Edison International
NYSE:EIX

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Edison International
NYSE:EIX
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Price: 62.7 USD 2.52% Market Closed
Market Cap: 24.3B USD

Edison International
Investor Relations

In the bustling landscape of the American energy sector, Edison International stands as a vital player, orchestrating the complex choreography of electricity generation and distribution in California. Born from the rich industrial era of the late 19th century, Edison International emerged as a forward-thinking entity, primarily through its subsidiary, Southern California Edison (SCE). This subsidiary operates one of the nation's largest electric utilities, delivering electricity to millions of households and businesses across central, coastal, and southern California. The company’s robust infrastructure spans a vast network of power lines and substations, facilitating the seamless flow of electricity from power plants to consumers. Edison International's business model intricately threads regulated utility operations with a focus on renewable energy sources, reflecting a keen commitment to sustainability and environmental responsibility in an era eager for green transitions.

Edison International navigates the energy market with an astute blend of traditional utility operations and forward-looking clean energy initiatives. Revenue streams spring primarily from electricity services, but the company is acutely aware of the shifting paradigms in energy consumption. Thus, it invests substantially in solar, wind, and energy storage projects, both to comply with California's rigorous environmental mandates and to capture growth opportunities in the renewable sector. Through decoupling mechanisms that separate revenue from total sales volume, Edison ensures financial stability even as it encourages energy conservation among its customers. This strategic weaving of operational reliability with environmental conscientiousness not only fortifies Edison against the volatility of contemporary energy markets but also positions it as a progressive leader in the renewable energy movement.

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Earnings Calls

2023 Q4
Feb 22, 2024
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Improved Earnings and Growth Outlook for 2024
2023 Q4
Feb 22, 2024

The company reported a strong financial performance, with a notable earnings per share (EPS) increase from $0.38 in Q4 2022 to $1.03 in Q4 2023, and an adjusted EPS rise from $0.39 to $0.97 over the same period. Yearly, it achieved $2.03 EPS and $2.09 adjusted EPS, delivering a 19% adjusted earnings growth year-over-year, and paid a dividend of $1.76 per share. New rate plans contributed significantly to revenues, anticipating an after-tax impact of $136 million. The company successfully enhanced its financial structures, including a $1.2 billion tax equity transaction for Vineyard Wind, signifying its funding strategy for growth. With a stable credit outlook and no need for equity issuance in 2024, the company introduced an encouraging earnings outlook for 2024, predicting an 8% growth in adjusted EPS, forecasting the range to be $2.17 to $2.32 per share. Future plans involve capitalizing on incremental revenues from rate plans, leveraging 311 megawatts of new wind and solar projects, and expecting over $600 million in additional capital expenditures in 2024. The company also celebrates achieving over 35% women in executive roles, exemplifying its commitment to diversity, equity, and inclusion goals.

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Management

Dr. Pedro J. Pizarro Ph.D.
President, CEO & Director
No Bio Available
Mr. Steven D. Powell
President & CEO of SCE
No Bio Available
Ms. Kara Gostenhofer Ryan
VP, Chief Accounting Officer & Controller
No Bio Available
Mr. Sam Ramraj
Vice President of Investor Relations
No Bio Available
Ms. Marta I. Carreira Slabe
VP & Chief Ethics & Compliance Officer
No Bio Available
Ms. Beth M. Foley
Vice President of Corporate Communications
No Bio Available
Ms. Natalie K. Schilling
Senior VP & Chief Human Resources Officer
No Bio Available
Ms. Caroline Choi
Senior Vice President of Corporate Affairs
No Bio Available
Ms. Jill C. Anderson
Executive Vice President of Operations - SCE
No Bio Available
Ms. Alisa Do
VP & Corporate Secretary
No Bio Available

Contacts

Address
CALIFORNIA
Rosemead
PO Box 800, 2244 Walnut Grove Ave
Contacts
+16263022222.0
www.edison.com