Hawaiian Electric Industries reported Q3 2026 revenue exceeding $1 billion, though operating income fell year-over-year. The company continues making installment payments on its $1.99 billion Maui wildfire settlement, with three annual payments still due through 2029.
- HEI paid the first $479 million annual settlement installment in April 2026 and has made $80 million in partial prepayments toward the second installment.
- Three remaining settlement installments of approximately $479 million each are scheduled for April 2027, 2028, and 2029.
- HEI sold shares in its ASB Capital bank subsidiary IPO, raising $33.9 million, with proceeds earmarked for wildfire settlement prepayments.
- Operating income dropped to $41.2 million from $52 million a year ago, despite overall revenue rising from $790.6 million to over $1 billion.
- Mahipapa, a Hawaiian Electric-linked power entity, filed for Chapter 7 bankruptcy on November 3, 2026, after its power purchase agreement ended.
Source: Stocktitan
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