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Dec 31, 2024
Edison Q4 2024 Earnings Report
Edison International reported a decrease in Q4 2024 earnings due to higher operational and interest expenses, partially offset by increased authorized revenue.
Key Takeaways
Edison International's Q4 2024 net income declined to $340 million from $378 million in the prior year. Adjusted EPS also dropped to $1.05 from $1.28. The decline was primarily due to increased operational and interest expenses, although higher authorized revenue provided some offset.
Q4 2024 net income was $340 million, down from $378 million in Q4 2023.
Adjusted EPS declined to $1.05 from $1.28 year-over-year.
Higher operational and interest expenses impacted earnings negatively.
Revenue increased due to adjustments in the General Rate Case.
Forward Guidance
Edison International projects core EPS growth of 5-7% from $5.84 in 2025 to $6.74-$7.14 in 2028.
Positive Outlook
- Continued investment in grid resiliency and wildfire mitigation.
- Strong engagement with policymakers to reinforce regulatory framework.
- Rate case adjustments contributing to increased revenue.
- Expected improvements in cost recovery mechanisms.
- Operational improvements aimed at long-term stability.
Challenges Ahead
- Higher interest and operational expenses could continue impacting profitability.
- Ongoing wildfire-related expenses remain a financial risk.
- Regulatory uncertainty around cost recovery and safety measures.
- Macroeconomic conditions may affect future capital expenditures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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