Inferra AI / Company / HASI
Ha Sustainable Infrastructure Capital, Inc.
HASI · Financials
Last earnings Aug 6, 2026
Key results
GAAP net incomequarter
$98 million
GAAP Earnings and EPS GAAP net income to controlling stockholders was $98 million in Q2 2025, compared to $27 million in Q2 2024.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
GAAP EPSquarter
$0.74
GAAP diluted earnings per share was $0.74 in Q2 2025, compared to $0.23 in Q2 2024.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Revenuequarter
$86 million
GAAP income in the current period was driven by total revenue of $86 million, total expenses of $105 million (which is inclusive of $11 million of debt extinguishment costs), income from equity method investments of $158 million, and income tax expense of $38 million.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Growthquarter
up 9%
It also excludes other non-cash items such as Amortization of Real Estate Intangibles and, when applicable, Loss (Gain) on Debt Modification or Extinguishment Interest and Rental Income Revenue As of June 30, 2025, our Receivables, Net of Allowance, and Receivables Held-for-Sale totaled $3.1 billion, up 9% from $2.8 billion as of June 30, 2024, due to the funding of additional investments over the previous 12 months.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Rental Income revenuequarter
$67 million
Interest and Rental Income Revenue was $67 million in Q2 2025, compared to $63 million in Q2 2024, driven by higher yields on our investments and investment fundings.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Retained Interest Income revenuequarter
$9 million
Management Fees and Retained Interest Income Revenue was $9 million in Q2 2025 , compared to $5 million in Q2 2024 , driven by growth in both management fees from CCH1 and income from our retained interest in securitized assets .
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
AI analysis
Q2 2025 · reported Aug 7, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Aug 7, 2025 EPS values as stated in the release.
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| GAAP net income | $98 million | — | $27 million |
| GAAP EPS | $0.74 | — | $0.23 |
| Revenue | $86 million | — | — |
| Growth | up 9% | — | — |
| Rental Income revenue | $67 million | — | $63 million |
| Retained Interest Income revenue | $9 million | — | $5 million |
Guidance · company-stated
Direction: raised
No guidance located in the held release
“1 Document HASI Announces Second Quarter 2026 Results and Raises Guidance on 24% Y Y Adjusted EPS Growth YTD and Adjusted ROE Above 15% ANNAPOLIS, Md.”
Capital allocation
Upgraded by S P, our third investment grade rating, issued $1 billion of senior unsecured notes at a blended effective yield of 6.3%, and repurchased $700 million of bonds due in 2026 and 2027 and repaid our $200 million convertible notes due in 2025.
Event summary
HASI Announces Second Quarter 2025 Results
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Upgraded by S P, our third investment grade rating, issued $1 billion of senior unsecured notes at a blended effective yield of 6.3%, and repurchased $700 million of bonds due in 2026 and 2027 and repaid our $200 million convertible notes due in 2025.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Reaffirmed guidance for compound annual growth in Adjusted EPS of 8-10% through 2027 relative to the 2023 baseline, and declared quarterly dividend of $0.42 per share.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
The strength of our business model has been further validated by S P s recent upgrade, giving us our third investment grade rating, and we demonstrated our capabilities in managing our capital structure through the refinancing of $900 million of our debt, extending our maturities into 2035.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
GAAP income in the current period was driven by total revenue of $86 million, total expenses of $105 million (which is inclusive of $11 million of debt extinguishment costs), income from equity method investments of $158 million, and income tax expense of $38 million.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
HASI generates recurring income from each of these components (1) income generated from our Portfolio, including both our debt investments ( Receivables and Real Estate and Debt Securities ), and our equity investments ( Equity Method Investments ), (2) management fee income from our securitization trusts and our partner s share of our co-investment structures, and (3) income from our retained interests in our securitized assets.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
GAAP-based net investment loss was $(3) million in Q2 2025, including an $11 million loss on debt extinguishment.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Strategy & priorities
Certain of our equity method investments in renewable energy and energy efficiency projects are structured using typical partnership flip structures where the investors with cash distribution preferences receive a pre-negotiated return consisting of priority distributions from the project cash flows, in many cases, along with tax attributes.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
We have excluded this write-off from Adjusted earnings, as this investment was an investment in a corporate entity which is not a part of our current investment strategy and is immaterial to our Portfolio.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Investors in a preferred return position, if any, typically receive a priority distribution of all or a portion of the project s cash flows, and in some cases, tax attributes.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — 10-Q Quarterly report10-QAug 7, 2026
This claim is calculated as the amount we would receive if the investee were to liquidate all of its assets at the recorded amounts determined in accordance with GAAP and distribute the resulting hypothetical proceeds to creditors and investors in accordance with their respective priorities.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — 10-Q Quarterly report10-QAug 7, 2026
Risks & headwinds
In the second quarter of 2025, we moved into this category a receivable previously included in Category 1 where the underlying assets are experiencing project-specific operational challenges which are currently in the process of being remediated.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Forward-Looking Statements Some of the information contained in this press release is forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Forward-looking statements are subject to significant risks and uncertainties.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
We will use judgment in determining when we will reflect the losses on receivables in our adjusted earnings, and will consider certain circumstances such as the time period in default, sufficiency of collateral as well as the outcomes of any related litigation.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
FORWARD-LOOKING STATEMENTS We make forward-looking statements in this Quarterly Report on Form 10-Q ( Form 10-Q ) within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act ), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act ) that are subject to risks and uncertainties.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — 10-Q Quarterly report10-QAug 7, 2026
Legal Proceedings 61 Item 1A.
SEC original ↗Ha Sustainable Infrastructure Capital, Inc. — 10-Q Quarterly report10-QAug 7, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
5 documentsPresentations
0 documentsNo presentations for Ha Sustainable Infrastructure Capital, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Ha Sustainable Infrastructure Capital, Inc. are held in this edition of the library.
Mentioned by
2 companiesOther tracked companies whose held documents mention Ha Sustainable Infrastructure Capital, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“s related… …joint venture with Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) to finance over 300 megawatts of capacity across more than 40,000 home power plants. Under the agreement, HASI will make a structured… …Net change in cash”
“ and project mix. Net interest and… …Term Growth Announces Transformational Investment by HASI in Ameresco’s Biogas Business Updates 2026 Guidance as a Result of the Investment First Quarter 2026 Financial Highlights: • Revenues of $401.5 million… …a”
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