Quarterly ResultMay 14, 2026, 01:16 PM
Spruce Power Q1 Operating EBITDA Up 49%; Operating Income $3.8M
AI Summary
Spruce Power reported strong first-quarter 2026 financial results, with Operating EBITDA up 49% and Operating Income reaching $3.8 million, a significant improvement from a loss in the prior year. The company achieved positive adjusted cash generation from operations and substantially reduced its net loss, driven by continued cost management efforts. Spruce Power ended the quarter with a robust cash position of $85.6 million and reduced its debt principal by $8.2 million, positioning itself for long-term value creation.
Key Highlights
- Operating EBITDA increased 49% year-over-year to $18.4 million.
- Operating Income reached $3.8 million, compared to a $1.7 million loss in Q1 2025.
- Net loss attributable to stockholders significantly reduced to $2.9 million from $15.3 million.
- Adjusted Cash Flow from Operations was positive $2.6 million, up from $3.2 million used in Q1 2025.
- Core operating costs declined, with O&M down 70% and SG&A down 21% year-over-year.
- Ended the quarter with $85.6 million in cash, or $4.71 per share.
- Reduced debt principal by $8.2 million in the first quarter.
- Gross Portfolio Value (PV6) stood at $840.0 million as of March 31, 2026.