HEI Reports Second Quarter 2026 Results
HEI reported Q2 GAAP net income of $123 million ($0.71 per share), a significant increase from $26 million in the prior year, driven primarily by a $101 million non-cash gain from remeasuring the Maui wildfire settlement liability. Excluding these special items, Core net income declined to $22 million ($0.13 per share) from $35 million, pressured by higher interest expense and operating costs despite revenue growth.
Key figures
- Eps
- 0.71
- Revenue
- 939703000
- Guidance
- 2026 adjusted O&M excluding pension to significantly outpace inflation; maximum penalty of ~$3.7 million expected under Fuel Cost Risk Sharing
- Core eps
- 0.13
- Core net income
- 22000000
- Utility revenue
- 936864000
- Non cash settlement gain
- 101000000
- Settlement liability adjustment
- $1.44 billion to $1.30 billion
AI analysis
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