---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-26-000035"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:15:52.154541+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000354707-26-000035
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470726000035/0000354707-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470726000035/he-20260508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-26-000035
- JSON: https://secwatch.observer/filing/0000354707-26-000035.json
- Plain text: https://secwatch.observer/filing/0000354707-26-000035.txt

## Source-grounded claims
- claim_id: 5e91f0417f8a01c60ba741e598d967da4fdd0c99
  claim: 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.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354707/000035470726000035/0000354707-26-000035-index.htm

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