HASI Q1 revenue rises, beats estimates

HA Sustainable Infrastructure Capital

07/05/2026 22:09

Overview

US sustainable infrastructure investor's Q1 adjusted EPS rose 20% yr/yr, beating analyst expectations

Q1 revenue declined and missed analyst expectations

GAAP net loss driven by timing difference in tax equity investment accounting, expected to normalize

Outlook

HASI affirms 2028 adjusted EPS guidance of $3.50 to $3.60

Company expects adjusted ROE of more than 17% in 2028

HASI expects payout ratio to fall below 50% in 2028 and below 40% in 2030

Result Drivers

PORTFOLIO GROWTH AND YIELD - Co said higher adjusted earnings were driven by a larger portfolio and higher yields on investments

ASSET SALES - Gain on sale of assets contributed to higher adjusted earnings in the quarter

HIGHER INTEREST EXPENSE - Interest expense increased due to debt refinancing and issuance of higher-rate notes

Company press release: ID:nBw2s09yka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$124.22 mln
$111.40 mln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.77
$0.68 (13 Analysts)
Q1 EPS
-$0.57
Q1 Net Income
-$71.96 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "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 $46.00, about 6.2% above its May 6 closing price of $43.31

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

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