HAWAIIAN ELECTRIC INDUSTRIES INC (HE) Form 8-K — Aug 7, 2026
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.
Key figures
- Eps
- 0.71
- Revenue
- 939703000
- Guidance
- 2026 adjusted O&M excluding pension expected to significantly outpace inflation ahead of 2027 rate rebasing; maximum ~$3.7 million (pre-tax) penalty expected under the Fuel Cost Risk Sharing mechanism, recorded as a reduction of fuel revenue
- Net Income
- 123200000
- Revenue Yoy
- +25.9% (derived from $939.7M vs $746.4M)
- Core Eps
- 0.13
- Six Month Eps
- 0.89
- Core Net Income
- 22453000
- Core Eps Prior Year
- 0.2
- Six Month Net Income
- 153650000
- Twelve Month Gaap Roe
- 13.6%
- Renewable Procurement
- nearly 1,650 GWh variable renewable energy, 465 MW grid forming resources, 111 MW firm generating capacity
- Utility Core Net Income
- 32571000
- Core Net Income Prior Year
- 35356000
- Utility Segment Net Income
- 137858000
- Weighted Avg Diluted Shares
- 173222000
- Utility Twelve Month Core Roe
- 5.7%
- Utility Twelve Month Gaap Roe
- 15.0%
- Average Fuel Oil Cost Per Barrel
- 145.67
- Settlement Accretion Expense Pre Tax
- 17714000
- Remaining Wildfire Settlement Liability
- $1.30 billion (down from $1.44 billion)
- Wildfire Settlement Remeasurement Pre Tax
- 153870000
- Wildfire Settlement Remeasurement Gain After Tax
- 101000000
Price after filing
1 day: -1.5%7 days: -6.8%30 days: -11.9%
Close on the filing date to close N calendar days later (from $12.59). Historical, not a forecast.
AI analysis
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