v3.26.1
Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Revenues $ 939,703 $ 746,392 $ 1,686,150 $ 1,490,462
Expenses        
Wildfire tort-related claims (154,000)   (154,000)  
Total expenses 735,489 692,645 1,428,559 1,374,295
Operating income (loss) 204,214 53,747 257,591 116,167
Allowance for equity funds used during construction 4,387 3,702 8,151 7,287
Retirement defined benefits credit—other than service costs 879 919 1,758 1,836
Allowance for borrowed funds used during construction 1,997 1,462 3,702 2,879
Interest income   7,579   20,202
Income before income taxes 164,662 39,975 203,254 73,514
Income tax expense 41,462 13,417 49,604 19,812
Net income attributable to Hawaiian Electric     153,650 53,702
Preferred stock dividends of Hawaiian Electric 0 473 0 946
Net income for common stock 123,200 26,085 153,650 52,756
Hawaiian Electric Company, Inc. and Subsidiaries        
Revenues        
Revenues 936,864 742,482 1,680,904 1,480,848
Expenses        
Fuel oil 336,615 210,587 573,528 449,308
Purchased power 223,559 174,963 368,833 321,680
Other operation and maintenance 166,743 158,217 328,960 301,325
Wildfire tort-related claims (162,383) 0 (162,383) 0
Depreciation 66,447 63,974 132,893 127,993
Taxes, other than income taxes 87,319 70,197 157,976 140,061
Total expenses 718,300 677,938 1,399,807 1,340,367
Operating income (loss) 218,564 64,544 281,097 140,481
Allowance for equity funds used during construction 4,387 3,702 8,151 7,287
Retirement defined benefits credit—other than service costs 1,049 1,052 2,099 2,103
Interest expense and other charges, net (45,351) (21,706) (73,227) (44,158)
Allowance for borrowed funds used during construction 1,997 1,462 3,702 2,879
Interest income 2,713 1,215 6,581 3,196
Income before income taxes 183,359 50,269 228,403 111,788
Income tax expense 45,501 10,620 55,202 23,824
Net income 137,858 39,649 173,201 87,964
Preferred stock dividends of subsidiaries 0 229 0 458
Net income attributable to Hawaiian Electric 137,858 39,420 173,201 87,506
Preferred stock dividends of Hawaiian Electric 0 270 0 540
Net income for common stock $ 137,858 $ 39,150 $ 173,201 $ 86,966