May. 8 at 9:11 PM
$HE
Hawaiian Electric Industries reported first‑quarter 2026 net income for common stock of
$30.5 million, up from
$26.7 million a year earlier, on total revenues of
$746.4 million.
Diluted earnings per share were
$0.18.
The balance sheet reflects large liabilities from the Maui windstorm and wildfires, including current wildfire‑related claims of
$526.5 million and noncurrent wildfire tort‑related claims of
$1.44 billion, tied to a previously agreed
$1.99 billion global settlement.
The company held
$931.8 million in cash, cash equivalents and restricted cash as of March 31, 2026, including
$479 million restricted for the first settlement installment, which was paid in April 2026.
Hei also details ongoing property insurer litigation and expected partial settlements, as well as major long‑term grid and generation investments such as the Waiau repower project and a climate resilience program, both under performance‑based regulatory cost‑recovery mechanisms.
