Edison International reported second quarter 2026 operating revenue of $4.36 billion, a 4% decrease year-over-year. The company posted GAAP EPS of $1.39, compared to $0.89 in the prior-year quarter, while core EPS increased 59% to $1.54, significantly exceeding analyst estimates.
Key Highlights
- Core earnings per share grew to $1.54 from $0.97 in the second quarter of 2025, primarily attributed to the adoption of the 2025 General Rate Case (GRC) final decision.
- The company reaffirmed its full-year 2026 core EPS guidance range of $5.90 to $6.20 and its long-term 5-7% core EPS growth target for 2025-2030.
- Updated on the Wildfire Recovery Compensation Program for the Eaton Fire, with total offers extended to community members now exceeding $775 million.
- SCE successfully completed the Woolsey Fire cost recovery securitization, generating approximately $2 billion in proceeds to recover claims and retire related debt.