Key Takeaways
- For the quarter ended June 30, 2026, Capstone Energy+ (NASDAQ: CEPL) posted fiscal first-quarter 2027 revenue of $24.9 million, down from $27.9 million a year earlier.
- Gross margin climbed 800 basis points year over year to 35%, pushing gross profit up 16% to $8.8 million and flipping a $0.2 million operating loss into $1.0 million of operating income.
- Net income came in at $37,000, versus a $698,000 net loss in the same quarter last year, while net loss per share improved to $(0.03) from $(0.04).
- Operating cash flow hit $5.4 million, a reversal from the $1.6 million used a year earlier, pushing cash and restricted cash up to $32.3 million as of June 30, 2026.
- Capstone Energy+ started trading on Nasdaq under the ticker CEPL on July 8, 2026, and picked up new orders, among them a Utah hospitality CHP project and an expanded 2.2 MW system for Chile’s state-owned ENAP.
Capstone Energy+ Reports Q1 Fiscal 2027 Figures
Capstone Energy+, Inc. (NASDAQ: CEPL), a Los Angeles maker of behind-the-meter clean microturbine energy systems, released financial results on Aug. 12, 2026, covering its fiscal first quarter ended June 30, 2026. Losses narrowed and margins widened for the company even though revenue slipped from the year-ago period.
How Revenue and Margins Moved
Revenue came in at $24.9 million, down from $27.9 million in fiscal Q1 2026. Product and accessories sales brought in $12.96 million, parts and services revenue climbed 21% to $9.72 million, and rentals contributed $2.24 million. Gross profit rose 16% to $8.8 million, and gross margin expanded 800 basis points to 35%, up from 27% a year earlier. The company moved from a $0.2 million operating loss a year ago to $1.0 million in operating income, and it swung to net income of $37,000 from a $698,000 net loss. Net loss per share improved to $(0.03) from $(0.04). Adjusted EBITDA stayed steady at $2.7 million, and operating cash flow reached $5.4 million, up from $1.6 million used in the prior-year quarter. Cash and restricted cash grew to $32.3 million from $28.9 million the quarter before.
Pipeline Keeps Expanding
Capstone Energy+ debuted on Nasdaq under the ticker CEPL on July 8, 2026. In and around the quarter, the company won a combined heat and power project built on two C800 microturbines for a Utah hospitality resort, plus a follow-on order from Chile’s state-owned ENAP expanding an existing system from 1.4 MW to 2.2 MW. It also grew its Energy-as-a-Service model through a 36-month flare-gas recovery lease in Gabon.
Cash Position and What Capston Energy+ Leadership Said
“We continued to demonstrate improvement in our underlying earnings power in Q1, even as quarterly revenue was affected by the timing of large product shipments and lower rental-fleet utilization,” said Vince Canino, President and Chief Executive Officer of Capstone Energy+. “We expanded gross margin by 800 basis points year over year, generated positive operating income, and produced $5.4 million in operating cash flow, demonstrating our three-pillar strategy continues to be a positive impact on our business even during some market turbulence.”
“Our activity during and after the quarter demonstrated the breadth of the markets Capstone can serve. Recent projects across healthcare, hospitality, and flare-gas recovery show the value of reliable, efficient, and scalable on-site power in environments where energy is critical. Our priorities for the balance of Fiscal 2027 focus on activity in our Major Growth Markets, in particular, Data Centers and Ports. Activity has steadily increased over the prior quarter,” Canino said.
