Hawaiian Electric Industries Inc
NYSE:HE

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Hawaiian Electric Industries Inc Logo
Hawaiian Electric Industries Inc
NYSE:HE
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Price: 14.77 USD 8.13% Market Closed
Market Cap: 2.5B USD

Hawaiian Electric Industries Inc
Investor Relations

Hawaiian Electric Industries Inc. (HEI) stands as a vital pillar in Hawaii's infrastructure landscape, weaving a narrative deeply intertwined with the state's unique geographical and economic tapestry. Founded in 1983, HEI is not merely an electric utility company but a conglomerate encompassing various sectors. At its core, the company operates Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light, which together supply electricity across five islands, serving approximately 95% of the state's residents. The company embraces the challenge of navigating Hawaii's remote location and diverse ecosystem by integrating renewable energy sources, such as solar and wind, reducing Hawaii's reliance on imported fossil fuels. This strategic approach not only aligns with global trends towards sustainability but also addresses the state’s isolated grid, promoting energy independence and security.

Beyond its primary electricity operations, HEI extends its financial footprint through its subsidiary, American Savings Bank, one of the leading financial institutions in Hawaii. This diversification allows HEI to stabilize its earnings amidst the unpredictable nature of energy markets. American Savings Bank offers a broad spectrum of financial services to both individuals and businesses, from personal banking to commercial loans, thereby reinforcing the company’s revenue stream. By balancing its utility operations with financial services, HEI illustrates a robust business model aimed at leveraging cross-sector opportunities while securing consistent returns for stakeholders. This duality encapsulates HEI's strategy of embracing its Hawaiian heritage while fostering economic resilience and sustainability.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 7, 2025
AI Summary
Q3 2025

Net Income: HEI reported third quarter net income of $30.7 million, or $0.18 per share, including wildfire-related expenses.

Wildfire Litigation: Progress continues on the Maui wildfire tort litigation settlement, with final court approval expected in early 2026 and the first payment due no sooner than then.

Liquidity & Financing: The company strengthened its liquidity, completing a $500 million unsecured debt offering and increasing credit facility capacity.

CapEx Growth: Capital expenditures are projected to rise significantly, with $400 million planned for 2025 and up to $700 million in 2026 to support wildfire safety, resilience, and repowering projects.

Dividend Policy: Quarterly dividend payments from the utility to the holding company continue, based on the holding company’s needs.

Guidance Approach: Management remains cautious about reinstating formal EPS guidance until the wildfire settlement is finalized.

Key Financials
Net Income
$30.7 million
Earnings Per Share
$0.18
Core Net Income
$32.8 million
Utility Core Net Income
$39.6 million
Holding Company Core Net Loss
$6.8 million
Unrestricted Cash (Holding Company)
$40 million
Unrestricted Cash (Utility)
$504 million
Liquidity (Holding Company: ATM program & Credit Facility)
$519 million
Liquidity (Utility: Accounts Receivable Facility & Credit Facility)
$544 million
Debt Offering (Hawaiian Electric)
$500 million
Quarterly Dividend
$10 million
Restricted Cash for Settlement Payment
$479 million
CapEx (2025)
$400 million
CapEx (2026)
$550 million to $700 million
CapEx (2026-2028)
$1.8 billion to $2.4 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scott W. H. Seu
President, CEO & Director
No Bio Available
Mr. Scott T. DeGhetto
Executive VP, CFO & Treasurer
No Bio Available
Mr. Kurt K. Murao J.D.
Executive VP, General Counsel, Chief Administrative Officer & Corporate Secretary
No Bio Available
Ms. Shelee M. T. Kimura
President & CEO of Hawaiian Electric Company, Inc.
No Bio Available
Ms. Ann C. Teranishi
CEO, President & Director of American Savings Bank
No Bio Available
Bruce K. Tamashiro
Controller & Principal Accounting Officer
No Bio Available
Mateo Garcia
Director of Investor Relations
No Bio Available
Mr. James P. Kelly
Vice President of Government, Community Relations & Corporate Communications
No Bio Available
Ms. Jacqueline I. U. Ingamells
VP of Human Resources & Chief People Strategist
No Bio Available
Ms. Julie R. Smolinski
Vice President of Strategy & Corporate Sustainability
No Bio Available

Contacts

Address
HAWAII
Honolulu
1001 Bishop St Ste 2900
Contacts
+18085435662.0
www.hei.com