05:03 PM EDT, 08/09/2024 (MT Newswires) -- Hawaiian Electric Industries ( HE ) reported a Q2 non-GAAP diluted earnings late Friday of $0.44 per share, down from $0.50 a year earlier.

One analyst polled by Capital IQ expected EPS of $0.49.

Revenue for the quarter ended June 30 was $897.4 million, compared with $895.7 million a year earlier.

No analyst estimates for revenue were available for comparison.

The company raised "going concern" doubts, saying it has no financing plan yet to address the future payment of the $1.71 billion Maui windstorm and wildfire settlement accrued in Q2.

Hawaiian Electric said it is working with its financial advisors to develop a financing plan and intend to finance the settlement payments through a mix of debt, common equity, equity-linked securities, or other potential options.

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