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Jun 30, 2020
Hawaiian Electric Q2 2020 Earnings Report
Hawaiian Electric Industries reported consolidated net income for common stock and EPS, driven by the performance of its companies and employees during the COVID-19 period.
Key Takeaways
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 Company's net income increased due to lower O&M expenses and higher rate adjustment mechanism revenues.
American Savings Bank's net income decreased due to lower asset yields and a higher provision for credit losses.
The holding and other companies reported a greater net loss due to increased charitable contributions.
The Board of Directors maintained HEI’s quarterly cash dividend of $0.33 per share.
Revenue by Segment
Forward Guidance
HEI will conduct a webcast and conference call to review its consolidated results and 2020 earnings guidance and outlook.
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
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