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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Hawaiian Electric Industries' stock plummeted another 10% Tuesday after S&P Global downgraded the company's credit rating to junk.

Hawaiian Electric's stock plunges again after S&P downgrades its credit rating

Hawaiian Electric Industries Inc.'s stock HE tumbled 23% Tuesday, after class-action lawsuits were filed against the company and its subsidiaries following the devastating wildfires on Maui. S&P Global Rating downgraded the rating to BB- and placed it on CreditWatch negative, meaning the rating agency could downgrade it again in the near term.

Hawaiian Electric Industries' stock slides 23% as S&P downgrades credit to reflect risk from wildfire-related lawsuits

Shares of Hawaiian Electric Industries were down 20.3% in afternoon trading Tuesday, extending this week's sharp losses, as S&P downgraded the credit rating on the electric utility to junk status in the wake of wildfires in Maui.

Hawaiian Electric shares plunge further as S&P downgrades utility to junk

NEW YORK , Aug. 15, 2023 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or "the Company") (NYSE: HE). Investors who purchased Hawaiian Electric securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/he.

Hawaiian Electric Industries, Inc. (HE) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

Shares of Hawaiian Electric Industries, Inc. have fallen by 40% after devastating fires hit the islands, resulting in 50% losses in just a few weeks. Scrutiny has arisen as the utility company did not have plans in place to shut off power lines during dangerous winds, potentially contributing to the fires. The company's involvement in the tragedy may have negative implications for shareholders, but it is too early to determine the long-term impact and potential claims.

Hawaiian Electric - Many Uncertainties After The Fire

Hawaiian Electric is under scrutiny for not shutting off the power during a windstorm four days before racing wildfires swept through the Maui town of Lahaina.

Hawaiian Electric shares tumble as utility faces scrutiny amid deadly Maui wildfires

Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.

Hawaiian Electric Shares Crater on Concerns About Potential Maui Fires Liability

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Hawaiian Electric Industries, Inc. (NYSE: HE) resulting from allegations that Hawaiian Electric may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Hawaiian Electric securities you may be entitled to compensation without payment of any out of pocket fees or costs through.

HE INVESTOR NEWS: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Hawaiian Electric Industries, Inc. Investors With Losses to Inquire About Securities Class Action Investigation – HE

Last week, an environmental disaster ravaged the Hawaiian island of Maui, which witnessed a wildfire that USA Today describes as “the deadliest U.S. wildfire in over a century.” The wildfire has claimed 96 lives so far and destroyed over 250 buildings.

HE Stock Plunges 40% as Hawaiian Electric Faces Probes for Maui Wildfires

Hawaiian Electric Industries' shares plunged nearly 40% in early trading on Monday amid growing scrutiny over whether the utility company's equipment played any role in the deadly wildfires that burnt through the coastal Maui town of Lahaina.

Hawaiian Electric Industries shares plunge 40% amid deadly Maui wildfire scrutiny

Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class-action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by the utility's energized power lines that were knocked down by strong winds.

Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires

A class-action lawsuit alleges the destruction "could have been avoided" if the Hawaiian Electric hut down power before the high winds hit.

Hawaiian Electric shares drop 30% on concern about potential liability from Maui wildfires

Hawaiian Electric stock has plunged as much as 49% since the start of the devastating Maui fires. The fires broke out last week and killed at least 96 people in what has turned into the deadliest US wildfire in over a century.

Hawaiian Electric utility company sees its stock price plunge 49% after devastating Maui fires

Wells Fargo maintained an Underweight rating on Hawaiian Electric stock, and lowered the price target to $25 from $35.

Maui Wildfires Are Risk to Hawaiian Electric Stock, Analyst Says

Hawaiian Hlds

Host Hotels & Resorts

Maui Land & Pineapple

Park Hotels & Resorts

Sunstone Hotel Investors

The biggest question for the island's companies—and broader economy— will be how long tourists might stay away.

Wildfires Could Hit Hawaii Tourism Industry. Some Stocks to Watch.

Hawaiian Electric Industries' (HE) second-quarter earnings miss estimates. The company lowers its earnings expectation for 2023.

Hawaiian Electric (HE) Q2 Earnings Lag Estimates, Rise Y/Y

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q2 2023 Earnings Conference Call August 7, 2023 4:15 PM ET Company Participants Mateo Garcia - Investor Relations Scott Seu - President and Chief Executive Officer Paul Ito - Chief Financial Officer Shelee Kimura - President and Chief Executive Officer, Hawaiian Electric Ann Teranishi - President and Chief Executive Officer, American Savings Bank Conference Call Participants Julien Dumoulin-Smith - Bank of America Paul Patterson - Glenrock Associates Jonathan Reeder - Wells Fargo Ashar Khan - Verition Fund Operator Good afternoon and thank you for attending today's Second Quarter 2023 Hawaiian Industries Inc. Earnings Conference Call. My name is Jason and I will be the moderator for today's call.

Hawaiian Electric Industries, Inc. (HE) Q2 2023 Earnings Call Transcript

HONOLULU--(BUSINESS WIRE)--HEI Reports Second Quarter 2023 Results.

HEI Reports Second Quarter 2023 Results

HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports Second Quarter 2023 Financial Results.

American Savings Bank Reports Second Quarter 2023 Financial Results

First Trust Nasdaq Pharmaceuticals ETF 

iShares U.S. Healthcare ETF

Johnson & Johnson

Vanguard Health Care ETF

Health Care Select Sector SPDR Fund

Johnson & Johnson (JNJ) continued with its long streak of earnings beat. It topped the revenue estimate as well as lifted the full-year outlook.

5 ETFs to Buy on JNJ's Q2 Earnings Strength

HONOLULU--(BUSINESS WIRE)--HEI To Announce Second Quarter 2023 Results August 7; American Savings Bank to Announce Second Quarter Results July 28.

HEI to Announce Second Quarter 2023 Results August 7; American Savings Bank to Announce Second Quarter Results July 28

Alexander & Baldwin

A&B's planned leadership transition continues with the appointment of Lance Parker as a director HONOLULU , June 30, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced that Shelee Kimura has been appointed to serve on its Board of Directors, effective July 1, 2023. Kimura joins the Board after the departure of Michele Saito, who has been a director since 2012.

Alexander & Baldwin Appoints Shelee Kimura to its Board of Directors

Hawaiian Electric Industries, Inc. is the largest electric utility in Hawaii as well as one of the largest banks. The company is very well insulated against economic shifts, as even the tourism hit from the pandemic only had minimal cash flow impact. The population of Hawaii is declining, which could prove a drag.

Hawaiian Electric: Surprisingly Good Stability, But Population Decline A Drag

Hawaiian Electric's (HE) total revenues of $928.2 million in the first quarter improve 18.2% from the prior-year quarter's $785.1 million.

Hawaiian Electric (HE) Q1 Earnings Lag Estimates, Sales Up Y/Y

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q1 2023 Earnings Conference Call May 9, 2023 4:15 PM ET Company Participants Mateo Garcia - Director of Investor Relations Scott Seu - President & Chief Executive Officer Paul Ito - Executive Vice President & Chief Financial Officer Ann Teranishi - President & Chief Executive Officer of American Savings Bank Dane Teruya - Chief Financial Officer, American Savings Bank Conference Call Participants Julien Dumoulin-Smith - Bank of America Paul Patterson - Glenrock Associates Operator Good afternoon. Thank you for attending today's Q1 2023 Hawaiian Electric Industries Inc. Earnings Conference Call.

News for Hawaiian Electric Industries Stock (HE)