Quarterly ResultMay 7, 2026, 04:29 PM
HASI Q1 Adjusted EPS $0.77 (+20% Y/Y); Record Adjusted ROE 15.7%; Dividend $0.425
AI Summary
HA Sustainable Infrastructure Capital (HASI) reported strong first-quarter 2026 results with Adjusted EPS of $0.77, a 20% year-over-year increase, and a record Adjusted ROE of 15.7%. Despite a GAAP net loss of $72 million due to a timing difference in equity method investments, Adjusted Earnings rose to $102 million. The company affirmed its 2028 guidance for Adjusted EPS and ROE, and declared a quarterly dividend of $0.425 per share.
Key Highlights
- Adjusted EPS grew 20% year-over-year to $0.77 in Q1 2026; GAAP EPS was $(0.57).
- Reported a record Adjusted ROE of 15.7% in Q1 2026.
- Adjusted Recurring Net Investment Income increased 29% to $101 million.
- Managed Assets grew 13% year-over-year to $16.4 billion.
- Closed over $600 million in Q1 2026 transactions with new asset yields >10.5%.
- Issued $1 billion in unsecured notes; redeemed 8.00% senior unsecured notes.
- Affirmed 2028 Adjusted EPS guidance ($3.50-$3.60) and ROE (at least 17%).
- Declared a quarterly cash dividend of $0.425 per share.