HA Sustainable Infrastructure Q1 Net Loss $72.0M; EPS $(0.57)
HA Sustainable Infrastructure Capital, Inc. reported a net loss attributable to controlling stockholders of $72.0 million, or $(0.57) per basic share, for Q1 2026, a significant decline from net income of $56.6 million, or $0.47 per basic share, in Q1 2025. Total revenue increased by 28.1% to $124.2 million, but this was offset by a 45.3% rise in total expenses to $149.5 million and a substantial loss of $79.3 million from equity method investments. Despite the net loss, net cash provided by operating activities improved to $15.6 million from a net use of $37.1 million in the prior year. The company also issued $600.0 million in junior subordinated notes and redeemed $450.0 million in senior notes.
Key Highlights
- Net loss attributable to controlling stockholders was $(71,965)k in Q1 2026, compared to net income of $56,612k in Q1 2025.
- Basic earnings per common share was $(0.57) in Q1 2026, down from $0.47 in Q1 2025.
- Total revenue increased by 28.1% to $124,226k in Q1 2026 from $96,941k in Q1 2025.
- Total expenses rose by 45.3% to $149,487k in Q1 2026 from $102,847k in Q1 2025.
- Income (loss) from equity method investments shifted to a loss of $(79,258)k in Q1 2026 from income of $87,989k in Q1 2025.
- Interest expense increased by 53.5% to $99,275k in Q1 2026 from $64,677k in Q1 2025.
- Net cash provided by operating activities improved to $15,614k in Q1 2026 from a net use of $(37,121)k in Q1 2025.
- Issued $600,000k in junior subordinated notes and redeemed $450,000k in senior notes during the quarter.
Price Impact
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