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.
Carly Davenport
Goldman Sachs
8 questions for EIX
Paul Zimbardo
Jefferies Financial Group Inc.
8 questions for EIX
Anthony Crowdell
Mizuho Financial Group
7 questions for EIX
Nicholas Campanella
Barclays
7 questions for EIX
Ryan Levine
Citigroup
7 questions for EIX
Gregg Orrill
UBS Group AG
6 questions for EIX
Richard Sunderland
JPMorgan Securities LLC
5 questions for EIX
Shahriar Pourreza
Guggenheim Partners
4 questions for EIX
Aidan Kelly
JPMorgan Chase & Co.
3 questions for EIX
David Arcaro
Morgan Stanley
3 questions for EIX
Michael Lonegan
Evercore ISI
3 questions for EIX
Angie Storozynski
Seaport Research Partners
2 questions for EIX
David Paz
Wolfe Research, LLC
2 questions for EIX
Nick Campanella
Barclays PLC
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.
- Edison International established $550 million in aggregate principal amount of 4.80% Senior Notes due March 15, 2031 under its Senior Indenture dated September 10, 2010, as supplemented.
- The notes bear interest at 4.80% per annum, payable semi-annually on March 15 and September 15, computed on a 360-day year basis.
- The offering priced on February 23, 2026, at 99.837% of principal (yielding 4.836%, spread of +125 bps to the 3.75% January 31, 2031 U.S. Treasury), with settlement on February 26, 2026.
- Callable prior to February 15, 2031, at a “make-whole” premium of T+20 bps, and at 100% of principal plus accrued interest on or after that date; joint book-runners include BNP Paribas, BofA Securities, Mizuho and Wells Fargo.
- Edison International introduces 2026 core EPS guidance of $5.90–$6.20 and 2027 guidance of $6.25–$6.65, reflecting ~7% growth driven by rate base expansion.
- Southern California Edison plans $38–$41 billion in capital expenditures from 2026–2030, underpinning a ~7% rate base CAGR, with over 85% allocated to distribution grid enhancements.
- Legacy wildfire liabilities resolved via $1.6 billion TKM securitization completed in 2025 and $2.0 billion Woolsey securitization targeted mid-2026, costing customers ~$1.04–$1.18/month.
- California Public Utilities Commission approves 2026–2028 ROE of 10.03% for SCE and maintains its capital structure, securing forward-looking revenue recovery mechanisms.
- Edison International and SCE retain investment-grade ratings (Moody’s Baa2/Baa1; S&P BBB-/BBB-), supporting access to capital for grid modernization and wildfire mitigation.
- Edison International delivered Q4 core EPS of $1.86 and full‐year 2025 core EPS of $6.55, exceeding its guidance range.
- For 2026, EIX forecasts core EPS of $5.90–$6.20 and for 2027 $6.25–$6.65, while reaffirming its 2028 outlook and extending a 5%–7% annual EPS growth target through 2030.
- SCE’s capital plan runs $38 billion–$41 billion from 2026–2030 (including $1.5 billion for AMI 2.0 through 2030), driving roughly 7% rate base growth, with no equity needs expected through 2030.
- The Wildfire Recovery Compensation Program has received 2,300+ claims; SCE enhanced tenant rent coverage and raised legal fee support to 20%, and investigations into the Eaton Fire remain ongoing.
- 2025 core EPS of $6.55, above guidance, with Q4 core EPS of $1.86
- 2026 core EPS guidance of $5.90–$6.20 and 2027 guidance of $6.25–$6.65, reaffirming the 2028 outlook and extending a 5–7% EPS growth target to 2030
- $38–$41 billion capital plan for 2026–2030 (including $1.5 billion for AMI 2.0), supporting ~7% rate base growth through 2030
- 2,300+ claims submitted under SCE’s Wildfire Recovery Compensation Program for the Eaton Fire; equipment likely involved but total liability remains undetermined
- FY 2025 core EPS of $6.55, above guidance, and Q4 core EPS of $1.86 (includes $0.06 preferred stock costs and $0.46 Woolsey true-up)
- 2026 core EPS guidance $5.90–$6.20; 2027 guidance $6.25–$6.65; reaffirmed 2028 outlook and extended 5%–7% EPS growth target through 2030
- $38–$41 billion capital plan for 2026–2030, including $1.5 billion for AMI 2.0 (total >$3 billion through 2033); projected 7% rate base growth and no equity needs through 2030
- Continued wildfire mitigation progress with >7,000 miles of covered conductor installed (>90% of plan) and 93% of high-risk circuits on fast curve settings; 2,300+ claims submitted under WRCP with offers underway
- Edison International delivered Q4 2025 GAAP EPS of $4.80 vs $0.88 in Q4 2024; core EPS rose to $1.86 from $1.05, driven by higher SCE revenue and lower interest expense.
- For full-year 2025, the company achieved GAAP EPS of $11.58 and core EPS of $6.55, exceeding initial guidance and extending a two-decade track record of accuracy.
- EIX introduced 2026 core EPS guidance of $5.90–6.20 and 2027 guidance of $6.25–6.65, reaffirming a 5–7% core EPS CAGR from 2025 through 2030.
- Final decisions on the 2025 GRC, cost-of-capital, and TKM and Woolsey cost-recovery settlement proceedings provide substantial regulatory clarity into the multi-year outlook.
- Legal expense coverage increased to 20% of net damages for claimants represented by counsel, applied retroactively to support rebuilding and recovery.
- Tenant settlement offers cover up to three months of housing assistance at the higher of actual pre-fire rent or monthly fair rental value.
- Updates effective immediately and applied retroactively; program remains voluntary and open through Nov. 30, 2026.
- As of Feb. 18, 2026, the program has received 2,405 claims (nearly 7,000 individuals), extended 593 offers totaling $183 million+, and processed 86 payments totaling $18 million.
- Edison International reported adjusted Q4 EPS of $1.86–$1.87, topping expectations, with revenue growing year-over-year.
- Southern California Edison secured regulatory approvals for wildfire cost-recovery and the 2025 general rate case, boosting Q4 core profit and lowering interest costs.
- The board declared a $0.8775 per share quarterly dividend payable April 30 (record/ex-dividend April 7).
- Management issued 2026 EPS guidance of $5.90–$6.20 and 2027 guidance of $6.25–$6.65, unveiled a $38–$41 billion capital plan through 2030, and extended a 5–7% EPS growth target to 2030.
- The company flagged $1.1 billion in Eaton Fire payments, ongoing regulatory/legal inquiries, and a 2.3 debt-to-equity ratio with 2.97 interest coverage, underscoring leverage risks.
- Fourth-quarter GAAP EPS of $4.80 and core EPS of $1.86, up from $0.88 GAAP and $1.05 core in Q4 2024.
- Full-year GAAP EPS of $11.58 and core EPS of $6.55, compared to $3.33 GAAP and $4.93 core in 2024.
- Introduced 2026 core EPS guidance of $5.90–6.20 and 2027 core EPS guidance of $6.25–6.65, and reaffirmed 5–7% core EPS growth target from 2025–2028 extending to 2030.
- Highlighted regulatory clarity and ongoing wildfire mitigation efforts, including installation of over 7,000 miles of covered conductor (>90% of plan) to enhance grid resilience.
- 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.
Quarterly earnings call transcripts for EDISON INTERNATIONAL.
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