Edison International’s Q4 2024 Earnings Conference Call: Key Insights
On February 27, 2025, Edison International (NYSE: EIX) held its Fourth Quarter 2024 Financial Teleconference. The call was led by Sam Ramraj, Vice President of Investor Relations, and featured remarks from Pedro Pizarro, President, CEO, and Director; Maria Rigatti, Executive Vice President and Chief Financial Officer; and Steven Powell, President, CEO, and Director of Southern California Edison. The conference call was attended by several notable financial analysts, including Nick Campanella from Barclays, Michael Lonegan from Evercore, Paul Zimbardo from Jefferies, Steve Fleishman from Wolfe Research, Ryan Levine from Citi, Shar Pourreza from Guggenheim, Konstantin Lednev from Guggenheim, Anthony Crowdell from Mizuho, and Richard Sunderland from JPMorgan, among others.
Company Highlights
During the call, Edison International’s executives discussed the company’s strong financial performance in Q4 2024. The utility reported earnings per share (EPS) of $1.52, which exceeded analysts’ expectations of $1.48. Revenue for the quarter came in at $5.5 billion, slightly missing estimates of $5.6 billion. The company’s full-year EPS was reported at $5.71, which represented a 3% increase from the previous year.
Operational Performance
Pedro Pizarro highlighted the company’s operational achievements, including the successful integration of Southern California Edison’s energy storage portfolio and the completion of several large-scale solar projects. He also noted that the company had made significant progress in its efforts to reduce carbon emissions, with a 13% reduction in greenhouse gas emissions from its electric generation portfolio in 2024.
Financial Outlook
Maria Rigatti provided an update on the company’s financial outlook for 2025. She noted that Edison International expected to continue its focus on capital investments in its electric utility business, with a particular emphasis on grid modernization and renewable energy projects. The company also announced a new $1 billion share buyback program, which is expected to be completed by the end of 2026.
Impact on Consumers
Steven Powell discussed the impact of Edison International’s operations on consumers. He noted that the company was committed to providing reliable electricity service to its customers, while also working to reduce energy costs through the implementation of energy efficiency programs and the integration of renewable energy sources.
Impact on the World
On a larger scale, Edison International’s focus on grid modernization and renewable energy is part of a broader trend towards decarbonization in the energy sector. The company’s investments in energy storage and renewable energy projects are contributing to the development of a more sustainable and resilient electrical grid. This, in turn, is helping to reduce greenhouse gas emissions and mitigate the impacts of climate change.
Conclusion
Edison International’s strong financial performance in Q4 2024, coupled with its commitment to grid modernization and renewable energy, bodes well for the future of the company and the energy sector as a whole. Consumers can look forward to reliable electricity service, while the world benefits from the company’s contributions to a more sustainable and resilient energy system.
- Edison International reported strong Q4 2024 earnings, with EPS of $1.52 and revenue of $5.5 billion
- Operational highlights included the successful integration of Southern California Edison’s energy storage portfolio and the completion of several large-scale solar projects
- Maria Rigatti announced a new $1 billion share buyback program
- Steven Powell discussed the company’s commitment to providing reliable electricity service and reducing energy costs for consumers
- Edison International’s focus on grid modernization and renewable energy is contributing to a more sustainable and resilient energy system
