Hawaiian Electric Earnings Reports

Hawaiian Electric Industries (HEI) reported a net income of $31 million in Q3 2025, reversing last year’s wildfire-driven loss. Core operations remained stable, and the company strengthened liquidity through a successful debt issuance.

HEI delivered $27 million in net income and $744 million in revenue for Q1 2025, with adjusted EPS at $0.23. Core earnings reflected progress in wildfire mitigation, debt reduction from asset sales, and favorable legislation.

Hawaiian Electric Industries (HEI) reported a net loss of $68 million, or $0.40 per share, for the fourth quarter of 2024, compared to a net income of $49 million, or $0.44 per share, for the same period in 2023. The results reflect higher O&M expenses, offset by increased revenues and gains on property sales. Core income from continuing operations was $35 million, slightly below the $37 million reported in Q4 2023.

Hawaiian Electric Industries (HEI) reported a consolidated net loss of $104.4 million, or $0.91 per share, for the third quarter of 2024. This includes a $203.0 million accrual for estimated wildfire liabilities and a $35.2 million asset impairment at Pacific Current. Excluding these items, core net income was $52.2 million. The utility continued wildfire mitigation efforts, and American Savings Bank (ASB) expanded its net interest margin. HEI is undertaking a strategic review of Pacific Current.

Hawaiian Electric Industries, Inc. (HEI) reported a consolidated net loss of $1.30 billion for the second quarter of 2024, or $11.74 per share. This includes a $1.71 billion loss from the accrual of estimated wildfire liabilities, an $82.2 million loss from a goodwill impairment at American Savings Bank (ASB), and $9.8 million of other Maui wildfire-related expenses. Excluding these items, core net income was $49.1 million for the second quarter of 2024 compared to $54.6 million in the second quarter of 2023.

Hawaiian Electric Industries reported a net income of $42.1 million and EPS of $0.38 for the first quarter of 2024, compared to $54.7 million and EPS of $0.50 in the same quarter of the previous year. American Savings Bank's net income was $20.9 million, reflecting the release of Maui wildfire-related reserves. The utility's net income was $39.2 million, impacted by higher O&M expenses and heat rate performance, offset by higher revenues.

Hawaiian Electric Industries (HEI) reported full-year 2023 consolidated net income for common stock of $199.2 million and EPS of $1.81. For the fourth quarter of 2023, consolidated net income for common stock was $48.8 million and EPS was $0.44.

Hawaiian Electric Industries (HEI) reported a consolidated net income of $41.1 million, or $0.37 per share, for the third quarter of 2023, compared to $62.1 million, or $0.57 per share, for the same period in 2022. The results were impacted by $27.6 million of pre-tax Maui wildfire-related expenses. Excluding these expenses, core net income was $61.5 million, or $0.56 per share. Hawaiian Electric's net income was $43.5 million, while American Savings Bank's net income was $11.4 million.

Hawaiian Electric Industries (HEI) reported a consolidated net income of $54.6 million, with an EPS of $0.50 for the second quarter of 2023. The utility segment saw net income growth to $45.3 million, while American Savings Bank's net income increased to $20.2 million. Overall results reflect solid credit quality and execution on the capital plan amidst macro headwinds.

Hawaiian Electric Industries reported a net income of $54.7 million and EPS of $0.50 for the first quarter of 2023. The results reflect good execution across the enterprise, with the bank's low-risk business model and the stability of Hawaii's banking market contributing to the performance. The utility also performed well, growing net income compared to the first quarter of last year.

Hawaiian Electric Industries (HEI) reported consolidated net income for common stock of $57.3 million, with EPS of $0.52 for Q4 2022, compared to $54.5 million and EPS of $0.50 for Q4 2021. Hawaiian Electric's net income increased, while American Savings Bank's net income decreased during the same period.

Hawaiian Electric Industries, Inc. (HEI) reported a consolidated net income for common stock of $62.1 million and EPS of $0.57 for the third quarter of 2022, compared to $63.4 million and EPS of $0.58 for the third quarter of 2021. The utility successfully mitigated many of the impacts of the current higher cost environment and continued its strong progress in our clean energy transition. The bank had another strong quarter with broad-based loan growth and positive credit trends.

Hawaiian Electric Industries reported a net income of $52.5 million and EPS of $0.48 for Q2 2022, compared to $63.9 million and EPS of $0.58 for Q2 2021. The decrease in net income was primarily attributed to the prior year's negative provision for credit losses at American Savings Bank and a return to a more normalized provision expense due to strong loan growth.

Hawaiian Electric Industries reported a solid first quarter with net income of $69.2 million and EPS of $0.63. The utility is performing well under the new performance-based regulation framework and progressing climate action goals. Bank results reflect solid credit quality, stable net interest margin, and an improving bank environment.

Hawaiian Electric Industries reported a net income of $54.5 million and EPS of $0.50 for the fourth quarter of 2021. Full year net income was $246.2 million, with EPS at $2.25. The company highlighted customer savings, carbon emission reduction goals, and solid performance from American Savings Bank.

Hawaiian Electric Industries reported a net income of $63.4 million for Q3 2021, with an EPS of $0.58. The utility delivered cost efficiency savings to customers while advancing climate goals, and the bank results reflected solid profitability and a strong liquidity and capital position.

Hawaiian Electric Industries (HEI) reported a consolidated net income of $63.9 million for the second quarter of 2021, with an EPS of $0.58, compared to $48.9 million and $0.45 EPS in the same quarter of the previous year. The results reflect the strengthening Hawaii economy and the company's focus on cost efficiencies.

Hawaiian Electric Industries (HEI) reported a strong first quarter in 2021, with consolidated net income of $64.4 million, or $0.59 per share, compared to $33.4 million, or $0.31 per share, in the first quarter of 2020. The utility and bank sectors showed improved earnings due to Hawaii's recovering economy. Hawaiian Electric's net income was $43.4 million, while American Savings Bank's net income was $29.6 million.

Hawaiian Electric Industries reported Q4 2020 consolidated net income for common stock of $50.5 million, or $0.46 per share, compared to $66.3 million, or $0.61 per share, for Q4 2019. The decrease was primarily due to lower net income in both Hawaiian Electric Company and American Savings Bank. Full year net income was $197.8 million, or $1.81 per share.

Hawaiian Electric Industries (HEI) reported a consolidated net income for common stock of $65.0 million and EPS of $0.59 for the third quarter of 2020, compared to $63.4 million and EPS of $0.58 for the third quarter of 2019. Hawaiian Electric Company's net income increased, while American Savings Bank's net income decreased due to lower asset yields and higher provision for credit losses.

Hawaiian Electric Industries (HEI) reported a consolidated net income for common stock of $48.9 million and EPS of $0.45 for Q2 2020, compared to $42.5 million and EPS of $0.39 for Q2 2019. The results reflect the strength and resilience of HEI's businesses, the dedication of its employees, and its commitment to supporting customers and the community.

Hawaiian Electric Industries, Inc. reported a net income of $33.4 million and EPS of $0.31 for the first quarter of 2020, compared to $45.7 million and EPS of $0.42 for the first quarter of 2019. The results reflect challenges from the COVID-19 pandemic, offset by revenue increases from rate adjustments and project recoveries, and lower interest expenses.

Hawaiian Electric Industries reported a consolidated net income for common stock of $66.3 million and EPS of $0.61 for Q4 2019, compared to $49.6 million and EPS of $0.45 for Q4 2018. The results reflect solid performance across the company's utility and bank segments.