Hawaiian Electric Industries

Hawaiian Electric Co., Inc. engages in the operations of overhead transmission lines, overhead distribution lines, underground cables, poles, and steel or aluminum high voltage transmission towers. The firm offers electric vehicles, business account services, customer renewable programs, and advanced meters. The company was founded in 1881 and is headquartered in Honolulu, HI.

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HEI reports strong earnings, confident in 2023 outlook

HEI's Q4 2022 earnings call highlighted solid financial performance, resilience under PBR, and confidence in delivering results in 2023. The company aims for 5% EPS growth, efficient cost management, and continued success in ASB's loan growth and digital initiatives.

HEI reports robust Q1 earnings, aligns with Hawaii's clean energy goals

HEI and ASB demonstrated strong financial performance in Q1 2023, with a focus on clean energy initiatives and stable banking operations.
Despite challenges from storm-related costs, both sectors showed resilience and profitability, supported by Hawaii's robust economy.
Opportunities for growth lie in renewable projects, stable banking operations, and alignment with Hawaii's clean energy objectives.

HEI reports solid Q2 earnings, advances clean energy initiatives

HEI and ASB showed strong financial performance and strategic progress in Q2 2023.
Challenges include managing expenses, NIM compression, and Tier 1 leverage ratio amidst growth.
Opportunities lie in clean energy initiatives, cost management, and strategic expansion plans.
Overall, HEI's focus on sustainability and financial strength positions it well for future growth.

Hawaiian Electric Industries reports resilient Q3 performance amidst wildfire challenges

Hawaiian Electric Industries navigated challenges from the August wildfires, reporting solid financial performance and emphasizing community support and grid resilience.
While facing financial impacts and operational uncertainties, HEI's proactive measures and commitment to core operations position them for long-term sustainability and growth.
The company's focus on stakeholder engagement, transparency, and strategic planning presents opportunities for enhancing resilience, innovation, and value creation.

HEI reports strong Q4 earnings, faces cash constraints, eyes growth

HEI's Q4 2023 performance reflects solid financial results and proactive community support initiatives.
Despite challenges in cash position and CapEx management, opportunities exist in legislative engagement and financing strategies.
ASB's stable performance and strategic financial management underscore resilience and growth potential.
Overall, HEI navigates financial constraints while leveraging opportunities for growth and regulatory compliance.

Hawaiian Electric Industries reports Q1 2024 mixed financial performance

HE's Q1 2024 performance showed mixed results across segments.
ASB bank demonstrated strength with improved profitability.
Challenges persist with utility net income impacted by wildfires.
Opportunities exist for growth through strategic initiatives.

HEI reports Q3 loss, ASB strong, settles Maui wildfires

HEI faced challenges in Q3 2024 due to wildfire liabilities and asset impairments, resulting in a consolidated net loss.
Despite the losses, American Savings Bank (ASB) performed well, and progress was made towards resolving insurer claims.
HEI's liquidity position is strong, and the company is actively addressing the settlement agreement for Maui wildfires.

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Hawaiian Electric Industries, Inc. is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment delivers banking and other financial services to Hawaii consumers and businesses. The Other segment consists of corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

HONOLULU, Aug. 9, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock for the second quarter of 2021 of $63.9 million and EPS of $0.58 compared to $48.9 million and EPS of $0.45 for the second quarter of 2020. "HEI delivered strong consolidated financial results in the second quarter as Hawaii's economy strengthened and as we advanced key priorities across our enterprise," said Constance H.

HEI Reports Second Quarter 2021 Results

HONOLULU, July 30, 2021 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), today reported net income for the second quarter of 2021 of $30.3 million, compared to $29.6 million in the first, or linked quarter of 2021 and $14.0 million in the second quarter of 2020.

American Savings Bank Reports Second Quarter 2021 Financial Results

Hawaiian Electric Industries' bank has benefited from strengthening credit dynamics. Due to the economic recovery, Hawaiian Electric Industries' dividend and earnings could grow.

Hawaiian Electric Industries: More Expected Earnings Growth As Bank Strengthens

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HONOLULU, July 16, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) will announce its second quarter 2021 financial results on Monday, August 9. In addition, American Savings Bank, F.S.B.

Hawaiian Electric Industries To Announce Second Quarter 2021 Results August 9; American Savings Bank To Announce Second Quarter 2021 Results July 30

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Hawaiian Electric (HE) makes a strong case for investment, given its rising estimates and systematic capital spending to strengthen operations.

Reasons to Add Hawaiian Electric (HE) to Your Portfolio Now

Hawaiian Electric's (HE) Q1 revenues of $642.9 million in the first quarter decline 5.1% from the prior-year quarter's $677.2 million

Hawaiian Electric (HE) Q1 Earnings Up Y/Y, 2021 View Raised

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Hawaiian Electric Industries, Inc. (HE) CEO Connie Lau on Q1 2021 Results - Earnings Call Transcript

HONOLULU, May 7, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (NYSE: HE) (HEI) today reported consolidated net income for common stock for the first quarter of 2021 of $64.4 million and EPS of $0.59 compared to $33.4 million and EPS of $0.31 for the first quarter of 2020. "Both our utility and bank reported stronger earnings for the first quarter of 2021 as Hawaii's economy began to recover," said Constance H.

HEI Reports First Quarter 2021 Results

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The stock price for Hawaiian Electric Industries (NYSE: HE) – Hawaii's primary electric utility company – has surged by over 25% since mid-January, when we noted that the company had significant upside as the economy and the tourism industry open up post-Covid-19.

Does Hawaiian Electric Industries Stock Have More Room For Gains?

HONOLULU, April 30, 2021 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), today reported net income for the first quarter of 2021 of $29.6 million, compared to $15.7 million in the fourth, or linked quarter of 2020 and $15.8 million in the first quarter of 2020.

American Savings Bank Reports First Quarter 2021 Financial Results

HONOLULU, April 22, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) today released an updated consolidated report describing its policies, actions and performance with respect to a number of environmental, social and governance (ESG) matters, including climate-related risks and opportunities. HEI's 2021 ESG report includes the company's first Task Force on Climate-related Financial Disclosures (TCFD)-aligned reporting.

HEI Releases 2021 Consolidated Environmental, Social and Governance (ESG) Report

HONOLULU, April 19, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) will announce its first quarter 2021 financial results on Friday, May 7. In addition, American Savings Bank, F.S.B.

Hawaiian Electric Industries To Announce First Quarter 2021 Results May 7; American Savings Bank To Announce First Quarter 2021 Results April 30

Hawaiian Electric Industries - Hawaii's primary electric utility company - has seen its stock rally by about 20% to levels of around $41 per share since our last update in January discussing the stock's upside potential. Now, is there room for further gains in the stock?

Why Hawaiian Electric Industries Stock Is A Solid Recovery Play

HEI (HE) reported earnings 30 days ago. What's next for the stock?

HEI (HE) Up 17.8% Since Last Earnings Report: Can It Continue?

HE stock is well-off 2020 highs and will continue to face challenges in 2021, including an expected delay in tourism recovery. The post Don't Look for Hawaiian Electric Industries to Stage a Recovery in 2021 appeared first on InvestorPlace.

Don't Look for Hawaiian Electric Industries to Stage a Recovery in 2021

Hawaiian Electric's (HE) revenues in the fourth quarter decline 10.2% year over year due to decreased contributions from both the Electric Utility and Bank segments.

Hawaiian Electric (HE) Q4 Earnings Fall Y/Y, Stock Declines

Hawaiian Electric Industries, Inc. (HE) CEO Connie Lau on Q4 2020 Results - Earnings Call Transcript

On February 17, 2020, Hawaiian Electric Industries Inc. (NYSE:HE), hit a high of nearly $50. Then, like most of the market, the share price collapsed as the Covid-19 pandemic hit.

Hawaii Electric: Is This a Good Time to Buy?

Shares of Hawaiian Electric Indus (NYSE:HE) fell 0.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 24.59% year over year to $0.46, which beat the estimate of $0.33.

Recap: Hawaiian Electric Indus Q4 Earnings

On Tuesday, February 16, Hawaiian Electric Indus (NYSE:HE) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Preview: Hawaiian Electric Indus's Earnings

Post the 3% hike, Hawaiian Electric's (HE) annualized dividend will be $1.36 per share.

News for Hawaiian Electric Industries Stock (HE)