HA Sustainable Infrastructure Capital, Inc. (HASI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon to everyone joining us today for HACI's third quarter 2025 conference call. Earlier this afternoon, HACI distributed a press release reporting our third quarter 2025 results, a copy of which is available on our website, along with the slide presentation we will be referring to today. This conference call is being webcast live on the investor relations page of our website, where a replay will be available later today. Some of the comments made in this call are forward-looking statements, which are subject to risks and uncertainties described in the risk factor section of the company's Form 10-K and other filings with the SEC. Actual results may differ materially from those stated. Today's discussion also includes some non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is available in our earnings release and presentation. Joining us on the call today are Jeff Lipson, the company's president and CEO, as well as Chuck Melko, our chief financial officer. And also available for Q&A are Susan Nicky, our chief client officer, and Mark Pangburn, our chief revenue and strategy officer. To kick things off, I will turn it over to our president and CEO, Jeff Lipson. Jeff? Thank you, Aaron, and thank you, everyone, for joining the call. Welcome to the HACI Q3 2025 earnings call. Before we discuss the prepared slides, I'd like to start the call today by reiterating four aspects of our business model and how they interact with recent market developments. One, the demand for energy continues to increase, and virtually all forecasts expect this trend to continue. This demand will clearly result in greater supply, facilitating ongoing development by our clients, which in turn increases HACI's total addressable market. Therefore, the cur...