Hannon Armstrong (HASI) Tops Q2 EPS by 8c

Hannon Armstrong (NYSE: HASI) reported Q2 EPS of $0.40, $0.08 better than the analyst estimate of $0.32.

• Delivered $0.16 GAAP EPS on a fully diluted basis in the second quarter of 2020, compared with $0.19 in the second quarter of 2019
• Delivered $0.40 Core EPS (pre-CECL provision) and $0.36 Core EPS on a fully diluted basis in the second quarter of 2020, compared to $0.30 Core EPS in the second quarter of 2019
• Announced a partnership with ENGIE in July for Hannon Armstrong to invest approximately $540 million in a 2.3 GW portfolio of highly-contracted, grid-connected wind and solar assets
• Increased GAAP Net Investment Income for the first half of 2020 by 18% to $21 million, compared to $18 million in the first half of 2019
• Increased Core Net Investment Income for the first half of 2020 by 29% to $49 million, compared to $38 million in the first half of 2019
• Declared quarterly dividend of $0.34 per share payable in October 2020
• Closed $178 million of transactions in the quarter, compared to $204 million in the same period in 2019, and remain on track to close more than $1 billion of transactions for the full year 2020
• Launched multiple diversity, equity, inclusion, and justice initiatives, including a multi-year plan
• Estimated that 66,000 metric tons of annual carbon emissions will be avoided annually by our transactions this quarter, equating to a CarbonCount® score of 0.37 metric tons per $1,000 invested

For earnings history and earnings-related data on Hannon Armstrong (HASI) click here.

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