| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 32 | 17.3x | 17.8x | Bottom tier | |
Growth | 76 | -2.8% | 7.1% | Top tier | |
Quality | 13 | 0.6% | 4.5% | Bottom tier | |
Safety | 49 | 9.7x | 2.6x | Around median | |
Capital Return | 96 | — | 2.12% | Top tier | |
Momentum | 70 | 12.7% | 2.9% | Top tier | |
Sentiment | 50 | 2 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
XPLR Infrastructure, LP operates as a contracted infrastructure platform with a portfolio totaling approximately 10 gigawatts of capacity, including wind and solar generation assets. The company generates its cash flows from electricity sales under long-term agreements with high-credit-quality counterparties, while its strategy focuses on simplifying its capital structure, repowering existing assets, and recontracting as legacy agreements expire.
In Q1 of fiscal 2026, XPLR reported revenue of $275 million and net income of $33 million, equivalent to earnings per share of $0.35. Adjusted earnings before interest, taxes, depreciation, and amortization were $435 million, while cash available for distribution reached $89 million; results were affected by wind resource declining to 99% of its long-term average, versus 103% in the comparable period, and by asset sales completed during 2025.
On a trailing-twelve-month basis in 2026, revenue was $1.2 billion, net income was $103 million, and earnings per share were approximately $1.09, an improvement from a net loss of $28 million and negative earnings per share of $0.30 in fiscal 2025. The portfolio reflects a mix of operating wind and solar assets, with a planned addition of approximately 200 net megawatts of battery storage by the end of 2027 through expected 49% interests in four projects.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on XIFR is “Neutral,” with an average price target of $12.25 and a narrow range of $12 to $13. The average target is approximately 7.5% below the upper end of the 52-week range of $13.25, but clearly above the lower end of $8.675, reflecting a midpoint valuation that does not assume a full return to the top of the range. No published price-to-earnings ratio is available, despite net income shifting from a loss of $28 million in fiscal 2025 to $103 million over the trailing twelve months in 2026, so the sustainability of earnings and cash flow after interest costs remains the most important valuation consideration.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
XPLR relies on a contracted infrastructure portfolio totaling approximately 10 gigawatts and comprising wind and solar assets supported by long-term agreements. In Q1 of fiscal 2026, the company generated $275 million of revenue and $435 million of adjusted earnings before interest, taxes, depreciation, and amortization. Cash available for distribution was $89 million, with repowered assets helping offset part of the impact of lower wind resource.
During the May 8, 2026 call, management maintained its guidance for adjusted earnings before interest, taxes, depreciation, and amortization of between $1.75 billion and $1.95 billion. It also projected cash available for distribution of between $600 million and $700 million, assuming normal weather and operating conditions. Management explained that the Q1 fiscal 2026 result of $89 million is expected to represent approximately 12% to 15% of the full-year total because of the timing of interest payments and the seasonality of wind and solar generation.
XPLR recontracted approximately 90 megawatts at an existing wind site at a price roughly $25 per megawatt-hour above the price realized during the previous year. Management confirmed on May 8, 2026 that the agreement is a 15-year busbar contract and that the increase was in line with or slightly better than its expectations for that market. The company is pursuing other opportunities across several markets, but approximately 70% of the total recontracting opportunity identified by management falls after 2030.
XPLR decided to own an expected 49% interest in each of four battery storage projects in partnership with NextEra Energy Resources. These projects are expected to add approximately 200 net megawatts to the portfolio by the end of 2027, with construction beginning no earlier than late 2026 or during 2027. The net equity contribution is estimated at approximately $80 million after asset-level financing, and the company plans to cover it through sales of assets and interconnection rights to NextEra Energy Resources and the joint ventures.
Cash available for distribution was $89 million in Q1 of fiscal 2026 and included approximately $74 million of additional corporate interest expense associated with $1.75 billion of unsecured notes issued in March 2025. The company also incurred an annual increase of approximately $12 million in project financing interest expense, and results were affected by asset sales completed during 2025. In addition, the first quarter typically makes a lighter contribution because of the timing of interest payments and the seasonality of wind and solar generation.
Wind resource declined to 99% of the long-term average in Q1 of fiscal 2026 from 103% in the comparable period, illustrating the sensitivity of results to weather fluctuations. The 2025 financing activities increased interest expense, while asset sales reduced the contribution of former projects to earnings and cash flows. XPLR may also be required to fund its share of any cost overruns on the battery projects, and funding its expected $80 million contribution depends on completing additional sales of assets and interconnection rights.
