Filing Flows › Hawaiian Electric Industries (HE) › Q3 2026 › vs Q2 2026
Hawaiian Electric Industries (HE) Q3 2026 vs Q2 2026 (quarter over quarter)
Hawaiian Electric Industries's revenue rose $69.0M (+7%) from $940M in Q2 2026 to $1.0B in Q3 2026. The biggest changes: Electric energy sales - residential +$40.5M (+14%); Electric energy sales - commercial +$23.7M (+8%); Electric energy sales - large light and power +$18.1M (+5%). Operating margin 4.1% against 21.7% (-17.6 pts).
Hawaiian Electric Industries, Q3 2026: revenue $1.0B (+28% year over year), operating margin 4.1%, net earnings $35.5M, operating cash flow $119M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.1% | 21.7% | -17.6 pts |
| Net margin | 3.5% | 13.1% | -9.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Electric energy sales - large light and power | $360M | $342M | $18.1M | +5% |
| Electric energy sales - residential | $327M | $287M | $40.5M | +14% |
| Electric energy sales - commercial | $313M | $289M | $23.7M | +8% |
| Electric energy sales - other | $5.3M | $5.1M | $217K | +4% |
| Revenue | $1.0B | $940M | $69.0M | +7% |
| Operating profit | $41.2M | $204M | −$163M | -80% |
| Costs & expenses | $967M | $735M | $232M | +32% |
| Pre-tax earnings | $19.5M | $165M | −$145M | -88% |
| Other expense, net | $21.7M | $39.6M | −$17.8M | -45% |
| Income tax benefit | $16.0M | −$41.5M | $57.4M | — |
| Net earnings | $35.5M | $123M | −$87.8M | -71% |
| Depreciation & amortization | $75.0M | $75.4M | −$335K | -0.4% |
| Share-based compensation | $3.5M | $2.6M | $922K | +35% |
| Working capital & other | $5.3M | −$613M | $618M | — |
| Operating cash flow | $119M | −$411M | $531M | — |
| Capital expenditures | $157M | $139M | $18.8M | +14% |
| Negative free cash flow (OCF − capex) | $38.0M | $550M | −$512M | -93% |
Questions
How much did Hawaiian Electric Industries's revenue grow quarter over quarter in Q3 2026?
Hawaiian Electric Industries's revenue rose $69.0M (+7%) from $940M in Q2 2026 to $1.0B in Q3 2026.
What drove Hawaiian Electric Industries's revenue change in Q3 2026?
Electric energy sales - residential +$40.5M (+14%); Electric energy sales - commercial +$23.7M (+8%); Electric energy sales - large light and power +$18.1M (+5%).