Edison International's Stock Analysis

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

Edison International Reports on Wildfire Mitigation Efforts

Edison International provided an update on its wildfire mitigation efforts, highlighting significant investments in infrastructure and safety measures aimed at reducing wildfire risks. The company has implemented various initiatives, including covering over 6,450 miles of conductor and conducting millions of tree trims and inspections in high fire risk areas. These efforts are part of a broader strategy to enhance the reliability and resilience of its electric grid while addressing climate adaptation needs.

The company also emphasized the financial framework established under California Assembly Bill 1054, which includes a $21 billion wildfire insurance fund designed to provide liquidity for claims payments and a cap on utility liability. Edison International's regulatory mechanisms ensure revenue certainty, allowing it to recover costs associated with wildfire-related incidents effectively. The company aims to maintain a target dividend payout of 45-55% of core earnings, supported by a growth strategy focused on electrification and clean energy initiatives.

Apr 29, 2025 18:30:55

Edison International Reports First-Quarter 2025 Financial Results

Edison International announced its first-quarter 2025 results, reporting a net income of $1,436 million, or $3.73 per share, compared to a net loss of $11 million, or $0.03 per share, in the same period last year. Core earnings were $528 million, or $1.37 per share, marking an increase from $438 million, or $1.13 per share, in the previous year. The rise in core earnings is attributed to a benefit from interest expense related to cost recoveries under the TKM Settlement Agreement. The company affirmed its 2025 core EPS guidance of $5.94 to $6.34 and expressed continued confidence in achieving a 5-7% growth in core EPS from 2025 to 2028.

Edison International is actively engaged in rebuilding wildfire-impacted areas in California and is working with state and county leaders to enhance the reliability of its electrical distribution infrastructure. The company is also making regulatory progress, having received approval for the TKM settlement and filed applications for cost of capital and the NextGen ERP. Edison International's efforts focus on improving safety and supporting the community while navigating the challenges posed by extreme weather events and regulatory requirements.

Apr 29, 2025 16:06:14

Edison International Reports on Financial Metrics and Wildfire Mitigation

Edison International announced a significant investment opportunity of $38–43 billion for electric infrastructure from 2023 to 2028, aimed at modernizing the grid and supporting California's climate goals. The company has made substantial progress in wildfire mitigation, including over 6,400 miles of covered conductor installation and extensive vegetation management efforts. The regulatory framework in California provides revenue certainty, with mechanisms like revenue decoupling and balancing accounts to stabilize earnings and support environmental goals.

However, the company faces various risks, including the potential inability to recover costs related to wildfire incidents and the impact of regulatory changes on operational practices. Challenges such as supply chain constraints, rising interest rates, and the need for safety certifications pose additional hurdles. Furthermore, the ongoing threat of extreme weather events and the complexities surrounding the Wildfire Insurance Fund could affect financial stability and operational effectiveness.

Feb 27, 2025 19:28:36

Edison International Reports Changes in EPS and Revenue Metrics

Edison International reported a fourth-quarter 2024 GAAP EPS of $0.88, down from $0.99 in the same quarter last year, while core EPS decreased to $1.05 from $1.28. The company attributed these declines to higher operational and interest expenses, despite increased revenue from authorized rates. For the full year, net income rose to $1,284 million, or $3.33 per share, compared to $1,197 million, or $3.12 per share in 2023, with core earnings also showing an increase from $4.76 to $4.93 per share, largely due to higher authorized revenue and rate of return adjustments. 

On the negative side, the fourth-quarter core loss per share for Edison International Parent and Other increased due to higher interest expenses. Additionally, the company is facing challenges related to wildfire impacts, which have necessitated ongoing investments in grid resilience and operational adjustments. The revised earnings guidance for 2025 reflects the financial implications of the TKM settlement, indicating a cautious outlook as the company navigates these challenges.

Feb 27, 2025 16:06:50