Why did ZEO Energy's operating profit plummet in Q2 2024?

ZEO Energy's operating profit declined significantly in Q2 2024 compared to the previous quarter, primarily due to **increased transaction costs** and **merger-related expenses**.

The company's recent business combination with ESGEN Acquisition Corp. resulted in significant transaction costs, which negatively impacted its operating profit. Additionally, the merger led to merger transaction expenses of $11.7 million, further straining the company's financial performance.

In summary, the decline in ZEO Energy's operating profit in Q2 2024 can be attributed to increased transaction costs and merger-related expenses.

|code|Ticker|Name|Date|Operating Income|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|ZEO|ZEO.O|Zeo Energy|2023 Q3|3990896|3.7894166E7|4000047|186|
|ZEO|ZEO.O|Zeo Energy|2023 Q4|-894832|0|-775735|186|
|ZEO|ZEO.O|Zeo Energy|2024 Q1|-4083770|2.0142156E7|-4107102|186|
|ZEO|ZEO.O|Zeo Energy|2024 Q2|-2712678|1.4796272E7|-1757319|186|