Last10K.com

Hawaiian Electric Co Inc (HAWEL) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Hawaiian Electric Co Inc

CIK: 46207 Ticker: HAWEL


HEI Exhibit 99
heicatalyst2a15.jpg NEWS RELEASE
August 3, 2018

Contact:
Julie R. Smolinski
Telephone: (808) 543-7300
 
Manager, Investor Relations
           E-mail: ir@hei.com
 
 
 
 
 
 
HEI REPORTS SECOND QUARTER 2018 EARNINGS

2Q2018 Diluted Earnings Per Share (EPS) of $0.42
Schofield MPIR Approved as Utility Advances Renewable Strategy
Another Record Quarter of Bank Earnings

HONOLULU - Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported consolidated net income for common stock for the second quarter of 2018 of $46.1 million and diluted earnings per share (EPS) of $0.42 compared to $38.7 million and EPS of $0.36 for the second quarter of 2017.
“HEI delivered solid results for the second quarter of 2018 as we continue to make significant progress on our strategies across our companies,” said Constance H. Lau, president and CEO of HEI.
“In the second quarter our utilities continued to pave the way to add more renewables while increasing resilience, reliability and customer options. We brought our state-of-the-art, flexible, Schofield Generating Station online in June, under budget. The facility uses biofuels and conventional fuels, enhances reliability as we add more solar and wind resources and is the first project approved for recovery under the Major Projects Interim Recovery (MPIR) mechanism. In addition, we applied to implement the first phase of our grid modernization plan to make our grid more renewable-ready and provide greater customer options. Our utilities are receiving national attention for their efforts and were named Investor-Owned Utility of the Year by Smart Electric Power Alliance for their grid modernization work and innovation.”
“Our bank again delivered solid performance, with increased profitability and its second consecutive quarter of record earnings. American continues to execute well and benefit from the bottom line impacts of tax reform, and remains focused on making banking easier for customers and deepening customer relationships,” said Lau.





The following information was filed by Hawaiian Electric Co Inc (HAWEL) on Friday, August 3, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Hawaiian Electric Co Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Hawaiian Electric Co Inc.

Continue

Assess how Hawaiian Electric Co Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Hawaiian Electric Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Shareholders' Equity And Common Stock Equity (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Income (Unaudited)
Bank Segment
Bank Segment - Allowance For Loan Losses (Details)
Bank Segment - Balance Sheet Data (Details)
Bank Segment - Components Of Investment Securities (Details)
Bank Segment - Contingencies (Details)
Bank Segment - Contractual Maturities Of Securities (Details)
Bank Segment - Credit Risk Profile - Assigned Grades (Details)
Bank Segment - Credit Risk Profile - Payment Activity (Details)
Bank Segment - Credit Risk Profile - Summary (Details)
Bank Segment - Derivatives (Details)
Bank Segment - Income Statement Data (Details)
Bank Segment - Loan Modifications (Details)
Bank Segment - Loans Receivable (Details)
Bank Segment - Mortgage Servicing Rights (Details)
Bank Segment - Principal Balance Of Impaired Loans (Details)
Bank Segment - Repurchase Agreements (Details)
Bank Segment - Troubled Debt Restructuring - Narrative (Details)
Bank Segment - Troubled Debt Restructuring That Subsequently Defaulted (Details)
Bank Segment (Tables)
Bank Segment - Available-For-Sale Securities, Narrative (Details)
Bank Segment - Comprehensive Income Data (Details)
Bank Segment - Reconciliation Of Income (Details)
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Basis Of Presentation (Tables)
Cash Flows
Cash Flows (Details)
Cash Flows (Tables)
Credit Agreements And Long-Term Debt
Credit Agreements And Long-Term Debt (Details)
Credit Agreements And Long-Term Debt (Tables)
Electric Utility Segment
Electric Utility Segment (Tables)
Electric Utility Segment - Annual Decoupling Filings Summary (Details)
Electric Utility Segment - Commitments And Contingencies (Details)
Electric Utility Segment - Condensed Consolidating Balance Sheet (Details)
Electric Utility Segment - Condensed Consolidating Statement Of Cash Flows (Details)
Electric Utility Segment - Condensed Consolidating Statement Of Changes In Common Stock Equity (Details)
Electric Utility Segment - Condensed Consolidating Statement Of Comprehensive Income (Loss) (Details)
Electric Utility Segment - Condensed Consolidating Statement Of Income (Details)
Electric Utility Segment - Power Purchase Agreements (Details)
Electric Utility Segment - Taxes (Details)
Electric Utility Segment - Unconsolidated Variable Interest Entities (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Assets And Liabilities Measured On A Recurring Basis (Details)
Fair Value Measurements - Assets Measured On A Nonrecurring Basis (Details)
Fair Value Measurements - Summary Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Summary Of Level 3 Financial Instruments (Details)
Income Taxes
Retirement Benefits
Retirement Benefits (Details)
Retirement Benefits (Tables)
Revenues
Revenues (Details)
Revenues (Tables)
Segment Financial Information
Segment Financial Information (Details)
Segment Financial Information (Tables)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - 2011 Director Plan (Details)
Share-Based Compensation - Fair Value Assumptions (Details)
Share-Based Compensation - Narrative (Details)
Share-Based Compensation - Summary Of Changes In Share Based Compensation (Details)
Share-Based Compensation - Summary Of Income Taxes (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Accumulated Other Comprehensive Income (Details)
Shareholders' Equity - Reclassification Out Of Aoci (Details)
Ticker: HAWEL
CIK: 46207
Form Type: 10-Q Quarterly Report
Accession Number: 0000354707-18-000058
Submitted to the SEC: Fri Aug 03 2018 6:19:17 AM EST
Accepted by the SEC: Fri Aug 03 2018
Period: Saturday, June 30, 2018
Industry: Electric Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/hawel/0000354707-18-000058.htm