Edison Q3 2021 Earnings Report
Key Takeaways
Edison International reported a net loss of $341 million, or $0.90 per share, for the third quarter of 2021, compared to a net loss of $288 million, or $0.76 per share, in the third quarter of 2020. Core earnings were $644 million, or $1.69 per share, compared to $632 million, or $1.67 per share, in the third quarter of 2020.
Third Quarter 2021 GAAP loss per share of $0.90; Core EPS of $1.69
EIX and SCE revise best estimate of total potential losses from 2017/2018 Wildfire/Mudslide Events to $7.5 billion; $5.3 billion has been resolved and $2.2 billion remains to be resolved
SCE executes agreement with CPUC Safety and Enforcement Division (SED) to resolve enforcement actions related to the 2017/2018 Wildfire/Mudslide Events
EIX narrows 2021 EPS guidance to $4.42–4.52. Also reiterates long-term EPS growth rate target of 5–7%
Edison
Edison
Forward Guidance
The company narrowed its earnings guidance range for 2021.