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Edison International — Apr 29, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-25-000042
Open on SEC.gov ↗
Showing in the filing
Incremental Debt (Sources)
“$8–11”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 48
Core Earnings per Share CAGR for the long term
“5–7%”
Core EPS for FY2025
“$5.94–6.34”
Core EPS for FY2028
“$6.74–7.14”
Request for 2026–2028 ROE for FY2026
“11.75%”
Requested ROE (2026 Cost of Capital applicat… for FY2026
“11.75%”
Equity Ratio (no change) for FY2026
“52%”
Update Cost of Debt for FY2026
“4.75%”
Update Cost of Preferred for FY2026
“6.95%”
Requested Annual GRC Revenue Requirement Inc… for FY2025
“~$1,900”
Requested Annual GRC Revenue Requirement Inc… for FY2026
“~$670”
Requested Annual GRC Revenue Requirement Inc… for FY2027
“~$750”
Requested Annual GRC Revenue Requirement Inc… for FY2028
“~$730”
Capital Expenditures (Total) for FY2025
“$7.5”
Capital Expenditures (Total) for FY2026
“$8.1”
Capital Expenditures (Total) for FY2027
“$8.2”
Capital Expenditures (Total) for FY2028
“$7.7”
Capital Expenditures (Range Case) for FY2025
“$6.6”
Capital Expenditures (Range Case) for FY2027
“$6.8”
Capital Expenditures (Range Case) for FY2026
“$6.8”
Capital Expenditures (Range Case) for FY2028
“$6.4”
GRC capex forecast for FY2023
“~$38–43 billion”
Rate Base (Total) for FY2025
“$49.4”
Rate Base (Total) for FY2026
“$53.0”
Rate Base (Total) for FY2027
“$56.8”
Rate Base (Total) for FY2028
“$60.6”
Rate base growth for FY2023
“~6–8%”
Rate Base (Range Case) for FY2025
“$48.1”
Rate Base (Range Case) for FY2026
“$50.4”
Rate Base (Range Case) for FY2027
“$52.8”
Rate Base (Range Case) for FY2028
“$55.3”
Rate Base EPS (based on capex levels) for FY2025
“6.60–6.80”
SCE Op. Variance for FY2025
“1.05–1.25”
SCE Costs Excluded from Authorized for FY2025
“(0.85)–(0.75)”
EIX Parent & Other for FY2025
“(0.88)–(0.93)”
Achievable EPS growth for 2028 Core Earnings… for FY2028
“$6.74–7.14”
Capital Plan (Uses) for the long term
“$27–32”
Dividends (Uses) for FY2025
“$6–7”
Net cash provided by operating activities (S… for FY2025
“$25–28”
Incremental Debt (Sources) for FY2025
“$8–11”
Equity (Sources) for FY2025
“~$0.4”
Target dividend payout of SCE core earnings for the long term
“45–55%”
Dividend payout target
“45–55% of SCE core earnings”
Load growth for FY2045
“80%”
Securitization review and implementation tim… for FY2025
“~6 months”
Securitization proceeds for FY2025
“~$1.6 billion”
Basic EIX EPS for FY2025
“$8.70”
Total Non-Core Items for FY2025
“2.36”
Core EPS for FY2025
“$5.94”
Exhibit 99.1 · the passage around this item
… earlier in the release
Values shown include both SCE and parent debt $5.84 $6.14 $6.74–7.14 2025 Midpoint 2028 Achievable EPS growth for 2028 Core Earnings per Share Guidance1 5–7% CAGR Uses Sources 2025–2028 EIX consolidated financing plan2 $ in Billions Capital Plan $27–32 Dividends3 $6–7 Net cash provided by operating activities $25–28 Incremental Debt4 $8–11 Equity ~$0.4 (excluding one-time TKM settlement true-up) (Includes 14¢ interest expense impact from TKM settlement)   11Edison International | First-Quarter 2025 Earnings Call Rate base and EPS growth aligned with grid safety and reliability 1. Compound annual growth rate (CAGR) based the midpoint of the original 2025 Core EPS guidance range of $5.50–5.90 plus run-rate interest expense reduction resulting from the TKM Settlement Agreement of 14¢ 2. Based on EIX stock price on April 28, 2025 3. Relative to 2022 5–7% Core EPS CAGR1 2025–2028 Underpinned by strong rate base growth of ~6–8% $38–43 billion 2023–2028 capital program ~6% current dividend yield2 21 consecutive years of dividend growth Target dividend payout of 45–55% of SCE core earnings Investments in safety and reliability of the grid Wildfire mitigation execution reduces risk for customers Creates strong foundation for climate adaptation and the clean energy transition One of the strongest electrification profiles in the industry Industry-leading programs for transportation electrification Expected 35% load growth by 2035 and 80% by 20453   ADDITIONAL INFORMATION   13Edison Int
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.