Meridian
Universe

XIFR · CIK 0001603145 · FY2025 live · 2025-12-31

XPLR Infrastructure, LP

GreySEC 10-KZ″Utilities66th percentile in Utilities · 132 names

View as

Model

Z″

FY2025

1.20

Zone

Grey

Prior

Market DD

1y PD

Meridian Rank

58.18

0–100 · Z″ tape · not a PD

  • Book standing

    50

  • Year change

  • Market PD

  • O-score

    80

Events on this name

Same published rows as Today. Not a live recompute.

  • Approaching distress

    watch · 44

    • Live Z: — → 1.20
    • Cut: — → 1.10

1.20

Classic Z 0.77

−21.12.68+

Z″ 1.20 · distress below 1.10, grey to 2.60, safe above.

Z″ factor contributions

  • X1 Working capital / assets

    Short-term liquidity. Carries more weight in Z″ than in classic Z.

    −0.01
    6.56 × = −0.05
  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    0.00
    3.26 × = 0.00
  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    −0.01
    6.72 × = −0.06
  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.

    1.25
    1.05 × = 1.32

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

XPLR Infrastructure, LP is on Z″ at 1.20 (grey) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.

Book screen Grey; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Z″ scores · 66th percentile in Utilities.

KPI widgets

Current assets

$1.4B

Total assets

$19.6B

Current liabilities

$1.6B

Total liabilities

$8.7B

Working capital

−$146M

Retained earnings

$0

EBIT

−$186M

Total sales

$1.2B

Book equity

$10.9B

Accession 0001603145-26-000007. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.