XPLR Infrastructure Q1 net income $33 million vs. loss; FCFBG falls to $89 million
XPLR Infrastructure reported first-quarter 2026 net income attributable to XPLR of $33 million, compared with a loss of $98 million a year earlier, but operating measures declined. Revenue fell to $275 million from $282 million, adjusted EBITDA fell to $435 million from $471 million, and free cash flow before growth (FCFBG) fell to $89 million from $194 million, which the company attributed mainly to higher financing costs. The company reaffirmed its 2026 guidance of $1.75 billion to $1.95 billion in adjusted EBITDA and $600 million to $700 million in FCFBG.
Key points
- Net income attributable to XPLR was $33 million, versus a loss of $98 million in Q1 2025, which included a $253 million goodwill impairment charge.
- Adjusted EBITDA was $435 million, down from $471 million; FCFBG was $89 million, down from $194 million.
- Q1 FCFBG includes about $74 million of incremental corporate interest expense tied to about $1.75 billion of unsecured notes issued in March 2025.
- For calendar 2026, the company continues to expect adjusted EBITDA of $1.75 billion to $1.95 billion and FCFBG of $600 million to $700 million.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.