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Dec 31, 2020
Hawaiian Electric Q4 2020 Earnings Report
Hawaiian Electric Industries' Q4 2020 earnings decreased compared to the same period last year due to lower earnings in both its electric utility and banking segments.
Key Takeaways
Hawaiian Electric Industries reported Q4 2020 consolidated net income for common stock of $50.5 million, or $0.46 per share, compared to $66.3 million, or $0.61 per share, for Q4 2019. The decrease was primarily due to lower net income in both Hawaiian Electric Company and American Savings Bank. Full year net income was $197.8 million, or $1.81 per share.
Consolidated net income for common stock was $50.5 million, or $0.46 per share.
Hawaiian Electric's net income was $43.0 million, impacted by higher O&M expenses and depreciation.
American Savings Bank's net income was $15.7 million, decreased compared to the prior year quarter due to gains on sales of properties in Q4 2019.
HEI Board increased the quarterly cash dividend from $0.33 per share to $0.34 per share.
Revenue by Segment
Forward Guidance
HEI will conduct a webcast and conference call to review its fourth quarter and full year 2020 results and 2021 EPS guidance on Tuesday, February 16, 2021.
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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