📈 Price History

Ratio Health

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— Good

— Average

— Poor

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📊 Sector Averages

About

Edison International, through its subsidiaries, engages in the generation and distribution of electric power.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding EIX

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	49.5K	$3.6M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ↑ Improving 5 quarters analysed

Q2 2025

Mixed

Management expressed confidence in meeting 2025 EPS guidance and long-term growth, but was cautious on the Eaton Fire investigation (no new disclosures) and defensive on affordability/securitization proposals, using phrases like 'devil in the details' and 'not quite ready for primetime'.

Q3 2025

Confident Specific

Management repeatedly highlighted legislative and regulatory progress (SB 254, GRC, Woolsey settlement) as de-risking the outlook and reaffirmed the 5%-7% EPS growth target. Specific language includes 'significant progress', 'constructive and important step', 'we are narrowing our guidance', and 'we remain confident'.

Q4 2025

Confident Specific

The call repeatedly uses phrases like 'disciplined execution', 'confident in our ability to execute', 'we will continue to deliver on these commitments', and provides precise numbers for EPS guidance, rate base growth, and capital plans.

Q1 2026

Confident Specific

Management repeatedly uses phrases like 'disciplined execution', 'strong start', 'confident', and 'reaffirming' guidance. They provide specific numbers (e.g., $1.42 core EPS, $500M+ WRCP offers) and detail on AI savings ($25M potential). No defensive or evasive language; they directly address regulatory and legislative questions.

Q2 2026 latest

Confident Specific

Management reaffirmed 2026 core EPS guidance of $5.90-$6.20 and long-term 5%-7% growth, citing a 'strong start to the first half' while calling Q2 'a data point' and emphasizing full-year delivery. They supplied concrete figures on grid hardening (7,200 miles of covered conductor), WRCP offers (2,200+, $775M), RAMP sizing ($2.5B), and Woolsey securitization ($2B), projecting controlled execution despite legislative uncertainty.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is essentially unchanged after this call, with management reaffirming guidance and highlighting strong H1 results and a visible capital plan through 2028. The key watch item remains the legislative outcome in Sacramento: a credit-supportive wildfire framework would likely preserve access to lower-cost capital and support continued investment, while an unfavorable or incomplete outcome could raise financing costs and lead management to reprioritize future capital. The Eaton Fire liability range remains unresolved, with the WRCP and subrogation settlements still too limited to estimate the low end of the range. Q2 numbers were described as a data point, not a reason to raise guidance, suggesting management is keeping expectations conservative. Next quarter, focus should be on any post-session legislative details, progress toward $1 billion in Wildfire Fund reimbursements, and updates on Eaton claims and DA investigation timing.

AI-generated concall tone analysis · Updated 2026-08-15 · Not investment advice

🎙 Management Tone Confident Specific ↑ Improving 5 quarters Full tone analysis in Intelligence →

In-line quarter Investor Presentation One-Pager? Q2 2026

Net Income

$534M

+56% YoY

What Went Right

Q2 core EPS rose to $1.54 from $0.97 year over year.
SCE has hardened about 90% of 16,800 high-fire-risk distribution miles, including nearly 7,200 miles of covered conductor.
Woolsey Fire securitization raised ~$2 billion; WRCP extended over 2,200 offers totaling over $775 million.

What to Watch

California wildfire legislation remains uncertain; a market-unfavorable outcome could raise equity costs and alter future capital plans.
SCE credit rating sits at BBB- with downgrade risk to non-investment grade, which would increase customer costs.
Eaton Fire liability range still not estimable; WRCP settlement volume is low relative to 30,000+ litigation claims.

Management Guidance

Reaffirmed 2026 core EPS guidance of $5.90-$6.20.
Reaffirmed long-term core EPS growth of 5%-7% from 2025-2030.
SCE capital plan supports ~7% long-term rate base growth; no equity needs through 2030.

Investor Lens

The thesis is modestly stronger after this call: strong Q2 results, reaffirmed guidance, and balance sheet progress (Woolsey securitization, preferred redemptions) all support the investment case. However, the unresolved Sacramento wildfire legislation and potential credit downgrade remain key overhangs that could raise financing costs and influence future capital deployment. The August 31 legislative deadline is the critical near-term catalyst.

From investor presentation · AI-generated analysis · Not investment advice

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📈 STRONG Strong Q2 with core EPS $1.54, guidance reaffirmed

Revenue

Not discussed.

Profitability

Q2 2026 GAAP net income rose to $534 million ($1.39 EPS) from $343 million ($0.89 EPS) a year ago. Core EPS increased to $1.54 from $0.97, driven by the 2025 GRC decision and lower Woolsey interest expense.

Margins

Not discussed.

Balance Sheet

Woolsey Fire securitization closed earlier in the week, generating ~$2 billion in proceeds to recover claims and retire related debt. Preferred stock redemptions completed in Q1 2026 contributed a $0.06 favorable parent-other variance. Management reiterated no equity needs through 2030.

Key Risks

Uncertainty over California wildfire legislation with four weeks left in session; outcome could affect cost of equity and future capital. Potential SCE credit downgrade from BBB- to non-investment grade. Eaton Fire liability still not reliably estimable; WRCP settlements and subrogation recoveries are early (only two insurers settled at $0.55 on the dollar).

Outlook

Reaffirmed 2026 core EPS guidance of $5.90-$6.20 and long-term core EPS growth of 5%-7%. Management sees continued momentum in the capital program and strong regulatory visibility for the rest of the year.

Generated by AI · Q2 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-30

Q2 2026 core EPS rose to $1.54, driven by regulatory decisions and operational strength, supporting reaffirmed 2026 guidance and long-term growth targets. Wildfire mitigation and grid hardening remain priorities, with legislative outcomes expected to impact future capital costs.

Q1 2026 Q1 2026 2026-04-28

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.

Q4 2025 Q4 2025 2026-02-18

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 Q3 2025 2025-10-28

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 Q2 2025 2025-07-31

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.

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