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Dec 31, 2023
Hawaiian Electric Q4 2023 Earnings Report
Hawaiian Electric Industries reported a net income of $48.8 million and EPS of $0.44 for Q4 2023, compared to $57.3 million and EPS of $0.52 in Q4 2022. Core net income and EPS for the fourth quarter were $53.4 million and $0.48, respectively.
Key Takeaways
Hawaiian Electric Industries (HEI) reported full-year 2023 consolidated net income for common stock of $199.2 million and EPS of $1.81. For the fourth quarter of 2023, consolidated net income for common stock was $48.8 million and EPS was $0.44.
Core businesses delivered solid results under challenging circumstances.
The utility is continuing to execute on its plans to modernize its generation system and make electric grids more resilient.
The bank continues to be well-positioned with strong capital, excellent credit quality, lending capacity and ample liquidity.
Sale of investment securities executed in the fourth quarter further positions ASB for improved profitability and net interest margin while strengthening the balance sheet.
Hawaiian Electric
Hawaiian Electric
Hawaiian Electric Revenue by Segment
Revenue by Segment
Electric Utility Revenue
CapyFin.comOther Segment Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income