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Mar 31, 2020
Edison Q1 2020 Earnings Report
Edison International's first quarter earnings decreased compared to the previous year, but core earnings remained consistent. The company reaffirmed its full-year earnings guidance and emphasized its focus on customer support, employee safety, and wildfire mitigation.
Key Takeaways
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.
Edison International reported Q1 2020 net income of $183 million, or $0.50 per share, compared to $278 million, or $0.85 per share, in Q1 2019.
Core earnings for Q1 2020 were $228 million, or $0.63 per share, consistent with Q1 2019 core earnings of $206 million, or $0.63 per share.
Southern California Edison's (SCE) Q1 2020 net income was $219 million, or $0.60 per share, lower than Q1 2019's $293 million, or $0.90 per share.
The company reaffirmed its 2020 earnings guidance, with a basic EPS range of $4.19 to $4.49 and a core EPS range of $4.32 to $4.62.
Forward Guidance
Edison International reaffirmed its earnings guidance range for 2020, with a basic EPS range of $4.19 to $4.49 and a core EPS range of $4.32 to $4.62.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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