---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-26-000017"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2026-03-27T23:59:59+00:00"
generated_at: "2026-05-15T08:44:51.144986+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hawaiian Electric Industries reports 2025 net income of $123M on $3.09B revenue; wildfire liabilities persist

## Summary
- 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.

## SEC filing metadata
- accession: 0000354707-26-000017
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2026-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470726000017/0000354707-26-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470726000017/he-20260327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-26-000017
- JSON: https://secwatch.observer/filing/0000354707-26-000017.json
- Plain text: https://secwatch.observer/filing/0000354707-26-000017.txt

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