Recent Updates — EIX

Edison International reported third-quarter net income of $724 million, or $1.88 per share, compared to $832 million, or $2.16 per share, in the prior year period. Core earnings were $738 million, or $1.92 per share, down from $901 million, or $2.34 per share, primarily due to the absence of a 2025 general rate case true-up and lower revenue at Southern California Edison. The company reaffirmed its 2026 core earnings per share guidance range of $5.90 to $6.20 and maintained its long-term target of 5% to 7% annual core EPS growth through 2030. Management highlighted ongoing efforts to secure durable wildfire liability reform in California and noted that SCE has hardened approximately 90% of its distribution system in high fire risk areas. Edison International is a utility holding company that provides clean, reliable energy services primarily through its subsidiary Southern California Edison.

Edison International filed an 8-K to furnish a business update presentation dated July 30, 2026, under Regulation FD. The company reaffirmed its 2026 Core EPS guidance of $5.90–$6.20 and provided updated ranges for 2027 ($6.25–$6.65) and 2028 ($6.74–$7.14), reflecting approximately 7% annual rate base growth driven by a $38–$41 billion capital expenditure plan through 2030. Management highlighted progress in wildfire mitigation, noting the completion of over 7,170 miles of covered conductor and ~90% hardening of High Fire Risk Areas, while addressing potential liabilities from the Eaton Fire under California's Wildfire Fund framework. The utility also emphasized sustained load growth projections due to electrification trends. Edison International operates as a regulated electric utility holding company in California.

Edison International reported second-quarter 2026 net income of $534 million, or $1.39 per share, compared to $343 million, or $0.89 per share, in the prior year period. Core earnings were $592 million, or $1.54 per share, up from $374 million, or $0.97 per share, driven by the adoption of the 2025 General Rate Case decision and lower preferred stock dividends at the parent level. The company reaffirmed its full-year 2026 core EPS guidance range of $5.90 to $6.20 and projected a 5-7% compound annual growth rate in core earnings from 2025 through 2030. Edison International operates as an electric utility holding company, primarily serving customers in California through its subsidiary Southern California Edison.

Edison International agreed to sell $500 million in principal amount of its 5.00% Senior Notes due 2028 on April 30, 2026. The company entered into an underwriting agreement to facilitate the issuance of this debt.