Loading...
•
Mar 31, 2025
Hawaiian Electric Q1 2025 Earnings Report
Hawaiian Electric Industries reported a profitable first quarter in 2025, driven by strong core utility performance and strategic financial actions.
Key Takeaways
HEI delivered $27 million in net income and $744 million in revenue for Q1 2025, with adjusted EPS at $0.23. Core earnings reflected progress in wildfire mitigation, debt reduction from asset sales, and favorable legislation.
Reported net income of $27 million, or $0.15 per share.
Core earnings excluded wildfire-related costs and a loss from the sale of Hamakua Energy.
Proceeds from the American Savings Bank sale used to reduce holding company debt by $384 million.
Hawaiian Electric contributed $48 million in net income, reflecting operational improvements.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
HEI anticipates improved financial resilience with legislative support and strategic asset moves, though risks from wildfire settlements remain.
Positive Outlook
- Legislation passed to cap future wildfire liability.
- State funding allocated toward wildfire litigation settlement.
- Utility allowed to defer wildfire mitigation costs.
- Debt reduction improves financial flexibility.
- Focus on clean energy and decarbonization continues to align with state goals.
Challenges Ahead
- Ongoing financial impact from Maui wildfire-related expenses.
- Pre-tax loss of $13 million from sale of Hamakua Energy.
- Higher legal and insurance costs in utility operations.
- Interest expense increased versus prior year.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...