secwatch.observer — SEC 8-K summary
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Issuer:     EDISON INTERNATIONAL (EIX)
CIK:        0000827052
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000827052-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827052/000082705223000036/0000827052-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92103/000082705223000036/eix-20230502x8k.htm
  HTML page:      https://secwatch.observer/filing/0000827052-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer