Xplr Infrastructure, Lp · NYSE:XIFR
Xplr Infrastructure, Lp — Q3 2026 Earnings Presentation
19 slides from Xplr Infrastructure, Lp's earnings presentation, November 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
ibdroot\projects\IBD-NY\xeric2025\944088_1\02. Presentation\04. NDR\XPLR_Credit NDR_DRAFT_v43.pptx Third Quarter 2026 Earnings Conference Call XPLR Infrastructure, LP
Slide 2: Cautionary Statements and Risk Factors That May Affect Future Results
ibdroot\projects\IBD-NY\xeric2025\944088_1\02. Presentation\04. NDR\XPLR_Credit NDR_DRAFT_v43.pptx 2 Cautionary Statements and Risk Factors That May Affect Future Results This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could dif
Slide 3: XPLR Infrastructure continues to make progress across key priorities
3 XPLR Infrastructure continues to make progress across key priorities Business Highlights Financial • Adjusted EBITDA of $471 MM and FCFBG of $164 MM for Q3 2026 Performance • Completed ~85% of the planned 2026 repowerings to date1,2 Repowering Progress & Interconnection Sales • Completed the sales
Slide 4: XPLR Infrastructure's portfolio delivered solid financial results in Q3 2026
4 XPLR Infrastructure’s portfolio delivered solid financial results in Q3 2026 XPLR Infrastructure – Third Quarter 2026 Results and Drivers $49 $455 $471 ($27) ($5) Adjusted EBITDA ($ MM) Q3 2025 Existing Asset Other Q3 2026 Adjusted EBITDA Projects Dispositions Adjusted EBITDA $179 $24 $164 FCFBG1
Slide 5: Greater visibility into full-year results provides increased clarity on 2026 financial expectations
5 Greater visibility into full-year results provides increased clarity on XPLR Infrastructure’s 2026 financial expectations XPLR Infrastructure’s 2026 Financial Expectations ($ MM) Current Outlook: Expect to finish in the lower half of the range $1,750–$1,950 Current Outlook: Expect to finish at or
Slide 6: XPLR Infrastructure introduces its 2027 financial expectations
6 XPLR Infrastructure introduces its 2027 financial expectations XPLR Infrastructure’s 2027 Financial Expectations and Drivers 2026 Current Outlook 2027 Expectations Key 2027 Year-over-Year Drivers1 • ~($170) MM net expected impact from tax credit changes, Adjusted In the lower half of primarily ref
Slide 7: XPLR Infrastructure
APLR INFRASTRUCTURE.
Slide 8: Q&A Session
Q&A Session
Slide 9: Appendix
Appendix
Slide 10: XPLR Infrastructure is introducing 2027 financial expectations supported by strong portfolio fundamentals
10 XPLR Infrastructure is introducing 2027 financial expectations supported by strong portfolio fundamentals XPLR Infrastructure’s 2027 Financial Expectations ($ MM) $1,560–$1,700 ($495–$525) $525–$600 ($515–$535) ($25–$40) 2027E Tax Debt Capital Maintenance 2027E 2027E Tax Debt Capital 2027E Adjust
Slide 11: XPLR Infrastructure Wind Production Index
11 XPLR Infrastructure Wind Production Index1 2025 2026 Q3 Q4 Q1 Q2 Q3 Location MW Jul Aug Sep QTR MW QTR YE MW QTR MW QTR MW Jul Aug Sep QTR YTD Midwest 1,970 86% 90% 73% 82% 1,970 100% 98% 1,970 98% 1,970 105% 1,970 88% 87% 89% 88% 98% West 2,033 103% 100% 84% 96% 2,033 89% 95% 2,033 88% 2,033 99%
Slide 12: Reconciliation of Net Income (Loss) to Adjusted EBITDA and Free Cash Flow Before Growth
12 Reconciliation of Net Income (Loss) to Adjusted EBITDA and Free Cash Flow Before Growth (FCFBG) ($ MM) Q3 2026 Q3 2025 Net Income (loss) $93 ($64) Add back: Depreciation and amortization 146 142 Interest expense 22 94 Income tax expense 6 43 Tax credits – gross 233 219 Amortization of intangible
Slide 13: XPLR Infrastructure Interest Payment Timing
13 XPLR Infrastructure Interest Payment Timing Interest Principal Outstanding Maturity Frequency of Rate1 ($ MM)2 Year Interest Payments Unsecured Note 3.88% 333 2026 Semi-Annually (Q2, Q4) Unsecured Note 4.50% 550 2027 Semi-Annually (Q1, Q3) Unsecured Note 7.25% 750 2029 Semi-Annually (Q1, Q3) Corp
Slide 14: XPLR Infrastructure Operating Assets (Wind)
14 XPLR Infrastructure Operating Assets1,2 (Wind) Wind Wind Gross Capacity Percent Net Capacity Offtaker Gross Capacity Percent Net Capacity Offtaker Projects In-Service (MW) Ownership (MW) Rating Projects In-Service (MW) Ownership (MW) Rating Alta Wind VIII 2012 150.0 100% 150.0 BBB- Kingman Wind I
Slide 15: XPLR Infrastructure Operating Assets (Solar & Storage)
15 XPLR Infrastructure Operating Assets1,2 (Solar & Storage) Solar Storage Gross Capacity Percent Net Capacity Offtaker Gross Capacity Percent Net Capacity Offtaker Projects In-Service (MW) Ownership (MW) Rating Projects In-Service (MW) Ownership (MW) Rating Marshall Solar 2017 62.3 50% 31.2 A- Cool
Slide 16: Definitional Information
16 Definitional Information XPLR Infrastructure, LP. Adjusted EBITDA and FCFBG Expectations This presentation refers to adjusted XPLR Infrastructure’s adjusted EBITDA FCFBG is defined as free cash flow XPLR Infrastructure does not provide a EBITDA and FCFBG. Adjusted EBITDA expectations represent pr
Slide 17: Cautionary Statement and Risk Factors That May Affect Future Results
17 Cautionary Statement and Risk Factors That May Affect Future Results This presentation contains “forward-looking include, but are not limited to, the following: available insurance coverage could be materially XPLR's rights or the United States of America statements within the meaning of the fede
Slide 18: Cautionary Statement and Risk Factors That May Affect Future Results (Cont.)
18 Cautionary Statement and Risk Factors That May Affect Future Results (Cont.) XPLR's ability to develop and/or acquire assets restrictions in XPLR and its subsidiaries' their obligations under credit support potential liability, and XPLR has agreed to involves risks; government laws, regulations a
Slide 19: Cautionary Statement and Risk Factors That May Affect Future Results (Cont.)
19 Cautionary Statement and Risk Factors That May Affect Future Results (Cont.) XPLR’s partnership agreement restricts the resale following conversion or settlement, may remedies available to holders of XPLR's common result in a decline in the market price for XPLR's units for actions taken by XPLR’