Loading...
•
Mar 31, 2024
Hawaiian Electric Q1 2024 Earnings Report
Hawaiian Electric Industries reported consolidated net income for common stock of $42.1 million and EPS of $0.38 for Q1 2024.
Key Takeaways
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.
HEI reported Q1 2024 net income of $42.1 million and EPS of $0.38.
Hawaiian Electric's net income was $39.2 million, influenced by increased O&M expenses and heat rate performance.
American Savings Bank's net income was $20.9 million, benefiting from strategic balance sheet repositioning and release of Maui wildfire-related reserves.
The holding and other companies reported a net loss of $18.0 million, primarily due to wildfire-related expenses and lower Pacific Current net income.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...