For Q1 FY2026 ended March 31, 2026, Hawaiian Electric Industries reported revenue of $746.4 million, up 31.9% year-over-year. Net income was $30.5 million, a significant increase of 1,217.9% compared to the prior year. Operating income declined 14.5% to $53.4 million, while diluted EPS rose 20% to $0.18. The company had cash of $452.8 million, equity of $1.64 billion, and long-term debt of $2.28 billion.
•Revenue increased 31.9% YoY to $746.4 million.
•Net income surged 1,217.9% YoY to $30.5 million.
•Operating income fell 14.5% YoY to $53.4 million.
•Diluted EPS grew 20% YoY to $0.18.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Hawaiian Electric Industries provides the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu.
Its portfolio also includes Hawaii, Maui, Lanai, and Molokai, and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii.
Additionally, The company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Founded in 1891, Hawaiian Electric Industries is headquartered in Honolulu, Hawaii.
Hawaiian Electric Industries, Inc. (HE) is a utility holding company that primarily provides electric utility services through its subsidiary, Hawaiian Electric Company. The company is involved in the production, purchase, transmission, distribution, and sale of electricity across the Hawaiian Islands, including Oahu, Hawaii, Maui, Lanai, and Molokai. It serves a diverse customer base that includes suburban communities, resorts, United States Armed Forces installations, and agricultural operations. In addition to traditional electricity generation, Hawaiian Electric Industries invests in non-regulated renewable energy and sustainable infrastructure projects within the state. The company also explores various renewable energy sources such as wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and biofuels to diversify its energy portfolio and support Hawaii's clean energy goals.
Where is Hawaiian Electric Industries (HE) listed and what currency does it trade in?
Hawaiian Electric Industries, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol HE. The company's shares are traded in US Dollars (USD), reflecting its headquarters and primary operations in the United States. As a publicly traded company on a major US exchange, HE provides investors with access to the regulated electric utility sector in Hawaii. The NYSE listing ensures liquidity and transparency for shareholders, and the use of USD simplifies trading for domestic and international investors who are familiar with the US financial markets.
What sector and industry does Hawaiian Electric Industries (HE) belong to?
Hawaiian Electric Industries operates in the Utilities sector, specifically within the Utilities - Regulated Electric industry. This classification indicates that the company is a regulated electric utility, meaning its rates and operations are subject to oversight by state regulatory authorities. As a regulated electric utility, Hawaiian Electric Industries provides essential electricity services to customers in Hawaii under a framework that ensures reliability and fair pricing. The company's focus on regulated electric utility operations distinguishes it from unregulated energy companies and allows it to maintain a stable revenue stream while investing in infrastructure and renewable energy projects to meet the state's energy needs.
Where is Hawaiian Electric Industries (HE) headquartered and what markets does it serve?
Hawaiian Electric Industries is headquartered in Honolulu, Hawaii, United States. The company serves the Hawaiian Islands, including Oahu, Hawaii, Maui, Lanai, and Molokai. Its customer base encompasses suburban communities, resorts, United States Armed Forces installations, and agricultural operations across these islands. By focusing exclusively on Hawaii, the company plays a critical role in the state's energy infrastructure, providing electricity to residential, commercial, and military customers. The geographic concentration allows Hawaiian Electric Industries to tailor its services to the unique needs of island communities, including the integration of renewable energy sources to reduce dependence on imported fossil fuels.
How does Hawaiian Electric Industries (HE) make money and what are its key business segments?
Hawaiian Electric Industries generates revenue primarily through its electric utility business, which involves the production, purchase, transmission, distribution, and sale of electricity to customers across the Hawaiian Islands. The company earns money by charging customers for the electricity they consume, with rates regulated by state authorities. In addition to its core utility operations, Hawaiian Electric Industries invests in non-regulated renewable energy and sustainable infrastructure projects in Hawaii, which provide additional income streams. The company's portfolio includes a mix of conventional and renewable energy sources, such as wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and biofuels. By diversifying its energy generation, the company aims to reduce costs, enhance reliability, and support Hawaii's transition to a clean energy future.