Hawaiian Electric Industries (HE) Misses Q3 EPS by 2c, Revenues Beat

Hawaiian Electric Industries (NYSE: HE) reported Q3 EPS of $0.60, $0.02 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $768.05 million versus the consensus estimate of $709.35 million.

"We are pleased to report solid third quarter results from both our utility and bank and are excited about the progress we're making on our strategies across the company," said Constance H. Lau, president and CEO of HEI.

"Our utilities are quickly advancing Hawaii\'s clean energy transition now that key foundational frameworks are in place, including for 100% renewable power and grid modernization. For example, we\'re negotiating contracts for seven solar-plus-storage projects across our three utilities to add 260 megawatts of solar and more than a gigawatt-hour of storage in the state's largest-ever renewable energy procurement. As we advance toward 100% clean energy, we're focused on ensuring we all move forward together, and that all customers have access to affordable, reliable renewable energy."

For earnings history and earnings-related data on Hawaiian Electric Industries (HE) click here.

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