HEI Reports 2024 Net Loss of $1,426M; Hawaii Supreme Court Clarifies Wildfire Settlement

HAWAIIAN ELECTRIC INDUSTRIES INC

2024-FY EPS reported -$11.23 revenue$3,219,850,000

Full year 2024 net loss of $1,426 million ($11.23 per share) vs net income of $199 million in 2023.
Hawaii Supreme Court on Feb 10, 2025 ruled insurers cannot separately sue defendants beyond settlement amount.
Sale of 90.1% of American Savings Bank closed on Dec 31, 2024, simplifying strategy and reducing debt.
Hawaiian Electric achieved 36% renewable portfolio standard in 2024, on track for 40% by 2030.
Utility returned $18 million in bill credits; typical residential bill decreased 7% in 2024.

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