secwatch.observer — SEC 8-K summary
======================================

Issuer:     EDISON INTERNATIONAL (EIX)
CIK:        0000827052
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000827052-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827052/000082705224000034/0000827052-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92103/000082705224000034/eix-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0000827052-24-000034

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