Capstone Energy Plus, Inc. Common Stock

Capstone Energy+ announced on Tuesday that it delivered 2 additional MW of C1000S gas turbines to support a major U.S. midstream natural gas project in southern New Mexico. The expansion brings the customer's fleet to 12 C1000S systems, providing 12 MW of on-site power across 6 interconnected gas facilities. The project began in 2024 with 8 rental units and has since expanded to 12 units through purchases and additions. The project supports remote compressor stations across 200K+ acres and 200 miles of pipelines, where utility power is unavailable. The company said the latest expansion highlights demand for its low-maintenance, low-emissions, and reliable distributed power systems in critical energy infrastructure.

Capstone Energy+ announced it is evaluating alternatives to refinance or repay its $25.3 million exit notes ahead of their December 2026 maturity. Interim CFO John Miller said the company is working on a commercial banking refinancing option and does not plan to extend the $25 million Goldman note. The update came as Capstone reported first quarter fiscal 2027 revenue of $24.9 million, gross profit up 16% to $8.8 million, and adjusted EBITDA of $2.7 million. Management highlighted margin expansion and positive operating cash flow despite lower product shipments and rental utilization, while noting data center conversations remain pre-contract.