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Dec 31, 2024
Hawaiian Electric Q4 2024 Earnings Report
Estimated Revenue:$1.18B
+186.6% YoY
Estimated EPS:$0.4
19.9% YoY
Key Takeaways
Hawaiian Electric Industries (HEI) reported a net loss of $68 million, or $0.40 per share, for the fourth quarter of 2024, compared to a net income of $49 million, or $0.44 per share, for the same period in 2023. The results reflect higher O&M expenses, offset by increased revenues and gains on property sales. Core income from continuing operations was $35 million, slightly below the $37 million reported in Q4 2023.
Net loss for Q4 2024 was $68 million, or $0.40 per share, compared to a net income of $49 million, or $0.44 per share, in Q4 2023.
Core income from continuing operations was $35 million for Q4 2024, compared to $37 million in Q4 2023.
Hawaiian Electric's net income for Q4 2024 was $46 million, compared to $58 million in Q4 2023.
The utility dividend to HEI remains suspended due to holding company cash needs and the continued suspension of dividends to HEI's common equity shareholders.
Revenue by Segment
Forward Guidance
No specific forward guidance details were provided in the release.
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