Earnings summaries and quarterly performance for EDISON INTERNATIONAL.
Executive leadership at EDISON INTERNATIONAL.
Pedro J. Pizarro
President and Chief Executive Officer
Adam S. Umanoff
Executive Vice President, General Counsel and Corporate Secretary
Caroline Choi
Executive Vice President
Maria Rigatti
Executive Vice President and Chief Financial Officer
Steven D. Powell
President and Chief Executive Officer, Southern California Edison
Board of directors at EDISON INTERNATIONAL.
Carey A. Smith
Director
James T. Morris
Director
Jeanne Beliveau-Dunn
Director
Jennifer M. Granholm
Director
Keith Trent
Director
Linda G. Stuntz
Director
Marcy L. Reed
Director
Michael C. Camuñez
Director
Peter J. Taylor
Chair of the Board
Timothy T. O’Toole
Director
Research analysts who have asked questions during EDISON INTERNATIONAL earnings calls.
Anthony Crowdell
Mizuho Financial Group
7 questions for EIX
Nicholas Campanella
Barclays
7 questions for EIX
Carly Davenport
Goldman Sachs
6 questions for EIX
Gregg Orrill
UBS Group AG
6 questions for EIX
Paul Zimbardo
Jefferies Financial Group Inc.
6 questions for EIX
Richard Sunderland
JPMorgan Securities LLC
5 questions for EIX
Ryan Levine
Citigroup
5 questions for EIX
Shahriar Pourreza
Guggenheim Partners
4 questions for EIX
David Arcaro
Morgan Stanley
3 questions for EIX
Michael Lonegan
Evercore ISI
3 questions for EIX
Aidan Kelly
JPMorgan Chase & Co.
2 questions for EIX
Angie Storozynski
Seaport Research Partners
2 questions for EIX
David Paz
Wolfe Research, LLC
2 questions for EIX
Steven Fleishman
Wolfe Research
2 questions for EIX
Agnieszka Storozynski
BofA Securities
1 question for EIX
Konstantin Lednev
Guggenheim Partners
1 question for EIX
Recent press releases and 8-K filings for EIX.
- On December 23, 2025, Edison International entered into a $900 million term loan credit agreement maturing December 22, 2026.
- The loan bears interest at either adjusted Term SOFR + 1.25% or base rate + 0.25% and may be prepaid in whole or in part at any time without penalty.
- Proceeds are earmarked for general corporate and working capital purposes, which may include debt repayment.
- Includes a quarterly financial covenant capping consolidated total recourse indebtedness to consolidated capital at 0.70 to 1.0.
- Tender offers for 5.00% Series B and 5.375% Series A perpetual preferred stock expired on December 19, 2025, with $415.517 million (Series B) and $744.975 million (Series A) in liquidation preference validly tendered.
- The company accepted all validly tendered shares; holders will receive $995 per $1,000 liquidation preference for Series B and $1,000 per $1,000 for Series A, plus accrued dividends.
- The settlement of the offers is expected to occur on December 23, 2025.
- Edison International declared a quarterly common stock dividend of $0.8775 per share, payable Jan. 31, 2026, to shareholders of record on Jan. 7, 2026.
- The annual dividend rate increases to $3.51 per share, up 6% from the prior $3.31 rate.
- This marks the 22nd consecutive annual dividend increase, underscoring confidence in the company’s financial strength and commitment to a 5–7% long-term EPS growth target.
- Edison International has commenced cash tender offers to purchase any and all outstanding Series B 5.00% and Series A 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock.
- Series B: $503,454,000 aggregate liquidation preference outstanding, offer price $995 per $1,000; Series A: $1,159,317,000 outstanding, offer price $1,000 per $1,000.
- Offers expire December 19, 2025 at 5 p.m. New York City time; Settlement Date expected promptly thereafter, payable in cash on hand.
- Offers are subject to the terms and conditions set forth in the Offer to Purchase; holders may withdraw tendered securities before the expiration date.
- Edison International delivered Q3 core EPS of $2.34 vs. $1.51 a year ago, narrowed 2025 core EPS guidance to $5.95–$6.20, and reaffirmed a 5%–7% core EPS CAGR through 2028.
- The CPUC approved SCE’s 2025 General Rate Case, authorizing $9.7 billion of base revenue and roughly $500 million of annual revenue increases for 2026–2028, with 91% of requested capex approved.
- SCE secured recovery of $1.6 billion via the TKM settlement and $2 billion in the Woolsey Fire proceeding (totaling $3.6 billion, or 43% of costs), with securitization proceeds expected mid-2026 upon final CPUC approval.
- California enacted SB 254, establishing up to an $18 billion wildfire continuation account, capping liability by ignition year and permitting securitization for 2025 wildfires ignited Jan 1–Sep 19, with phase 2 reforms due in April 2026.
- Edison forecasts $28–29 billion of capex through 2028 with 7%–8% rate-base growth, expects no equity issuance, and plans to finance via $1.6 billion (TKM) and $2 billion (Woolsey) securitizations while maintaining a 15%–17% FFO/debt ratio.
- Edison delivered Q3 core EPS of $2.34 (vs $1.51 a year ago) and narrowed 2025 core EPS guidance to $5.95–$6.20, reaffirming a 5%–7% EPS CAGR through 2028.
- CPUC approved the TKM wildfire cost recovery of $1.6 billion and SCE settled Woolsey for $2 billion (pending final approval); the 2025 GRC grants $9.7 billion in base revenue and 91% of requested capex.
- SCE’s four-year capital plan totals $28–$29 billion (vs $27–$32 billion prior), driving 7%–8% rate-base growth and backed by $1.6 billion (TKM) and $2 billion (Woolsey) securitizations without equity issuance.
- Near-term load growth is forecast at 1%–3% annually, supported by 29% of Q3 new vehicle sales being zero-emission, with long-term electricity demand expected to nearly double over 20 years.
- EIX reaffirms 2028 Core EPS guidance of $6.74–7.14, reflecting a 5–7% CAGR from 2025 and underscoring its track record of delivering on guidance.
- SCE’s 2025–2028 capital expenditures plan totals $28–29 billion, with over 85% directed to distribution grid investments, driving a 7–8% CAGR in rate base to $56.5 billion by 2028.
- The CPUC’s 2025 GRC decision approved ~92% of SCE’s $9.7 billion base revenue request and 91% of its capital budget, enhancing visibility for planned grid upgrades.
- EIX targets a 45–55% dividend payout ratio on SCE core earnings, marking 21 consecutive years of dividend growth and delivering a ~6% current yield.
- SCE allocates 16% of its capital plan to wildfire mitigation and pursues a net-zero GHG strategy, aiming for carbon neutrality by 2045.
- Q3 core EPS of $2.34, up from $1.51 a year ago, and narrowed 2025 core EPS guidance to $5.95–6.20; reaffirmed 5–7% EPS CAGR through 2028
- California passed SB 254, creating up to $18 billion wildfire backstop and allowing securitization for 2025 wildfires to enhance cost-recovery certainty
- SCE secured settlements to recover $1.6 billion (TKM) and $2 billion (Woolsey) of wildfire costs—totaling 43% of losses—and expects securitization proceeds mid-2026
- 2025 General Rate Case approves $9.7 billion base revenue and 91% of requested CapEx; 2025–28 capital plan set at $28–29 billion, driving 7–8% rate-base growth with no equity issuance
- Narrowed 2025 Core EPS guidance to $5.95–6.20 and reaffirmed 5–7% Core EPS CAGR to $6.74–7.14 by 2028.
- CPUC approved ~92% of SCE’s 2025 base revenue request (~$9.7 billion) and 91% of capex, underpinning a $28–29 billion capital plan and 7–8% rate base CAGR through 2028.
- TKM wildfire settlement of ~$1.6 billion approved with securitization expected by year-end 2025; Woolsey settlement of ~$2.0 billion proposed, pending CPUC approval for mid-2026 financing.
- California SB 254 establishes an $18 billion wildfire fund (50/50 customers/IOUs), excludes $6 billion of wildfire capex from rate base, enhancing financial stability and customer affordability.
- Edison International reported GAAP EPS of $2.16 on net income of $832 million, versus $1.33 on $516 million in Q3 2024.
- Q3 2025 core EPS was $2.34, up from $1.51 in the year-ago quarter, driven by higher revenue from the 2025 GRC final decision.
- The company narrowed 2025 core EPS guidance to $5.95–$6.20 and reiterated confidence in delivering 5–7% core EPS growth from 2025–2028.
- Key regulatory milestones included CPUC approval of 91% of SCE’s 2025 capital investments and passage of SB 254 to support utility financial stability.
Quarterly earnings call transcripts for EDISON INTERNATIONAL.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more