EDISON INTERNATIONAL (EIX) Earnings History

EDISON INTERNATIONAL - Q3 2025 EarningsBeat

Filed at: Oct 27, 2025, 8:00 PM EDT|Read from source

EXECUTIVE SUMMARY

Edison International reported a strong third quarter with significant year-over-year growth in net income and EPS, driven by regulatory progress and constructive GRC decisions. The company narrowed its full-year EPS guidance, reflecting continued confidence in its financial outlook and ability to deliver on long-term growth targets.

POSITIVE HIGHLIGHTS

  • •

    GAAP EPS increased to $2.16 from $1.33 in the prior year.

    positive
  • •

    Core EPS increased to $2.34 from $1.51 in the prior year.

    positive
  • •

    Net income available to common shareholders increased to $832 million from $516 million in the prior year.

    positive
  • •

    Significant progress on the regulatory front, including a constructive GRC final decision and passage of SB 254, supporting financial stability.

    positive

CONCERNS & RISKS

  • •

    Edison International Parent and Other's third-quarter 2025 core loss per share increased year over year, primarily due to higher interest expense.

    attention
  • •

    Wildfire-related claims, net of recoveries, were $295 million for the three months ended September 30, 2025, compared to $1 million in the prior year.

    attention
  • •

    Wildfire-related claims, net of recoveries, were $(1,010) million for the nine months ended September 30, 2025, compared to $616 million in the prior year, indicating a significant swing.

    attention
  • •

    The company narrowed its 2025 core EPS guidance to $5.95-$6.20, from $5.94-$6.34 previously.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$5.75B
+10.6%
Prior year: $5.20B
Annual (YTD)
$14.10B
N/A
Prior year: $13.62B
Net Income
Quarterly
$888.00M
+53.9%
Prior year: $577.00M
Annual (YTD)
$2.78B
N/A
Prior year: $1.14B
EPS (Diluted)
Quarterly
$2.16
+63.6%
Prior year: $1.32
Annual (YTD)
$6.76
N/A
Prior year: $2.44
Operating Income
Quarterly
$1.43B
+43.9%
Prior year: $995.00M
Annual (YTD)
$4.34B
N/A
Prior year: $2.14B
EPS (Basic)
Quarterly
$2.16
+62.4%
Prior year: $1.33
Annual (YTD)
$6.78
N/A
Prior year: $2.45

MARGIN ANALYSIS

Operating Margin
Current Quarter
24.9%
Prior Year
19.1%
YoY Change
+577 bps
Net Margin
Current Quarter
15.4%
Prior Year
11.1%
YoY Change
+435 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY2025

EIX Core EPS
$5.95—$6.20
Mid-point: $6.08
"Narrowed guidance range"
EIX Basic EPS
$8.05—$8.30
Mid-point: $8.18
"Narrowed guidance range"

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

SPECIAL ITEMS & ADJUSTMENTS

Q3 2025
Asset impairment and other
+$88M
Nine Months Ended Sep 30, 2025
Wildfire-related claims, net of (recoveries)
Includes net earnings recorded in the nine months ended September 30, 2025 related to TKM Settlement Agreement, including ongoing activities after the initial implementation: $1,341 million ($966 million after-tax) of claim costs and $58 million ($42 million after-tax) of legal expenses authorized for recovery, partially offset by shareholder-funded wildfire mitigation expenses of $50 million ($36 million after-tax) and impairment of incremental restoration-related assets of $8 million ($6 million after-tax).
$1,010M
Nine Months Ended Sep 30, 2025
Non-core items for EIX Core EPS calculation
Basic EPS guidance only incorporates non-core items until Sept. 30, 2025.
+$808M
$2.10 per share
Total Impact
$114M$2.10 per share

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Significant progress on the regulatory front this year, further de-risking our financial outlook and bolstering our ability to deliver for customers and investors.

— EDISON INTERNATIONAL, Q3 2025 2025 Earnings Call

The CPUC’s decision on SCE’s 2025 General Rate Case approved 91% of SCE’s proposed capital investments and highlighted the important investments in the grid that provide long-lasting value to customers.

— EDISON INTERNATIONAL, Q3 2025 2025 Earnings Call

Encouraged by the recent passage of Senate Bill 254 and the next phase, which will evaluate reforms to equitably socialize the risks and costs of climate-driven natural disasters.

— EDISON INTERNATIONAL, Q3 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

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Analysis

EIX 10-K Analysis: Wildfire Recovery Works — Until Customers Can't Pay