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Hawaiian Electric (HE)
NYSE:HE
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 09, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in resolving the Maui wildfire litigation and strengthening financial flexibility through asset sales and debt reduction. Legislative support for wildfire mitigation and the reinstatement of the utility dividend were positive developments. However, ongoing wildfire-related expenses and losses from asset sales presented challenges.Company Guidance
In the HEI First Quarter 2025 Earnings Conference Call, the company highlighted several key metrics and strategic actions aimed at strengthening its financial position and operational focus. HEI reported a first-quarter net income of $26.7 million or $0.15 per share, with a core net income of $39.8 million or $0.23 per share, excluding certain losses and wildfire expenses. The company has made significant progress in resolving the Maui wildfire tort litigation, with a Supreme Court decision supporting the settlement process. HEI plans to make its first $479 million settlement payment in early 2026 and has contributed $75 million to the $1.99 billion One 'Ohana initiative for wildfire relief. The company is also focused on a simpler business model by divesting non-core assets and enhancing financial flexibility, evidenced by a $384 million debt reduction following the sale of American Savings Bank. HEI's liquidity remains strong, with $492 million in holding company cash and $130 million at the utility level. The company anticipates financing future settlement payments with a combination of debt and equity while pursuing investments in utility infrastructure to support its clean energy goals and improve safety and reliability.Financial Progress and Settlement Resolution
HEI made significant progress in resolving the Maui wildfire tort litigation, with the Hawaii State Supreme Court issuing a supportive decision. The company expects to complete the remaining administrative steps early next year, leading to the first $479 million payment.
Stronger Financial Position
HEI's balance sheet and liquidity improved with the sale of American Savings Bank and divestiture of Pacific Current assets. The holding company retired approximately $384 million of debt, enhancing financial flexibility.
Legislative Support for Wildfire Mitigation
The Hawaii state legislature passed Senate Bill 897, which directs the Public Utilities Commission to establish a liability cap on economic damages from future wildfires and authorizes securitization for wildfire safety improvements.
Utility Dividend Reinstatement
Hawaiian Electric's Board of Directors approved a $10 million quarterly dividend, reinstating it after a temporary suspension.
Core Net Income Growth
Utility core net income for the quarter was $49.7 million, up from $44.2 million in the first quarter of 2024, driven by better heat rate performance and lower bad debt expense.
HE Earnings History
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 |
|---|---|---|---|
May 09, 2025 | $10.49 | $10.69 | +1.91% |
Feb 21, 2025 | $10.76 | $11.00 | +2.23% |
Nov 08, 2024 | $10.64 | $9.97 | -6.30% |
Aug 09, 2024 | $15.50 | $13.26 | -14.45% |
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 Aug 11, 2025, TBA Not Confirmed.
What is Hawaiian Electric (HE) earnings time?
Hawaiian Electric (HE) earnings time is at Aug 11, 2025, TBA Not 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 2025 (Q2) is 0.24.