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Edison International Subsidiary's Preferred Benefits From Reduced Fire Risk
seekingalpha.com· 2024-05-22 03:34
D-Keine I've been looking at the preferred issues of Southern California Edison, the main subsidiary of Edison International (NYSE:EIX), in line with the thesis the market hasn't fully realized how much wildfire risk has decreased for California utilities. SoCal Edison provides electricity for about 15 million people in a 50,000 square-mile area of Central and Southern California. Edison International also owns Edison Energy, a global advisory firm, but it is too small to have a material effect on operation ...
3 Stocks Positioned to Capitalize on California's Battery Industry Surge
InvestorPlace· 2024-05-07 17:09
Battery stocks may be resurgent, even as flagging electric vehicle (EV) sales and similar skepticism have suppressed the wider sector. Increased regulatory refinement and the still-emergent GreenTech revolution increase battery stock picks in the coming months.March 20, the Environmental Protection Agency issued new rules granting U.S. automakers additional time to reduce vehicle CO2 emissions. These revised regulations stipulate more gradual reductions for 2027, 2028 and 2029 before significantly intensify ...
Edison International (EIX) Q1 Earnings Top, Revenues Rise Y/Y
Zacks Investment Research· 2024-05-01 14:51
Edison International (EIX) reported first-quarter 2024 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.12 by 0.9%. The bottom line also increased 3.7% from $1.09 in the year-ago quarter.The company incurred a GAAP loss of 3 cents per share against earnings of 81 cents per share recorded in the first quarter of 2023.Total RevenuesEdison International's first-quarter operating revenues totaled $4.08 billion, which missed the Zacks Consensus Estimate of $4.14 billion by ...
Edison International(EIX) - 2024 Q1 - Earnings Call Transcript
2024-04-30 22:51
Edison International (NYSE:EIX) Q1 2024 Earnings Conference Call April 30, 2024 4:30 PM ET Company Participants Sam Ramraj - Vice President of Investor Relations Pedro Pizarro - President and Chief Executive Officer Maria Rigatti - Executive Vice President and Chief Financial Officer Steven Powell - President and Chief Executive Officer of SCE Conference Call Participants Nick Campanella - Barclays Capital Michael Lonegan - Evercore ISI Gregg Orrill - UBS Securities Jeremy Tonet - J.P. Morgan Ryan Levine - ...
Edison International(EIX) - 2024 Q1 - Earnings Call Presentation
2024-04-30 20:28
Annual Risk of accessing the Wildfire Fund3 1. Baseline risk estimated by Risk Management Solutions, Inc. (Moody's RMS) using its wildfire model, relying on the following data provided by SCE: the location of SCE's assets, CPUC reportable ignitions from 2014–Q3 2023, mitigation effectiveness and locations of installed covered conductor, tree removals, inspections, line clearing, fast curve settings, and PSPS de-energization criteria 2. There are risks inherent in the simulation analysis, models and predicti ...
Edison International(EIX) - 2024 Q1 - Quarterly Report
2024-04-30 20:10
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 March 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to | Commission | Exact Name of Registrant | State or Other Jurisdiction of | IRS Employer | | --- | --- | --- | --- | | File Number | as speci ...
Edison International(EIX) - 2024 Q1 - Quarterly Results
2024-04-30 20:08
Exhibit 99.1 NEWS Investor Relations: Sam Ramraj, (626) 302-2540 Media Relations: (626) 302-2255 News@sce.com Edison International Reports First-Quarter 2024 Results Edison International uses core earnings internally for financial planning and analysis of performance. Core earnings are also used when communicating with investors and analysts regarding Edison International's earnings results to facilitate comparisons of the company's performance from period to period. Please see the attached tables to reconc ...
What Awaits Edison International (EIX) in Q1 Earnings?
Zacks Investment Research· 2024-04-25 13:35
Edison International (EIX) is scheduled to release its first-quarter 2024 results on Apr 30 after market close. The company delivered an earnings surprise of 4.92% in the last reported quarter.The company holds a four-quarter average earnings surprise of 3.21%.  Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayEIX’s service territories saw a mixed temperature pattern in the first quarter. While at the onset of the January-March quarter, warmer-than-n ...
Here's Why Edison International (EIX) is a Strong Growth Stock
Zacks Investment Research· 2024-04-09 14:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...
Want an Exciting Career? Edison International Accepting Applications for Lineworker Scholarship Program Designed to Strengthen a Diverse Workforce
Businesswire· 2024-03-07 21:30
ROSEMEAD, Calif.--(BUSINESS WIRE)--Applications for scholarships up to $25,000 are now being accepted for the 2024 Edison International Lineworker Scholarship Program. Funded by Edison International shareholders and IBEW Local 47, this scholarship is focused on growing Black, Asian Pacific Islander, Native American and female representation in Southern California Edison’s skilled workforce. “Lineworkers are among the front lines of our workforce that is safely delivering reliable power to the 15 million ...