v3.26.1
Debt
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt issuances and borrowings by subsidiaries of XPLR during the six months ended June 30, 2026 were as follows:
Date Issued/Borrowed
Debt Issuances/BorrowingsInterest
Rate
Principal
Amount
Maturity
Date
(millions)
March 2026 – April 2026Senior secured limited-recourse debt
Variable(a)
$523 
(b)
2030
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(a)Variable rate is based on an underlying index plus a margin. Interest rate contracts, primarily swaps, have been entered into for the debt borrowings.
(b)As of July 28, 2026, approximately $27 million was available under one term loan facility, subject to specified conditions.

In June 2026, XPLR repaid the $500 million principal amount of its 2022 convertible notes at maturity.
XPLR OpCo and its subsidiaries' secured long-term debt agreements are secured by liens on certain assets and contain provisions which, under certain conditions, could restrict the payment of distributions or related party fee payments. At June 30, 2026, XPLR and its subsidiaries were in compliance with all financial debt covenants under their respective financing agreements