Hawaiian Electric Industries reports Q4 net income $40 mln

Reuters02-28
Hawaiian Electric Industries reports Q4 net income $40 mln

Overview

  • Hawaii utility firm reported Q4 net income of $40 mln, reversing a loss last year

  • Core operations performed well, focusing on renewable energy and wildfire safety

  • Company maintained stable residential bills, offering $1 mln in payment assistance

Outlook

  • Company aims to reach 40% renewable portfolio standard by 2030

Result Drivers

  • WILDFIRE SAFETY STRATEGY - Regulators approved utility's enhanced wildfire safety strategy, focusing on technology deployment and infrastructure fortification

  • RENEWABLE ENERGY PROGRESS - Utility achieved a 37% renewable portfolio standard in 2025, advancing towards 2030's 40% target

  • FINANCIAL STABILITY - Strong balance sheet and liquidity position support long-term community investments

Company press release: ID:nBwQzDyHa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$805.82 mln

Q4 EPS

$0.23

Q4 Net Income

$39.62 mln

Analyst Coverage

  • The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the electric utilities peer group is "hold."

  • Wall Street's median 12-month price target for Hawaiian Electric Industries Inc is $12.75, about 17.7% below its February 26 closing price of $15.50

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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