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Dec 31, 2021
Hawaiian Electric Q4 2021 Earnings Report
Hawaiian Electric Industries reported consolidated net income of $54.5 million and EPS of $0.50 for Q4 2021, compared to $50.5 million and EPS of $0.46 for Q4 2020.
Key Takeaways
Hawaiian Electric Industries reported a net income of $54.5 million and EPS of $0.50 for the fourth quarter of 2021. Full year net income was $246.2 million, with EPS at $2.25. The company highlighted customer savings, carbon emission reduction goals, and solid performance from American Savings Bank.
Consolidated EPS grew by 24% driven by solid performance at utility and bank.
Hawaiian Electric delivered $8 million in customer savings through efficiency and productivity measures.
American Savings Bank's net income grew by 76% compared to 2020, largely due to a $25.8 million negative provision for credit losses.
HEI Board increased the quarterly cash dividend to $0.35 per share.
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 2022 earnings guidance and outlook on Monday, February 14, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income