Company Valuation: XPLR Infrastructure, LP

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,079 6,065 2,841 1,665 939.7 1,132 - -
Change - -14.32% -53.15% -41.4% -43.56% 20.49% - -
Enterprise Value (EV) 1 12,259 11,118 8,856 6,696 6,182 6,659 7,084 7,170
Change - -9.3% -20.34% -24.39% -7.68% 7.72% 6.39% 1.22%
P/E 47.7x 12.5x 13.9x -162x -33.3x 22.4x 9.12x -11.9x
PBR 2.38x 1.82x 0.78x 0.52x 0.29x 0.36x 0.36x 0.39x
PEG - 0x -0.2x 2x -0x -0x 0x 0x
Capitalization / Revenue 7.21x 5.01x 2.64x 1.35x 0.79x 0.86x 0.81x 0.8x
EV / Revenue 12.5x 9.18x 8.22x 5.44x 5.2x 5.05x 5.1x 5.09x
EV / EBITDA 9.01x 6.74x 4.72x 3.42x 3.29x 3.61x 3.93x 4.26x
EV / EBIT 52.4x 56.4x 102x -15.8x -33.2x 28.6x 21.7x 19.1x
EV / FCF 21.7x -19.3x -16.5x 12x -28.2x 10.2x 11.1x -
FCF Yield 4.6% -5.17% -6.07% 8.35% -3.54% 9.78% 9.03% -
Dividend per Share 2 2.83 3.095 3.444 - - - - -
Rate of return 3.35% 4.42% 11.3% - - - - -
EPS 2 1.77 5.62 2.18 -0.11 -0.3 0.535 1.316 -1.01
Distribution rate 160% 55.1% 158% - - - - -
Net sales 1 982 1,211 1,078 1,230 1,188 1,319 1,390 1,408
EBITDA 1 1,360 1,650 1,875 1,959 1,878 1,844 1,801 1,684
EBIT 1 234 197 87 -423 -186 232.6 326.9 375.4
Net income 1 137 477 200 -10 -28 64.45 -62.3 -187
Net Debt 1 5,180 5,053 6,015 5,031 5,242 5,527 5,952 6,038
Reference price 2 84.40 70.09 30.41 17.80 10.00 12.01 12.01 12.01
Nbr of stocks (in thousands) 83,873 86,535 93,433 93,534 93,966 94,273 - -
Announcement Date 1/25/22 1/25/23 1/25/24 1/28/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.24x5.04x3.6x-.--% 1.12B
29.99x5.04x36.89x0.22% 246B
20.64x9.02x15.41x2.97% 173B
19.43x4.01x11.06x3.69% 148B
12.41x1.83x6.5x5.71% 104B
19.76x5.81x12.73x3.44% 102B
22.83x3.49x14.18x0.59% 103B
17.87x5.55x11.17x3.61% 94B
19.2x5.11x12.35x3.11% 67.27B
18.42x6.22x13.06x4.04% 58.09B
Average 20.28x 5.11x 13.70x 2.74% 109.51B
Weighted average by Cap. 21.48x 5.26x 17.74x 2.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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