XPLR Infrastructure LP reported its second-quarter 2025 financial results, highlighting a solid performance. The company announced it has signed a definitive agreement to sell its Meade pipeline investment for approximately $1.078 billion, with the closure expected by the end of the third quarter. This sale is anticipated to impact the adjusted EBITDA expectations for 2026, which are projected to range from $1.75 billion to $1.95 billion, a decline from 2025's expected range of $1.85 billion to $2.05 billion. This decrease is primarily attributed to the exclusion of contributions from the Meade pipeline investment. In addition, XPLR Infrastructure has completed approximately 740 megawatts of repowering projects as part of its ongoing 1.6-gigawatt repowering program and secured over $1 billion in project financing commitments year-to-date. The company has reaffirmed its financial outlook for 2025 and 2026, maintaining expectations for adjusted EBITDA and free cash flow before growth (FCFBG). The FCFBG for 2026 is anticipated to be between $600 million and $700 million.
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