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Hawaiian Electric Industries Inc's Business Segments
Hawaiian Electric Industries Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
3
Largest Segment
Electric utility
Total Revenue
$ 940
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Electric utility99.7%
- Corporate and Unallocated0.3%
- Other Operating0.3%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Electric utility | $ 937 | 99.7% |
| Corporate and Unallocated | $ 3 | 0.3% |
| Other Operating | $ 3 | 0.3% |
Revenue by Product & Service Category - Q2 FY2026
- Electric Energy Sales, Large Light and Power36.4%
- Electric Energy Sales, Commercial30.7%
- Electric Energy Sales, Residential30.5%
- Product and Service, Other1%
- Electric Energy Sales, Other0.5%
- Regulatory revenue0.5%
- Other sales0.3%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Electric Energy Sales, Large Light and Power | $ 342 | 36.4% |
| Electric Energy Sales, Commercial | $ 289 | 30.7% |
| Electric Energy Sales, Residential | $ 287 | 30.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc. (HEI) is a public utility holding company headquartered in Honolulu, Hawaii. The company operates through two subsidiaries: Hawaiian Electric Company, Inc. (HECO) and American Savings Bank, FSB (ASB). HECO is the largest utility company in Hawaii, where it generates and distributes electricity to over 95% of the population. ASB is the third largest bank in Hawaii, with over 50 branches across the state.
HEI was founded in 1891, and has a long history of providing reliable and affordable energy services to the people of Hawaii. The company has developed a diversified fuel mix, consisting of renewable and non-renewable sources, to ensure energy security for the state. HECO operates a mix of power plants, including coal, oil, natural gas, and renewable energy sources such as wind, solar, hydro, and geothermal. In 2020, HECO generated over 3,600 gigawatt-hours (GWh) of electricity from renewable sources, which is equivalent to 33% of its total electricity generated.
HEI has also implemented various programs to promote energy efficiency and conservation among its customers. These programs include rebates for energy-efficient appliances, lighting, and HVAC systems, as well as demand response programs that incentivize customers to reduce their energy usage during times of peak demand.
Aside from its energy business, HEI has a strong presence in the financial industry through its subsidiary, ASB. The bank offers a range of financial products and services, including personal and business banking, home loans, and investment services. ASB has been recognized for its commitment to the community, supporting various nonprofit organizations and initiatives in Hawaii.
Overall, Hawaiian Electric Industries, Inc. is a vital part of Hawaii’s economy, providing essential energy and financial services to the people of the state. The company has demonstrated a commitment to sustainability and community development, and continues to evolve in response to changing energy and financial trends.
HEI was founded in 1891, and has a long history of providing reliable and affordable energy services to the people of Hawaii. The company has developed a diversified fuel mix, consisting of renewable and non-renewable sources, to ensure energy security for the state. HECO operates a mix of power plants, including coal, oil, natural gas, and renewable energy sources such as wind, solar, hydro, and geothermal. In 2020, HECO generated over 3,600 gigawatt-hours (GWh) of electricity from renewable sources, which is equivalent to 33% of its total electricity generated.
HEI has also implemented various programs to promote energy efficiency and conservation among its customers. These programs include rebates for energy-efficient appliances, lighting, and HVAC systems, as well as demand response programs that incentivize customers to reduce their energy usage during times of peak demand.
Aside from its energy business, HEI has a strong presence in the financial industry through its subsidiary, ASB. The bank offers a range of financial products and services, including personal and business banking, home loans, and investment services. ASB has been recognized for its commitment to the community, supporting various nonprofit organizations and initiatives in Hawaii.
Overall, Hawaiian Electric Industries, Inc. is a vital part of Hawaii’s economy, providing essential energy and financial services to the people of the state. The company has demonstrated a commitment to sustainability and community development, and continues to evolve in response to changing energy and financial trends.
Hawaiian Electric Industries Inc. (HEI) serves as a holding company for several key utilities in Hawaii, including Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. Collectively, these entities provide electric service to over 95% of Hawaiis population.
Segments
HEI operates across three primary segments, each contributing to the companys overall mission of providing sustainable energy solutions and essential banking services:
1. Electric Utility
- Overview: This segment encompasses the comprehensive activities of producing, purchasing, and distributing electricity to residential and commercial consumers across Hawaii. The utility segments operations include managing a diverse energy portfolio and pursuing innovative energy solutions.
- Renewable Energy Commitment: HEI is increasingly investing in renewable sources of energy such as solar, wind, and geothermal. The company has set ambitious goals, such as achieving 100% renewable energy by 2045.
- Energy Efficiency Programs: In addition to traditional power supply, HEI develops and implements energy efficiency programs to help customers reduce their overall consumption. These programs include incentives for adopting energy-efficient appliances and technologies.
- Solar Initiatives: HEI supports the installation of solar panels for both residential and commercial properties, fostering greater self-sufficiency in energy use.
2. Bank
- Overview: The Bank segment primarily comprises American Savings Bank, which serves as a full-service banking institution providing a broad spectrum of banking and financial services to residents and businesses in Hawaii and the Pacific Islands.
- Products and Services: American Savings Bank offers checking and savings accounts, business loans, mortgages, credit cards, and investment opportunities. The bank is integral to the local economic environment, aiming to meet the financial needs of its customers while contributing to community growth.
3. Other
- Overview: This segment includes various investments in unconsolidated affiliates, joint ventures, and ancillary business activities. These ventures allow HEI to diversify its portfolio and engage in strategic partnerships that can enhance its core operations.
- Business Activities: In addition to energy utilities and banking, this segment might also encompass leasing subsidiaries and other investments, enhancing overall revenue sources for HEI.
Products
HEI provides a variety of products designed to meet the diverse needs of its customer base, including:
1. Electricity
- The primary product delivered by HEI is electricity, supplied to residential, commercial, and industrial customers. The energy mix includes traditional fossil fuels and a growing share of renewable energy sources, helping to transition Hawaii towards a more sustainable energy future.
2. Solar Panels
- Through its subsidiary, Hawaii Energy Connection, HEI facilitates the installation of solar panels for residential and commercial clients. This initiative promotes renewable energy adoption and helps customers reduce reliance on conventional energy sources.
3. Energy-efficient Products
- The Energy Solutions program supports energy conservation by promoting energy-efficient products. This includes rebates and incentives to encourage customers to upgrade to energy-efficient appliances, high-efficiency HVAC systems, advanced lighting technologies, and more.
4. Banking Products
- American Savings Bank provides a complete range of banking products, including:
- Checking Accounts: Offering various types of checking accounts to meet consumer and business needs.
- Savings Accounts: Savings options designed to help customers grow their funds over time.
- Loans: Personal and business loans, mortgages, and lines of credit.
- Investment Services: Wealth management and investment products catering to individual and commercial clients.
Services
HEI offers an extensive array of services that enhance customer experience and promote sustainable practices:
1. Electric Service
- HEI delivers electric service to more than 450,000 customers across five islands. The company emphasizes reliability and quality in its service delivery.
2. Energy Efficiency Services
- HEIs energy efficiency programs include consultations and assessments to help customers find ways to lower their energy consumption and costs. Guidance is also provided on available incentives for energy-saving upgrades.
3. Renewable Energy Development
- The commitment to renewable energy is a core aspect of HEIs operations. The company actively pursues projects that expand the use of renewable sources, guaranteeing cleaner energy for future generations.
4. Banking Services
- American Savings Bank is dedicated to providing comprehensive banking services tailored to individual and business needs, ensuring easy access to credit, payment options, and financial planning resources.
5. Customer Support
- HEI is committed to delivering excellent customer service through multiple channels, including phone support, email communication, online chat, and in-person service at local offices. This also includes providing tools for bill payment, outage reporting, and energy-saving tips.
Overall, Hawaiian Electric Industries Inc. plays a crucial role in supporting Hawaiis energy infrastructure and financial services, focusing on sustainability, customer service, and community engagement.
Segments
HEI operates across three primary segments, each contributing to the companys overall mission of providing sustainable energy solutions and essential banking services:
1. Electric Utility
- Overview: This segment encompasses the comprehensive activities of producing, purchasing, and distributing electricity to residential and commercial consumers across Hawaii. The utility segments operations include managing a diverse energy portfolio and pursuing innovative energy solutions.
- Renewable Energy Commitment: HEI is increasingly investing in renewable sources of energy such as solar, wind, and geothermal. The company has set ambitious goals, such as achieving 100% renewable energy by 2045.
- Energy Efficiency Programs: In addition to traditional power supply, HEI develops and implements energy efficiency programs to help customers reduce their overall consumption. These programs include incentives for adopting energy-efficient appliances and technologies.
- Solar Initiatives: HEI supports the installation of solar panels for both residential and commercial properties, fostering greater self-sufficiency in energy use.
2. Bank
- Overview: The Bank segment primarily comprises American Savings Bank, which serves as a full-service banking institution providing a broad spectrum of banking and financial services to residents and businesses in Hawaii and the Pacific Islands.
- Products and Services: American Savings Bank offers checking and savings accounts, business loans, mortgages, credit cards, and investment opportunities. The bank is integral to the local economic environment, aiming to meet the financial needs of its customers while contributing to community growth.
3. Other
- Overview: This segment includes various investments in unconsolidated affiliates, joint ventures, and ancillary business activities. These ventures allow HEI to diversify its portfolio and engage in strategic partnerships that can enhance its core operations.
- Business Activities: In addition to energy utilities and banking, this segment might also encompass leasing subsidiaries and other investments, enhancing overall revenue sources for HEI.
Products
HEI provides a variety of products designed to meet the diverse needs of its customer base, including:
1. Electricity
- The primary product delivered by HEI is electricity, supplied to residential, commercial, and industrial customers. The energy mix includes traditional fossil fuels and a growing share of renewable energy sources, helping to transition Hawaii towards a more sustainable energy future.
2. Solar Panels
- Through its subsidiary, Hawaii Energy Connection, HEI facilitates the installation of solar panels for residential and commercial clients. This initiative promotes renewable energy adoption and helps customers reduce reliance on conventional energy sources.
3. Energy-efficient Products
- The Energy Solutions program supports energy conservation by promoting energy-efficient products. This includes rebates and incentives to encourage customers to upgrade to energy-efficient appliances, high-efficiency HVAC systems, advanced lighting technologies, and more.
4. Banking Products
- American Savings Bank provides a complete range of banking products, including:
- Checking Accounts: Offering various types of checking accounts to meet consumer and business needs.
- Savings Accounts: Savings options designed to help customers grow their funds over time.
- Loans: Personal and business loans, mortgages, and lines of credit.
- Investment Services: Wealth management and investment products catering to individual and commercial clients.
Services
HEI offers an extensive array of services that enhance customer experience and promote sustainable practices:
1. Electric Service
- HEI delivers electric service to more than 450,000 customers across five islands. The company emphasizes reliability and quality in its service delivery.
2. Energy Efficiency Services
- HEIs energy efficiency programs include consultations and assessments to help customers find ways to lower their energy consumption and costs. Guidance is also provided on available incentives for energy-saving upgrades.
3. Renewable Energy Development
- The commitment to renewable energy is a core aspect of HEIs operations. The company actively pursues projects that expand the use of renewable sources, guaranteeing cleaner energy for future generations.
4. Banking Services
- American Savings Bank is dedicated to providing comprehensive banking services tailored to individual and business needs, ensuring easy access to credit, payment options, and financial planning resources.
5. Customer Support
- HEI is committed to delivering excellent customer service through multiple channels, including phone support, email communication, online chat, and in-person service at local offices. This also includes providing tools for bill payment, outage reporting, and energy-saving tips.
Overall, Hawaiian Electric Industries Inc. plays a crucial role in supporting Hawaiis energy infrastructure and financial services, focusing on sustainability, customer service, and community engagement.