Every material Form 8-K Hawaiian Electric Industries filed with the SEC in 2026, 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 2026 GAAP net income of $35 million, or $0.20 per diluted share, up from $31 million, or $0.18, a year earlier. Non-GAAP Core net income fell to $23 million, or $0.13 per share, from $33 million, or $0.19, as the company absorbed $14 million of storm costs and a $51 million Pacific Current impairment, offset in GAAP results by gains tied to its American Savings Bank stake.
Total third quarter revenues were $1.01 billion, compared with $791 million in the third quarter of 2025.
GAAP diluted EPS was $0.20 versus $0.18; Core diluted EPS was $0.13 versus $0.19.
The quarter included $64 million of pre-tax gains related to HEI's American Savings Bank investment and a non-cash $51 million pre-tax asset impairment at Pacific Current.
Hawaiian Electric recorded $14 million of incremental pre-tax storm costs for August and September, and its Core net income was $28 million versus $40 million a year earlier.
HEI reported second-quarter 2026 GAAP net income of $123 million, or $0.71 per diluted share, up from $26 million, or $0.15, a year earlier. The result includes a $101 million after-tax non-cash gain from remeasuring the remaining Maui wildfire settlement liability to present value, while Core net income, which excludes wildfire and Pacific Current review items, fell to $22 million, or $0.13 per share, from $35 million, or $0.20.
Total revenues were $939.7 million, compared with $746.4 million in the second quarter of 2025.
Core net income was $22 million, or $0.13 per diluted share, versus $35 million, or $0.20, in the second quarter of 2025; Hawaiian Electric cited higher interest expense and higher O&M.
The remaining settlement liability was reduced from $1.44 billion to $1.30 billion, producing a $154 million pre-tax benefit.
On July 17, HEI submitted an IGP Request for Proposals to the PUC seeking about 1,650 gigawatt-hours of variable renewable energy, 465 megawatts of grid forming resources and 111 megawatts of firm generating capacity.
On July 27, 2026, Hawaiian Electric Company and Kalaeloa Partners entered a new power purchase agreement for 208 megawatts of firm capacity over a 30-year term after commercial operation, replacing the October 2021 agreement that is expected to end in early 2033. The fixed capacity charge falls to $93 per kilowatt per year from $100, and the deal lets Kalaeloa repower the plant to burn other fuels and produce renewable-qualifying energy. The agreement takes effect only after the Hawaii Public Utilities Commission approves it.
New PPA signed July 27, 2026, for 208 MW of firm capacity over a 30-year term after commercial operation
Fixed capacity charge reduced to $93/kW per year from $100/kW per year under the Amended and Restated PPA
Effectiveness depends on PUC approval; either party may void the agreement if approval is not received within 12 months of the application, subject to conditions
HEI reported first-quarter 2026 net income of $30 million, or $0.18 per diluted share, up from $27 million, or $0.15, a year earlier. Excluding Maui wildfire-related costs and Pacific Current strategic review expenses, core net income fell to $31 million, or $0.18, from $40 million, or $0.23. The company also said leadership will be consolidated effective June 1, with Scott Seu becoming CEO of both HEI and Hawaiian Electric, and it expects higher utility operations and maintenance expenses for 2026.
GAAP net income was $30 million ($0.18 per diluted share) versus $27 million ($0.15) in Q1 2025; revenue was $746.4 million versus $744.1 million.
Core net income was $31 million ($0.18 per diluted share) versus $40 million ($0.23) in Q1 2025.
Hawaiian Electric expects 2026 O&M expense, excluding pension, to significantly outpace inflation, and the first of four $479 million settlement payments was issued in April.
Effective June 1, Scott Seu becomes CEO of HEI and Hawaiian Electric, and Shelee Kimura becomes President of both companies.
Scott T. DeGhetto's term as Executive Vice President and Chief Financial Officer ended April 1, 2026. On April 6, the company signed a one-year consulting agreement with him through his company, Emberstone, LLC, covering debt and equity financing, corporate dispositions and other market-related projects, and the filing shows Paul K. Ito signing as Chief Financial Officer. The agreement adds monthly fees and a special projects fee on top of a previously reported $800,000 consulting payment, which shareholders may track as a cost.
CFO term ended April 1, 2026 for Scott T. DeGhetto
Consulting agreement dated April 6, 2026, running to April 5, 2027
Monthly fee of $200,000 plus applicable taxes, and a $1,350,000 special projects fee at the end of the term
Separate $800,000 for consulting through March 1, 2027, previously reported from November 2024 compensation package
HEI reported full-year 2025 net income of $123 million, or $0.71 per diluted share, compared with a net loss of $1,426 million, or $11.23 per share, in 2024, when a $1,875 million Maui wildfire tort-related provision was recorded. Excluding wildfire and strategic review costs, core income from continuing operations rose to $149 million, but core diluted EPS fell to $0.86 from $0.98, and full-year total revenues declined to $3,086.9 million from $3,219.9 million.
Full-year 2025 net income was $123 million, or $0.71 per diluted share, versus a net loss of $1,426 million, or $11.23 per share, in 2024.
Full-year 2025 core income from continuing operations was $149 million, or $0.86 per share, compared with $124 million, or $0.98 per share, in 2024.
Fourth quarter 2025 net income was $40 million, or $0.23 per share, compared with a net loss of $68 million, or $0.40 per share, in the fourth quarter of 2024.
Full-year 2025 total revenues were $3,086.9 million, compared with $3,219.9 million in 2024.
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 →