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Sep 30, 2021
Hawaiian Electric Q3 2021 Earnings Report
Hawaiian Electric Industries reported consolidated net income for common stock of $63.4 million and EPS of $0.58 for the third quarter of 2021.
Key Takeaways
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.
Consolidated net income for common stock was $63.4 million, with an EPS of $0.58.
Hawaiian Electric Company's net income was $50.3 million, influenced by lower revenues and higher operations and maintenance expenses.
American Savings Bank's net income was $19.3 million, driven by a negative provision for credit losses.
The holding and other companies reported a net loss of $6.2 million, primarily due to higher Pacific Current income and lower corporate expense.
Revenue by Segment
Forward Guidance
HEI will conduct a webcast and conference call to review its consolidated results and 2021 earnings guidance and outlook on Friday, November 5, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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