---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000021"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:19:34.928532+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HEI Q1 net income falls to $42.1M from $54.7M; core EPS $0.45

## Summary
- Net income $42.1M ($0.38 EPS) versus $54.7M ($0.50) YoY; core net income $49.3M.
- Utility net income $39.2M, down from $47.0M, driven by $12M higher O&M including $7M Maui wildfire costs.
- Bank net income $20.9M, up from $18.6M YoY; released $1.5M in Maui wildfire-related reserves.
- Holding companies net loss $18.0M vs $10.9M YoY, primarily from wildfire-related expenses.
- One 'Ohani fund: 43 decedent and 15 physical injury registrants; legislative session ended without wildfire bill.

## SEC filing metadata
- accession: 0000354707-24-000021
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000021/0000354707-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000021/he-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000021
- JSON: https://secwatch.observer/filing/0000354707-24-000021.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.