---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-25-000017"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:19:42.404678+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000354707-25-000017
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470725000017/0000354707-25-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470725000017/he-20250326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-25-000017
- JSON: https://secwatch.observer/filing/0000354707-25-000017.json
- Plain text: https://secwatch.observer/filing/0000354707-25-000017.txt

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