Hawaiian Electric Industries, Inc.
Description
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. The Bank segment operates a federally chartered savings bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
About
CEO
Mr. Scott W. H. Seu
Employees
3,597
Instrument type
Common Stock
Sector
Utilities
Industry
Utilities - Regulated Electric
MIC code
XNYS
Address
1001 Bishop Street, Honolulu, HI 96813, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 8, 2025 | — | — | — | — |
| Feb 22, 2025 | 0.31 | — | — | — |
| Nov 9, 2024 | 0.53 | 0.46 | -0.07 | -13.21% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 4 |
| Average estimate | — | 0.25 | — | 1.01 |
| Low estimate | — | 0.25 | — | 0.90 |
| High estimate | — | 0.25 | — | 1.12 |
| Last year EPS | — | 0.38 | — | 1.75 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-26.390%
Next qtr. (Mar 2025)
-34.210%
Current year
-14.220%
Next year (Dec 2025)
-42.290%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.68B | 3.74B | 2.85B | 2.58B | 2.87B |
| Cost of revenue | 3.33B | 3.36B | 2.46B | 2.27B | 2.53B |
| Gross profit | 352.60M | 381.07M | 386.07M | 311.49M | 348.02M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | -4.77M | -4.41M | -5.85M | 3.21M | 2.81M |
| Other operating expenses | -15.16M | -10.57M | -9.53M | -8.77M | -11.99M |
| Operating income | 352.60M | 381.07M | 386.07M | 311.49M | 348.02M |
| Non operating interest income | |||||
| Income | 9.11M | — | — | — | — |
| Expense | 120.33M | 99.99M | 91.11M | 85.70M | 86.45M |
| Other income expense | 4.32M | 23.11M | 15.91M | 14.83M | 9.83M |
| Pretax income | 245.70M | 304.20M | 310.86M | 240.62M | 271.41M |
| Tax provision | 44.57M | 61.17M | 62.81M | 40.91M | 51.64M |
| Net income | 201.13M | 243.03M | 248.06M | 199.71M | 219.77M |
| Basic EPS | 1.82 | 2.20 | 2.25 | 1.81 | 2.00 |
| Diluted EPS | 1.81 | 2.20 | 2.25 | 1.81 | 1.99 |
| Basic average shares | 109.74M | 109.43M | 109.28M | 109.14M | 108.95M |
| Diluted average shares | 109.74M | 109.43M | 109.28M | 109.14M | 108.95M |
| EBITDA | 636.67M | 646.23M | 643.12M | 599.06M | 623.33M |
| Net income from continuing op. | 195.95M | 190.92M | 179.64M | 199.71M | 219.77M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 17.24B | 16.28B | 15.82B | 15.00B | 13.75B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 679.55M | 199.88M | 305.55M | 341.42M | 196.81M |
| Other short term investments | 1.14B | 1.43B | 2.57B | 1.97B | 1.23B |
| Accounts receivable | 575.18M | 511.90M | 344.21M | 281.22M | 300.79M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | 15.03M | 5.05M | 5.91M | 17.56M | 30.87M |
| Assets held for sale | 15.17M | 824,000 | 10.40M | 28.28M | 12.29M |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 9.24B | 8.70B | 8.31B | 8.11B | 7.84B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 322.11M | 293.05M | 231.50M | 214.27M | 229.95M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -3.32B | -3.19B | -3.03B | -2.90B | -2.77B |
| Goodwill | 164.38M | 164.38M | 164.38M | 164.38M | 164.38M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 1.22B | 1.28B | 3.11B | 235.63M | 147.89M |
| Other non current assets | 877.96M | 824.54M | 747.47M | 629.15M | 649.89M |
| Total liabilities | 14.90B | 14.08B | 13.43B | 12.67B | 11.46B |
| Current liabilities | |||||
| Accounts payable | 247.46M | 251.46M | 205.54M | 182.35M | 220.63M |
| Accrued expenses | 51.21M | 21.33M | 19.89M | 23.55M | 24.94M |
| Short term debt | — | 172.57M | 54.00M | 129.38M | 185.71M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 4.04B | 3.26B | 2.55B | 2.37B | 2.28B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 297.95M | 262.46M | 384.76M | 395.09M | 379.32M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 9.00B | 8.96B | 8.84B | 8.01B | 6.86B |
| Shareholders equity | |||||
| Common stock | 1.71B | 1.69B | 1.69B | 1.68B | 1.68B |
| Retained earnings | 926.72M | 845.83M | 757.92M | 660.40M | 622.04M |
| Other shareholders equity | -289.35M | -336.03M | -52.53M | -1.26M | -20.04M |
| Total shareholders equity | 2.34B | 2.20B | 2.39B | 2.34B | 2.28B |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 195.95M | 190.92M | 179.64M | 199.71M | 219.77M | 203.66M | 167.19M | 250.15M | 161.77M | 170.02M | 163.60M | 140.55M | 140.12M | 115.43M | 84.90M | 92.17M | 84.78M | 108.00M | 126.69M | 107.74M | 118.05M | 118.22M | 89.38M | 88.37M | 96.90M | 84.80M | 86.40M | 78.70M | 77.50M | 73.00M |
| Depreciation | 270.20M | 260.74M | 251.21M | 290.78M | 278.11M | 255.63M | 222.00M | 204.75M | 195.59M | 183.04M | 167.39M | 158.35M | 167.47M | 159.13M | 156.67M | 156.06M | 147.88M | 141.18M | 142.16M | 141.53M | 150.40M | 140.99M | 113.45M | 107.33M | 123.00M | 112.80M | — | — | — | — |
| Deferred Taxes | 1.44M | -41.42M | -3.83M | -1.71M | -15.09M | -9.37M | 37.84M | 47.12M | 41.43M | 104.23M | 80.15M | 90.85M | 79.44M | 97.79M | 12.79M | 5.13M | -34.62M | -12.95M | 43,000 | 12.35M | 2.84M | 35.20M | 8.56M | 5.96M | -4.90M | -3.80M | 200,000 | 6.10M | 12.70M | 9.20M |
| Stock-Based Compensation | — | 10.37M | 9.14M | 5.81M | 9.99M | 7.79M | 5.40M | 4.79M | 6.54M | 9.29M | 7.78M | 6.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -26.03M | -21.71M | -16.77M | -28.01M | -6.29M | -10.25M | -2.96M | -21.45M | 1.76M | -7.78M | 19.19M | -13.63M | 312,000 | 25.86M | -456.07M | 8.71M | 18.05M | 4.78M | — | — | — | -24.27M | -19.73M | -9.51M | 123.00M | 112.80M | 105.40M | 94.80M | 84.70M | 71.50M |
| Accounts Receivable | -68.05M | -145.77M | -77.55M | 2.53M | 23.93M | -66.53M | -12.88M | -898,000 | 62.30M | 33.09M | 16.04M | -18.50M | -77.33M | -25.88M | 59.55M | -6.22M | -45.81M | 834,000 | -40.94M | -20.82M | -11.39M | -12.20M | 20.85M | -33.22M | 1.60M | 2.00M | -2.40M | -8.40M | -11.70M | -13.60M |
| Accounts Payable | 20.45M | 22.36M | 17.67M | -33.13M | — | — | — | — | — | — | — | — | — | -25.88M | 59.55M | -18.72M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 72.25M | 56.77M | -79.42M | -61.18M | -6.98M | 82.09M | -41.15M | 5.68M | -72.17M | -108.03M | -103.80M | -143.70M | -49.40M | -74.96M | -65.79M | 20.33M | 19.08M | 62.03M | -37.59M | 1.98M | -15.74M | -38.42M | 5.73M | 43.84M | -25.00M | 56.70M | -21.70M | -14.20M | 51.80M | 14.20M |
| Operating Cash Flow | 466.21M | 332.27M | 280.09M | 374.81M | 503.46M | 463.04M | 375.44M | 490.13M | 397.23M | 383.86M | 350.34M | 220.62M | 260.62M | 271.49M | -148.40M | 257.47M | 189.36M | 303.88M | 190.36M | 242.77M | 244.16M | 219.52M | 218.24M | 202.76M | 314.60M | 365.30M | 167.90M | 157.00M | 215.00M | 154.30M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | 23.53M | 22.56M | 14.17M | -471.95M | -218.30M | -210.53M | -223.05M | -213.04M | -155.16M | -128.08M | -115.54M | -130.09M | -134.40M | -166.70M | -147.30M | -205.60M | -194.60M | -200.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -25.71M | — | — | — | — | -76.32M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 12.01M | — | -87.50M | — | — | — | — | — | — |
| Purchase of Investments | — | -540.79M | -1.86B | -1.55B | -223.76M | -370.31M | -593.27M | -541.73M | -430.86M | -183.78M | -112.65M | -243.63M | -361.88M | -714.55M | -297.86M | -92.24M | -402.07M | -343.93M | -790.64M | -2.34B | -3.62B | -1.61B | — | -433.17M | -847.70M | -722.10M | -864.20M | -208.90M | -240.40M | -421.60M |
| Sale of Investments | — | 528.99M | 865.95M | 734.51M | 405.42M | 252.69M | 224.61M | 243.50M | 213.49M | 193.82M | 233.40M | 196.54M | 422.71M | 465.44M | 1.03B | 1.92B | 689.11M | 603.83M | 789.75M | 1.97B | 3.44B | 1.26B | — | 324.17M | 565.20M | 792.10M | 272.70M | 309.40M | 223.30M | 188.00M |
| Investing Cash Flow | 6.18M | -32.13M | -991.39M | -1.04B | -105.25M | -285.76M | -384.85M | -409.02M | -350.53M | -230.84M | -217.96M | -112.06M | -76.16M | -80.02M | 746.39M | 1.36B | -222.13M | -140.68M | -201.95M | -540.38M | -325.22M | -601.27M | -104.58M | -317.97M | -427.60M | -233.20M | -210.10M | -407.90M | -481.50M | -712.70M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 350.00M | 60.00M | 115.00M | 446.00M | 289.35M | 415.88M | 873.99M | 819.51M | 531.84M | 506.54M | 558.56M | 621.88M | 219.66M | — | 153.19M | 2.61B | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -191.10M | -52.67M | -50.00M | -455.63M | -337.29M | -172.89M | -603.53M | -450.97M | -65.91M | -186.40M | -296.00M | -380.50M | -165.00M | -83.39M | -699.06M | -3.82B | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -843,000 | -364,000 | -941,000 | 1.11B | 110.22M | -2.60M | -10.18M | -43.82M | 37.09M | -9.64M | -2.18M | -39.88M | 10.20M | -62.58M | -128.32M | -202.21M | 72.47M | 20.97M | -5.02M | 265.15M | 369.27M | 77.97M | -8.92M | -5.29M | -249.30M | 85.40M | -10.40M | -14.90M | 375.30M | 154.40M |
| Financing Cash Flow | -60.90M | -19.86M | -45.24M | 902.88M | 37.72M | 131.08M | 303.29M | 115.72M | 457.89M | 222.54M | 236.99M | 141.90M | 16.04M | -235.25M | -1.10B | -1.46B | 12.05M | -74.23M | -101.56M | 281.31M | 323.98M | 37.01M | -46.31M | -76.84M | -388.80M | 48.90M | 97.60M | -53.20M | 342.10M | 118.40M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 106.08M | 39.24M | 52.17M | 341.42M | 196.81M | 169.21M | 261.88M | 278.45M | 300.48M | 175.54M | 220.04M | 219.66M | 270.27M | 330.65M | 503.92M | 183.44M | 209.86M | 257.30M | 208.95M | 173.63M | 279.99M | 244.53M | 1.86M | 1.53M | 199.90M | 412.30M | 254.40M | 97.40M | 130.80M | 87.60M |
| Income Tax Paid | — | — | — | — | — | — | 55.00M | 55.00M | 75.00M | 47.00M | 18.00M | 17.00M | — | 6.00M | — | 91.00M | 39.00M | 69.00M | 45.00M | 42.00M | 53.00M | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | 83.00M | 84.00M | 83.00M | 84.00M | 85.00M | 84.00M | 97.00M | 95.00M | — | 182.00M | 233.00M | 214.00M | 192.00M | 185.00M | 196.00M | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 35.59M | -1.53M | -18.87M | 45.51M | 54.95M | -7.46M | -10.01M | 165.62M | -6.95M | -39.41M | -27.87M | -91.78M | 15.25M | 158.59M | -20.29M | -511.50M | -956,000 | 83.05M | -8.09M | 31.93M | 75.08M | 115.60M | 83.21M | 39.36M | 79.30M | 63.90M | -3.90M | -47.20M | 18.00M | -70.20M |
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Hawaiian Electric Industries to Announce Fourth Quarter and Full Year 2024 Results February 21
HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries to Announce Fourth Quarter and Full Year 2024 Results February 21.
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Hawaiian Electric Agrees to Sell Bank Unit After Wildfire Settlement
The deal could help the company as it resolves a nearly $2 billion settlement related to the Maui wildfires.
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