Edison
🇺🇸 NYSE:EIX
•
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.
Edison Revenue
Edison EPS
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.
- Potential delays in regulatory approvals impacting revenue growth.