Edison International Q2 Core EPS Jumps 58% to $1.54; Reaffirms 2026 Guidance and Long-Term Growth
EIX sits 54% above its 52-week low of $51.01.
Summary
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.
Key Events · Earnings and Guidance · EIX
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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.
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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.
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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.
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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.
Analysis · 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.
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 $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 positive market sentiment and an importance score of 7 out of 10.