Jun 30, 2021

Edison Q2 2021 Earnings Report

Edison International's net income matched prior year, while core EPS decreased due to higher depreciation, partially offset by higher FERC revenue and lower wildfire mitigation expenses.

Key Takeaways

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.

Second Quarter 2021 GAAP EPS of $0.84; Core EPS of $0.94

The CPUC issued a proposed decision on track 1 of SCE’s 2021 General Rate Case in July.

SCE continues wildfire mitigation execution, meeting annual inspections target.

Over 540 miles of covered conductor were deployed through the first half of the year.

Total Revenue
$3.32B
Previous year: $2.99B
+11.0%
EPS
$0.94
Previous year: $1
-6.0%
Gross Profit
$1.28B
Previous year: $1.16B
+10.5%
Cash and Equivalents
$84M
Previous year: $524M
-84.0%
Free Cash Flow
-$2.68B
Previous year: -$936M
+186.4%
Total Assets
$71.2B
Previous year: $67.1B
+6.1%

Edison

Edison

Forward Guidance

Edison International will provide 2021 earnings guidance after a final decision has been adopted by the CPUC on track 1 of the Southern California Edison 2021 GRC, consistent with the company's prior practice.