Hawaiian Electric (HE) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 08, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.28

Last Year’s EPS

0.23

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlighted meaningful progress: a material GAAP turnaround to profitability, improved consolidated core results, significant legal victories advancing the Maui wildfire settlement, robust liquidity actions, and continued progress on wildfire mitigation and clean energy goals. Counterbalancing these positives are execution and timing risks related to final settlement approvals, an elevated multi-year CapEx profile that requires substantial external financing, modest utility core income decline driven by higher O&M/interest/depreciation, and dependence on capital markets for funding. On balance, the favorable legal rulings, return to profitability, improved consolidated core income, and strengthened liquidity position outweigh the outstanding financing and execution risks, but successful execution of financing and regulatory actions will be important for sustaining momentum.

Company Guidance

Management guided that outstanding appeals must be resolved before making the first $479 million settlement payment, which is now expected in H2 2026, and said settlement financings will be via debt and/or convertible debt (leaning toward convertible) with later payments funded by a mix of debt and equity; they will submit a joint PBR rebasing proposal with UluPono by March 6, 2026 and expect the PUC’s Phase 6 schedule thereafter, while the PUC rule‑making to establish a liability cap is expected to take roughly 18–24 months with a wildfire fund to follow. They forecast 2026 CapEx of $550–700 million, rising to $600–800 million in 2027 and $600–850 million in 2028, plan to seek securitization for wildfire safety and resilience CapEx, and highlighted liquidity and balance‑sheet metrics: unrestricted cash of ~$16 million at the holding company and ~$486 million at the utility, ~ $530 million combined holding‑co ATM/credit capacity, ~ $540 million utility AR/credit capacity, a $500 million utility debt issuance last year and a $600 million revolver upsize; additional datapoints noted were a $10 million quarterly dividend to HEI for Q4 2025, 2025 RPS of 37% (on track to 40% by 2030), 2025 GAAP net income of $123.1 million ($0.71/share) and consolidated core net income of $149.3 million ($0.86/share), plus $16.5 million pretax Maui wildfire‑related expenses (≈$12.6 million at the utility) and $12.4 million of Pacific Current strategic‑review losses.

Return to Profitability

GAAP net income of $123.1M for FY2025 (EPS $0.71) compared to a net loss of approximately $1.4B in FY2024 — a material turnaround driven by settlement progress and insurance recoveries.

Improved Consolidated Core Results

Consolidated core net income of $149.3M ($0.86/share) in 2025 versus $124.3M ($0.98/share) in 2024 — consolidated core income increased by ~20.1% year-over-year, though core EPS declined ~12.2%.

Utility Core Performance Stable

Utility core net income of $177.5M in 2025 vs $180.7M in 2024 — a modest decrease of ~1.8%, reflecting largely steady operational performance despite elevated investments.

Significant Legal and Settlement Progress

Multiple favorable court rulings advancing the Maui wildfire class settlement: Circuit Court summary judgment, final approval of class settlement, and Hawaii Supreme Court affirmation denying insurers' intervention — these rulings materially reduce the risk of insurer derailment and move the company toward triggering settlement payments (first payment of $479M expected in H2 2026 once appeals are resolved).

Strong Liquidity and Capital Market Activity

Utility and holding company liquidity: $486M unrestricted cash at the utility and $16M at holding company, plus ~ $530M combined holding company capacity (ATM + credit) and ~ $540M utility liquidity (A/R facility + credit). Completed a $500M utility debt issuance and upsized revolver to $600M to support an elevated capital cycle.

Progress on Wildfire Risk Reduction and Regulatory Pathways

PUC approved the company's 3-year wildfire safety strategy; many operational objectives achieved ahead of schedule. PUC wildfire fund study completed and rulemaking to establish liability cap underway (18–24 months). Company plans to pursue securitization to finance wildfire safety and resilience CapEx (lowest-cost capital option).

Renewable Energy and Affordability Progress

Utility reached 37% Renewable Portfolio Standard (RPS) in 2025 and remains on track for the 40% by 2030 statutory goal. Customer bills remained stable in 2025; continued customer assistance provided (~$1M in payment assistance).

Corporate Actions and Governance

Board approved $10M quarterly dividend to HEI for Q4 2025. Binding settlements finalized resolving shareholder class and derivative suits with obligations funded by insurance. Planned divestiture of remaining ~9.9% stake in American Savings Bank targeted for 2026.

Hawaiian Electric (HE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 08, 2026	2026 (Q1)	0.28 / -	0.23	―	―	―
Feb 27, 2026	2025 (Q4)	0.24 / 0.24	0.2	20.00% (+0.04)
Nov 07, 2025	2025 (Q3)	0.18 / 0.19	0.46	-58.70% (-0.27)
Aug 07, 2025	2025 (Q2)	0.18 / 0.20	0.44	-54.55% (-0.24)
May 09, 2025	2025 (Q1)	0.23 / 0.23	0.45	-48.89% (-0.22)
Feb 21, 2025	2024 (Q4)	0.39 / 0.20	0.48	-58.33% (-0.28)
Nov 08, 2024	2024 (Q3)	0.53 / 0.46	0.56	-17.86% (-0.10)
Aug 09, 2024	2024 (Q2)	0.49 / 0.44	0.5	-12.00% (-0.06)
May 10, 2024	2024 (Q1)	0.54 / 0.45	0.5	-10.00% (-0.05)
Feb 13, 2024	2023 (Q4)	0.49 / 0.48	0.52	-7.69% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 27, 2026	$15.49	$15.99	+3.23%
Nov 07, 2025	$11.57	$11.20	-3.20%
Aug 07, 2025	$11.04	$10.79	-2.26%
May 09, 2025	$10.49	$10.69	+1.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Hawaiian Electric (HE) report earnings?

Hawaiian Electric (HE) is schdueled to report earning on May 08, 2026, Before Open (Confirmed).

What is Hawaiian Electric (HE) earnings time?

Hawaiian Electric (HE) earnings time is at May 08, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HE EPS forecast?

HE EPS forecast for the fiscal quarter 2026 (Q1) is 0.28.