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Sep 30, 2020
Edison Q3 2020 Earnings Report
Edison International reported a net loss for Q3 2020, but core earnings improved due to higher CPUC-related revenue and lower wildfire mitigation expenses.
Key Takeaways
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 Q3 net loss was $288 million, or $0.76 loss per share.
Core earnings for Q3 2020 were $632 million, or $1.67 per share.
Improved Q3 results were primarily due to higher CPUC-related revenue and lower expenses from regulatory deferrals related to wildfire mitigation activities.
The company is narrowing its 2020 guidance range to $4.47 to $4.62 by raising the low end.
Forward Guidance
Edison International narrowed its 2020 earnings guidance range to $4.47 to $4.62 by raising the low end.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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