HAWAIIAN ELECTRIC CO INC
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
View on SEC.govAbout 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.
Jun 30, 2026 · Filed Aug 7, 2026
HE$9.08+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Condensed Consolidated Statements of Income (unaudited)
| Three months ended June 30 | Six months ended June 30 | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Revenues | ||||
| Electric utility | $936,864 | $742,482 | $1,680,904 | $1,480,848 |
| Other | 2,839 | 3,910 | 5,246 | 9,614 |
| Total revenues | 939,703 | 746,392 | 1,686,150 | 1,490,462 |
| Expenses | ||||
| Electric utility (includes $154 million benefit for the tort settlement remeasurement) (Note 2) | 718,300 | 677,938 | 1,399,807 | 1,340,367 |
| Other | 17,189 | 14,707 | 28,752 | 33,928 |
| Total expenses | 735,489 | 692,645 | 1,428,559 | 1,374,295 |
| Operating income (loss) | ||||
| Electric utility | 218,564 | 64,544 | 281,097 | 140,481 |
| Other | (14,350) | (10,797) | (23,506) | (24,314) |
| Total operating income | 204,214 | 53,747 | 257,591 | 116,167 |
| Retirement defined benefits credit—other than service costs | 879 | 919 | 1,758 | 1,836 |
| Interest expense, net (Note 2) | (48,383) | (27,256) | (79,511) | (61,468) |
| Allowance for borrowed funds used during construction | 1,997 | 1,462 | 3,702 | 2,879 |
| Allowance for equity funds used during construction | 4,387 | 3,702 | 8,151 | 7,287 |
| Interest and dividend income | 5,284 | 7,579 | 15,279 | 20,202 |
| Loss on sale of a subsidiary and impairment loss on assets held for sale | (3,716) | (178) | (3,716) | (13,389) |
| Income before income taxes | 164,662 | 39,975 | 203,254 | 73,514 |
| Income tax expense | 41,462 | 13,417 | 49,604 | 19,812 |
| Net income | 123,200 | 26,558 | 153,650 | 53,702 |
| Preferred stock dividends of subsidiaries | — | 473 | — | 946 |
| Net income for common stock | $123,200 | $26,085 | $153,650 | $52,756 |
| Basic earnings per common share | $0.71 | $0.15 | $0.89 | $0.31 |
| Diluted earnings per common share | $0.71 | $0.15 | $0.89 | $0.31 |
| Weighted-average number of common shares outstanding | 172,637 | 172,496 | 172,632 | 172,487 |
| Net effect of potentially dilutive shares (share-based compensation programs) | 585 | 159 | 721 | 345 |
| Weighted-average shares assuming dilution | 173,222 | 172,655 | 173,353 | 172,832 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.