Edison International Q2 2026: Core Earnings Surge on Rate Relief, but Eaton Fire Liabilities Loom
EIX sits 54% above its 52-week low of $51.01.
Summary
Edison International's Q2 2026 core earnings rose 58% year-over-year on higher authorized rates, but the Eaton Fire casts a long shadow — $1.6 billion in settlement losses were largely offset by recoveries, yet the ultimate liability remains unknown.
Key Events · Earnings and Guidance · EIX
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Core Earnings Surge on Rate Relief
Q2 2026 core earnings reached $592 million, up from $374 million in Q2 2025, driven by the 2025 GRC final decision that increased SCE's authorized revenue.
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Eaton Fire Settlements Reach $1.6B
SCE recorded $1.6 billion in Eaton Fire settlement losses, with expected recoveries of $917 million from customer-funded self-insurance, $645 million from the Wildfire Fund, and $70 million from FERC rates, resulting in a net after-tax charge of only $9 million.
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Additional Eaton Fire Losses Probable
Management warns that additional material losses from the Eaton Fire are probable but cannot be reasonably estimated, with a bellwether jury trial set for January 2027.
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Liquidity Fortified with $3.2B in New Debt
SCE issued $1.7 billion in first and refunding mortgage bonds and entered into a $1.5 billion term loan; Edison International Parent issued $1.05 billion in senior notes.
Analysis · EIX · Energy & Transportation
Edison International's Q2 2026 core earnings jumped to $592 million from $374 million a year ago, driven by the 2025 GRC final decision that boosted SCE's authorized revenue. The utility recorded $1.6 billion in Eaton Fire settlement losses, offset by expected recoveries from self-insurance, the Wildfire Fund, and FERC rates, limiting the net after-tax charge to just $9 million. However, the company warns that additional material losses are probable and cannot yet be estimated. SCE strengthened liquidity with $1.7 billion in mortgage bonds and a $1.5 billion term loan, while the parent issued $1.05 billion in senior notes. The CEA's April 2026 report to the legislature underscores the systemic wildfire risk that could pressure credit ratings and capital access if left unaddressed. With a bellwether trial set for January 2027, the Eaton Fire remains the dominant uncertainty for investors.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EIX was trading at $78.73 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 8 out of 10.