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HASI (HASI)
NYSE:HASI
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.68Last Year’s EPS
0.64Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call emphasized strong operational momentum and multiple financial improvements in 2025: record transaction closings, double-digit adjusted EPS growth, higher yields, improved ROE and equity efficiency, growing managed assets and recurring income, plus strengthened liquidity and capital tools (junior subordinated notes, CCH 1 expansion). The company also highlighted meaningful sustainability outcomes. The primary negatives were forecast volatility driven by gain-on-sale lumpiness, GAAP/HLBV accounting volatility, one-time large transactions (SunZia) that may make year-to-year comparisons uneven, and some policy/tax-equity uncertainty. Overall, the positive operational and financial achievements substantially outweigh the listed challenges, though investors should watch lumpiness and policy developments.Company Guidance
Record Investment Volume in 2025
Closed $4,300,000,000 in new transactions in 2025, an increase of 87% versus 2024; even excluding the SunZia investment, closed more than $3,000,000,000 in new investments.
Material Increase in Balance-Sheet Retained Investments
Investment volume retained on the balance sheet totaled $3,600,000,000 in 2025, up approximately 140% from $1,500,000,000 in 2024.
Pipeline Growth and Strong Market Demand
Pipeline increased to more than $6,500,000,000 at the end of 2025 (up from >$5,500,000,000 earlier), reflecting elevated client development activity and sustained demand for project-level capital (~18–20% growth versus prior reference).
High Yields and Narrowing Funding Spreads
Yield on new investments exceeded 10.5% for the second consecutive year; senior unsecured term bonds trading with yields below 6.25%, supporting attractive investment margins.
EPS Growth and ROE Improvement
Adjusted EPS grew 10.2% in 2025 to $2.70 per share; adjusted ROE rose 70 basis points to 13.4% in 2025; incremental ROE exceeded 19% in 2025, indicating high profitability on new capital.
Recurring Earnings and Fee Growth
Adjusted recurring net investment income increased to $362,000,000, a 25% increase year-over-year; fees and income from managing assets (CCH 1 and securitization trusts) rose to $49,000,000, up 32% year-over-year; gain on sale contributed $65,000,000 to adjusted earnings.
Managed Assets, Portfolio Growth and Yield
Managed assets grew 18% to $16,100,000,000; portfolio grew to $7,600,000,000 with portfolio yield increasing to 8.8%.
Enhanced Capital and Liquidity Position
Liquidity grew to $1,800,000,000; issued inaugural $500,000,000 junior subordinated hybrid notes (receives favorable rating agency equity credit), and obtained a third investment-grade rating; senior debt yields compressed, lowering funding costs.
Equity Efficiency and CCH 1 Expansion
Equity efficiency improved materially: historically $100 of new equity produced $300 of investments, and after CCH 1 and hybrids $100 now produces ~$1,350 of new investments (>400% improvement); upsized CCH 1 equity commitments by $1,000,000,000 in Q4 and total CCH 1 commitments expanded to $3,000,000,000 (additional $500M from HA and $500M from KKR).
Sustainability and Impact Milestones
2025 was the first year avoided annual CO2 emissions from new investments exceeded 1,000,000 metric tons, reaching 1,700,000 metric tons in 2025; total annual CO2 emissions avoided from all investments to date rose to 10,000,000 metric tons.
HASI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HASI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $35.83 | $39.70 | +10.80% |
Nov 06, 2025 | $28.18 | $31.62 | +12.19% |
Aug 07, 2025 | $23.74 | $25.04 | +5.45% |
May 07, 2025 | $24.71 | $24.84 | +0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HASI (HASI) report earnings?
HASI (HASI) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is HASI (HASI) earnings time?
HASI (HASI) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HASI EPS forecast?
HASI EPS forecast for the fiscal quarter 2026 (Q1) is 0.68.