Company Reports

Hawaiian Electric Industries reported second-quarter core operating earnings per share of $0.13, down from $0.20 in the year-ago period.

Hawaiian Electric Industries will derive nearly all of its income from its electric utility after selling a 90% stake in its American Savings Bank subsidiary in late 2024.

Hawaiian Electric reported first-quarter core operating earnings per share of $0.18, down from $0.23 in the same year-ago period.

Hawaiian Electric reported full-year 2025 core operating earnings per share of $0.86, down from $0.98 in 2024.

Hawaiian Electric Industries will derive nearly all of its income from its electric utility after selling a 90% stake in its American Savings Bank subsidiary for $405 million in late 2024.

Hawaiian Electric reported third-quarter core operating earnings per share of $0.19, down from $0.29 in the same year-ago quarter.

Hawaiian Electric Industries will derive nearly all of its income from its electric utility after selling a 90% stake in its American Savings Bank subsidiary for $405 million in late 2024.

Hawaiian Electric reported second-quarter core operating earnings per share of $0.20, down from $0.26 in the same year-ago quarter.

Hawaiian Electric reported first-quarter core operating earnings per share of $0.23, down from $0.26 in the same year-ago period.

Utilities have limited direct exposure to the tariffs announced by the Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

Hawaiian Electric Industries will derive nearly all of its income from its electric utility after selling a 90% stake in its American Savings Bank subsidiary for $405 million in late 2024.

Hawaiian Electric reported 2024 operating earnings per share of $0.98, down from $1.38 in 2023. Hawaiian reported a GAAP net loss of $10.42 per share 2024 after including wildfire-related expenses and asset impairments.

Hawaiian Electric Industries will derive nearly all of its income from its electric utility after agreeing to sell a 90% stake in its American Savings Bank subsidiary for $405 million in late 2024. This will bring its portfolio of businesses more in line with its peers.

We are maintaining our $9 fair value estimate for no-moat Hawaiian Electric Industries after the company reported third-quarter earnings. Our Extreme Uncertainty Rating remains unchanged.

We are maintaining our $9 fair value estimate for no-moat Hawaiian Electric Industries after the company reported second-quarter earnings. Our Extreme Uncertainty Rating remains unchanged.

Hawaiian Electric Industries derives approximately 75% of consolidated earnings from an electric utility and the remaining from Hawaii-based American Savings Bank, a business mix unique among its utility peers.

We are lowering our moat rating for Hawaiian Electric to none from narrow. The change resulted in a $1 cut to our fair value estimate. Hawaiian Electric Industries' Extreme Uncertainty Rating remains unchanged.

Hawaiian Electric Industries derives approximately 75% of consolidated earnings from an electric utility and the remaining from Hawaii-based American Savings Bank, a business mix unique among its utility peers.

We are maintaining our $10 per share fair value estimate after Hawaiian Electric Industries reported full-year operating earnings of $0.45 per share compared with $0.50 in 2023. Hawaiian Electric suspended its dividend last year.

Hawaiian Electric Industries derives approximately three fourths of consolidated earnings from an electric utility and the remaining from Hawaii-based American Savings Bank, a business mix unique among its utility peers.