Revenues

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:

	Three months ended March 31, 2026
(in thousands)	Electric utility		All other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	238,007	$	—	$	238,007
Electric energy sales - commercial	222,719		—		222,719
Electric energy sales - large light and power	254,596		—		254,596
Electric energy sales - other	4,796		—		4,796
Other sales	—		2,335		2,335
Total revenues from contracts with customers	720,118		2,335		722,453
Revenues from other sources
Regulatory revenue	14,451		—		14,451
Other	9,471		72		9,543
Total revenues from other sources	23,922		72		23,994
Total revenues	$	744,040	$	2,407	$	746,447
Timing of revenue recognition
Total revenues from contracts with customers - services/goods transferred over time	$	720,118	$	2,335	$	722,453

	Three months ended March 31, 2025
(in thousands)	Electric utility		All other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	240,379	$	—	$	240,379
Electric energy sales - commercial	236,501		—		236,501
Electric energy sales - large light and power	262,118		—		262,118
Electric energy sales - other	4,487		—		4,487
Other sales	—		4,165		4,165
Total revenues from contracts with customers	743,485		4,165		747,650
Revenues from other sources
Regulatory revenue	(14,081)		—		(14,081)
Other	8,962		1,539		10,501
Total revenues from other sources	(5,119)		1,539		(3,580)
Total revenues	$	738,366	$	5,704	$	744,070
Timing of revenue recognition
Total revenues from contracts with customers - services/goods transferred over time	$	743,485	$	4,165	$	747,650

There are no material contract assets or liabilities associated with revenues from contracts with customers existing at March 31, 2026 or December 31, 2025. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as “Accounts receivable and unbilled revenues, net” on HEI’s Condensed Consolidated Balance Sheets and “Customer accounts receivable, net” and “Accrued unbilled revenues, net” on Hawaiian Electric’s Condensed Consolidated Balance Sheets.

As of March 31, 2026, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers.