Edison International Q3 core EPS $1.48; revises wildfire loss estimate up $880M, narrows guidance

EDISON INTERNATIONAL

2022-Q3 EPS reported $0.52 revenue$13,204,000,000

Q3 2022 GAAP loss per share $0.33; core EPS $1.48, down from $1.69 YoY.
SCE increased 2017/2018 wildfire loss estimate by $880M pre-tax, resulting in a $598M after-tax charge.
Narrows 2022 core EPS guidance to $4.48-$4.68 from $4.40-$4.70; reaffirms 5-7% long-term EPS growth.
SCE on pace to complete 4,300 miles of covered conductor by year-end, 43% of overhead miles in HFRA.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EDISON INTERNATIONAL reported the quarter ended September 30, 2022 results: net income net loss of $128 million, EPS $0.33 per share. Guidance reaffirmed.

Period: the quarter ended September 30, 2022
Net income: net loss of $128 million
EPS: $0.33 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Third Quarter 2022 GAAP loss per share of $0.33; Core EPS of $1.48 ● SCE continues excellent WMP progress; on pace to complete 4,300 miles of covered conductor by year-end ● Revises best estimate of expected losses for 2017/2018 Wildfire/Mudslide Events, resulting in net after-tax charge of $598 million ● Narrows 2022 EPS guidance to $4.48–4.68. Also reiterates long-term EPS growth rate target of 5–7%

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Source: SEC EDGAR

accession 0000827052-22-000075

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