XPLR Infrastructure Reports Strong 2025 Cash Flows

XPLR Infrastructure LP reported Q4 2025 results on Feb. 10, posting adjusted EBITDA of $1.88 billion and free cash flow before growth of $746 million. Management guided 2026 adjusted EBITDA of $1.75–$1.95 billion and free cash flow before growth of $600–$700 million, noting funding via retained cash flows, about $1.6 billion in project financing and selective corporate debt. Barclays and Mizuho raised price targets to $12 on Feb. 12.