XML 14 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING REVENUES    
Revenues [1] $ 275 $ 282
OPERATING EXPENSES    
Operations and maintenance [2] 134 110
Depreciation and amortization 140 136
Goodwill impairment charge 0 253
Taxes other than income taxes and other – net 18 16
Total operating expenses – net 292 515
OPERATING LOSS (17) (233)
OTHER INCOME (DEDUCTIONS)    
Interest expense (102) (135)
Equity in earnings of equity method investees 12 16
Other – net 8 3
Total other deductions – net (82) (116)
LOSS BEFORE INCOME TAXES (99) (349)
INCOME TAX BENEFIT (51) (42)
LOSS FROM CONTINUING OPERATIONS (48) (307)
LOSS FROM DISCONTINUED OPERATIONS, net of tax benefit of $3 0 (21)
NET LOSS [3] (48) (328)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 81 230
NET INCOME (LOSS) ATTRIBUTABLE TO XPLR $ 33 $ (98)
Earnings (loss) per common unit attributable to XPLR, basic, continuing operations $ 0.35 $ (0.94)
Earnings (loss) per common unit attributable to XPLR, diluted, continuing operations 0.35 (0.94)
Earnings (loss) per common unit attributable to XPLR, basic, discontinued operations 0 (0.11)
Earnings (loss) per common unit attributable to XPLR, diluted, discontinued operations 0 (0.11)
Earnings (loss) per common unit attributable to XPLR – basic 0.35 (1.05)
Earnings (loss) per common unit attributable to XPLR – assuming dilution $ 0.35 $ (1.05)
[1] Includes related party revenues of approximately $16 million and $14 million for the three months ended March 31, 2026 and 2025, respectively.
[2]     Total O&M expenses presented include related party amounts of approximately $41 million and $33 million for the three months ended March 31, 2026 and 2025, respectively.
[3] For each of the three months ended March 31, 2026 and 2025, XPLR recognized less than $1 million of other comprehensive income related to an equity method investee, which was primarily attributable to a noncontrolling interest.