XIFR NYSE

Of US companies ranked in the third-riskiest tenth, about 1 in 140 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.85 (down 80%), XPLR Infrastructure, LP would be worth roughly what it owes.
Total debt $6.03B against a stock market value of $891.8M.
Distance to default 3.23 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $3.08B (short-term plus half of long-term), stock volatility 34.7%; Altman Z'' 0.52. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.