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Jun 30, 2021
Hawaiian Electric Q2 2021 Earnings Report
Hawaiian Electric Industries reported strong consolidated financial results in the second quarter of 2021, driven by the strengthening Hawaii economy and progress across the enterprise.
Key Takeaways
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.
HEI delivered strong consolidated financial results driven by Hawaii’s economy strengthening.
The new performance-based regulation framework is fully in effect, delivering savings to customers.
American Savings Bank's results benefited from a release of reserves for credit losses due to the improved economy and credit quality.
The bank is transforming its operating model to provide excellent customer service in an increasingly digital world.
Hawaiian Electric
Hawaiian Electric
Hawaiian Electric Revenue by Segment
Revenue by Segment
Electric Utility Revenue
CapyFin.comOther Segment Revenue
CapyFin.com Forward Guidance
HEI will conduct a webcast and conference call to review its consolidated results and 2021 earnings guidance and outlook on Monday, August 9, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income