Dec 31, 2023

Edison Q4 2023 Earnings Report

Edison International reported increased fourth-quarter core EPS and exceeded WMP covered conductor target.

Key Takeaways

Edison International reported fourth-quarter net income of $378 million, or $0.99 per share, compared to $415 million, or $1.09 per share, in the fourth quarter of last year. As adjusted, fourth-quarter core earnings were $490 million, or $1.28 per share, compared to core earnings of $437 million, or $1.15 per share, in the fourth quarter of last year.

Fourth-quarter 2023 GAAP earnings per share of $0.99; Core EPS of $1.28

Full-year 2023 GAAP EPS of $3.12; Core EPS of $4.76

SCE exceeds WMP covered conductor target of 1,100 miles; total deployment of more than 5,580 miles

EIX introduces 2024 EPS guidance of $4.75-$5.05

Total Revenue
$3.71B
Previous year: $4.02B
-7.7%
EPS
$1.28
Previous year: $1.15
+11.3%
Gross Profit
$1.74B
Previous year: $1.57B
+11.0%
Cash and Equivalents
$380M
Previous year: $914M
-58.4%
Free Cash Flow
-$602M
Previous year: -$468M
+28.6%
Total Assets
$81.8B
Previous year: $78B
+4.8%

Edison

Edison

Forward Guidance

EIX introduces 2024 EPS guidance of $4.75-$5.05