Edison International (EIX) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.63%. A quarter ago, it was expected that this electric power provider would post earnings of $1.05 per share when it actually produced earnings of $1.22, delivering a surprise of 16.19%.Over the last four qua ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |-------------------------------------------------------------------------------------------|----------------------- ...

Exhibit 99.1 NEWS Edison International Reports Third-Quarter 2024 Results Investor Relations: Sam Ramraj, (626) 302-2540 Media Relations: (626) 302-2255 News@sce.com ● Third-quarter 2024 GAAP EPS of $1.33; Core EPS of $1.51 ● Significant progress in resolving legacy wildfires: Settlement agreement reached on TKM; cost recovery application on Woolsey Fire filed with CPUC ● Narrows 2024 core EPS guidance to $4.80-$5.00 ● Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 20 ...

Investors looking for stocks in the Utility - Electric Power sector might want to consider either Edison International (EIX) or WEC Energy Group (WEC) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our St ...

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SimonSkafar As a dividend investor, I have always been attracted to profitable utility companies trading at high valuations. I am invested in Entergy Corporation (ETR) with an annual dividend yield of 3.86% and Edison International (NYSE:EIX) offering a forward yield of 3.75%. These two companies operate on three macro factors; clean energy, electrification, and technology. In this article, I will explain why EIX is a buy owing to the management's plan to grow its load in line with the increased roll-out of ...

The company incurred GAAP earnings of $1.14 per share compared with earnings of 92 cents per share recorded in the second quarter of 2023. Edison International's second-quarter operating revenues totaled $4.34 billion, which beat the Zacks Consensus Estimate of $4.03 billion by 7.5%. The top line also increased 9.4% from the year-ago quarter's figure of $3.96 billion. During the second quarter of 2024, EIX's total operating expenses increased 6% year over year to $3.44 billion. The operating income amounted ...

Financial Data and Key Metrics - Core EPS for Q2 2024 was $1.23, bringing year-to-date core EPS to $2.37 [9] - The company reaffirmed its 2024 core EPS guidance of $4.75 to $5.05 [9] - SCE's system average rate decreased to $0.267 per kilowatt-hour, lower than at the start of the year [17] - SCE reduced rates by about 2% on June 1, driven by the removal of historical costs [22] - SCE's 10-year load growth forecast increased by 35% compared to the 2022 distribution system plan [14] Business Line Data and Key Metrics - SCE delivered 52% carbon-free power to customers in 2023, 55% cleaner than the national average [30] - SCE contracted approximately 2,200 megawatts of energy storage, bringing the total to 8,100 megawatts [30] - SCE has deployed approximately 5,900 miles of covered conductor, with 84% of plant hardening complete [25] - SCE expects to approach 90% of total distribution lines in high fire risk areas being hardened by the end of 2025 [25] Market Data and Key Metrics - SCE's rate increases through 2028 are projected to align closely with local inflation levels, at 2.6% [23] - SCE's wildfire risk reduction is estimated at 85% to 88% compared to pre-2018 levels [18] - SCE's total hardened miles in high fire risk areas exceed those of all other California IOUs combined [26] Company Strategy and Industry Competition - The company is leading the charge toward a carbon-neutral California, with sustainability at the core of its strategy [12][31] - SCE is focusing on grid investments to support a resilient, equitable clean energy economy [29] - The company is well-positioned to address load growth and resulting capital needs due to its low system average rate among California IOUs [35] Management Commentary on Operating Environment and Future Outlook - Load growth trends are materializing sooner than expected, with potential upside for SCE's CapEx opportunities [12][13] - The company expects new policies to drive higher customer adoption of electric vehicles and building electrification [15] - SCE's operational and financial risk profiles have significantly improved, with wildfire risk reduction exceeding 90% in some scenarios [18][19] Other Important Information - SCE has resolved 98% of TKM individual plaintiff claims and 92% of Woolsey individual plaintiff claims [44] - SCE's 2025 GRC underpins the company's forecast for continued rate base growth [45] - The company has equity needs of only $400 million for the 2025 through 2028 period, despite substantial capital deployment plans [53] Q&A Session Summary Question: GRC Partial Settlement and Remaining Debates [54] - The company has reached partial settlements covering 12 areas of the GRC, representing nearly 20% of the O&M request and about 8% of the capital request [41] - Management is confident in achieving a constructive final decision due to the alignment of intervener proposals with the lower end of the company's range [55][56] Question: Load Growth and Incremental Investment [57] - Load growth is materializing faster than expected, with potential for incremental investment in the planning period through 2028 [57] - The company has flexibility to reprioritize capital within the GRC cycle and may pursue alternative funding mechanisms for additional investments [58][59] Question: Legacy Wildfire Cost Recovery [62] - The company is open to settlements but cannot comment on specific elements of the case at this time [62] - The next steps include a case management statement due on August 7, with hearings scheduled for November or January [63] Question: Capital Allocation and Wildfire Claims Recovery [65] - Recovery from wildfire claims will improve credit metrics, with every $1 billion in recovery improving metrics by 40 to 50 basis points [66] - The company plans to securitize the recovery and may replace higher-cost equity content securities with regular way debt [66][68] Question: 2024 EPS Guidance and Load Demand [70] - The company is confident in achieving its 2024 core EPS guidance of $4.75 to $5.05 [70] - The ability to fund additional capital without additional equity depends on the timing of investments and the company's FFO-to-debt financing framework [71] Question: Load Growth Forecast and EV Impact [74] - The company is seeing 2% to 3% load growth in the near term, with a 10-year forecast showing a 35% increase [74] - Federal incentives, such as those from the Inflation Reduction Act, are helping to lower the cost of the transition to electric vehicles [91][92] Question: NextGen ERP System and Load Growth [87] - The NextGen ERP system application will focus on cost and benefits, particularly in improving work management efficiency [87] - The system is not in competition with load growth investments, as both are necessary for meeting customer demand and running an efficient operation [88] Question: TKM Recovery and Cal Advocates Testimony [95] - The company views the lack of additional testimony from other parties as an opportunity for further engagement and does not read too much into the initial step [96]

Over the last four quarters, the company has surpassed consensus EPS estimates three times. What's Next for Edison International? It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.48 on $4.71 billion in revenues for the coming quarter and $4.92 on $16.5 billion in revenues for the current fiscal year. Portland General Electric's revenues are expected to be $709.44 million, up 9.5% from the year-ago q ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to FORWARD-LOOKING STATEMENTS ● changes in future taxable income, or changes in tax law, that would limit Edison International's and SCE's realization of expected net operating loss and tax credit carryover benefits prior to expiration; | --- | ...