HEI Q3 EPS $0.37 vs $0.57 YoY; $27.6M pre-tax Maui wildfire-related costs

HAWAIIAN ELECTRIC INDUSTRIES INC

2023-Q3 EPS reported $1.37 revenue$2,725,795,000

Consolidated net income $41.1M ($0.37 diluted EPS) vs $62.1M ($0.57) in Q3 2022; core net income $61.5M ($0.56) excludes wildfire costs.
Hawaiian Electric net income $43.5M vs $49.8M; Q3 included $10M in incremental Maui windstorm and wildfire expenses, plus $7M other O&M.
ASB net income $11.4M vs $20.8M; $8.6M pre-tax wildfire costs including $5.9M additional credit reserves.
Holding and other companies net loss $13.7M vs $8.4M loss; $3.8M after-tax wildfire expenses.
Governor Green announced multi-phase initiative for Maui recovery; HEI supports and will work with state and community.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HAWAIIAN ELECTRIC INDUSTRIES INC reported third quarter of 2023 results: net income Core net income and core EPS 1 for the third quarter were $61.5 million, EPS core EPS 1 for the third quarter were ... $0.56.

Period: third quarter of 2023
Net income: Core net income and core EPS 1 for the third quarter were $61.5 million
EPS: core EPS 1 for the third quarter were ... $0.56
Result: reported results

Exact text from the filing

Core net income and core EPS 1 for the third quarter were $61.5 million and $0.56, respectively.

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Source: SEC EDGAR

accession 0000354707-23-000093

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