Edison International Reports Q3 2026 Financial Results and Reaffirms Full-Year Guidance

Executive Summary

On October 29, 2026, Edison International (NYSE: EIX) filed a Current Report on Form 8-K under Items 2.02 (Results of Operations and Financial Condition), 7.01 (Regulation FD Disclosure), and 9.01 (Financial Statements and Exhibits). The filing furnished the company's financial results for the third quarter ended September 30, 2026, along with accompanying presentation materials and prepared executive remarks.

Financial Highlights

• GAAP Earnings: Edison International reported Q3 2026 net income of $724 million, or $1.88 per share, compared to $832 million, or $2.16 per share, in Q3 2025.
• Core Earnings: Adjusted core earnings were $738 million, or $1.92 per share, compared to $901 million, or $2.34 per share, in Q3 2025.
• Driver Analysis:
  • Southern California Edison's core EPS declined year-over-year primarily due to retroactive earnings recognized in Q3 2025 upon implementation of the 2025 General Rate Case (GRC) decision, partially offset by authorized escalation revenue in 2026.
  • Edison International Parent and Other core loss per share decreased due to lower preferred stock dividends, partially offset by higher interest expense.

Outlook and Guidance

• Full-Year 2026 Core EPS Guidance: Reaffirmed at $5.90 to $6.20.
• Full-Year 2026 Basic EPS Guidance: Updated to $5.66 to $5.96 (incorporating $0.24 per share of non-core items recorded through September 30, 2026).
• Long-Term Growth Target: Reaffirmed 5% to 7% core EPS growth target from 2025 through 2030.

Strategic & Wildfire Mitigation Updates

• SCE reported it has hardened approximately 90% of its distribution infrastructure in high fire risk areas.
• Management highlighted continued engagement with stakeholders to advance durable wildfire reform in California, emphasizing the need for clear liquidity sources and a true shareholder liability cap independent of the Wildfire Fund.