EIX Q1 core EPS $1.09, affirms 2023 guidance; wildfire claims estimate up $90M

EDISON INTERNATIONAL

2023-Q1 EPS reported $0.81 revenue$3,966,000,000

Core EPS $1.09 vs $1.07 YoY; GAAP EPS $0.81 vs $0.22; net income $310M.
Affirmed 2023 core EPS guidance $4.55-$4.85 and long-term EPS growth 5%-7% through 2025.
Issued $500M junior subordinated notes; SCE closed $775M securitization for AB 1054 capex.
SCE resolved ~$148M in individual wildfire claims; best estimate reserve increased $90M.
Wildfire risk reduced 75%-80% vs pre-2018; Moody's and Fitch upgraded credit ratings.

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 First Quarter 2023 results: net income $416 million, EPS $1.09.

Period: First Quarter 2023
Net income: $416 million
EPS: $1.09
Result: reported results

Exact text from the filing

As adjusted, first-quarter core earnings were $416 million, or $1.09 per share, compared to core earnings of $407 million, or $1.07 per share, in the first quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EDISON INTERNATIONAL reported Full Year 2023 results: EPS $4.55 to $4.85. Guidance reaffirmed.

Period: Full Year 2023
EPS: $4.55 to $4.85
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Edison International's core EPS for first quarter 2023 was $1.09. We are pleased with our start to the year and are confident in affirming our 2023 core EPS guidance of $4.55 to $4.85.

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

EDISON INTERNATIONAL filing history →

Source: SEC EDGAR

accession 0000827052-23-000036

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