The earnings call reflected a company making significant strides in legislative support and financial stability post-Maui Wildfires, with progress on business simplification and improved credit ratings. However, some financial challenges remain, particularly in utility income and wildfire-related costs.

Company Guidance

During the HEI Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance on its financial metrics and strategic initiatives. HEI reported a net income of $26.1 million or $0.15 per share for the quarter, with core net income excluding one-time items at $35.4 million or $0.20 per share, compared to $28.4 million or $0.26 per share in the same period in 2024. The utility's core net income was slightly lower at $42.5 million, down from $43.9 million in the previous year, due to increased wildfire mitigation expenses. The holding company recorded a reduced core net loss of $7.1 million, an improvement from the $15.5 million loss the prior year. HEI highlighted its strong liquidity position, with $44 million in unrestricted cash at the holding company level and $106 million at the utility. Additionally, available liquidity totaled approximately $756 million across its ATM program, credit facilities, and accounts receivable facility. The company is focused on streamlining its business model, having divested 90.1% of American Savings Bank and other significant assets, while planning to address the remaining settlement payment for the Maui Wildfire Tort Litigation through debt financing. The company expects to provide more detailed CapEx and rate base growth outlooks later in the year, likely around November.

Legislative Support for Wildfire Safety

Governor Josh Green signed three pieces of legislation into law, including Act 258, which establishes a liability cap for future wildfire damages and authorizes $500 million for wildfire safety improvements.

Credit Rating Upgrades

HEI received credit rating upgrades from Moody's, S&P, and Fitch, indicating improved financial strength and resilience.

Progress on Simplifying Business Model

HEI continues to simplify its business model by selling Pacific Current assets and planning to divest its remaining stake in American Savings Bank.

Financial Liquidity and Cash Reserves

HEI and its utility have a combined liquidity of approximately $756 million, providing financial stability.

Resolution of Maui Wildfire Tort Litigation

Progress continues toward implementing the settlement agreement, with final steps expected to be completed in early 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

Daily Earnings Calendar >

HE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	0.02 / -	0.46	―	―	―
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)
Nov 09, 2023	2023 (Q3)	0.54 / 0.56	0.57	-1.75% (>-0.01)
Aug 07, 2023	2023 (Q2)	0.53 / 0.50	0.48	4.17% (+0.02)

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
Aug 07, 2025	$11.04	$10.79	-2.26%
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%

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 Nov 07, 2025, Before Open (Confirmed).

What is Hawaiian Electric (HE) earnings time?

Hawaiian Electric (HE) earnings time is at Nov 07, 2025, 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 2025 (Q3) is 0.02.

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