---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000070"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T03:05:28.424831+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HEI reports Q3 net loss $104.4M; signs definitive Maui wildfire settlement

## Summary
- Q3 net loss $104.4M ($0.91/share) includes $203M wildfire liability accrual (net of $40M insurance) and $35.2M Pacific Current impairment.
- Core net income $52.2M, core EPS $0.46, excluding wildfire and impairment items.
- On Nov 4, HEI and defendants signed definitive settlement agreements for Maui wildfire tort litigation.
- Going concern resolved after $557.7M equity raise; first settlement payment expected late 2025.
- Bank net income $18.8M, NIM expanded to 2.82%; utility dividend to HEI remains suspended.

## SEC filing metadata
- accession: 0000354707-24-000070
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000070/0000354707-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000070/he-20241108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000070
- JSON: https://secwatch.observer/filing/0000354707-24-000070.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000070.txt

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