Edison Q3 2022 Earnings Report

Edison International reported a net loss and core earnings per share that decreased year-over-year.

Key Takeaways

Edison International reported a net loss of $128 million, or $0.33 per share, for the third quarter of 2022, compared to a net loss of $341 million, or $0.90 per share, in the third quarter of 2021. Core earnings were $564 million, or $1.48 per share, compared to core earnings of $644 million, or $1.69 per share, in the third quarter of 2021. The company narrowed its 2022 EPS guidance to $4.48–4.68.

Third Quarter 2022 GAAP loss per share of $0.33; Core EPS of $1.48

SCE continues excellent WMP progress; on pace to complete 4,300 miles of covered conductor by year-end

Revises best estimate of expected losses for 2017/2018 Wildfire/Mudslide Events, resulting in net after-tax charge of $598 million

Narrows 2022 EPS guidance to $4.48–4.68. Also reiterates long-term EPS growth rate target of 5–7%