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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues $ 746,447 $ 744,070
Expenses    
Total expenses 693,070 681,650
Operating income (loss) 53,377 62,420
Allowance for equity funds used during construction 3,764 3,585
Retirement defined benefits credit—other than service costs 879 917
Allowance for borrowed funds used during construction 1,705 1,417
Interest income 9,995 12,623
Income before income taxes 38,592 33,539
Income tax expense 8,142 6,395
Net income attributable to Hawaiian Electric 30,450 27,144
Preferred stock dividends of Hawaiian Electric 0 473
Net income for common stock 30,450 26,671
Hawaiian Electric Company, Inc. and Subsidiaries    
Revenues    
Revenues 744,040 738,366
Expenses    
Fuel oil 236,913 238,721
Purchased power 145,274 146,717
Other operation and maintenance 162,217 143,108
Depreciation 66,446 64,019
Taxes, other than income taxes 70,657 69,864
Total expenses 681,507 662,429
Operating income (loss) 62,533 75,937
Allowance for equity funds used during construction 3,764 3,585
Retirement defined benefits credit—other than service costs 1,050 1,051
Interest expense and other charges, net (27,876) (22,452)
Allowance for borrowed funds used during construction 1,705 1,417
Interest income 3,868 1,981
Income before income taxes 45,044 61,519
Income tax expense 9,701 13,204
Net income 35,343 48,315
Preferred stock dividends of subsidiaries 0 229
Net income attributable to Hawaiian Electric 35,343 48,086
Preferred stock dividends of Hawaiian Electric 0 270
Net income for common stock $ 35,343 $ 47,816