Overview

* Spruce Power ( SPRU ) Q3 revenue rises 44% yr/yr, driven by acquisitions and service agreements

* Net loss for Q3 narrows significantly compared to the previous year

* Operating EBITDA for Q3 increases 48% yr/yr, reflecting cost management

Outlook

* Spruce plans to decrease SG&A costs through workforce reduction and office closure

* Company engaged in discussions with financial institutions regarding 2026 debt obligations

Result Drivers

* REVENUE GROWTH - Revenue increased 44% yr/yr, driven by NJR acquisition and improved SRECs revenue

* COST REDUCTIONS - O&M expenses down 53% yr/yr due to meter upgrades and cost management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $30.73

Revenue mln

Q3 EPS -$0.05

Q3 Net -$714,00

Income 0

Q3 $8.48

Income mln

From

Operatio

ns

Q3 Net -$677,00

Income 0

continui

ng

operatio

ns

Q3 $22.24

Operatin mln

g

Expenses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)