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Hawaiian Electric (HE)
NYSE:HE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.45Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: 1.77%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements such as strong liquidity, progress in renewable energy, and advancements in the Maui wildfire settlement, but also noted substantial financial losses and challenges, including the impact of increased operational expenses.Company Guidance
During the fourth quarter 2024 Hawaiian Electric Industries, Inc. earnings call, significant guidance was provided on various metrics. The company highlighted its robust financial maneuvers, including a successful equity offering in September that raised $558 million in net proceeds, and the establishment of a $250 million ATM program and a $250 million accounts receivable-backed credit facility, culminating in the strongest liquidity position in the company’s history by the end of 2024. Hawaiian Electric also discussed the completion of the strategic sale of 90.1% of American Savings Bank for $405 million, enhancing their focus on core utility operations and reducing holding company debt. The utility achieved a 36% renewable portfolio standard in 2024, up from 33% in 2023, with a goal to reach 40% by 2030, while also reducing customer rates by 7%. The company invested approximately $120 million in 2024 for wildfire safety improvements and filed an updated wildfire safety strategy, estimating costs of about $450 million over three years. Financial results for 2024 included a loss from continuing operations of $1.3 billion, impacted by $1.9 billion in wildfire settlement accruals, with a core net income of $124 million excluding certain expenses. The call also addressed the favorable Hawaii Supreme Court decision regarding wildfire litigation, which is expected to aid in finalizing the settlement and restoring financial stability.Strong Liquidity Position
The company ended 2024 with the strongest liquidity position in its history, including a successful equity offering in September resulting in $558 million in net proceeds and a $250 million ATM program.
Renewable Energy Milestone
Achieved a 36% renewable portfolio standard in 2024, up from 33% in 2023, keeping Hawaiian Electric on track to reach a 40% RPS by 2030.
Maui Wildfire Settlement Progress
Final settlement agreements in the Maui wildfire tort litigation were signed, providing an accelerated path to recovery for those impacted by the fires and enhancing clarity for the company's future.
Supreme Court Decision
The Hawaii Supreme Court issued a unanimous decision in favor of Hawaiian Electric, aligning with the company's position on key questions from insurers' challenges to the settlement.
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HE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2025 | $10.76 | $11.00 | +2.23% |
| Nov 08, 2024 | $10.64 | $9.97 | -6.30% |
| Aug 09, 2024 | $15.50 | $13.26 | -14.45% |
| May 10, 2024 | $9.99 | $10.99 | +10.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hawaiian Electric (HE) report earnings?
Hawaiian Electric (HE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Hawaiian Electric (HE) earnings time?
Hawaiian Electric (HE) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HE EPS forecast?
HE EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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