Edison International Q2 Core EPS Jumps 58% to $1.54; Reaffirms 2026 Guidance and Long-Term Growth

summarizeSummary

Edison International reported Q2 2026 core EPS of $1.54, up 58% year-over-year, and reaffirmed its full-year guidance and long-term growth targets. The utility continues to execute on wildfire mitigation and cost recovery, supporting a stable financial outlook.

check_boxKey Events · Earnings and Guidance · EIX

• Q2 Core EPS Beats, Up 58% YoY

  Core earnings reached $1.54 per share, compared with $0.97 last year, driven by the 2025 GRC decision and lower preferred dividends.

• 2026 Guidance Reaffirmed

  Full-year core EPS guidance was maintained at $5.90–$6.20, with year-to-date core EPS of $2.97 providing strong first-half support.

• Long-Term Growth Outlook Intact

  Management reiterated a 5–7% core EPS CAGR from 2025 to 2030, underpinned by ~7% rate base growth and a $38–$41 billion capital plan.

• Wildfire Mitigation Progress

  SCE has hardened ~90% of its high-fire-risk distribution system; the Wildfire Recovery Compensation Program has extended over $775 million in offers to impacted communities.

auto_awesomeAnalysis · EIX · Energy & Transportation

A 58% year-over-year surge in core earnings per share to $1.54 highlighted Edison International's second quarter, fueled by higher authorized rates at its Southern California Edison utility. Management reaffirmed its 2026 core EPS guidance of $5.90–$6.20 and a 5–7% long-term growth rate, underscoring confidence in the outlook despite lingering wildfire-related uncertainties. Progress on wildfire mitigation was also evident—about 90% of the high-fire-risk distribution system has been hardened—and the completion of a $2 billion Woolsey securitization bolsters the balance sheet. With no equity issuance planned through 2030 and a clear path to recovering over $11 billion in historical costs by 2027, the results reinforce the investment thesis of steady, regulated growth.