Welcome to our dedicated page for Edison International news (Ticker: EIX), a resource for investors and traders seeking the latest updates and insights on Edison International stock.
Edison International reports developments tied to its role as the parent company of Southern California Edison, a regulated electric utility serving approximately 15 million people through 5 million customer accounts across Central, Coastal and Southern California. Recurring news covers utility operations, financial results, customer affordability, grid resilience, wildfire mitigation and rebuilding efforts.
Company updates also include Southern California Edison wildfire recovery compensation programs, dividends on SCE preference stock and related trust preference securities, board and executive governance changes, and workforce initiatives such as lineworker training scholarships. The news flow centers on the regulated utility business, capital-provider communications, community recovery programs and service-area obligations.
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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