UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35877 HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. (Exact name of registrant as specified in its charter) Maryland 46-1347456 (S ...

For the quarter ended March 2024, Hannon Armstrong (HASI) reported revenue of $41.92 million, up 39.7% over the same period last year. EPS came in at $0.68, compared to $0.53 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $37.74 million, representing a surprise of +11.10%. The company delivered an EPS surprise of +19.30%, with the consensus EPS estimate being $0.57.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

HASI Announces First Quarter 2024 Results, Establishes $2b Strategic Partnership with KKR ANNAPOLIS, Md., May 7, 2024 -- (BUSINESS WIRE) -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the first quarter of 2024. Business Highlights Financial Results • Announced CarbonCount Holdings 1 LLC, a strategic partnership with KKR, to invest in $2 billion of sustainable infrastructure ...

In its upcoming report, Hannon Armstrong (HASI) is predicted by Wall Street analysts to post quarterly earnings of $0.57 per share, reflecting an increase of 7.6% compared to the same period last year. Revenues are forecasted to be $37.74 million, representing a year-over-year increase of 25.8%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...

Hannon Armstrong (HASI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. ...

pidjoe Thesis The iron boot of the Fed has dropped on dividend-paying companies, with interest rates hitting REITs and mREITs especially hard. Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) has been beaten down especially hard and now yields above 6%. However, the dividend is secure and growing steadily, supported by growing cash flows and operational resilience, making the shares a strong value buy. Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI provides capital and ser ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35877 HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. (Exact name of registrant as specified in its charter) Maryland 46-1347456 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35877 HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. (Exact name of registrant as specified in its charter) Maryland 46-134745 ...

This presentation refers to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Additional information concerning these non-GAAP financial measures as well as reconciliations of such non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein. • Advancing incremental channels for capital light growth • Pipeline investments on avg >10%1 • Consistent risk profile Earnings Presen ...

[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) Hannon Armstrong's Q2 2023 financial statements show total assets at **$5.4 billion** and net income of **$13.5 million**, driven by improved equity method investments and higher interest income Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$5,375,229** | **$4,760,148** | | Equity method investments | $2,298,962 | $1,869,712 | | Commercial receivables, net | $2,134,154 | $1,887,483 | | **Total Liabilities** | **$3,381,324** | **$3,095,402** | | Senior unsecured notes | $1,770,047 | $1,767,647 | | **Total Stockholders' Equity** | **$1,993,905** | **$1,664,746** | Condensed Consolidated Statements of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Total revenue | $74,334 | $62,803 | $143,435 | $121,280 | | Income (loss) from equity method investments | $2,252 | $(19,585) | $24,670 | $27,981 | | **Net income (loss)** | **$13,522** | **$(18,538)** | **$38,120** | **$27,166** | | Diluted earnings (loss) per common share | $0.14 | $(0.21) | $0.39 | $0.30 | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Category | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $65,726 | $(26,890) | | Net cash provided by (used in) investing activities | $(688,406) | $(255,550) | | Net cash provided by (used in) financing activities | $598,486 | $335,568 | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=41&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The MD&A highlights the company's climate-positive strategy, **$10 billion** in managed assets, and a **$5.0 billion** project pipeline, alongside strong Q2 2023 net income and robust liquidity - The company's investment pipeline exceeded **$5.0 billion** as of June 30, 2023, with **50%** in Behind-the-Meter (BTM) assets and **35%** in Grid-Connected (GC) assets[186](index=186&type=chunk) - Management is considering revoking the company's REIT status for the 2024 tax year, aiming for similar tax efficiency through alternative structures and existing NOLs[188](index=188&type=chunk) Key Financial Metrics Comparison (in millions) | Metric | Q2 2023 | Q2 2022 | H1 2023 | H1 2022 | | :--- | :--- | :--- | :--- | :--- | | Net Income (Loss) | $13.5M | $(18.5)M | $38.1M | $27.2M | | Distributable Earnings | $53.1M | $53.5M | $102.8M | $99.3M | | Distributable EPS | $0.53 | $0.60 | $1.07 | $1.13 | Liquidity and Leverage (in millions, except ratios) | Metric | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Unrestricted Cash | $127M | $156M | | Unused Credit Capacity | $669M | N/A | | Debt to Equity Ratio | 1.6 to 1 | 1.8 to 1 | | Fixed-Rate Debt % | 97% | 86% | [Quantitative and Qualitative Disclosures about Market Risk](index=54&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company manages primary market risks including credit, interest rate, liquidity, and commodity price risks through rigorous underwriting, hedging, and long-term contracts - The company faces interest rate risk on **$108 million** of variable-rate debt; a **50 basis point** rate increase would raise quarterly interest expense by approximately **$135 thousand**[252](index=252&type=chunk) - **Credit risk** is managed via thorough underwriting, strong structural protections, and continuous active asset management and portfolio monitoring[247](index=247&type=chunk) - **Commodity price risk** is mitigated by focusing on renewable energy projects with long-term Power Purchase Agreements (PPAs) or leases[256](index=256&type=chunk) [Controls and Procedures](index=57&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal control over financial reporting during Q2 2023 - The company's **disclosure controls and procedures were effective** as of the quarter-end[261](index=261&type=chunk) - No material changes to internal control over financial reporting occurred during the quarter[263](index=263&type=chunk) [PART II. OTHER INFORMATION](index=57&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=57&type=section&id=Item%201.%20Legal%20Proceedings) As of June 30, 2023, the company is not involved in any legal proceedings expected to materially affect its financial condition or operations - The company reports **no material legal proceedings** as of June 30, 2023[265](index=265&type=chunk) [Risk Factors](index=57&type=section&id=Item%201A.%20Risk%20Factors) This section refers investors to the detailed discussion of potential risks and uncertainties in Item 1A of the company's 2021 Form 10-K - The report refers to **Item 1A of the company's 2021 Form 10-K** for a discussion of potential risks and uncertainties[266](index=266&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=57&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased common stock in 2023, primarily for employees to satisfy tax withholding obligations upon restricted stock vesting Issuer Purchases of Equity Securities (2023) | Period | Total Shares Purchased | Average Price Per Share (in US Dollars) | | :--- | :--- | :--- | | January 2023 | 6,468 | $34.43 | | March 2023 | 35,104 | $31.18 | | May 2023 | 4,452 | $26.10 | - Repurchases facilitated employees in satisfying **tax and compensation-related withholdings** upon restricted stock vesting[268](index=268&type=chunk)