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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.
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 Friday, November 5, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income