Hawaiian Electric Industries (NYSE: HE) reported Q4 EPS of $0.45, $0.02 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $761.65 million versus the consensus estimate of $570.26 million.

"We are making substantial progress across HEI, as demonstrated by our strong 2018 financial, operational and environmental results. We delivered solid earnings growth over the prior year, with particularly strong results from American Savings Bank. In light of our 2018 earnings and our future prospects, our Board of Directors yesterday approved a 3% dividend increase, enhancing our record of uninterrupted dividends since 1901," said Constance H. Lau, President and CEO of HEI.

"Our electric company generated 27% of its sales from renewable energy, despite the lava-related shutdown of a third-party owned geothermal plant in 2018, and invested more than $400 million to strengthen the resilience of our electric systems across the islands we serve. Hawaiian Electric continues to lead the nation in the efficient integration of renewable resources, and in 2018 we were again number one in the nation in rooftop solar adoption."

"American Savings Bank delivered record earnings in 2018, and finished the year with a very strong fourth quarter. The bank is well positioned to continue to grow in 2019 and achieve even greater efficiency as it brings its team together into its new, state-of-the-art campus and works continually to deliver value to customers, our consolidated company and shareholders," said Lau.

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