v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss [1] $ (35) $ (292)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 284 277
Intangible amortization – PPAs 40 41
Change in value of derivative contracts (20) 140
Deferred income taxes (12) (82)
Equity in earnings of equity method investees, net of distributions received (3) 31
Equity in earnings of non-economic ownership interests, net of distributions received 0 15
Gains on disposal of businesses/assets – net (1) (12)
Goodwill impairment charge 0 253
Other – net 13 9
Changes in operating assets and liabilities:    
Current assets (91) (111)
Noncurrent assets (13) (8)
Current liabilities 65 42
Noncurrent liabilities 1 19
Net cash provided by operating activities 228 322
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures and other investments (266) (170)
Payments from related parties under CSCS agreement – net 9 111
Distributions from non-economic ownership interests 0 309
Other – net 3 15
Net cash provided by (used in) investing activities (254) 265
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common units – net 3 4
Issuances of long-term debt, including premiums and discounts 526 2,092
Retirements of long-term debt (701) (740)
Debt issuance costs (10) (35)
Partner contributions 54 5
Partner distributions (35) (351)
Payments to Class B noncontrolling interest investors (33) (38)
Buyout of Class B noncontrolling interest investors (149) (931)
Proceeds from differential membership investors 187 81
Payments to differential membership investors (133) (23)
Buyout of differential membership investors (141) (48)
Other – net (4) (1)
Net cash provided by (used in) financing activities (436) 15
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (462) 602
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – BEGINNING OF PERIOD 1,023 328
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – END OF PERIOD 561 930
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest, net of amounts capitalized 165 63
Income taxes paid (received), net 50 3
Accrued property additions $ 318 $ 497
[1] For each of the three and six months ended June 30, 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.