Hawaiian Electric Industries

Hawaiian Electric Co., Inc. engages in the operations of overhead transmission lines, overhead distribution lines, underground cables, poles, and steel or aluminum high voltage transmission towers. The firm offers electric vehicles, business account services, customer renewable programs, and advanced meters. The company was founded in 1881 and is headquartered in Honolulu, HI.

Earnings data Q1 2021

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HEI reports strong earnings, confident in 2023 outlook

HEI's Q4 2022 earnings call highlighted solid financial performance, resilience under PBR, and confidence in delivering results in 2023. The company aims for 5% EPS growth, efficient cost management, and continued success in ASB's loan growth and digital initiatives.

HEI reports robust Q1 earnings, aligns with Hawaii's clean energy goals

HEI and ASB demonstrated strong financial performance in Q1 2023, with a focus on clean energy initiatives and stable banking operations.
Despite challenges from storm-related costs, both sectors showed resilience and profitability, supported by Hawaii's robust economy.
Opportunities for growth lie in renewable projects, stable banking operations, and alignment with Hawaii's clean energy objectives.

HEI reports solid Q2 earnings, advances clean energy initiatives

HEI and ASB showed strong financial performance and strategic progress in Q2 2023.
Challenges include managing expenses, NIM compression, and Tier 1 leverage ratio amidst growth.
Opportunities lie in clean energy initiatives, cost management, and strategic expansion plans.
Overall, HEI's focus on sustainability and financial strength positions it well for future growth.

Hawaiian Electric Industries reports resilient Q3 performance amidst wildfire challenges

Hawaiian Electric Industries navigated challenges from the August wildfires, reporting solid financial performance and emphasizing community support and grid resilience.
While facing financial impacts and operational uncertainties, HEI's proactive measures and commitment to core operations position them for long-term sustainability and growth.
The company's focus on stakeholder engagement, transparency, and strategic planning presents opportunities for enhancing resilience, innovation, and value creation.

HEI reports strong Q4 earnings, faces cash constraints, eyes growth

HEI's Q4 2023 performance reflects solid financial results and proactive community support initiatives.
Despite challenges in cash position and CapEx management, opportunities exist in legislative engagement and financing strategies.
ASB's stable performance and strategic financial management underscore resilience and growth potential.
Overall, HEI navigates financial constraints while leveraging opportunities for growth and regulatory compliance.

Hawaiian Electric Industries reports Q1 2024 mixed financial performance

HE's Q1 2024 performance showed mixed results across segments.
ASB bank demonstrated strength with improved profitability.
Challenges persist with utility net income impacted by wildfires.
Opportunities exist for growth through strategic initiatives.

HEI reports Q3 loss, ASB strong, settles Maui wildfires

HEI faced challenges in Q3 2024 due to wildfire liabilities and asset impairments, resulting in a consolidated net loss.
Despite the losses, American Savings Bank (ASB) performed well, and progress was made towards resolving insurer claims.
HEI's liquidity position is strong, and the company is actively addressing the settlement agreement for Maui wildfires.

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Hawaiian Electric Industries, Inc. is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment delivers banking and other financial services to Hawaii consumers and businesses. The Other segment consists of corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q3 2024 Earnings Conference Call November 8, 2024 4:30 PM ET Company Participants Mateo Garcia - Director, Investor Relations Scott Seu - President and Chief Executive Officer Scott DeGhetto - Executive Vice President, Chief Financial Officer and Treasurer Joseph Viola - Senior Vice President, Customer, Legal and Regulatory Affairs Paul Ito - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Lonegan - Evercore ISI Jonathan Reeder - Wells Fargo Operator Good afternoon. My name is Audra, and I will be your conference operator today.

Hawaiian Electric Industries, Inc. (HE) Q3 2024 Earnings Call Transcript

On November 4, HEI and Other Parties Finalized the Settlement Agreements to Resolve the Maui Wildfire Tort Litigation

HEI Reports Third Quarter 2024 Results

HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports Third Quarter 2024 Financial Results.

American Savings Bank Reports Third Quarter 2024 Financial Results

HONOLULU--(BUSINESS WIRE)--HEI to Announce Third Quarter 2024 Results November 8; American Savings Bank to Announce Third Quarter 2024 Results October 30.

Hawaiian Electric Industries to Announce Third Quarter 2024 Results November 8; American Savings Bank to Announce Third Quarter 2024 Results October 30

Hawaiian Electric (HE, Financial) recently witnessed a sharp decline in its stock price, dropping by 5.02% to $9.28 per share. The trading volume reached 1.65725 million shares with a turnover rate of 0.96% and a price amplitude of 4.96%.

Hawaiian Electric (HE) Stock Experiences Significant Price Drop Amid Negative Earnings Report

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric issues statement regarding Maui Fire Department report on August 2023 wildfires.

Hawaiian Electric Issues Statement Regarding Maui Fire Department Report on August 2023 Wildfires

HONOLULU--(BUSINESS WIRE)--HEI Successfully Raises $558 Million Through Recent Equity Offering.

HEI Successfully Raises $558 Million Through Recent Equity Offering

Shares of Hawaiian Electric Industries (HE), or HEI, tumbled Tuesday, a day after the holding company for the state's biggest power provider announced a major stock sale at a discounted price to help pay for damages related to last year's deadly Maui wildfires.

Hawaiian Electric Shares Sink on $500M Stock Sale To Pay for Maui Fire Damages

Snowflake

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Tuesday.

Snowflake, Hawaiian Electric Industries And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Shares of Hawaiian Electric fell 3.3% premarket on Thursday after the parent company of Hawaii's largest utility said it plans to sell up to $250 million worth of shares to partly fund its portion of the Maui wildfire settlement.

Hawaiian Electric falls after disclosing $250 mln stock offering plan

Hawaiian Electric raised bankruptcy concerns with "going concern" language in its second-quarter report. The company has reached a settlement with plaintiffs regarding the August 2023 wildfires.

Why Hawaiian Electric Plunged 35.2% in August

Parties have reached a settlement agreement over last year's Maui wildfires. While some details are unknown, the settlement gives more certainty to Hawaii Electric Industries' outlook. HE shares look to be trading at a discount to its post-settlement valuation.

Valuing Hawaiian Electric Industries

Hawaiian Electric raised the prospect of bankruptcy in its quarterly report. The company recently reached an expensive settlement agreement over the August 2023 wildfires.

Why Hawaiian Electric Plunged 12.8% This Week

Shares of Hawaiian Electric Industries (HE), or HEI, sank Monday after the utility operator warned it may not be able to continue operations because of the potential inability to pay the money required from the legal settlement reached related to the massive 2023 wildfire in Maui, blamed in part on its Hawaiian Electric unit.

Hawaiian Electric Warns About Future Viability Because of Maui Fire Costs

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U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.

JetBlue Airways, B. Riley Financial, Hawaiian Electric And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Hawaiian Electric raised a going concern risk in its earnings report because it doesn't yet have a financing plan in place for the $1.99 billion settlement with Maui wildfire victims.

Hawaiian Electric raises going concern risk over Maui wildfire settlement financing

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q2 2024 Earnings Conference Call August 9, 2024 4:30 PM ET Company Participants Mateo Garcia - Director, IR Scott Seu - President and CEO Scott DeGhetto - EVP, CFO and Treasurer Paul Ito - SVP, CFO and Treasurer Conference Call Participants Michael Lonegan - Evercore Jonathan Reeder - Wells Fargo Operator Good afternoon. My name is Audra, and I will be your conference operator today.

Hawaiian Electric Industries, Inc. (HE) Q2 2024 Earnings Call Transcript

HONOLULU--(BUSINESS WIRE)--HEI Reports Second Quarter 2024 Results.

HEI Reports Second Quarter 2024 Results

Hawaiian's largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year's deadly Maui wildfires.

Hawaiian Electric agrees to pay about half of $4 billion Maui wildfire settlement

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HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports Second Quarter 2024 Financial Results.

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Hawaiian Electric Industries (HE) and others have reached a tentative deal to pay more than $4 billion to settle lawsuits related to wildfires that ravaged Maui in 2023, according to a Bloomberg report.

Reports of a Wildfire Settlement Deal Have Hawaiian Electric Stock Flying

Hawaiian Electric Industries Inc.'s stock is rallying by about 37% in premarket trading Friday after Bloomberg reported the company is near a settlement for hundreds of lawsuits filed after the wildfires in Maui that caused billions in damage in August.

Hawaiian Electric stock rallies on report of Maui wildfire settlement

Hawaiian Electric Industries and other defendants in lawsuits over the Maui wildfires in Hawaii have tentatively agreed to pay more than $4 billion in settlement amount, Bloomberg News reported on Thursday, citing people familiar with the matter.

News for Hawaiian Electric Industries Stock (HE)