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Dec 31, 2021
Altus Power Q4 2021 Earnings Report
Altus Power reported an increase in revenue and net income compared to the same period last year.
Key Takeaways
Altus Power reported a significant increase in revenue and net income for Q4 2021 compared to Q4 2020. Revenue increased by 92%, and net income was $14.5 million, compared to a net loss of $3.3 million in the same period last year.
Generated revenues of $21.6 million for fourth quarter 2021, an increase of 92% over fourth quarter 2020.
Fourth quarter 2021 GAAP net income totaled $14.5 million, compared to a net loss of $3.3 million for the same period last year.
Adjusted EBITDA during the fourth quarter of 2021 was $12.9 million, compared to $5.6 million for the fourth quarter of 2020, a 129% increase.
Increased installed portfolio of solar generation assets to 362 megawatts across 18 states during 2021.
Forward Guidance
Altus Power is initiating a 2022 adjusted EBITDA guidance range of $57-63 million, nearly 50% growth over 2021 at the midpoint.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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