Loading...
•
Sep 30, 2020
Hawaiian Electric Q3 2020 Earnings Report
Hawaiian Electric Industries reported consolidated net income for common stock and EPS, with utility results driven by lower expenses and higher revenues, while bank results reflected economic dynamics and improved noninterest income.
Key Takeaways
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.
HEI's Q3 2020 EPS was $0.59, compared to $0.58 in Q3 2019.
Hawaiian Electric's net income increased, driven by lower O&M expenses and higher RAM revenues.
American Savings Bank's net income decreased due to lower asset yields and higher provision for credit losses related to the pandemic.
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 at 11:15 a.m. Hawaii time (4:15 p.m. Eastern time) on Friday, November 6, 2020.
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...