HA Sustainable Infrastructure Capital's Q3 revenue misses, adjusted EPS beats estimates

HA Sustainable Infrastructure Capital

06/11/2025 22:19

Overview

HASI Q3 2025 revenue missed analyst expectations, adjusted EPS exceeded estimates

Adjusted EPS rose to $0.80 from $0.52 in Q3 2024

Company closed a $1.2 bln investment in a 2.6 GW renewable project

Outlook

HASI expects 2025 Adjusted EPS to grow ~10% year-over-year

Company reaffirms 8-10% compound annual growth in Adjusted EPS through 2027

HASI expects dividend payout ratio to decline to 55-60% of Adjusted EPS by 2027

Result Drivers

ADJUSTED RECURRING NET INVESTMENT INCOME - Increased 42% year-over-year due to larger portfolio and project refinancing proceeds

PORTFOLIO GROWTH - Managed Assets grew 15% year-over-year to $15.0 billion, driven by new high-yield investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$69 mln
$100.16 mln (11 Analysts)
Q3 Adjusted EPS
Beat
$0.80
$0.69 (14 Analysts)
Q3 EPS
$0.61
Q3 Net Income
$83 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for HA Sustainable Infrastructure Capital Inc is $39.00, about 25.8% above its November 5 closing price of $28.94

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw50R7w3a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)