Hawaiian Electric Industries (HE) Stock: Profit Jumps on Wildfire Settlement Adjustment

TLDR HEI Q2 profit jumps sharply after Maui wildfire settlement liability remeasurement Core earnings weaken despite Hawaiian Electric’s much higher reported Q2 profit Wildfire settlement adjustment delivers a major non-cash boost to HEI earnings Higher interest and operating costs weigh on Hawaiian Electric core results HEI plans major renewable energy procurement as utility spending stays [...]

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