Hawaiian Electric (NYSE: HE) returns to profit as wildfire costs drop

NodeGuardian · 2026-04-01T21:46:52+00:00

Hawaiian Electric Industries returned to profitability in 2025, earning $123.1 million after a $1.43 billion loss in 2024, largely due to a drastic reduction in wildfire-related expenses. However, revenue declined and leverage remained high.

NodeGuardian

2026-04-01 21:46:52

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Hawaiian Electric Industries (NYSE: HE) reported a return to profitability in 2025, posting a net income of $123.1 million, a significant improvement from a $1.43 billion loss in 2024. This turnaround was primarily driven by a sharp reduction in wildfire-related expenses, which dropped from $1.4 billion in 2024 to $12.2 million in 2025. The company also saw a modest decline in consolidated revenues and maintained a capital structure with elevated leverage due to ongoing wildfire liabilities.

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