---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000052"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:34:17.785099+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# HEI posts $1.30B Q2 net loss on $1.71B wildfire liability accrual; going concern risk disclosed

## Summary
- 2Q24 net loss of $1.30B ($11.74 per share) includes $1.71B accrual for estimated Maui wildfire tort liabilities.
- Excluding wildfire charges and ASB goodwill impairment, core net income was $49.1M vs $54.6M year ago.
- Agreement in principle reached to settle all tort claims from 2023 Maui wildfires; settlement accrual recorded.
- Going concern risk due to lack of financing plan for settlement payment; utility dividend to HEI suspended.
- ASB recorded $82.2M goodwill impairment on strategic review; bank net loss of $45.8M.

## SEC filing metadata
- accession: 0000354707-24-000052
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000052/0000354707-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000052/he-20240809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000052
- JSON: https://secwatch.observer/filing/0000354707-24-000052.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000052.txt

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