HAWAIIAN ELECTRIC CO INC

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 8, 2026

HE$9.08+0.1%Stored close · as of Nov 10, 2026

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Contents

Item 1. Financial Statements

Condensed Consolidated Statements of Income (unaudited)

(in thousands, except per share amounts)	2026	2025
Revenues
Electric utility	$744,040	$738,366
Other	2,407	5,704
Total revenues	746,447	744,070
Expenses
Electric utility	681,507	662,429
Other	11,563	19,221
Total expenses	693,070	681,650
Operating income (loss)
Electric utility	62,533	75,937
Other	(9,156)	(13,517)
Total operating income	53,377	62,420
Retirement defined benefits credit—other than service costs	879	917
Interest expense, net	(31,128)	(34,212)
Allowance for borrowed funds used during construction	1,705	1,417
Allowance for equity funds used during construction	3,764	3,585
Interest and dividend income	9,995	12,623
Loss on sale of a subsidiary	—	(13,211)
Income before income taxes	38,592	33,539
Income tax expense	8,142	6,395
Net income	30,450	27,144
Preferred stock dividends of subsidiaries	—	473
Net income for common stock	$30,450	$26,671
Basic earnings per common share	$0.18	$0.15
Diluted earnings per common share	$0.18	$0.15
Weighted-average number of common shares outstanding	172,626	172,478
Net effect of potentially dilutive shares (share-based compensation programs)	700	334
Weighted-average shares assuming dilution	173,326	172,812

ContentsView on SEC.gov

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