
Selling, General & Admin	2	2	2	2	3	3
Depreciation & Amortization	557	550	521	394	251	271
Other Operating Expenses	69	73	65	40	28	28
Total Operating Expenses	1,103	1,127	1,103	961	641	662
Operating Income	130	103	-25	8	81	255
Interest Expense	-324	-170	-394	-	-	-620
Interest Income	-	36	-	-	-	-
Net Interest Expense	-324	-134	-394	-	-	-620
Income (Loss) on Equity Investments	148	125	156	233	185	105
Other Non-Operating Income (Expenses)	18	11	9	853	54	5
EBT Excluding Unusual Items	-28	105	-254	1,094	320	-255
Total Merger & Restructuring Charges	-	-	-3	-	-12	-
Impairment of Goodwill	-828	-575	-	-	-	-
Gain (Loss) on Sale of Assets	9	13	-	36	-5	-2
Pretax Income	-847	-457	-257	1,130	303	-257
Income Tax Expense	-121	-46	-25	161	37	-19
Earnings From Continuing Ops.	-726	-411	-232	969	266	-238
Earnings From Discontinued Ops.	-49	-	450	152	158	-
Net Income to Company	-775	-411	218	1,121	424	-238
Minority Interest in Earnings	605	388	-18	-644	-287	188
Net Income	-170	-23	200	477	137	-50
Preferred Dividends & Other Adjustments	-	-	-	-	-	5
Net Income to Common	-170	-23	200	477	137	-55
Net Income Growth	-	-	-58.07%	248.17%	-	-
Shares Outstanding (Basic)	94	94	92	85	77	68
Shares Outstanding (Diluted)	94	94	92	85	77	68
Shares Change (YoY)	0.35%	2.07%	7.89%	9.69%	13.16%	16.33%
EPS (Basic)	-1.81	-0.25	2.18	5.62	1.77	-0.80
EPS (Diluted)	-1.82	-0.25	2.18	5.62	1.77	-0.81
EPS Growth	-	-	-61.20%	216.60%	-	-
Free Cash Flow	100	559	-538	-575	564	331
Free Cash Flow Per Share	1.07	5.98	-5.87	-6.77	7.29	4.84
Dividend Per Share	-	2.715	3.444	3.095	2.692	2.342
Dividend Growth	-	-21.17%	11.28%	14.95%	14.94%	14.97%
Profit Margin	-13.79%	-1.87%	18.55%	49.23%	18.98%	-6.00%
Free Cash Flow Margin	8.11%	45.45%	-49.91%	-59.34%	78.12%	36.10%
EBITDA	768	735	578	545	449	629
EBITDA Margin	62.29%	59.76%	53.62%	56.24%	62.19%	68.59%
D&A For EBITDA	638	632	603	537	368	374
EBIT	130	103	-25	8	81	255
EBIT Margin	10.54%	8.37%	-2.32%	0.83%	11.22%	27.81%
Effective Tax Rate	-	-	-	14.25%	12.21%	-
Revenue as Reported	-	-	-	-	-	917

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