Edison International Stock Earnings Reports

Edison International reported Q3 2025 core EPS of $2.34 (compare: $1.51 prior year, noting a GRC true-up). Management narrowed 2025 core EPS guidance to $5.95–$6.20 and reaffirmed a 5%–7% core EPS CAGR through 2028. California enacted SB 254, which creates up to an $18 billion continuation wildfire account, bases liability caps on year of ignition, and allows securitization for certain 2025 wildfire claims — a legislative change management says materially improves recovery and liquidity dynamics for IOUs. SCE continues to investigate the Eaton Fire; while investigations are ongoing, SCE stated its equipment could be found associated with the ignition and will soon launch a voluntary wildfire recovery compensation program to speed payments and limit escalation. Regulatory progress includes the CPUC-approved TKM settlement (~$1.6B recovery) and a Woolsey settlement authorizing recovery of roughly $2B (subject to CPUC approval), with securitization proceeds expected mid-2026 if approved. The 2025 General Rate Case grants 2025 base revenue of $9.7B and authorizes ~91% of requested capex; SCE expects to harden ~90% of high-fire-risk distribution lines by year-end. Edison outlined a refreshed $28–29B 2025–2028 capital plan, rate base growth of ~7%–8%, and a financing plan that currently does not require common equity issuance (management expects to use securitization and other financing tools and is evaluating early refinancings of holding-company preferreds). Credit agencies reacted favorably overall (Moody’s stable; Fitch removed negative watch; S&P downgraded one notch but expects credit metrics within target). Management emphasized stronger regulatory clarity, improved balance sheet flexibility, and ongoing focus on customer affordability and safety.