Spruce Power Holding (SPRU)
NYSE:SPRU
Want to see SPRU full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.17Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful operational progress: strong margin expansion, large reductions in O&M and SG&A, a 49% increase in operating EBITDA, and a materially improved net loss, supported by a stable customer base and a solid cash balance. Offsetting these positives are a slight year-over-year revenue decline driven by weather, lower noncash amortization and customer buyouts, a going concern disclosure tied to the near‑term maturity classification of the SP1 facility, and substantial outstanding debt that requires successful refinancing. Management has secured an SP1 extension and is actively pursuing refinancing, which partially mitigates financing risk but leaves execution uncertainty. Overall, operational and profitability improvements are significant and appear to outweigh the financing and timing headwinds noted.Company Guidance
Strong Operating EBITDA Growth
Operating EBITDA of $18.4M in Q1 2026, up 49% year-over-year from $12.3M in Q1 2025, driven by margin expansion and operational efficiencies.
Substantial Reduction in Operating Expenses
Total operating expense declined to $19.6M from $25.5M (down ~23% year-over-year). Core operating expenses (SG&A + O&M) fell to $12.7M from $18.6M (down ~32%).
Major O&M and SG&A Improvements
O&M expense declined ~70% year-over-year to approximately $1.2M; SG&A declined ~21% year-over-year to approximately $11.6M, driven by lower labor costs, reduced professional services and Project Streamline efficiencies.
Significant Improvement in Net Loss
Net loss attributable to stockholders improved to approximately $2.9M in Q1 2026 from a net loss of $15.3M in Q1 2025 — an improvement of about $12.4M (≈81% reduction in the loss).
Solid Cash Position and Deleveraging Activity
Total cash and restricted cash of ~$85.6M at quarter end (including ~$50M unrestricted). Company repaid ~$8.2M of debt principal during the quarter as part of ongoing deleveraging.
Stable Recurring Cash Flow Base
Approximately 84,000 customer contracts providing predictable, long-term contracted revenue and diversified geographic exposure supporting recurring cash flows.
Progress on Financing (SP1 Extension)
Completed an amendment to extend the SP1 facility maturity to October 2026 (with potential extension to January 2027 subject to a signed term sheet), providing additional flexibility while the company advances refinancing discussions.
Management Remains Focused on Execution and Growth
Management reiterated priorities: improve operating efficiency and profitability, advance refinancing, maintain disciplined liquidity, and selectively pursue accretive growth opportunities (portfolio acquisitions, partnerships, Spruce Pro servicing).
SPRU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $3.30 | $3.04 | -7.88% |
Mar 30, 2026 | $4.00 | $4.10 | +2.50% |
Nov 12, 2025 | $4.72 | $5.15 | +9.11% |
Aug 11, 2025 | $1.45 | $1.38 | -4.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Spruce Power Holding (SPRU) report earnings?
Spruce Power Holding (SPRU) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Spruce Power Holding (SPRU) earnings time?
Spruce Power Holding (SPRU) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPRU EPS forecast?
Currently, no data Available