Quarterly ResultMay 8, 2026, 04:15 PM
Hawaiian Electric Industries Q1 Net Income $30.45M; EPS $0.18
AI Summary
Hawaiian Electric Industries reported a 14.17% increase in consolidated net income for common stock, reaching $30.45 million, with basic EPS rising to $0.18 for the first quarter of 2026. Despite a slight increase in total revenues, consolidated operating income decreased by 14.49%. The utility segment, Hawaiian Electric Company, experienced a 26.08% decline in net income for common stock. The company continues to report substantial wildfire tort-related claims totaling $1.96 billion.
Key Highlights
- Consolidated net income for common stock increased 14.17% to $30.45 million for Q1 2026.
- Basic earnings per common share rose 20% to $0.18 in Q1 2026 from $0.15 in Q1 2025.
- Total consolidated revenues slightly increased by 0.32% to $746.45 million in Q1 2026.
- Consolidated operating income decreased 14.49% to $53.38 million in Q1 2026.
- Net cash provided by operating activities increased 22.89% to $61.03 million for Q1 2026.
- Hawaiian Electric Company's net income for common stock decreased 26.08% to $35.34 million.
- Total wildfire tort-related claims stood at $1.96 billion as of March 31, 2026.
Price Impact
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