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Revenues
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:
Three months ended March 31, 2024
(in thousands) Electric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential$241,522 $— $— $241,522 
Electric energy sales - commercial241,768 — — 241,768 
Electric energy sales - large light and power271,087 — — 271,087 
Electric energy sales - other 4,946 — — 4,946 
Bank fees— 12,515 — 12,515 
Other sales— — 3,306 3,306 
Total revenues from contracts with customers759,323 12,515 3,306 775,144 
Revenues from other sources
Regulatory revenue21,190 — — 21,190 
Bank interest and dividend income— 87,935 — 87,935 
Other bank noninterest income— 4,694 — 4,694 
Other8,065 — 130 8,195 
Total revenues from other sources29,255 92,629 130 122,014 
Total revenues$788,578 $105,144 $3,436 $897,158 
Timing of revenue recognition
Services/goods transferred at a point in time$— $12,515 $— $12,515 
Services/goods transferred over time759,323 — 3,306 762,629 
Total revenues from contracts with customers$759,323 $12,515 $3,306 $775,144 
Three months ended March 31, 2023
(in thousands) Electric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$255,550 $— $— $255,550 
Electric energy sales - commercial
254,470 — — 254,470 
Electric energy sales - large light and power
290,978 — — 290,978 
Electric energy sales - other5,457 — — 5,457 
Bank fees— 12,022 — 12,022 
Other sales— — 3,907 3,907 
Total revenues from contracts with customers806,455 12,022 3,907 822,384 
Revenues from other sources
Regulatory revenue15,604 — — 15,604 
Bank interest and dividend income
— 79,479 — 79,479 
Other bank noninterest income— 2,356 — 2,356 
Other8,302 — 112 8,414 
Total revenues from other sources23,906 81,835 112 105,853 
Total revenues$830,361 $93,857 $4,019 $928,237 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $12,022 $— $12,022 
Services/goods transferred over time
806,455 — 3,907 810,362 
Total revenues from contracts with customers$806,455 $12,022 $3,907 $822,384 
There are no material contract assets or liabilities associated with revenues from contracts with customers existing at December 31, 2023 or as of March 31, 2024. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets.
As of March 31, 2024, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.