Hawaiian Electric’s (HE) Second Quarter Numbers Mask A Harder Truth
Hawaiian Electric (NYSE:HE) reported Q2 net income of $123.2M, or $0.71/share, but the article says much of the gain came from a non-cash Maui wildfire settlement adjustment. Core net income fell to $22.5M ($0.13/share). The company received regulatory approvals for about $350M wildfire mitigation spending and sought a $170M base rate increase, while costs and interest expense rose.



