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Edison International
XMUN:EIX

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Edison International
XMUN:EIX
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Price: 69.5 EUR -0.34%
Market Cap: €26.9B

Edison International
Investor Relations

Edison International is the holding company for Southern California Edison, one of the largest electric utilities in the United States. Its core job is to deliver electricity to homes, businesses, and industrial customers across much of Southern California, using a network of power lines, substations, and other grid equipment. It also buys and manages the power needed to serve customers, but the customer-facing business is mainly about keeping electricity flowing reliably. The company makes money through regulated electric rates set by public regulators. Customers do not shop for Southern California Edison the way they might shop for a retail product; instead, the utility earns allowed returns on the wires, poles, and grid assets it builds and maintains. That makes the business model more like a regulated infrastructure company than a competitive seller of electricity. What makes Edison International different is that its earnings depend heavily on the size, safety, and reliability of the electric system it operates, and on how regulators treat those investments. Its main customers are ratepayers within its service area, while its main counterparties are state and federal regulators that approve how much it can charge and what costs it can recover. This gives the company a stable but tightly controlled role in the power value chain: moving electricity from the grid to end users rather than competing to sell power in an open market.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 28, 2026
AI Summary
Q1 2026

EPS beat: Edison International reported first-quarter core EPS of $1.42 and said the quarter reflected solid execution and strong regulatory visibility.

Guidance reaffirmed: Management reaffirmed its 2026 core EPS range of $5.90 to $6.20 and its longer-term 5% to 7% core EPS growth target.

Capital plan intact: SCE kept its 2026-2030 capital plan at $38 billion to $41 billion and reiterated expected rate base growth of about 7% annually from 2025 to 2030.

Wildfire focus: The company emphasized continued wildfire hardening, with about 93% of planned distribution physical hardening in high fire risk areas complete and more than 7,100 miles of covered conductor deployed.

Legislation watch: Management said California wildfire reform and affordability legislation remains a major focus, but timing is uncertain and the company is pushing for action this year.

Liability uncertainty: Edison said it is still too early to estimate Eaton fire-related losses, even though it has extended more than 1,500 settlement offers totaling over $500 million.

Key Financials
Core EPS
$1.42
Core earnings impact from GRC adoption
$0.05
TKM cost recovery approval impact
about $0.30
Capital plan
$38 billion to $41 billion
Rate base growth
approximately 7%
Distribution hardening completion
about 93% complete
Covered conductor deployed
more than 7,100 miles
Undergrounding deployed
nearly 100 miles
WRCP offers extended
over 1,500
WRCP offers total
over $500 million
WRCP claims filed
over 3,100
Eligible properties
around 18,000
Potential unbilled revenue savings
roughly $25 million
AMI 2.0 capital request
approximately $3.1 billion
New common equity needs
none
FFO-to-debt framework
15% to 17%
Dividend increase
5%, 6%
Earnings Call Recording
Other Earnings Calls

Management

Dr. Pedro J. Pizarro Ph.D.
President, CEO & Director
No Bio Available
Mr. Steven D. Powell
President & CEO of SCE
No Bio Available
Ms. Kara Gostenhofer Ryan
VP, Chief Accounting Officer & Controller
No Bio Available
Mr. Sam Ramraj
Vice President of Investor Relations
No Bio Available
Ms. Marta I. Carreira Slabe
VP & Chief Ethics & Compliance Officer
No Bio Available
Ms. Beth M. Foley
Vice President of Corporate Communications
No Bio Available
Ms. Natalie K. Schilling
Senior VP & Chief Human Resources Officer
No Bio Available
Ms. Caroline Choi
Senior Vice President of Corporate Affairs
No Bio Available
Ms. Jill C. Anderson
Executive Vice President of Operations - SCE
No Bio Available
Ms. Alisa Do
VP & Corporate Secretary
No Bio Available

Contacts

Address
CALIFORNIA
Rosemead
PO Box 800, 2244 Walnut Grove Ave
Contacts
+16263022222.0
www.edison.com
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