XPLR Infrastructure (XIFR) AI Stock Analysis

• Market Cap: $1.88B
• Dividend Yield: 36.87%
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -3.35%
• EPS Growth: -104.51%
• Country: US
• Employees: N/A
• Sector: Utilities
• Sector Strength: 80
• Industry: Independent Power Producers
• EPS (TTM): -1.05
• Shares Outstanding: 94,001,015
• 10 Day Avg. Volume: 1,074,347
• 30 Day Avg. Volume: 1,027,733
• PEG Ratio: <0.01
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.42
• Enterprise Value/Market Cap: 3.06
• Enterprise Value/Revenue: 1.40
• Enterprise Value/Gross Profit: 7.95
• Enterprise Value/Ebitda: 2.38
• 1Y Price Target: $11.17
• Price Target Upside: 16.35% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 7

• Rating: 46 Neutral
• Price Target: ―

XPLR Infrastructure's overall score reflects significant financial risks stemming from negative earnings, high leverage, and a strategic repositioning that involves substantial debt financing and indefinite suspension of distributions. While the company exhibits strong cash flow generation and a strategic shift to self-fund growth, these are overshadowed by market concerns about financial stability and future profitability, as evidenced by a negative P/E ratio. Technical indicators suggest the stock is under pressure, although potential for a rebound exists. The earnings call presented a mixed outlook with strategic realignment, yet the risks associated with debt and declining EBITDA cannot be ignored.

Positive Factors

M&A Potential

M&A appetite for renewable portfolios remains strong despite IRA uncertainty, such that we see upside potential once CEPFs are addressed.

Market Overreaction

The market overcorrected and stress that there's still more value in the portfolio than what's currently priced in.

Recontracting and Asset Value

Recontracting prices in later years on wind and solar are increased based on current market pricing.

Negative Factors

Cash Flow Concerns

Investors have been cautious on cash flow sustainability due to a decline in guidance and the raising of more expensive debt.

Dividend and Distribution Issues

Without a dividend yield to support the stock, forced selling further contributed to the stock's ~25% decline.

Strategic Uncertainty

Significant uncertainty around XPLR's longer-term strategy, growth potential, and functionality raises concerns.

XPLR Infrastructure Business Overview & Revenue Model

Company Description

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

How the Company Makes Money

XPLR Infrastructure makes money primarily through contracts for large-scale infrastructure projects. These projects are often funded by government entities, private sector partnerships, or a combination of both. Revenue streams include project design and consultancy fees, construction and engineering services, and long-term management contracts for infrastructure maintenance. Significant partnerships with government agencies and private sector companies enable XIFR to secure high-value contracts, while its focus on sustainability and innovation attracts clients seeking modern and efficient infrastructure solutions.

XPLR Infrastructure Financial Statement Overview

Summary

XPLR Infrastructure is experiencing revenue growth, but profitability and financial stability are concerning due to negative earnings and high leverage. Cash flow performance is a bright spot, with strong operational cash flow and improved free cash flow, yet the reliance on debt and lack of equity present significant risks.

Income Statement

The company has shown a revenue increase in the latest year, but profitability is a concern with negative EBIT and declining net income. The gross profit margin remains strong, yet the net profit margin has declined significantly. Revenue growth is positive, but operational inefficiencies are evident with negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet reflects a highly leveraged position with a debt-to-equity ratio that cannot be calculated due to zero equity, indicating financial instability. Return on Equity is not meaningful due to negative or zero equity in recent years. There is a significant reliance on debt financing, which poses a risk to financial stability.

Cash Flow

The company has managed a positive turnaround in free cash flow, showing strong growth compared to the previous year. Operating cash flow remains healthy, indicating strong cash generation, though the free cash flow to net income ratio is skewed due to negative net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.23B	1.08B	969.00M	722.00M	917.00M
Gross Profit	726.00M	558.00M	442.00M	348.00M	554.00M
EBITDA	345.00M	772.00M	581.00M	474.00M	737.00M
Net Income	-23.00M	200.00M	477.00M	137.00M	-50.00M
Balance Sheet
Total Assets	20.29B	22.51B	23.05B	18.98B	12.56B
Cash, Cash Equivalents and Short-Term Investments	283.00M	274.00M	226.00M	147.00M	108.00M
Total Debt	5.31B	6.29B	5.29B	5.33B	3.39B
Total Liabilities	7.43B	8.45B	8.28B	7.82B	4.86B
Stockholders Equity	0.00	0.00	0.00	0.00	0.00
Cash Flow
Free Cash Flow	559.00M	-538.00M	-575.00M	564.00M	331.00M
Operating Cash Flow	800.00M	731.00M	776.00M	677.00M	665.00M
Investing Cash Flow	1.24B	-194.00M	-1.19B	-2.30B	-681.00M
Financing Cash Flow	-2.00B	-527.00M	551.00M	1.66B	-4.00M

XPLR Infrastructure Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XIFR, the sentiment is Neutral. The current price of 9.6 is above the 20-day moving average (MA) of 9.24, above the 50-day MA of 8.88, and below the 200-day MA of 12.44, indicating a neutral trend. The MACD of 0.25 indicates Negative momentum. The RSI at 57.89 is Neutral, neither overbought nor oversold. The STOCH value of 80.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for XIFR.

XPLR Infrastructure Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VST	76 Outperform	$66.47B	30.72	46.29%	0.43%	49.22%	313.49%
KEN	75 Outperform	$2.51B	4.22	1.56%	9.95%	5.77%	―
NRG	71 Outperform	$31.26B	25.18	44.91%	1.02%	2.57%	-10.19%
TLN	67 Neutral	$16.44B	38.91	29.32%	―	68.95%	-34.72%
PAM	64 Neutral	$4.21B	8.23	16.31%	―	8.89%	24.01%
Sector *	60 Neutral	C$5.17B	-24.78	-19.26%	4.51%	12.43%	-69.89%
XIFR	46 Neutral	$1.88B	―	-5.30%	36.87%	-3.35%	-104.51%

XPLR Infrastructure Corporate Events

XPLR Infrastructure Announces Leadership Changes in 2025

XPLR Infrastructure announced significant leadership changes effective May 22, 2025. Rebecca Kujawa will retire from the Board of Directors, and James M. May will resign as Controller to join NextEra Energy, Inc. William J. Gough will succeed Mr. May as Controller, bringing extensive experience from his roles at NextEra Energy and National Grid US. Additionally, Michael H. Dunne will join the Board, succeeding Ms. Kujawa, with a background in finance and investment banking.