Capstone Energy+ Inc (CEPL) News & EventsCEPLCapstone Energy+ Inc

Capstone Energy+ Secures 2.6 MW Order

Capstone Energy+ has received a 2.6 MW order and shipped two C1000S gas turbines and one C600S turbine to supply electricity to a remote natural gas compression plant in Argentina. Secured through Capstone's authorized distributor, Turbine Heat and Power, the systems are expected to provide prime power for a new natural gas compression facility in Rio Negro Province that is expected to supply natural gas to a liquefied natural gas export facility. Located in a remote area with no existing utility power lines to the site, the facility requires reliable on-site power to support critical compression operations. Capstone's pipeline natural gas-powered turbines were selected for their proven reliability and low-maintenance design. The systems are expected to be commissioned in August 2027.

Capstone Energy+ Delivers Two C1000S Gas Turbines for New Mexico Project

Capstone Energy+ announced the delivery of two additional C1000S Signature Series gas turbines to support the continued expansion of a major U.S. midstream natural gas infrastructure project in southern New Mexico. The project supports a large-scale natural gas infrastructure system spanning more than 200,000 acres and more than 200 miles of gathering pipelines. "From the early stages of Capstone's development, oil and gas operators recognized the value of our gas turbine technology. Our low maintenance design makes our products particularly well suited for remote and challenging operating environments," said Vince Canino, President and CEO of Capstone Energy+.

Capstone Energy+ Q1 Revenue $24.9M Exceeds Estimates

Reports Q1 revenue $24.9M, two estimates $22.85M. "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."