Welcome to our dedicated page for Edison Intl news (Ticker: EIX), a resource for investors and traders seeking the latest updates and insights on Edison Intl stock.
Edison International (NYSE: EIX) news covers developments at one of the nation’s largest electric utility holding companies and its key subsidiaries. The company is headquartered in Rosemead, California and focuses on providing clean and reliable energy and energy services through Southern California Edison and Trio. Southern California Edison delivers electricity to approximately 15 million people via about 5 million customer accounts in a 50,000-square-mile service area across Southern, Central and Coastal California, while Trio provides sustainability and energy advisory services to large organizations in North America and Europe.
News about Edison International often includes financial and capital markets updates, such as quarterly earnings results, guidance discussions, and details of tender offers or redemptions for preferred stock and trust preference securities. Recent press releases describe cash tender offers for fixed-rate reset cumulative perpetual preferred stock, term loan arrangements, and actions related to trust preference securities issued by SCE-related trusts.
Another important category of EIX news involves regulatory and legislative developments. Company communications highlight decisions by the California Public Utilities Commission on cost of capital and general rate cases, wildfire-related cost recovery proceedings, and legislative measures like California Senate Bill 254 and Assembly Bill 1054 that affect wildfire liability and financial stability for investor-owned utilities.
Investors and observers can also find community and corporate responsibility stories, such as announcements about the Edison Scholars STEM scholarship program and tributes to influential company leaders who contributed to California’s energy policy and clean energy movement.
This news page aggregates these types of updates so readers can follow Edison International’s financial disclosures, regulatory milestones, capital structure actions, and community initiatives in one place.
Edison International reported a first-quarter 2024 net loss of $11 million, or $0.03 per share, compared to a net income of $310 million, or $0.81 per share, in the same period last year. The company's first-quarter core earnings were $438 million, or $1.13 per share, showing an increase from the previous year. The company revised its best estimate of expected losses for the 2017/2018 Wildfire/Mudslide Events, resulting in a net after-tax charge of $333 million. Edison International affirmed its 2024 core EPS guidance range of $4.75-$5.05 and reaffirmed its long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028.
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