Filing Flows › Xplr Infrastructure, LP (XIFR) › Q4 2025
Xplr Infrastructure, LP (XIFR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Xplr Infrastructure, LP (XIFR) reported revenue of $249M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -21% from the quarter before. Operating margin was -19.7%, net loss $81.0M (32.5% of revenue).
Xplr Infrastructure, LP, Q4 2025: revenue $249M (-15% year over year), operating margin -19.7%, net loss $81.0M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $249M | -21% | -15% |
| Operating profit | −$49.0M | -1080% | — |
| Net earnings | −$81.0M | — | — |
| Operating cash flow | $186M | -19% | -34% |
What changed
Revenue was $249.0M in Q4 2025, down 15% year over year and down 21% from the previous quarter.
Operating costs exceeded revenue by $49.0M, an operating margin of -19.7%. Total costs fell 65% while revenue fell 15%. The quarter ended with a net loss of $81.0M, wider than the previous quarter's $64.0M loss. Minority interests bore $109.0M of it: to shareholders the quarter was a profit of $28.0M. Net interest and other expense of $74.0M was the main reason.
Operating cash flow was $186.0M (down 34% year over year). Working capital and other items added $267.0M. Capital expenditures of $274.0M exceeded it, leaving free cash flow of −$88.0M.
Questions
What was Xplr Infrastructure, LP's revenue in the fourth quarter 2025?
Xplr Infrastructure, LP (XIFR) reported revenue of $249M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -21% from the quarter before.
Was Xplr Infrastructure, LP profitable in the fourth quarter 2025?
Operating loss was $49.0M (-19.7% of revenue) and net loss $81.0M.