earnings
confidence high
sentiment positive
materiality 0.75
HASI reports Q2 adjusted EPS $0.63, revenue $95M (+27%), and KKR co-investment partnership
HA Sustainable Infrastructure Capital, Inc.
2024-Q2 EPS reported
$1.22
revenue$200,332,000
- Adjusted EPS $0.63 (vs $0.53 YoY); GAAP EPS $0.23 (vs $0.14 YoY) on net income of $26.5M.
- Revenue $95M (+27% YoY); managed assets $13.0B (+21% YoY), portfolio $6.2B (+27% YoY).
- Strategic partnership with KKR targeting $2B co-investment over 18 months in sustainable infrastructure.
- Closed first investment-grade bond issuance: $700M senior secured notes due 2034, coupon 6.375%.
- Reaffirms guidance: adjusted EPS CAGR 8-10% from 2024-2026 (2026 midpoint $2.89); dividend $0.415/quarter.