Edison Q1 2021 Earnings Report

Edison International reported increased net income and core EPS year-over-year.

Key Takeaways

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.

GAAP EPS was $0.68; Core EPS was $0.79.

SCE continues to upgrade its infrastructure and invest in new technologies to prevent wildfires

SCE's core EPS increased year-over-year primarily due to lower expenses related to wildfire mitigation activities and employee benefits.

Wildfire mitigation expenses were lower in the first quarter primarily because fewer remediations were identified through the inspection process.

Total Revenue

$2.96B

Previous year: $2.79B