earnings
confidence high
sentiment positive
materiality 0.80
HASI Q1 2026 adj EPS $0.77 (+20% YoY); record adj ROE 15.7%; affirms 2028 guidance
HA Sustainable Infrastructure Capital, Inc.
2026-Q1 EPS reported
-$0.57
revenue$124,226,000
- GAAP EPS loss $(0.57) due to tax equity timing; adjusted EPS $0.77, up 20% YoY.
- Adjusted recurring net investment income $101M, up 29% YoY; record adjusted ROE 15.7%.
- Managed assets $16.4B (+13% YoY); closed >$600M transactions at >10.5% yields.
- Issued $1B unsecured notes (coupon ~6.68%); redeemed 8% notes due 2027.
- Affirms 2028 adj EPS guidance $3.50-$3.60, adj ROE >17%, payout ratio <50%.