Loading...
•
Mar 31, 2025
Hannon Armstrong Q1 2025 Earnings Report
Hannon Armstrong reported its first quarter 2025 results.
Key Takeaways
Hannon Armstrong (HASI) reported a solid first quarter in 2025, with managed assets increasing 12% year-over-year to $14.5 billion and recurring income up 14% year-over-year to $79 million. The company closed a record $700 million in transactions during the quarter and reaffirmed its Adjusted EPS growth guidance of 8-10% through 2027.
Closed over $700 million in transactions during the quarter, setting a new Q1 record.
Managed assets grew 12% year-over-year to $14.5 billion.
Recurring income (Adjusted Net Investment Income and Securitization Asset Income) increased 14% year-over-year to $79 million.
Reaffirmed guidance for Adjusted EPS growth of 8-10% through 2027 and declared a quarterly dividend of $0.42 per share.
Revenue by Segment
Forward Guidance
The company reaffirmed its guidance for Adjusted Earnings per Share and dividend payout ratio, expecting Adjusted EPS to grow at a compound annual rate of 8% to 10% through 2027, reaching a midpoint of $3.15 per share in 2027. Annual dividends per share of common stock are expected to decline to between 55% and 60% of annual Adjusted Earnings per Share by 2027.
Positive Outlook
- Continued strong yield on existing portfolio.
- Strong yield on incremental portfolio investments, including existing pipeline.
- Expected volume and profitability of transactions.
- Visibility provided by existing portfolio and pipeline.
- Strong tailwinds to U.S. electricity demand.
Challenges Ahead
- Potential changes in costs and expenses reflective of forecasted operations.
- Uncertainty regarding the amount, timing, and costs of debt and equity capital to fund new investments.
- General interest rate fluctuations.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...