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SEC filingEdison International reported Q1 2026 GAAP EPS of $1.38 and core EPS of $1.42, affirmed 2026 core EPS guidance of $5.90-$6.20, and reiterated 5-7% core EPS growth through 2030.
Edison International's Q1 2026 results show GAAP net income of $531 million ($1.38 per share), down from $1,436 million ($3.73 per share) last year due to non-core items including prior-year wildfire-related benefits at SCE. Core earnings rose to $546 million ($1.42 per share) from $528 million ($1.37), reflecting SCE's benefits from the 2025 GRC final decision adoption, partially offset by the absence of TKM Settlement interest expense recovery seen in Q1 2025. SCE core EPS improved to $1.65 from $1.61, while Parent & Other core loss narrowed to $(0.23) from $(0.24) on lower preferred dividends despite higher interest. Management highlights disciplined execution, operational progress in wildfire mitigation (93% complete on high-risk distribution hardening), and AI-driven efficiencies like grid inspections and unbilled revenue detection potentially saving $25 million. CEO Pizarro emphasized community safety via WRCP ($500+ million in offers) and confidence in long-term targets. CFO Rigatti, retiring September 1 with Aaron Moss succeeding July 3, affirmed capex of $38-41 billion through 2030 (~7% rate base CAGR), no equity issuances needed, and guidance reflecting GRC visibility through 2028. Updated 2026 basic EPS guidance narrowed to $5.86-$6.16 (core unchanged after -$0.04 non-core), signaling earnings durability amid regulatory stability.