Sign in

You're signed outSign in or to get full access.

EDISON INTERNATIONAL (EIX)

--

Earnings summaries and quarterly performance for EDISON INTERNATIONAL.

Recent press releases and 8-K filings for EIX.

Edison International secures $900 million term loan
EIX
Debt Issuance
  • 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.
15 hours ago
Edison International announces results of tender offers for preferred stock
EIX
  • 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.
5 days ago
Edison International raises dividend 6%
EIX
Dividends
  • 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.
Dec 11, 2025, 9:46 PM
Edison International commences tender offers for preferred stock
EIX
Share Buyback
  • 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.
Nov 20, 2025, 1:24 PM
Edison International reports Q3 2025 earnings results
EIX
Earnings
Guidance Update
New Projects/Investments
  • 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.
Oct 28, 2025, 8:30 PM
Edison International reports Q3 2025 financial results
EIX
Earnings
Guidance Update
Debt Issuance
  • 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.
Oct 28, 2025, 8:30 PM
Edison International reports Q3 2025 results
EIX
Earnings
Guidance Update
Dividends
  • 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.
Oct 28, 2025, 8:30 PM
Edison International reports Q3 2025 earnings
EIX
Earnings
Guidance Update
Legal Proceedings
  • 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
Oct 28, 2025, 8:30 PM
Edison International reports Q3 2025 results
EIX
Earnings
Guidance Update
Debt 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.
Oct 28, 2025, 8:30 PM
Edison International reports Q3 2025 results
EIX
Earnings
Guidance Update
  • 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.
Oct 28, 2025, 8:05 PM