HAWAIIAN ELECTRIC INDUSTRIES INC (HE) Hawaiian Electric Industries, Inc. (HE) operates as a diversified holding company primarily focused on three key areas within the state of Hawaii: electric utility services, banking, and investments in renewable and sustainable infrastructure. The company's Electric Utility division is responsible for the generation, acquisition, transmission, distribution, and sale of electricity across several Hawaiian islands, including Oahu, Hawaii, Maui, Lanai, and Molokai. This segment utilizes and explores various clean energy sources, such as wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. Its customer base includes suburban communities, resort properties, United States armed forces installations, and agricultural operations. Through its Bank segment, the company runs a community financial institution that provides a full spectrum of banking and financial offerings to both consumers and businesses. These services include savings and checking accounts, along with a wide range of loans, encompassing residential and commercial real estate, mortgages, construction and development, multifamily residential and commercial real estate, consumer, and general commercial lending. This banking arm maintains a network of 42 branches throughout the islands: 29 on Oahu, 6 on Maui, 4 on Hawaii, 2 on Kauai, and 1 on Molokai. The "Other" segment is dedicated to strategic investments in non-regulated renewable energy and sustainable infrastructure projects exclusively within the Hawaiian Islands. Founded in 1891, Hawaiian Electric Industries Inc. maintains its corporate headquarters in Honolulu, Hawaii.
Sector: Electric Services
Industry: Regulated Electric
Hawaiian Electric Industries, Inc. NYSE:HE Utilities · Diversified Utilities
AH Close $8.41 +0.00% vs close
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All Press Release SEC Filings News
Press Release
Hawaiian Electric Industries to Announce Third Quarter 2026 Results November 6
Hawaiian Electric Industries will announce third quarter 2026 results on Friday, November 6, with a webcast and conference call at 11:30 a.m. Hawaii time (4:30 p.m. Eastern).
A replay will be available online and via phone through November 13, and presentation materials will be posted in the company's Investor Relations section.
This is a scheduling notice only — no financial results or guidance were included.
• 2d ago AI analysis › News
Hawaiian Electric Industries (NYSE:HE) Sets New 12-Month Low – Should You Sell?
defenseworld.net • 1mo ago Press Release ⚠ 3
HEI Begins Monetizing ASB Shares, Enabling Advance Funding of Maui Wildfire Settlement
Hawaiian Electric Industries (NYSE: HE) monetized 30% of its 9.9% stake in American Savings Bank on September 16, 2026, selling approximately 2.0 million shares in ASB's IPO for $29.5 million in net proceeds.
Underwriters hold a 30-day option on up to 293,904 additional shares that would add $4.4 million if fully exercised, and HEI's remaining 6.4% stake is valued near $73.5 million at ASB's $17.57 closing price on September 18, 2026 — locked up for 180 days.
Proceeds, together with potential future sales after the lockup, will reduce the capital raises HEI needs to fund its remaining Maui wildfire settlement payments, further strengthening liquidity per CEO Scott Seu.
ASB, once wholly owned by HEI, was 90.1% divested on December 31, 2024 and began NYSE trading following its September 16, 2026 IPO.
• 1mo ago AI analysis › Press Release ⚠ 1
Hawaiian Electric to Support Recovery Efforts on Kaua‘i
Hawaiian Electric, the utility subsidiary of Hawaiian Electric Industries (NYSE: HE), is shifting focus from hurricane restoration on Oʻahu and Hawaiʻi Island to support recovery efforts on Kauaʻi, which is served by a separate utility.
Power has been restored to nearly all Oʻahu customers hit by Hurricane Lowell — 1,060 restored with roughly 400 remaining, mostly in Makaha Valley and pockets of Honolulu and Windward areas, expected back later today; Hawaiʻi Island customers affected by Hurricane Lala were fully restored with help from Southern California Edison crews.
Chief Operations Officer Jim Alberts credited resilience investments and coordination with state and county agencies for the system holding up relatively well, and the company is deploying personnel, equipment and vehicles to Kauaʻi — its first large-scale assistance there since Hurricane Iniki in 1992.
• 1mo ago AI analysis › SEC Filing ⚠ 5
HE: 8-K · other
Hawaiian Electric Industries furnished a September 2026 investor presentation under Item 7.01 of an 8-K, for use with investors and analysts beginning on or after September 8, 2026.
The deck recaps 2Q 2026 results: GAAP net income of $123.2M ($0.71 per diluted share) including a $103.5M after-tax Maui wildfire-related benefit, and Core net income of $22.5M ($0.13 Core EPS) versus $0.20 Core EPS in 2Q 2025.
Management emphasized a credit-recovery narrative: a July S&P upgrade to BB- from B+ following an April Moody's upgrade, $1,339M of quarter-end liquidity, and a plan to fund the $1,990M Maui wildfire settlement with $479M annual payments from 2026 through 2029.
Growth and cost items include a pending $170M (5.3%) alternative rate rebasing revenue increase, $2.2-2.4Bn of planned 2026-2028 capex, the $1,155M Waiau repowering project, and $25-30M of Hurricane Lala and Kona Low storm O&M plus $30-40M of storm capex pending PUC recovery.
SEC 8-K • 1mo ago News
Hawaiian Electric: The Glory Days Are Over - Maintain Strong Sell
seekingalpha.com • 2mo ago News
Hawaiian Electric Industries Q2 Earnings Call Highlights
marketbeat.com • 2mo ago News
Hawaiian Electric Industries, Inc. (HE) Q2 2026 Earnings Call Transcript
seekingalpha.com • 2mo ago SEC Filing ● Major ⚠ 8
HE: 10-Q · periodic report
Hawaiian Electric Industries reported Q2 2026 diluted EPS of $0.71 versus $0.15 a year earlier, with net income of $123.2 million on revenues of $939.7 million. The surge was driven largely by a $154 million noncash benefit from remeasuring the remaining Maui wildfire settlement liability, which was reduced from $1.44 billion to $1.30 billion.
The company paid the first of four equal $479 million installments on April 10, 2026 toward its total $1.99 billion contribution to the global resolution of the Maui windstorm and wildfire claims. Remaining installments are due April 2027, 2028 and 2029, and roughly 80 opt-out plaintiffs are pursuing claims against a $500 million holdback the company believes will be sufficient.
Liquidity is the key watch item: cash fell to $238.7 million from $501.8 million at year-end, HEI's consolidated operating cash flow was negative $350.4 million for the first half, and the filing's risk language notes capital must be raised on reasonable terms to alleviate conditions that may cause substantial doubt about the company's ability to continue as a going concern. Q2 interest expense nearly doubled to $48.4 million from $27.3 million.
On the regulatory front, the PUC approved recovery of up to $350 million of 2025-2027 Wildfire Mitigation Plan costs and approved the Waiau repower project at $847 million plus an inflation adjustment now estimated at $908 million, with turbine contracts signed with GE Vernova. The utilities filed their re-basing application on July 17, 2026 seeking a $170 million revenue increase for the next rate period.
SEC 10-Q • 2mo ago AI analysis › SEC Filing ⚠ 7
HE: 8-K · earnings release
Hawaiian Electric Industries (NYSE: HE) reported second quarter 2026 GAAP net income of $123 million, or $0.71 per diluted share, up from $26 million, or $0.15, a year earlier. The jump was driven by a $101 million after-tax non-cash gain from remeasuring the remaining Maui wildfire settlement liability to present value after the settlement agreement was finalized in April, which lowered the liability from $1.44 billion to $1.30 billion.
Core net income, which excludes wildfire items and Pacific Current strategic review costs, fell to $22 million, or $0.13 per share, from $35 million, or $0.20, in Q2 2025, pressured by higher interest expense (including $18 million of settlement-related accretion) and higher O&M costs. The remeasurement benefit will be partially offset over time by future accretion expense as the liability grows back to the full settlement amount.
Regulatory and credit momentum was positive: the Hawaii PUC fully approved recovery of Wildfire Mitigation Plan costs that HEI plans to securitize, S&P upgraded the company's ratings, and Hawaiian Electric submitted one of its largest-ever energy solicitations in July, seeking nearly 1,650 GWh of variable renewable energy, 465 MW of grid-forming resources, and 111 MW of firm generating capacity.
Management guided that 2026 adjusted O&M excluding pension will significantly outpace inflation ahead of 2027 rate rebasing, with a maximum ~$3.7 million pre-tax penalty expected under the Fuel Cost Risk Sharing mechanism. Total Q2 revenues rose to $939.7 million from $746.4 million a year ago.
SEC 8-K • 2mo ago AI analysis › SEC Filing ⚠ 1
HE: 8-K · material agreement
Hawaiian Electric Company entered into a new Power Purchase Agreement with Kalaeloa Partners L.P. for 208 MW of firm capacity renewable dispatchable generation. The agreement has a term of 30 years following the commercial operation date and replaces the prior PPA expected to terminate in early 2033.
The new PPA reduces the fixed capacity charge to $93 per kilowatt-year compared to $100 under the previous agreement. It also establishes variable operations and maintenance charges of $0.004 per kilowatt-hour and fixed charges of $96 per kilowatt-year, escalating with the gross domestic product implicit price deflator.
The effectiveness of the agreement is subject to the satisfaction of certain conditions, primarily the issuance of an order approving the New PPA by the Public Utilities Commission of the State of Hawaii.
SEC 8-K • 2mo ago AI analysis › Press Release
Hawaiian Electric Seeks to Expand Renewables, Energy Storage on Oʻahu, Hawaiʻi Island and Maui
Hawaiian Electric submitted its Integrated Grid Planning Request for Proposals to procure renewable energy and storage across Oʻahu, Hawaiʻi Island, and Maui.
The solicitation seeks 1,650 GWh of variable renewable energy, 465 MW of grid-forming resources, and 111 MW of firm generating capacity, representing one of the largest procurements in state history.
The company also requested expedited regulatory approval for up to 500 MW of additional fuel-flexible firm generation on Oʻahu to meet growing demand and ensure reliability.
• 3mo ago AI analysis › Press Release
Hawaiian Electric Industries to Announce Second Quarter 2026 Results August 7
Hawaiian Electric Industries announced it will release its second quarter 2026 financial results on Friday, August 7, followed by a conference call at 10:30 a.m. Hawaii time.
Investors can access the presentation materials and live webcast via the company's website or by telephone, with a replay available online approximately two hours after the event.
HEI continues to use its Investor Relations website as a primary channel for disseminating information alongside SEC filings and press releases.
• 3mo ago AI analysis › SEC Filing
HE: 8-K · proxy statement
Hawaiian Electric Industries, Inc. held its Annual Meeting of Shareholders on June 11, 2026, electing 12 nominees to the Board of Directors. Shareholders also approved the compensation of named executive officers on an advisory basis and ratified the appointment of Deloitte & Touche, LLP as the independent registered public accounting firm for 2026.
The voting results indicated strong support for management, with all director nominees receiving a majority of votes cast. As of the record date, there were 172,635,624 shares of HEI Common Stock issued and outstanding and entitled to vote.
Separately, HEI acted by written consent as the sole common shareholder of its subsidiary, Hawaiian Electric Company, Inc., to elect the same 12 directors. This action also included the ratification of Deloitte & Touche, LLP as the subsidiary's independent registered accounting firm for the fiscal year.
SEC 8-K • 4mo ago 
