Edison International Posts Strong 2025 and Sets 2026–2027 EPS Targets

Charles Kennedy

Thu, February 19, 2026 at 11:30 AM GMT+9 3 min read

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Edison International delivered a surge in 2025 earnings and rolled out new core EPS guidance for 2026 and 2027, reinforcing its outlook for 5–7% annual earnings growth through the end of the decade.

The California-based utility holding company reported fourth-quarter 2025 GAAP earnings of $4.80 per share, up from $0.88 per share a year earlier, while core earnings came in at $1.86 per share, compared with $1.05 per share in the same period of 2024. Full-year GAAP earnings rose to $11.58 per share from $3.33 per share in 2024, with core earnings climbing to $6.55 per share from $4.93 per share.

The earnings growth was driven primarily by Southern California Edison (SCE), which benefited from revenue recognition tied to its 2025 General Rate Case (GRC) final decision and lower interest expense following cost recoveries authorized under wildfire-related settlement agreements, including Woolsey and TKM. Those regulatory outcomes provided improved earnings visibility and underpinned management’s confidence in its multi-year financial targets.

For 2026, Edison International introduced core EPS guidance of $5.90 to $6.20, followed by a 2027 range of $6.25 to $6.65. The company reiterated its expectation of delivering 5% to 7% compound annual core EPS growth from 2025 through 2028, with plans to extend that trajectory through 2030. The guidance reflects a more normalized earnings profile following a year boosted by regulatory items.

CEO Pedro Pizarro highlighted continued investment in wildfire mitigation and grid resilience as central to the company’s strategy. SCE has now installed more than 7,000 miles of covered conductor in high fire-risk areas, representing over 90% of its planned grid hardening effort. The utility continues to process claims under its Wildfire Recovery Compensation Program, a key element of California’s evolving wildfire liability framework.

The results come as California’s investor-owned utilities operate under heightened regulatory scrutiny and mounting climate-related risks. In recent years, the sector has faced pressure from wildfire liabilities, infrastructure hardening costs, and affordability concerns. Edison noted that earlier this year SCE implemented a 2.3% rate decrease for residential customers and a 5.3% decrease for small and medium-sized businesses, positioning its system average rate as the lowest among California’s major investor-owned utilities.

At the holding company level, Edison International Parent and Other reported a wider core loss year over year, largely due to higher interest expense and a loss associated with preferred stock redemption.

Story Continues  

The board declared a quarterly common stock dividend of $0.8775 per share, payable April 30, 2026, reinforcing the company’s capital return commitment alongside its growth outlook.

Edison International, parent of Southern California Edison and energy advisory firm Trio, is one of the largest electric utility holding companies in the United States, serving roughly 15 million people across Southern, Central, and Coastal California.

By Charles Kennedy for Oilprice.com

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