Every material Form 8-K Hawaiian Electric Industries filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hawaiian Electric Industries reported third quarter 2025 net income of $31 million, or $0.18 per diluted share, compared with a loss from continuing operations of $123 million, or $1.08 per share, in the same quarter of 2024. Total revenues fell to $790.6 million from $833.2 million, and core earnings per share declined to $0.19 from $0.29, so shareholders see a mixed picture of higher reported profit but lower revenue and core results.
Third quarter net income was $31 million, or $0.18 per diluted share, versus a loss from continuing operations of $123 million, or $1.08 per share, a year earlier.
Core income from continuing operations was $33 million, or $0.19 per share, compared with $33 million, or $0.29 per share, in the third quarter of 2024.
Total revenues were $790.6 million, down from $833.2 million a year earlier.
In September, the credit facility was expanded to $600 million from $375 million, and about $500 million of Hawaiian Electric debt was issued.
Hawaiian Electric Company, the subsidiary of Hawaiian Electric Industries, issued $500 million of 6.000% senior notes maturing October 1, 2033, under an indenture dated September 18, 2025. The company said net proceeds will go to capital expenditures and to repay or refinance short-term and long-term debt, including its revolving credit facility and term loan.
$500 million aggregate principal of 6.000% senior notes due October 1, 2033
Interest paid semi-annually on April 1 and October 1, starting April 1, 2026
Notes redeemable before October 1, 2028 at par plus a make-whole amount; repurchase at 101% upon a change of control triggering event
Indenture with U.S. Bank Trust Company, National Association, as trustee, filed as Exhibit 4.1
HEI and Hawaiian Electric entered into amended revolving credit facilities on September 5, 2025, raising HEI's commitments to $300 million from $175 million and Hawaiian Electric's to $300 million from $200 million. Separately, the utilities plan to redeem all of their outstanding cumulative preferred stock on October 15, 2025, using cash on hand.
HEI revolver commitments increased to $300 million from $175 million, with term extended to September 5, 2030
Hawaiian Electric revolver commitments increased to $300 million from $200 million, with term extended to September 4, 2026, subject to automatic extension
Hawaiian Electric, Maui Electric and Hawaii Electric Light plan to redeem all outstanding cumulative preferred stock on October 15, 2025 at $20.00 to $21.00 per share plus accrued dividends
Approximately $25 million in loans remain outstanding under Hawaiian Electric's amended facility
Hawaiian Electric Industries reported second-quarter 2025 net income for common stock of $26 million, or $0.15 per diluted share, compared with a net loss of $1,295 million in the same quarter of 2024, which included a $1,712 million wildfire-related charge at the utility. Excluding Maui wildfire costs and Pacific Current strategic review expenses, core income was $35 million, or $0.20 per share, down from $0.26 per share a year earlier, and total revenues fell to $746 million from $795 million.
Q2 2025 net income for common stock $26 million, or $0.15 per diluted share, versus a net loss of $1,295 million, or $11.74 per share, in Q2 2024
Core income from continuing operations $35 million, or $0.20 per share, versus $28 million, or $0.26 per share, in Q2 2024
Total revenues $746 million versus $795 million in Q2 2024
Hawaiian Electric board declared a $10 million cash dividend payable to HEI for Q2 2025
Hawaiian Electric Industries reported first-quarter 2025 net income for common stock of $27 million, or $0.15 per share, versus $42 million, or $0.38, a year earlier; the 2024 figure included $21 million from discontinued operations. Core diluted EPS, which excludes Maui wildfire costs and the Hamakua Energy sale loss, was $0.23 versus $0.26, while core net income rose to $40 million from $28 million. The company also said it cut holding company debt by $384 million in April and that Hawaii legislation affecting wildfire liability and the Maui settlement has passed and awaits the governor's signature.
Net income for common stock was $27 million, or $0.15 per share, versus $42 million, or $0.38, in Q1 2024
Core diluted EPS was $0.23 versus $0.26 a year earlier; core net income was $40 million versus $28 million
Pacific Current recorded a $13 million pre-tax loss on the sale of Hamakua Energy
In April, holding company debt was reduced by $384 million using proceeds from the American Savings Bank sale
HEI reported a 2024 net loss of $1,426 million, or $11.23 per share, compared with net income of $199 million, or $1.81 per share, in 2023. The result reflects a $1,875 million utility charge for estimated wildfire liabilities from tort-related claims as of December 31, 2024; excluding special items, core income from continuing operations was $124 million, or $0.98 per share, versus $152 million, or $1.38 per share, a year earlier. The filing also cites a February 10, 2025 Hawaii Supreme Court decision that the company says clarifies the path toward resolving the Maui wildfire tort litigation, and the utility dividend to HEI remains suspended.
Full-year 2024 net loss of $1,426 million ($11.23 per share) vs. net income of $199 million ($1.81 per share) in 2023
Core income from continuing operations of $124 million ($0.98 per share) vs. $152 million ($1.38 per share) in 2023
Fourth quarter 2024 net loss of $68 million ($0.40 per share) vs. net income of $49 million ($0.44 per share) in Q4 2023
Utility recorded a $1,875 million loss from accrual of estimated wildfire liabilities as of December 31, 2024, net of insurance recoveries
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Hawaiian Electric Industries filing is on SEC EDGAR ↗. 8-K briefs of other companies →