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what it is
XIFR owns wind, solar, battery, and pipeline assets that sell energy under long-term contracts.
how it gets paid
Last year Xplr Infrastructure made $1.2B in revenue. wind projects was the main engine at $0.48B, or 40% of sales.
why growth slowed
Revenue fell 3.4% last year. EDGAR shows latest-quarter revenue of $939 million, up 198% vs. prior year, with EPS down to -$0.60.
what just happened
The quarter had $939M in revenue and an estimate beat, but EDGAR still shows EPS at -$0.60.
At a glance
C+ balance sheet — struggling to keep the lights on
10/100 earnings predictability — expect surprises
10.9x trailing p/e — the market's not buying it — or you found a deal
5.0% return on capital — nothing to write home about
$2.06 fy2025 eps est
xvary composite: 22/100 — weak
What they do
XIFR owns wind, solar, battery, and pipeline assets that sell energy under long-term contracts.
Its edge is contract length, not glamour. You get paid from assets tied to long-term agreements, and that helped support about $1.2 billion of annual revenue even as sales slipped 3.4%. Contracted cash flows → locked-in customer payments → so what: the assets are harder to replace than they look.
How they make money
$1.2B
annual revenue · their business grew -3.4% last year
wind projects
$0.48B
solar projects
$0.36B
natural gas pipelines
$0.24B
battery storage
$0.12B
The products that matter
contracted wind generation
wind projects
$720M · 60% of mix shown
this is still the bigger revenue leg. At $720M, it matters more than anything else on the page. It also fell 3.4% compared to last year, so scale alone is not solving the reset.
core asset base
contracted solar generation
solar projects
$480M · 40% of mix shown
solar is the second revenue leg at $480M. It declined 3.4% too. That's the quiet part: this is not one bad corner of the portfolio. The softness is broader than that.
second revenue leg
Key numbers
$5.4B
long-term debt
Debt this large against a roughly $970 million market cap means lenders matter more than common unitholders.
15.7%
operating margin
Operating margin → profit left after running the business → so what: XIFR is still losing money on operations.
10.9x
trailing p/e
The stock looks cheap on trailing earnings, but cheap stocks with weak balance sheets often stay cheap.
$1.0B
2025 sales est.
sees fiscal 2025 revenue at $1.0 billion versus $1.2 billion trailing, which is the opposite of a growth story.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 15 / 100
- long-term debt $5.4B (85% of capital)
C+ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for XIFR right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The quarter had $939M in revenue and an estimate beat, but EDGAR still shows EPS at -$0.60.
EDGAR shows latest-quarter revenue of $939 million, up 198% vs. prior year, with EPS down to -$0.60. Yahoo consensus says the company delivered $0.50 versus a $0.25 estimate, so the beat was against expectations, not a clean profitability victory.
$939M
revenue
$0.60
eps
+198%
revenue vs. last year
the number that mattered
$939 million matters because it shows the assets can throw off real top-line dollars even while the income statement still looks messy.
source: EDGAR and company earnings report, 2026
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What could go wrong
XIFR is trying to prove a post-dividend debt story on top of contracted power assets. That works only if the cash engine keeps showing up.
high
the dividend suspension rewired the shareholder base overnight
on jan. 28, 2025, xplr suspended its dividend and the stock dropped 24% in a single day.
That means future quarters get judged on debt progress and cash retention, not on whether the yield looks attractive again.
high
$5.4B of long-term debt leaves little room for an operating miss
long-term debt is $5.4B, or 85% of capital, and management also announced a $750M private debt offering in nov. 2025.
If cash generation slips, refinancing gets more expensive and the equity absorbs the anxiety first. That's what happens when the debt stack is bigger than the story.
med
contracted revenue is steadier than merchant power, but it is not growing yet
wind and solar revenue on this page both declined 3.4% compared to last year, and net profit margin is still -2.36%.
Stable contracts help if the business is already healthy. They matter less if the income statement stays negative and both revenue lines move the wrong way at the same time.
med
2026 guidance is a prove-it range, not a victory lap
management expects $1.75B–$1.95B of adjusted EBITDA in 2026 against $1.88B delivered in 2025.
That range says stability is possible, not guaranteed. If results drift toward the low end, the reset thesis starts looking like postponement dressed up as patience.
The risk picture is blunt: a $970M equity value sits behind $5.4B of long-term debt, negative net margin, and a shareholder story that broke the day the dividend disappeared.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings report
estimated for may 14, 2026. you want to see whether the cash-preservation story still holds after the q4 beat.
metric
2026 adjusted EBITDA range
management guided to $1.75B–$1.95B. Top half of that range supports the reset. Bottom half keeps the market in prove-it mode.
risk
debt and refinancing activity
with $5.4B of long-term debt and a $750M private debt offering already announced, every financing move matters more than usual.
trend
whether revenue decline stops
wind and solar both fell 3.4% compared to last year. You need at least one line turning up before the market gives this reset real credit.
Analyst rankings
earnings predictability
10 / 100
in human-speak, analysts do not trust this business to deliver smooth, repeatable quarters yet.
risk rank
5 / 100
that puts it near the riskier end of the market. You are getting volatility with your contracted-power exposure.
source: institutional data
Institutional activity
institutional ownership data for XIFR is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$11
current price
n/a
target midpoint · n/a from current
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