Spruce Power Holding Corporation (SPRU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to Spruce Power first quarter 2026 earnings results conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the call over to Julia Gasparri, head of investor relations. Please go ahead. Thank you, operator. Good afternoon, everyone, and welcome to Spruce Power's first quarter 2026 earnings conference call. Joining me today are Chris Hayes, Spruce's chief executive officer, and Tom Cimino, the company's chief financial officer. Before we begin, I'd like to remind you that we will comment on our financial performance using both GAAP and non-GAAP financial measures. Important information about these non-GAAP financial measures, including reconciliations to the most comparable GAAP measures, is included in our earnings release for the first quarter of 2026. is available on the Investor Relations section of our website. Our discussion today will also include forward-looking statements that reflect management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our earnings release and SEC filings for a discussion of these risk factors. With that, I will now turn the call over to Chris Hayes, Chief Executive Officer of Spruce Power. Chris? Thanks, Julia. Good afternoon, everyone. We began 2026 with continued progress against our operational and financial priorities, delivering meaningful year-over-year improvement in profitability and operating efficiency while maintaining stable liquidity and recurring cash flow generation from our portfolio. For the first qua...