10-Q quarterly report · filed Nov 7, 2025

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) Q3 2025 10-Q Quarterly Report

Short answer

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $791M (down 15.7% year over year) with net income of $31M.

Q3 2025 key financials · XBRL

Revenue
$791M
−15.7% YoY · +5.9% QoQ
Net income
$31M
+130.0% YoY · +17.5% QoQ
Operating margin
6.6%
EPS (diluted)
$0.17
+121.5% YoY · +6.3% QoQ

Source: XBRL data from the HAWAIIAN ELECTRIC INDUSTRIES INC (HE) Q3 2025 10-Q on SEC EDGAR. USD.

HAWAIIAN ELECTRIC INDUSTRIES INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Near-term headwinds: Maui wildfire liabilities, insurance costs, financing access, potential dilution, trade-policy cost increases
  • Capital constraints: funding requirements for Maui wildfire settlement and continued access to credit and capital markets
  • Operating risks: higher interest rates, fuel-price volatility, supply-chain challenges, regulatory delays and renewable-energy execution

Risk Factors

  • No material risk-factor changes identified; filing refers investors to 2024 Form 10-K risk factors
  • New September 5, 2025 amended credit agreements, indicating updated financing arrangements
  • New September 18, 2025 Hawaiian Electric indenture, creating additional debt-documentation obligations
  • Carried-forward regulatory and legal risks remain concentrated in Hawaiian Electric’s operations per 2024 Form 10-K
  • Carried-forward operational risks include utility reliability, wildfire exposure, and Hawaii market conditions per 2024 Form 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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