earnings
confidence high
sentiment neutral
materiality 0.70
HEI Q2 GAAP EPS $0.71 vs $0.15; core EPS $0.13 vs $0.20
HAWAIIAN ELECTRIC INDUSTRIES INC
- GAAP net income $123M ($0.71/sh) vs $26M ($0.15/sh) in Q2 2025; includes $101M after-tax non-cash gain from remeasuring wildfire settlement liability.
- Core net income $22M ($0.13/sh) vs $35M ($0.20/sh); Hawaiian Electric core net income $33M vs $42M.
- Filed largest-ever energy solicitation with PUC on July 17: ~1,650 GWh variable renewables, 465 MW grid-forming, 111 MW firm capacity.
- PUC fully approved Wildfire Mitigation Plan costs; S&P upgraded credit rating; securitization planned for affordability.
- Expects 2026 adjusted O&M to outpace inflation; max ~$3.7M pre-tax penalty under Fuel Cost Risk Sharing mechanism.