Edison Earnings Reports

Edison International's Q4 2024 net income declined to $340 million from $378 million in the prior year. Adjusted EPS also dropped to $1.05 from $1.28. The decline was primarily due to increased operational and interest expenses, although higher authorized revenue provided some offset.

Edison International reported a strong third quarter with increased net income and core earnings. The company narrowed its 2024 core EPS guidance to $4.80-$5.00 and reiterated its long-term core EPS growth rate targets.

Edison International reported a second-quarter net income of $439 million, or $1.14 per share, compared to $354 million, or $0.92 per share, in the second quarter of last year. Core earnings were $475 million, or $1.23 per share, compared to $388 million, or $1.01 per share, in the second quarter of last year. The company reaffirmed its 2024 core EPS guidance of $4.75-$5.05.

Edison International reported a first-quarter net loss of $11 million, or $0.03 per share. Core earnings were $438 million, or $1.13 per share. The company affirmed its 2024 core EPS guidance of $4.75-$5.05 and reiterated long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028.

Edison International reported fourth-quarter net income of $378 million, or $0.99 per share, compared to $415 million, or $1.09 per share, in the fourth quarter of last year. As adjusted, fourth-quarter core earnings were $490 million, or $1.28 per share, compared to core earnings of $437 million, or $1.15 per share, in the fourth quarter of last year.

Edison International reported a net income of $155 million, or $0.40 per share, for the third quarter of 2023, compared to a net loss of $128 million, or ($0.33) per share, in the third quarter of last year. Core earnings were $531 million, or $1.38 per share, compared to core earnings of $564 million, or $1.48 per share, in the third quarter of last year. The company reaffirmed its 2023 core EPS guidance of $4.55-$4.85 and reiterated its long-term core EPS growth target of 5%-7%.

Edison International reported a second-quarter net income of $354 million, or $0.92 per share, compared to $241 million, or $0.63 per share, in the second quarter of last year. Core earnings were $388 million, or $1.01 per share, compared to $357 million, or $0.94 per share, in the second quarter of last year. The company reaffirmed its 2023 core EPS guidance of $4.55-$4.85 and introduced a core EPS growth rate target of 5%-7% for 2025-2028.

Edison International reported a first-quarter net income of $310 million, or $0.81 per share, compared to $84 million, or $0.22 per share, in the first quarter of 2022. 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. The company affirmed its 2023 core EPS guidance range of $4.55-$4.85.

Edison International reported a net income of $415 million, or $1.09 per share, for the fourth quarter of 2022. Core earnings were $437 million, or $1.15 per share. The increase in Southern California Edison's core EPS was primarily driven by higher CPUC-related revenue.

Edison International reported a net loss of $128 million, or $0.33 per share, for the third quarter of 2022, compared to a net loss of $341 million, or $0.90 per share, in the third quarter of 2021. Core earnings were $564 million, or $1.48 per share, compared to core earnings of $644 million, or $1.69 per share, in the third quarter of 2021. The company narrowed its 2022 EPS guidance to $4.48–4.68.

Edison International reported second quarter 2022 net income of $241 million, or $0.63 per share, compared to net income of $318 million, or $0.84 per share, in the second quarter of 2021. As adjusted, second quarter 2022 core earnings were $357 million, or $0.94 per share, compared to core earnings of $356 million, or $0.94 per share, in the second quarter of 2021.

Edison International reported a net income of $84 million, or $0.22 per share, for the first quarter of 2022, compared to $259 million, or $0.68 per share, for the first quarter of 2021. Core earnings were $407 million, or $1.07 per share, compared to core earnings of $301 million, or $0.79 per share, in the first quarter of 2021. The company affirmed its 2022 EPS guidance of $4.40–4.70 and long-term EPS growth rate target of 5–7%.

Edison International reported a net income of $523 million, or $1.38 per share, for the fourth quarter of 2021. Core earnings for the quarter were $440 million, or $1.16 per share.

Edison International reported a net loss of $341 million, or $0.90 per share, for the third quarter of 2021, compared to a net loss of $288 million, or $0.76 per share, in the third quarter of 2020. Core earnings were $644 million, or $1.69 per share, compared to $632 million, or $1.67 per share, in the third quarter of 2020.

Edison International reported second quarter 2021 net income of $318 million, or $0.84 per share, the same as the second quarter of 2020. As adjusted, second quarter 2021 core earnings were $356 million, or $0.94 per share, compared to core earnings of $375 million, or $1.00 per share, in the second quarter of 2020.

Edison International reported a net income of $259 million, or $0.68 per share, for the first quarter of 2021, compared to $183 million, or $0.50 per share, for the first quarter of 2020. Core earnings were $301 million, or $0.79 per share, compared to $228 million, or $0.63 per share for the same period.

Edison International's fourth quarter 2020 net income was $526 million, or $1.39 per share, compared to net income of $143 million, or $0.40 per share, in the fourth quarter 2019. As adjusted, fourth quarter 2020 core earnings were $451 million, or $1.19 per share, compared to core earnings of $355 million, or $0.99 per share, in the fourth quarter 2019.

Edison International reported a net loss of $288 million for the third quarter of 2020, compared to net income of $471 million in the third quarter of 2019. However, core earnings, as adjusted, were $632 million, compared to $519 million in the same period last year. The company narrowed its 2020 earnings guidance range to $4.47 to $4.62 by raising the low end.

Edison International's second quarter 2020 net income was $318 million, or $0.85 per share, compared to $392 million, or $1.20 per share, in the second quarter 2019. As adjusted, second quarter 2020 core earnings were $375 million, or $1.00 per share, compared to core earnings of $515 million, or $1.58 per share, in the second quarter 2019.

Edison International reported a decrease in net income for Q1 2020 compared to Q1 2019, but core earnings remained the same. The company reaffirmed its 2020 earnings guidance and highlighted its commitment to customer support, employee safety, and wildfire risk mitigation.