Hannon Armstrong (HASI) Tops Q3 EPS by 88c

Hannon Armstrong (NYSE: HASI) reported Q3 EPS of $1.19, $0.88 better than the analyst estimate of $0.31.

• Delivered $0.78 GAAP EPS on a fully diluted basis through the first three quarters in 2020, compared with $0.54 in the same period in 2019
• Delivered $1.19 Core EPS (pre-CECL provision) and $1.12 Core EPS on a fully diluted basis year-to-date in 2020, compared to $1.01 Core EPS in the same period in 2019
• Lowered weighted-average cost of debt and extended weighted-average maturity through issuance of $375 million of unsecured green bonds with 10-year maturity and a 3.75% coupon and $144 million of convertible green bonds with a 3-year maturity and a 0% coupon
• Reported $24.6 million of GAAP Net Investment Income and $67.2 million of Core Net Investment Income through the first three quarters of 2020
• Closed $716 million of transactions in the quarter, compared to $287 million in the same period in 2019
• Closed $1.1 billion of transactions through the first three quarters of 2020, compared to $810 million in the same period in 2019
• Declared quarterly dividend of $0.34 per share payable in January 2021
• Joined the Partnership for Carbon Accounting Financials
• Estimated that 1.2 million metric tons of annual carbon emissions will be avoided annually by our transactions closed this quarter, equating to a CarbonCount® score of 1.67 metric tons per $1,000 invested

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

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