Edison International Exceeds 2025 EPS Targets, Plans $38–$41B Capex
Edison International reported Q4 2025 core EPS of $1.86 and full-year EPS of $6.55, beating guidance high end, and targets $5.90–$6.20 EPS in 2026. The utility plans $38–$41B capex 2026–2030 with ~7% rate base growth, no equity needs, and installed 7,000 miles of covered conductor (over 90% of planned hardening).
1. Earnings Results and Guidance
Edison International reported Q4 2025 core EPS of $1.86 and full-year core EPS of $6.55, surpassing the high end of its guidance range. Management issued 2026 core EPS guidance of $5.90–$6.20 and 2027 guidance of $6.25–$6.65 while reaffirming its long-term core EPS growth targets through 2030.
2. Capital Plan and Rate Base Growth
Southern California Edison outlined a $38–$41 billion capital expenditure plan for 2026–2030, projecting roughly 7% rate base growth and indicating no equity financing needs through 2030. The company also plans to securitize about $2 billion of Woolsey-related costs, pending regulatory approval.
3. Wildfire Mitigation and Cost Recovery
The utility has installed 7,000 miles of covered conductor—over 90% of its grid hardening target—and deployed fast curve settings on 93% of high fire risk circuits. Its Wildfire Recovery Compensation Program has received more than 2,300 claims and now offers up to three months of rent support and 20% legal fee coverage.