Hawaiian Electric Industries will release second-quarter earnings on August 7
Hawaiian Electric Power Industries announced that it will release its second quarter 2026 financial results on Friday, August 7, followed by a conference call and webcast at 10:30 a.m. Hawaii time to discuss operations in the current quarter. The upcoming second quarter report will be closely watched by the market. The company's first-quarter report showed mixed financial performance under the combined influence of the Maui wildfire settlement and Hawaii's regulatory decisions. First-quarter earnings per share were $0.18, missing market expectations of $0.28, mainly dragged down by large-scale storm-related expenses and rising operating costs. Analysts currently expect second-quarter earnings per share of about $0.19. Progress in the Maui wildfire settlement is the most important factor affecting the company's finances. The company paid the first of four annual payments of US$479 million on April 10, with the remaining three payments scheduled for 2028 and 2029 respectively. The market is paying attention to whether the company can find an appropriate financing solution for subsequent settlement payments. Jefferies recently lowered the company's target price from $13.75 to $11.75 and maintained an underperform rating, believing that the financing pressure of subsequent payments will largely offset the room for performance recovery. The company's business transformation is also progressing. In March this year, Hawaiian Electric submitted a rate reset application to the regulatory agency, planning to increase the comprehensive basic rate by approximately 5.3%, involving approximately US$170 million, of which approximately US$145 million is scheduled to take effect in 2027. However, Jefferies pointed out that about half of the application amount is expected to actually be converted into profits. In addition, the Waial power plant reconstruction project has received regulatory approval and the first units are expected to be put into operation in 2029. Investors will be watching to see whether the upcoming second-quarter results provide a clearer path toward regulatory approvals and disaster recovery, as well as how the company responds to short-term challenges such as rising fuel costs and pressure on operating expenses.