Edison International beats profit estimates on higher electricity rates

• The Rosemead, California-based utility posted adjusted core earnings of $1.54 per share for the quarter ended June 30, compared with analysts' average estimate of $1.16 per share, according to data compiled by LSEG.
• Southern California Edison, a subsidiary of Edison International, posted second-quarter core earnings of $1.74 per share, benefiting from the adoption of its 2025 general rate-case final decision.
• Regulated utilities determine customer charges for services such as electricity, natural gas, private water and steam through rate-case proceedings.
• Another unit, Edison International Parent and Other's second-quarter core loss per share decreased to 20 cents from 26 cents a year ago, due to lower preferred stock dividends, partially offset by higher interest expenses.

July 30 (Reuters) - Edison International EIX.N beat analysts' estimates for second-quarter profit on Thursday, as the utility benefited from higher electricity rates and growing power demand.

After hitting its second straight annual record high in 2025, U.S. power demand is set to climb further this year and in the next, the Energy Information Administration estimates, as power-hungry data centers and electrification of homes, businesses and transportation drive consumption higher.