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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
Total Non-Core Items
“2.36”
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
SCE non-core items are tax-affected at an estimated statutory rate of approximately 28%; wildfire claims insured by EIS are tax-affected at the federal statutory rate of 21% Reconciliation of EIX Basic Earnings Per Share to EIX Core Earnings Per Share EPS Available to Edison International1   20Edison International | First-Quarter 2025 Earnings Call Low High Basic EIX EPS $8.30 $8.70 Total Non-Core Items1 2.36 2.36 Core EIX EPS $5.94 $6.34 1. Non-core items are presented as they are recorded Earnings Per Share Non-GAAP Reconciliations Reconciliation of EIX Basic Earnings Per Share Guidance to EIX Core Earnings Per Share Guidance 2025 EPS Available to Edison International   21Edison International | First-Quarter 2025 Earnings Call Use of Non-GAAP Financial Measures EIX Investor Relations Contact Sam Ramraj, Vice President Derek Matsushima, Principal Manager (626) 302-2540 (626) 302-3625 Sam.Ramraj@edisonintl.com Derek.Matsushima@edisonintl.com Edison International's earnings are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings (loss) internally for financial planning and for analysis of performance. Core earnings (loss) are also used when communicating with investors and analysts regarding Edison International's earnings results to facilitate comparisons of the company's performance from period to period. Core earnings (loss) are a non-GAAP financial measure and may not be comparable to those of other companies. Core earnings (loss) are defined as earnings attributable to Edison International shareholde
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.