earnings
confidence high
sentiment positive
materiality 0.82
Edison International Q2 GAAP EPS $1.14, Core EPS $1.23; reaffirms 2024 core EPS guidance $4.75-$5.05
EDISON INTERNATIONAL
2024-Q2 EPS reported
$1.11
revenue$8,414,000,000
- Q2 net income $439M ($1.14 GAAP EPS); core earnings $475M ($1.23 core EPS) vs $0.92/$1.01 YoY.
- Board authorized $200M share repurchase program effective July 29, 2024 through Dec 31, 2025 to offset dilution.
- SCE 84% of planned distribution line hardening complete in high fire risk areas; wildfire risk reduction 85-88%.
- 2025 GRC on track with partial settlements; SCE forecasts 35% higher 10-year load growth.
- Reiterates 2024 core EPS guidance $4.75-$5.05; long-term core EPS CAGR target 5%-7% through 2028.