Hawaiian Electric Posts $123.2 Million Q2 Profit as Wildfire Liability Caps Support $12.75 Fair Value
Updated
Updated · Yahoo Finance · Aug 15
Hawaiian Electric Posts $123.2 Million Q2 Profit as Wildfire Liability Caps Support $12.75 Fair Value
1 articles · Updated · Yahoo Finance · Aug 15
Summary
Hawaiian Electric Industries reported Q2 2026 revenue of $939.7 million and net income of $123.2 million, while updating investors on wildfire cost recovery and rate plans.
Recent Hawaii legislation enabling wildfire liability caps, state settlement funding and securitization of safety investments has reduced legal and financial risk tied to the Maui wildfire fallout.
The stock closed at $11.73, down 13.11% over 30 days and 7.13% year to date, even as its one-year total shareholder return remained positive at 2.89%.
A widely followed valuation narrative pegs fair value at $12.75—about 8% above the last close—hinging on margin recovery, grid modernization spending and steadier long-term utility earnings.