---
schema_version: "secwatch.filing_event.v1"
accession: "0001828723-22-000142"
form_type: "8-K"
ticker: null
cik: "0001828723"
company_name: "Altus Power, Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:08:10.927202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Altus Power Q3: rev $30.4M (+51%), Adj. EBITDA $19.4M (+66%); closes 88MW DESRI; 2022 EBITDA guidance near low-end

## Summary
- Revenue $30.4M (+51% YoY); Adj. EBITDA $19.4M (+66%); GAAP net loss $96.6M from $102M non-cash remeasurement loss.
- Closed purchase of ~88 MW solar from DESRI; $201M base price, $82M cash at close, $20M indemnity holdback.
- Obtained commitments for $200M revolving credit facility (5-year) to enhance liquidity; documentation pending.
- Redeemed all outstanding public/private warrants for 4,058,845 shares and $83K net cash proceeds.
- 2022 Adj. EBITDA guidance revised to near low-end of prior range; margin unchanged at mid-50%.

## SEC filing metadata
- accession: 0001828723-22-000142
- form_type: 8-K
- cik: 0001828723
- company_name: Altus Power, Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828723/000182872322000142/0001828723-22-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828723/000182872322000142/amps-20221111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828723-22-000142
- JSON: https://secwatch.observer/filing/0001828723-22-000142.json
- Plain text: https://secwatch.observer/filing/0001828723-22-000142.txt

## Key facts
- Earnings Releases
  Altus Power, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $30.4 million, net income $96.6 million. Guidance lowered.
  - Period: the fiscal quarter ended September 30, 2022
  - Revenue: $30.4 million
  - Net income: $96.6 million
  - Guidance: lowered
  - Result: reported results
  source text: Revenues of $30.4 million during third quarter 2022, an increase of 51% over third quarter 2021 • GAAP net loss of $96.6 million, as compared to third quarter 2021 net loss of $1.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872322000142/0001828723-22-000142-index.htm
- M&A Transactions
  Altus Power, Inc. completed an acquisition involving D.E. Shaw Renewables Investments, L.L.C. for approximately an aggregate of $201 million base purchase price.
  - Action: acquisition
  - Counterparty: D.E. Shaw Renewables Investments, L.L.C.
  - Consideration: approximately an aggregate of $201 million base purchase price
  source text: Agreements”) related to this transaction, and others, was originally announced on September 27, 2022. The purchase price for these assets is approximately an aggregate of $201 million base purchase price of which the Company paid an aggregate of $82 million in cash at closing and held back an aggregate $20 million as security for indemnification claims which
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872322000142/0001828723-22-000142-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.