HEI Reports Second Quarter 2019 Earnings
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Hawaiian Electric Industries (HE) Misses Q2 EPS by 5c, Revenues Beat
August 2, 2019 6:04 AM EDTHawaiian Electric Industries (NYSE: HE) reported Q2 EPS of $0.39, $0.05 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $715.49 million versus the consensus estimate of $670.62 million.
Hawaiian Electric Company's1 net income for the second quarter of 2019 was $32.6 million compared to $31.2 million in the second quarter of 2018, primarily driven by the following after-tax items:
$6.5 million revenue increase resulting from rate increases and higher rate adjustment mechanism (RAM) revenues; the revenue increase included $3.6 million from Hawaiian Electric (Oahu), $2.4 million from Maui Electric (Maui County) and $0.5 million from Hawaii Electric Light (Hawaii... More