HEI Q1 GAAP EPS $0.18 vs $0.15 YoY; Wildfire settlement finalized, first $479M payment made

HAWAIIAN ELECTRIC INDUSTRIES INC

2026-Q1 EPS reported $0.18 revenue$746,447,000

GAAP net income $30M ($0.18/sh) vs $27M ($0.15); Core net income $31M vs $40M.
Hawaiian Electric net income $35M (core $36M) vs $48M; O&M up $19M driven by storm response, insurance.
Global wildfire tort settlement finalized; first of four $479M annual payments made in April. Moody's upgraded HEI to Ba2, Hawaiian Electric to Ba1.
Leadership: Scott Seu becomes CEO of both HEI and Hawaiian Electric; Shelee Kimura becomes President (eff. June 1).
Enterprise liquidity ~$1.5B; expects 2026 O&M to significantly outpace inflation ahead of 2027 rate rebasing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

HAWAIIAN ELECTRIC INDUSTRIES INC reported first quarter of 2026 results: net income net income for the first quarter of 2026 of $30 million, EPS $0.18 per share.

Period: first quarter of 2026
Net income: net income for the first quarter of 2026 of $30 million
EPS: $0.18 per share
Result: reported results

Exact text from the filing

HAWAIIAN ELECTRIC INDUSTRIES, INC. (NYSE - HE) (HEI) today reported net income for the first quarter of 2026 of $30 million, or $0.18 per share, compared to net income of $27 million, or $0.15 per share in the first quarter of 2025.

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Source: SEC EDGAR

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