HAWAIIAN ELECTRIC INDUSTRIES INC

HEI is a holding company that operates primarily in the electric utility sector and renewable infrastructure activities. The company maintains a single reportable operating segment, Electric utility, alongside a non-reportable segment that manages sustainable infrastructure holdings and administrative operations. Through its regulated utility subsidiaries—Hawaiian Electric, Hawaii Electric Light, and Maui Electric—the organization generates, purchases, transmits, distributes, and supplies electric power. It delivers electricity to a customer base consisting of residential, commercial, and industrial users, as well as various federal government agencies and military installations.

The enterprise conducts its business exclusively in the State of Hawaii, covering a service area of approximately 5,800 square miles across the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Through five distinct electrical grids, its utilities provide electric service to roughly 95% of the state's population and support over 474,000 customer accounts. As of year-end 2025, the company employs 2,675 workers. HEI maintains its corporate headquarters in Honolulu, Hawaii.

Summary of the business section of Hawaiian Electric Industries's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“Of the 2,203 full time employees of HECO and its subsidiaries as of December 31, 2008, 57% were covered by collective bargaining agreements.”