HEI reports FY 2024 net loss of $1.43B on $1.88B wildfire charges; no common dividend

HAWAIIAN ELECTRIC INDUSTRIES INC

Diluted EPS loss of $11.23 vs diluted EPS of $1.81 in FY 2023; net loss for common stock $1.426B.
Wildfire tort-related claims net expense of $1.875B in 2024; total accrued wildfire liability $1.915B (current + noncurrent).
Revenue declined 2.1% to $3.22B; electric utility operating loss of $1.61B vs income of $302M in 2023.
Common equity fell from $2.34B to $1.48B; no common dividends paid (vs $1.08/share in 2023).
ASH bank sale closed; HEI raised $575M via 62.16M share offering to help fund wildfire liabilities.

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