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Jun 30, 2020
Edison Q2 2020 Earnings Report
Edison International reported a net income of $318 million for the second quarter of 2020.
Key Takeaways
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.
Second quarter 2020 net income was $318 million, or $0.85 per share.
Second quarter 2020 core earnings were $375 million, or $1.00 per share.
SCE's second quarter 2020 earnings per share (EPS) decreased by $0.26 from the prior year period.
Edison International is confident in its 2020 earnings guidance.
Edison
Edison
Forward Guidance
The company narrowed its earnings guidance range for 2020.
Positive Outlook
- Low EIX Basic EPS: $4.09
- High EIX Basic EPS: $4.34
- Low EIX Core EPS: $4.37
- High EIX Core EPS: $4.62
Challenges Ahead
- Non-core Items: ($0.28) per share