Edison International's Stock Analysis

Edison International Secures $900 Million Term Loan Agreement

Edison International has entered into a Term Loan Credit Agreement providing for a $900 million term loan, which matures on December 22, 2026. The loan proceeds will be used for general corporate purposes, including potential debt repayment. The interest rate is based on either an adjusted term SOFR plus a margin of 1.25% or a base rate plus a margin of 0.25%. Additionally, the agreement includes a financial covenant that requires the company to maintain a specific debt-to-capital ratio.

The lenders involved in the Term Loan Agreement have previously provided various financial services to Edison International and its subsidiaries. They are also currently lenders under the company's existing revolving credit facilities, totaling $1.5 billion and $3.35 billion for Edison International and Southern California Edison, respectively.

Dec 23, 2025 16:09:27

Edison International Completes Tender Offers for Preferred Stock

Edison International announced the expiration and results of its cash tender offers for its outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, as of December 19, 2025. A total of $415.5 million of Series B and $745 million of Series A preferred stock were validly tendered and accepted for purchase at $995 and $1,000 per share, respectively, plus accrued dividends. The settlement for these transactions is expected to occur on December 23, 2025.

The tender offers were managed by Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Santander US Capital Markets LLC. Edison International is a major electric utility holding company, delivering electricity to approximately 15 million people in California through its subsidiary, Southern California Edison Company. The company also operates Trio, which provides sustainability and energy advisory services across North America and Europe.

Dec 19, 2025 19:15:19

Edison International Announces 2026 Cost of Capital Decision

On December 18, 2025, the California Public Utilities Commission authorized Southern California Edison's cost of capital for 2026, extending the current cost of capital mechanism. The decision outlines SCE’s capital structure and rate of return for 2025 and 2026, which are crucial for the company's financial planning and operational strategy.

Edison International reaffirmed its financial guidance, projecting a core earnings per share (EPS) compound annual growth rate of 5–7% from 2025 to 2028, with a target EPS of $6.74–$7.14 by 2028. The company also expects a 7–8% compound annual rate base growth and a capital plan of $28–29 billion for the same period, with no annual equity needs anticipated. The dividend yield is approximately 6%, contributing to an expected total shareholder return of 11% to 13%.

Dec 18, 2025 17:58:11

Edison International Announces Cash Tender Offers for Preferred Stock

Edison International has initiated cash tender offers to purchase all outstanding shares of its 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A. The offers will expire on December 19, 2025, at 5:00 p.m. New York City time, unless extended or terminated earlier. The purchase price for the Series B Preferred Stock will be $995 per $1,000 liquidation preference, while the Series A Preferred Stock will be purchased at $1,000 per $1,000 liquidation preference, in addition to accrued dividends. The settlement date for the accepted shares is expected to occur shortly after the expiration date.

Holders of the preferred stocks are encouraged to review the tender offer statement and related materials filed with the SEC for important details regarding the offers. The company will finance the purchase with cash on hand and has engaged several financial institutions to assist with the process. Shareholders may withdraw their tendered shares at any time before the expiration date by following the specified procedures. The offers are subject to certain conditions outlined in the offer materials.

Nov 20, 2025 08:24:13

Edison International Updates on Wildfire Mitigation and Investments

Edison International reported on its ongoing efforts to enhance wildfire mitigation and improve infrastructure reliability. The company has invested significantly in wildfire safety measures, including the installation of covered conductors and advanced monitoring technologies. Recent legislation, such as SB 254, aims to provide financial stability for investor-owned utilities, ensuring customer affordability while addressing wildfire risks. The company highlighted its commitment to reducing ignition risks and maintaining safety standards in its operations.

The financial outlook for Edison International includes a projected investment of $28–29 billion in electric infrastructure from 2025 to 2028, driven by the need to modernize the grid and support California's climate goals. The company emphasizes a stable revenue model through regulatory mechanisms that decouple sales from earnings, allowing for consistent cash flow. Edison International aims for a target dividend payout of 45–55% of core earnings, reflecting its focus on maintaining a solid financial foundation while pursuing growth in clean energy and electrification efforts.

Oct 28, 2025 18:43:46

Edison International Reports Third Quarter Financial Results

Edison International reported a net income of $832 million, or $2.16 per share, for the third quarter of 2025, an increase from $516 million, or $1.33 per share, in the same quarter of the previous year. Core earnings for the quarter were $901 million, or $2.34 per share, up from $582 million, or $1.51 per share, a year earlier. The increase in core earnings was attributed to higher revenue resulting from the 2025 General Rate Case decision. The company has narrowed its 2025 core EPS guidance to a range of $5.95 to $6.20, reflecting continued confidence in achieving core EPS growth of 5-7% from 2025 to 2028.

Edison International's management highlighted significant regulatory progress, including the passage of Senate Bill 254, which aims to enhance financial stability for investor-owned utilities. The company noted the approval of 91% of its proposed capital investments in the General Rate Case, which is expected to provide lasting value to customers. Additionally, the company confirmed the Eaton Fire as a

Oct 28, 2025 16:09:31

Edison International Seeks Recovery for Woolsey Fire Losses

Edison International's subsidiary, Southern California Edison Company (SCE), has filed an application with the California Public Utilities Commission (CPUC) to recover costs related to the 2018 Woolsey Fire, amounting to approximately $5.6 billion. As part of a proposed settlement agreement, SCE seeks to recover 35% of these losses, totaling around $2.0 billion, which includes uninsured claims and legal costs incurred. The settlement is subject to approval by the CPUC and may face opposition from other parties involved in the proceeding.

If the Woolsey Settlement Agreement is approved, SCE plans to finance the recovery through securitized bonds, although if this application is denied, the costs will be recovered through rates over five years using long-term debt. Additionally, SCE will recover approximately $71 million of restoration costs. The agreement includes waiving rights to seek recovery for certain uninsured losses, which are estimated at around $157 million, and allows SCE to exclude specific costs from its regulatory capital structure if approved.

Sep 19, 2025 06:58:14

Edison International Updates on Legislation and Settlement Agreement

Edison International and Southern California Edison Company (SCE) reported that on September 13, 2025, the California Legislature approved Senate Bill 254, which is expected to be signed into law by the Governor. This legislation will be discussed by Edison International management in meetings with institutional investors and at investor conferences, with related information available on their investor website.

Additionally, on September 11, 2025, SCE entered into a Subrogation Settlement regarding the 2025 Eaton Fire litigation, agreeing to pay $0.52 for each dollar of claims paid by the Subrogation Claimant, up to a specified cap. The Subrogation Claimant had paid approximately $500 million to its policyholders as of July 31, 2025. The settlement includes a release of all claims against SCE and Edison International related to the Eaton Fire, and SCE believes the fire qualifies for reimbursement from the Wildfire Insurance Fund.

Sep 15, 2025 06:02:04

Edison International Updates on Wildfire Mitigation and Financial Outlook

Edison International, through its subsidiary Southern California Edison (SCE), is focusing on wildfire mitigation and infrastructure improvements as part of a broader strategy to enhance reliability and support California's climate goals. The company is planning to invest between $38 billion and $43 billion from 2023 to 2028 to strengthen its electric infrastructure, which includes extensive upgrades to its grid and the implementation of a comprehensive Wildfire Mitigation Plan. This plan involves investments in new technologies and vegetation management to reduce wildfire risks associated with utility operations.

The regulatory environment in California supports Edison International's financial strategy, providing revenue certainty through mechanisms like revenue decoupling and balancing accounts. These measures help stabilize earnings regardless of fluctuations in electricity sales. Additionally, the company benefits from the Wildfire Insurance Fund established under California Assembly Bill 1054, which provides financial protection against wildfire-related liabilities. The anticipated investment and regulatory support may influence the company's operational stability and future earnings potential.

Jul 31, 2025 18:31:01

Edison International Reports Second Quarter Financial Results

Edison International reported a net income of $343 million, or $0.89 per share, for the second quarter of 2025, a decrease from $439 million, or $1.14 per share, in the same quarter of the previous year. Core earnings were $374 million, or $0.97 per share, down from $475 million, or $1.23 per share, primarily due to increased operational expenses and regulatory impacts. The company continues to recognize revenue based on the 2024 authorized revenue requirement as it awaits a decision on its 2025 General Rate Case (GRC).

The company reaffirmed its 2025 core earnings guidance of $5.94 to $6.34 per share, indicating a projected growth of 5-7% in core earnings from 2025 to 2028. Edison International's management highlighted ongoing investigations related to the Eaton Fire and plans for a Wildfire Recovery Compensation Program. They expressed confidence in legislative actions that could enhance California's regulatory framework for investor-owned utilities, which may positively influence the company's operational stability and future earnings potential.

Jul 31, 2025 16:06:44