---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-25-000024"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T02:33:27.811425+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HEI Q1 core EPS $0.23; Hawaiian Electric NI $48M; debt cut $384M; wildfire legislation passed

## Summary
- Net income $27M ($0.15 EPS); Core income from continuing ops $40M ($0.23) vs $28M ($0.26) in Q1 2024.
- Hawaiian Electric net income $48M (+$9M YoY) on higher revenues and better heat rate; $10M dividend declared.
- Pacific Current posted $13M pre-tax loss on sale of Hamakua Energy; holding company reduced debt by $384M in April.
- Hawaii legislature passed HB1001 (state funding for Maui settlement), SB897 (future wildfire liability cap), SB1501 (clean energy).
- Company expects first settlement payment on Maui wildfire tort litigation early 2026.

## SEC filing metadata
- accession: 0000354707-25-000024
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470725000024/0000354707-25-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470725000024/he-20250509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-25-000024
- JSON: https://secwatch.observer/filing/0000354707-25-000024.json
- Plain text: https://secwatch.observer/filing/0000354707-25-000024.txt

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