Edison International Earnings Call Transcripts
Fiscal Year 2026
-
Core EPS for Q1 2026 was $1.42, with guidance and long-term growth targets reaffirmed. Strong regulatory clarity, disciplined capital execution, and operational excellence support a 5%-7% EPS growth outlook, with no new equity needs through 2030.
Fiscal Year 2025
-
Core EPS for 2025 exceeded guidance at $6.55, with strong cost management and regulatory clarity. Guidance for 2026–2027 supports 5%-7% EPS growth through 2030, no equity needs, and robust capital plans, while wildfire risk and regulatory stability remain key focus areas.
-
Q3 2025 core EPS rose to $2.34, driven by a GRC true-up, with 2025 EPS guidance narrowed to $5.95-$6.20 and a reaffirmed 5%-7% growth target. Regulatory progress, wildfire liability reform, and major settlements have strengthened financial outlook and capital plans.
-
Q2 2025 core EPS declined year-over-year due to higher O&M and pending GRC decisions, but 2025 EPS guidance and long-term growth targets were reaffirmed. Ongoing wildfire risk, regulatory actions, and legislative changes remain key uncertainties.
-
Core EPS rose to $1.37 in Q1 2025, aided by TKM settlement, with 2025 EPS guidance reaffirmed. Eaton Fire losses are probable but not yet estimable, with wildfire fund access expected to limit financial impact. Regulatory progress and capital investment plans remain on track.
Fiscal Year 2024
-
Core EPS for 2024 exceeded guidance at $4.93, with a 21st consecutive dividend increase and strong progress on wildfire mitigation and regulatory cost recovery. The company remains confident in its 2025 outlook and long-term EPS growth, despite ongoing wildfire-related uncertainties.
-
Core EPS for Q3 2024 was $1.51, with year-to-date EPS at $3.88, supporting narrowed 2024 guidance of $4.80-$5.00. Regulatory progress, wildfire mitigation, and strong capital recovery underpin confidence in meeting 2025 EPS guidance and sustaining 5%-7% CAGR through 2028.
-
Core EPS for Q2 2024 reached $1.23, with YTD at $2.37 and 2024 guidance reaffirmed at $4.75-$5.05. Load growth is accelerating, grid hardening is ahead of schedule, and wildfire risk is significantly reduced. Equity needs remain low, supporting robust capital investment.