Edison International Locks In 2026–2028 EPS Targets and Unveils $38–41B Capital Roadmap
EIX sits 52% above its 52-week low of $51.01.
Summary
Edison International reaffirmed multi-year EPS guidance and laid out a $38–41 billion capital plan, while updating investors on Eaton Fire claims and new wildfire legislation benefits.
Key Events · Earnings and Guidance · EIX
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EPS Guidance Reaffirmed
Management reaffirmed 2026 Core EPS guidance of $5.90–6.20, 2027 of $6.25–6.65, and 2028 of $6.74–7.14, representing 5–7% long-term growth.
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$38–41B Capital Plan
A five-year capital expenditure plan of $38–41 billion (2026–2030) targets grid reliability, resilience, and electrification readiness, with over 85% allocated to distribution.
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Eaton Fire Claims Update
More than 4,000 claims have been submitted, over 2,200 offers extended totaling >$775 million, and >$375 million paid to claimants; SCE believes its conduct was consistent with a reasonable utility.
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SB 254 Wildfire Fund Enhancements
A new $18 billion Continuation Account was created with no upfront IOU contribution; SCE's share is ~$145 million/year starting 2029, and the liability cap is now based on the year of ignition.
Analysis · EIX · Energy & Transportation
During its July 2026 business update, Edison International reaffirmed core EPS guidance for 2026 ($5.90–6.20), 2027 ($6.25–6.65), and 2028 ($6.74–7.14), supported by a $38–41 billion five-year capital plan and roughly 7% rate base growth. The presentation also delivered a granular Eaton Fire claims update—more than 4,000 claims submitted, over $775 million in offers extended—and detailed the new $18 billion wildfire Continuation Account under SB 254, which strengthens the liability framework. With no equity issuance forecasted through 2030 and a commitment to investment-grade credit ratings, the update underscores financial resilience despite ongoing wildfire exposure.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EIX was trading at $77.52 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $30.3B. The 52-week trading range was $51.01 to $81.62. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.