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Dec 31, 2022
Hawaiian Electric Q4 2022 Earnings Report
Hawaiian Electric Industries reported mixed results for Q4 2022, with consolidated net income increasing slightly, driven by Hawaiian Electric's performance, while American Savings Bank's net income decreased.
Key Takeaways
Hawaiian Electric Industries (HEI) reported consolidated net income for common stock of $57.3 million, with EPS of $0.52 for Q4 2022, compared to $54.5 million and EPS of $0.50 for Q4 2021. Hawaiian Electric's net income increased, while American Savings Bank's net income decreased during the same period.
HEI's Q4 2022 consolidated net income increased to $57.3 million, with EPS at $0.52.
Hawaiian Electric's Q4 net income rose to $48.6 million, driven by higher revenues from regulatory mechanisms.
American Savings Bank's Q4 net income decreased to $17.9 million due to a higher provision for credit losses.
HEI Board increased the quarterly cash dividend to $0.36 per share.
Revenue by Segment
Forward Guidance
HEI will conduct a webcast and conference call to review its consolidated results and 2023 earnings guidance and outlook on Tuesday, February 14, 2023.
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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