Altus Power Q1 revenue $40.7M (+38% YoY), Adj. EBITDA $19.7M (+23%), reaffirms FY guidance

Altus Power, Inc.

2024-Q1 EPS reported $0.05 revenue$40,659,000

Q1 revenue $40.7M, up 38% from $29.4M YoY; GAAP net income $4.1M vs $3.8M.
Adj. EBITDA $19.7M, up 23% from $16.0M YoY.
Portfolio grew 45% to 981 MW; added ~4,000 Community Solar customers (total >24,000).
Reaffirms FY 2024 revenue guidance $200-222M, Adj. EBITDA $115-135M.
Alison Sternberg appointed Head of IR; cash balance $204M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Altus Power, Inc. reported first quarter of 2024 results: revenue $40.7 million, net income $4.1 million. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $40.7 million
Net income: $4.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (EX-99.1) --- Altus Power, Inc. Announces First Quarter 2024 Financial Results First Quarter Financial Highlights • First quarter 2024 revenues of $40.7 million, a 38% increase as compared to first quarter 2023 • GAAP net income of $4.1 million for first quarter 2024, an increase as compared to $3.8 million for first quarter 2023 •

View on SEC.gov

1051 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001828723-24-000063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.