Edison Q1 GAAP loss $0.03/sh, core EPS $1.13; boosts wildfire loss estimate by $490M

EDISON INTERNATIONAL

2024-Q1 EPS reported -$0.03 revenue$4,078,000,000

Q1 GAAP net loss $11M ($0.03/sh) vs net income $310M ($0.81/sh) a year ago.
Core EPS $1.13 (up 4c YoY) on higher GRC revenue and authorized rate of return.
Increased wildfire loss estimate by $490M ($333M after-tax) due to Woolsey mediation and settlements.
Affirms 2024 core EPS guidance $4.75-$5.05; long-term growth targets 5%-7%.
S&P affirmed credit ratings; lowered FFO-to-debt downgrade threshold to 14% from 15%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EDISON INTERNATIONAL reported the quarter ended March 31, 2024 results: net income net loss of $11 million, EPS $0.03 per share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Net income: net loss of $11 million
EPS: $0.03 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Edison International issued a press release reporting its financial results and the financial results for its subsidiary, Southern California Edison Company, for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000827052-24-000034

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