earnings
confidence high
sentiment neutral
materiality 0.75
Hawaiian Electric Industries reports 2025 net income of $123M on $3.09B revenue; wildfire liabilities persist
HAWAIIAN ELECTRIC INDUSTRIES INC
- Net income of $123M ($0.71 diluted EPS) vs net loss of $1.43B in 2024 (which included ~$1.4B after-tax wildfire charge).
- Revenue $3.087B, down 4.1% from $3.220B in 2024, driven by lower fuel cost pass-through.
- Utility operating income $279.8M (2024: $(1.612B) loss), driven by absence of large wildfire provision.
- Wildfire tort liabilities: $530M current + $1.436B noncurrent, unchanged from end of 2024.
- No common dividends declared in 2025; redeemed all preferred stock ($34.3M) in October 2025.