Brief: Hawaiian Electric Industries Q2 Revenue USD 746.392 Million

Hawaiian Electric Industries

07/08/2025 21:22

Overview

Hawaiian Electric Q2 net income at $26 mln, reversing $1.3 bln loss in 2024

Core income from continuing operations rises to $35 mln from $28 mln in 2024

$5 mln earnings impact from asset impairment and tax credit recapture

Legislation supports $500 mln in wildfire safety improvements

Outlook

Company expects to divest remaining stake in American Savings Bank next year

Hawaiian Electric to focus on affordable clean energy procurement

Result Drivers

WILDFIRE SAFETY - Utility advances wildfire safety strategy, supported by new legislation, per CEO Scott Seu

ASSET SALE IMPACT - $5 mln earnings impact from asset impairment and tax credit recapture related to Pacific Current asset sale

REVENUE INCREASE - $7 mln higher revenues driven by annual revenue adjustment mechanism and demand response revenues

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$746.39 mln
Q2 EPS
$0.15
Q2 Net Income
$26.08 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Hawaiian Electric Industries Inc is $11.75, about 6% above its August 6 closing price of $11.05

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw5VDcJla

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)