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Hawaii’s largest electrical utility is maintaining financial stability in the face of still-growing legal claims and recovery expenses from the Aug. 8 Maui wildfire disaster. Hawaiian Electric on Tuesday reported fourth-quarter and full-year net income in 2023 topping figures in 2022, which helped its parent company achieve strong but reduced profit in the same comparable periods.
Utility industry news and analysis for energy professionals.
Hawaiian Electric Industries, Inc. (NYSE:HE) Q4 2023 Earnings Call Transcript February 13, 2024 Hawaiian Electric Industries, Inc. misses on earnings expectations. Reported EPS is $0.48 EPS, expectations were $0.49. Hawaiian Electric Industries, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). […]
The company spent $138.4 million on wildfire-related expenses in 2023, including $34.9 million in legal fees.
Hawaii’s largest electrical utility is maintaining financial stability in the face of still-growing legal claims and recovery expenses from the Aug. 8 Maui wildfire disaster.