XPLR Reports Q3 2026 Revenue Growth and Strategic Asset Sales
XPLR reported third-quarter operating revenues of $332 million, an increase from $315 million in the prior-year period. The company achieved an adjusted EBITDA of $471 million, bolstered by a $49 million year-over-year increase from existing projects due to normalized wind resources. Net income for the quarter stood at $51 million, or $0.54 per diluted common unit. Strategically, XPLR sold 400 megawatts of surplus interconnection assets to NextEra Energy Resources between August and October 2026. The company also retired $33 million in unsecured notes, successfully clearing all corporate debt maturities for the remainder of the 2026 calendar year. However, management issued a cautious outlook due to weaker-than-expected wind and solar resources in the West Region and anticipated tax credit expirations for maturing assets in 2027.
Topics: asset sales debt retirement earnings report EBITDA guidance revenue growth