| Schedule of Common Units and Preferred Units Outstanding by Unit Class and Carrying Value |
The following table sets forth the number of XERC Common Units and Preferred Units outstanding by unit class and the carrying value of these units at December 31, 2025 (in thousands except units):
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December 31, 2025 |
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Unit Class |
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Units Authorized |
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Units Issued and Outstanding |
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Amount |
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Liquidation Preference |
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Common units: |
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Class A |
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367,055,779 |
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3,128,026 |
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$ |
1,800 |
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$ |
— |
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Class B |
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41,149,242 |
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16,838,205 |
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93,353 |
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— |
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Preferred units (redeemable and convertible): |
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Series A |
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90,625,588 |
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90,625,588 |
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218,408 |
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52,146 |
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Series A-1 |
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8,808,351 |
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8,808,351 |
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21,477 |
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67,250 |
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Series B |
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11,643,171 |
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11,643,171 |
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101,382 |
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120,214 |
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Series C |
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41,418,916 |
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39,963,592 |
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265,797 |
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305,114 |
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Series C-1 |
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162,246,180 |
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107,908,114 |
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686,715 |
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874,999 |
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Series D |
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48,154,955 |
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48,154,955 |
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677,623 |
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700,000 |
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Total |
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771,102,182 |
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327,070,002 |
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$ |
2,066,555 |
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$ |
2,119,723 |
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