Hawaiian Electric Q2 Core EPS Misses at $0.13, Costs Surge
HE sits 18% above its 52-week low of $10.595.
Summary
Hawaiian Electric's Q2 core EPS of $0.13 missed the sole analyst estimate of $0.17, driven by higher utility costs and interest expenses. Net income of $123.2 million was inflated by a non-cash gain from remeasuring the wildfire settlement liability, masking operational weakness. Management warned that 2026 adjusted O&M will significantly outpace inflation due to insurance, storm response, and maintenance costs, though they are reprioritizing work to mitigate headwinds. This follows the recent 30-year PPA with Kalaeloa Partners for 208 MW of renewable generation, but the cost pressures and core earnings miss raise concerns about the pace of financial recovery post-wildfire settlement. Revenue rose in the second quarter.
At the time of this announcement, HE was trading at $12.55 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $10.60 to $17.38. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.