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- \nFirst-quarter 2026 GAAP EPS of $1.38; core EPS of $1.42<\/p>\n<\/li>\n
- \nFirst\u2011quarter performance reflects continued disciplined execution, steady operational progress, and a clear focus on affordability and other priorities that matter most to our customers, communities, and capital providers<\/p>\n<\/li>\n
- \nAffirmed 2026 core EPS guidance of $5.90-$6.20<\/p>\n<\/li>\n
- \nContinued confidence in delivering 5-7% core EPS growth from 2025-2030<\/p>\n<\/li>\n<\/ul>\n
ROSEMEAD, Calif.–(BUSINESS WIRE<\/a>)–
\nEdison International (NYSE: EIX) today reported first-quarter net income of $531 million, or $1.38 per share, compared to net income of $1,436 million, or $3.73 per share, in the first quarter of last year. As adjusted, first-quarter core earnings were $546 million, or $1.42 per share, compared to core earnings of $528 million, or $1.37 per share, in the first quarter of last year.<\/p>\n\nSouthern California Edison\u2019s first-quarter 2026 core earnings per share (EPS) increased year over year, primarily due to the adoption of the 2025 GRC final decision in the third quarter of 2025, partially offset by the absence of a benefit to interest expense related to cost recoveries authorized under the TKM Settlement Agreement in 2025.<\/p>\n
\nEdison International Parent and Other\u2019s first-quarter 2026 core loss per share decreased year over year, primarily due to lower preferred stock dividends, partially offset by higher interest expense.<\/p>\n
\n\u201cWe are pleased with our start to the year and the momentum across our business,\u201d said Pedro J. Pizarro, president and CEO of Edison International. \u201cOur continued performance reflects disciplined execution and steady operational progress to make communities safer and more resilient, including wildfire mitigation and rebuilding efforts.\u201d<\/p>\n
\nPizarro added, \u201cAt the same time, we remain focused on supporting communities impacted by wildfires, including through the Wildfire Recovery Compensation Program. SCE remains committed to administering the program in a transparent way that is responsive to community needs with fast and fair payments.\u201d<\/p>\n
\nEdison International uses core earnings internally for financial planning and analysis of performance. Core earnings are also used when communicating with investors and analysts regarding Edison International\u2019s earnings results to facilitate comparisons of the company\u2019s performance from period to period. Please see the attached tables to reconcile core earnings to basic GAAP earnings.<\/p>\n
2026 Earnings Guidance<\/span><\/b><\/p>\n
\nThe company affirmed its earnings guidance range for 2026, as summarized in the following table. See the presentation accompanying the company\u2019s conference call for further information and assumptions.<\/p>\n
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