Edison International Posts 27% Q4 Earnings Surprise While Facing Eaton Fire Criminal Probe
Edison International reported fourth-quarter earnings of $1.87 per share, a 27% surprise, on revenues of $5.21 billion, 31% higher year-over-year. Los Angeles County prosecutors are probing potential felony liability for Edison in last year’s Eaton wildfire that killed 19, raising risk of uninsured fines and penalties.
1. Q4 Earnings Beat Consensus
In the quarter ended December 2025, Edison International delivered adjusted earnings of $1.87 per share versus the $1.47 consensus estimate, marking a 27% surprise. Revenue climbed to $5.21 billion from $3.98 billion a year earlier, beating estimates by 19% and contributing to a roughly 19% year-to-date share gain.
2. Los Angeles County DA Probe Over Eaton Fire
The Los Angeles County District Attorney has opened a criminal investigation into whether Edison’s maintenance or operations of an idle transmission line triggered the January 2025 Eaton Canyon wildfire that killed 19. Edison warns it could face material, uninsured fines or restitution if found non-compliant, and any penalties would fall outside insurance, the Wildfire Fund and rate recovery.