And we are just always kind of looking over a solar just saying, who else might jump in. The reality is that buying things is hard. M&A is not an easy business. Integrating is not an easy business. We have spent the last 5 years developing that called, muscle memory of how to bid being a low execution risk counterparty. People know that we are good for our handshake that when we say we are going to do something, we actually have the means and the expertise to do it. We believe that makes us the preferred buyer in M&A especially in residential solar. And so we continue to see things. Yes, there are other folks that are competing, and yes, our scale, our expertise and I would like to think our reputation as counterparties enable us to be the preferred buyer for a lot of potential sellers.
Hilary Cauley: Great. Thank you.
Operator: Your next question comes from Jordan Levy with Truist Securities. Your line is open.
Unidentified Analyst: Hello. It’s Henry on for Jordan here. Really great to see the inflection, the positive earnings this past quarter, I know you mentioned the recent merger, but any other additional color you can provide on some of the core drivers behind that?
Sarah Wells: Yes, sure. We saw really strong production from our assets in the quarter. As Christian mentioned in the prepared remarks, our weather-adjusted performance ratio was above 100%. And so our assets are operating really well. That paired with normal seasonality drove the top line. On the cost side, we still have some legacy XL costs coming through mainly legal costs, but all of the integration costs that we saw with the merger, like the people comps, all the back has mostly rolled off. And so we are really excited about this inflection and to continue to build on our improvements on the bottom line.
Unidentified Analyst: Awesome. Thanks for that. And then I know you noted you have been active kind of in the share repurchase program in the quarter and then going forward. And so I would love to get any color on the kind of the balance you see with acquisition opportunities, obviously, the buyback and anything else you see kind of going through the end of this year and then into 2024. Thank you.
Sarah Wells: Sure. Going forward, the repurchase is always going to be part of our chest to drive shareholder value. I don’t see that going away. We do view the program as two-fold. First, it has to offer value. And if that’s happening, then secondly, we also benefit with Spruce acting as an incremental buyer of our own stock. So, I see the repurchase program and the reverse like kind of all working towards that same goal.
Christian Fong: And I had just to put numbers on. It was a $50 million program. So, we have still got $46-point-some million of dry powder in that program.
Unidentified Analyst: Thank you.
Operator: There are no further questions at this time. I will now turn the call back over to Bronson Fleig for closing remarks.
Bronson Fleig: Thank you, operator and thank you again for joining us today and for your continued support. If you have any questions, please contact me or our Investor Relations team. This concludes our call today. You may all now disconnect.
