HE Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,089	3,087	3,220	3,288	3,421	2,850
Revenue Growth (YoY)	8.03%	-4.13%	-2.06%	-3.90%	20.02%	10.49%
Fuel and Purchased Power Expense	2,810	2,791	4,819	2,967	3,109	2,260
Operations and Maintenance Expenses	-	-	-	-	-	178.2
Gross Profit	278.8	295.5	-1,599	320.14	311.52	412.11
Other Operating Expenses	52.52	60.18	108.05	45.15	31.97	26.04
Operating Income	226.28	235.32	-1,707	274.99	279.56	386.07
Interest Income	49.49	51.94	33.15	24.27	18.7	10.06
Interest Expense	-114.25	-117.33	-127.21	-125.53	-103.4	-94.36
Other Non-Operating Income (Expense)	10.46	-3	9.22	8.57	15.23	9.63
Total Non-Operating Income (Expense)	-54.3	-68.39	-84.84	-92.69	-69.48	-74.68
Pretax Income	171.98	166.93	-1,792	182.3	201.95	310.86
Provision for Income Taxes	42.4	40.65	-470.96	34.53	38.92	62.81
Net Income	96.45	123.12	-1,323	145.88	161.15	246.17
Net Income Attributable to Preferred Dividends	2.69	3.16	1.89	1.89	1.89	1.89
Earnings From Discontinued Operations	-	-	-103.49	53.36	79.99	-
Net Income to Common	96.45	123.12	-1,323	145.88	161.15	246.17
Net Income Growth	-	-	-	-9.48%	-34.54%	24.44%
Shares Outstanding (Basic)	173	173	127	110	109	109
Shares Outstanding (Diluted)	173	173	127	110	110	110
Shares Change (YoY)	21.44%	36.31%	15.35%	0.24%	0.18%	0.21%
EPS (Basic)	0.74	0.71	-11.23	1.82	2.20	2.25
EPS (Diluted)	0.74	0.71	-11.23	1.81	2.20	2.25
EPS Growth	-	-	-	-17.73%	-2.22%	24.31%
Shares Outstanding	172.64	172.62	172.47	110.15	109.47	109.31
Free Cash Flow	-59.33	49.87	83.86	0.64	-5.65	61.15
Free Cash Flow Growth	-	-40.53%	12982.53%	-	-	34.36%
Free Cash Flow Per Share	-0.34	0.29	0.66	0.01	-0.05	0.56
Dividends Per Share	-	-	-	1.080	1.400	1.360
Dividend Growth	-	-	-	-22.86%	2.94%	3.03%
Gross Margin	9.02%	9.57%	-49.65%	9.74%	9.11%	14.46%
Operating Margin	7.32%	7.62%	-53.01%	8.36%	8.17%	13.54%
Profit Margin	4.19%	4.09%	-41.02%	4.49%	4.77%	8.70%
FCF Margin	-1.92%	1.62%	2.60%	0.02%	-0.17%	2.15%
EBITDA	524.08	534.24	-1,413	557.3	549.96	664.77
EBITDA Margin	16.96%	17.31%	-43.89%	16.95%	16.08%	23.32%
EBIT	226.28	235.32	-1,707	274.99	279.56	386.07
EBIT Margin	7.32%	7.62%	-53.01%	8.36%	8.17%	13.54%
Effective Tax Rate	24.65%	24.35%	26.29%	18.94%	19.27%	20.20%

Updated May 8, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q