An update from Edison International ( (EIX) ) is now available.
Edison International reported its fourth-quarter and full-year 2024 financial results, with a fourth-quarter net income of $340 million and full-year net income of $1,284 million. The company has revised its 2025 Core EPS guidance to $5.94-$6.34, reflecting the impact of the TKM settlement, which authorizes $1.6 billion of cost recovery for pre-AB 1054 wildfire. Despite challenges such as higher operation and maintenance expenses, Edison International remains committed to grid resiliency and wildfire mitigation efforts. The company continues to engage with stakeholders to enhance the regulatory framework and ensure safety and reliability in its operations.
More about Edison International
Edison International is one of the largest electric utility holding companies in the United States, focusing on providing clean and reliable energy and energy services through its subsidiaries. Headquartered in Rosemead, California, it is the parent company of Southern California Edison Company, which supplies electricity to 15 million people across Southern, Central, and Coastal California. Edison International also owns Trio, a portfolio of nonregulated businesses offering sustainability and energy advisory services in North America and Europe.
YTD Price Performance: -33.41%
Average Trading Volume: 4,752,228
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.37B
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