Filing Flows › Hawaiian Electric Industries (HE) › Q3 2026
Hawaiian Electric Industries (HE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Hawaiian Electric Industries (HE) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +28% from a year earlier and +7% from the quarter before. Operating margin was 4.1%, net earnings $35.5M (3.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +7% | +28% |
| Operating profit | $41.2M | -80% | -21% |
| Net earnings | $35.5M | -71% | +14% |
| Operating cash flow | $119M | — | +19% |
What changed
Revenue was $1.0B in Q3 2026, up 28% year over year and up 7% from the previous quarter. Electric energy sales - large light and power was the largest line at 36% of revenue. Electric energy sales - large light and power added $0.08B year over year (up 29%), 37% of the total change.
Operating profit was $0.04B, a 4.1% margin (down 2.5 points year over year). Operating profit fell $0.01B even though revenue rose $0.22B versus Q3 2025, so costs grew faster than sales. Total costs grew 31% against revenue growth of 28%. Net earnings were $0.04B, up 14% year over year. The effective tax rate was -82.0%.
Operating cash flow was $0.12B (up 19% year over year), 337% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $3.5M of share-based compensation. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Hawaiian Electric Industries' revenue in the third quarter 2026?
Hawaiian Electric Industries (HE) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +28% from a year earlier and +7% from the quarter before.
Was Hawaiian Electric Industries profitable in the third quarter 2026?
Operating profit was $41.2M (4.1% of revenue) and net earnings $35.5M.