Edison International Earnings Recaps
Q1 2026
Apr 29, 2026
Edison shares finished down 0.9% following first quarter 2026 results, with a generally neutral investor reaction as the company reaffirmed core EPS guidance and continued its focus on wildfire mitigation, grid reliability, and legislative engagement. There was no material disappointment or upside surprise in the print, and management reiterated long-term growth targets.
Key takeaways
- Reported Q1 2026 core EPS was $1.42; management reaffirmed full-year and long-term (5-7% CAGR) core EPS guidance.
- Capital plan and SCE’s regulatory outlook remain unchanged; company highlighted strong visibility into planned investments supporting future growth.
- Wildfire mitigation efforts continue, with 93% of planned grid hardening work in high risk areas completed and deployment of AI/ML technologies to enhance grid inspection and safety.
- Legislative and regulatory developments, particularly around wildfire liability reform and affordability, remain a priority as Edison engages policymakers on potential changes impacting utilities.
- CFO Maria Rigatti announced her upcoming retirement; financial leadership transition is expected, but no operational or guidance changes were indicated.
Q3 2025
Oct 29, 2025
Edison International reported strong third-quarter core EPS of $2.34, significantly up from last year's $1.51, and narrowed its 2025 EPS guidance to a range of $5.95 to $6.20 amid ongoing regulatory advancements.
Key takeaways
- The passage of SB 254 introduces critical support mechanisms for wildfire risk management and aids utility financial stability with a potential $18 billion fund.
- SCE has reached settlements enabling recovery of approximately $3.6 billion from past wildfire costs, enhancing financial metrics and reducing overall financing costs.
- The approved 2025 General Rate Case allows for a base revenue of $9.7 billion, facilitating investments in wildfire mitigation and infrastructure while considering customer affordability.