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Edison International — Jul 31, 2025 release

Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-25-000073
Open on SEC.gov ↗
Showing in the filing
Dividend payout
“45–55% of SCE core earnings”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 83
Rev. Req. Increase (SCE) for FY2027
“0.8”
Core EPS for FY2025
“$5.94–6.34”
Core Earnings per Share for FY2028
“$6.74–7.14”
Rev. Req. Increase (SCE) for FY2025
“1.9”
Rev. Req. Increase (SCE) for FY2028
“0.7”
Rev. Req. Increase (SCE) for FY2026
“0.7”
Rev. Req. Increase (PD) for FY2025
“1.2”
Rev. Req. Increase (PD) for FY2026
“0.5”
Rev. Req. Increase (PD) for FY2028
“0.4”
Rev. Req. Increase (PD) for FY2027
“0.4”
Total Company Rate Base (SCE) for FY2025
“49.4”
Total Company Rate Base (SCE) for FY2026
“53.0”
Total Company Rate Base (SCE) for FY2027
“56.8”
Total Company Rate Base (SCE) for FY2028
“60.6”
Total Company Rate Base (PD) for FY2025
“48.5”
Total Company Rate Base (PD) for FY2026
“51.4”
Total Company Rate Base (PD) for FY2027
“53.1”
Total Company Rate Base (PD) for FY2028
“56.3”
CPUC GRC Capex (SCE) for FY2028
“n/a”
CPUC GRC Capex (SCE) for FY2027
“n/a”
CPUC GRC Capex (SCE) for FY2026
“n/a”
CPUC GRC Capex (PD) for FY2025
“6.2”
Additional miles of covered conductor and ta… for FY2026
“700+ miles”
Wildfire Mitigation Plan investment for FY2026
“$6.2 billion”
Capital Expenditures (CPUC) for FY2025
“6.7”
Capital Expenditures (CPUC) for FY2027
“7.2”
Capital Expenditures (CPUC) for FY2026
“7.2”
Capital Expenditures (CPUC) for FY2028
“7.0”
Capital Expenditures (FERC) for FY2025
“0.8”
Capital Expenditures (FERC) for FY2026
“0.9”
Capital Expenditures (FERC) for FY2028
“0.7”
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”
Capex forecast for FY2023
“~$38–43 billion”
Rate Base (CPUC) for FY2025
“41.8”
Rate Base (CPUC) for FY2026
“45.3”
Rate Base (CPUC) for FY2027
“48.7”
Rate Base (CPUC) for FY2028
“51.8”
Rate Base (FERC) for FY2025
“7.6”
Rate Base (FERC) for FY2026
“7.7”
Rate Base (FERC) for FY2028
“8.8”
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 (FERC) for FY2027
“8.1”
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”
CPUC GRC Capex (SCE) for FY2025
“6.8”
Capital Expenditures (FERC) for FY2027
“1.0”
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)”
Core Earnings per Share for FY2025
“$5.84”
Core EPS (achievable) for FY2028
“$6.74–7.14”
Capital Plan for the long term
“$27–32”
Dividends for FY2025
“$6–7”
Net cash provided by operating activities for FY2025
“$25–28”
Incremental Debt for FY2025
“$8–11”
Equity for FY2025
“~$0.4”
Target dividend payout of SCE core earnings for the long term
“45–55%”
Dividend payout
“45–55% of SCE core earnings”
Expected load growth for FY2035
“35%”
Expected load growth for FY2045
“80%”
Request for 2026–2028 ROE (vs. 2025 authoriz… for FY2026
“11.75%”
Equity Ratio (no change) for FY2026
“52%”
Update Cost of Debt (vs. 2025 authorized of … for FY2026
“4.75%”
Update Cost of Preferred (vs. 2025 authorize… for FY2026
“6.95%”
Securitization proceeds for FY2025
“~$1.6 billion”
Remaining GRC and wildfire-related applicati… for FY2026
“~$2.6 billion”
Basic EIX EPS for FY2025
“$8.22” – “$8.62”
Total Non-Core Items (High) for FY2025
“(2.28)”
Core EIX EPS for FY2025
“$5.94” – “$6.34”
Exhibit 99.1 · the passage around this item
… earlier in the release
Relative to 2022 5–7% Core EPS CAGR1 2025–2028 Underpinned by strong rate base growth of ~6–8% $38–43 billion 2023–2028 capital program ~6% current dividend yield2 21 consecutive years of dividend growth Target dividend payout of 45–55% of SCE core earnings Investments in safety and reliability of the grid Wildfire mitigation execution reduces risk for customers Creates strong foundation for climate adaptation and the clean energy transition One of the strongest electrification profiles in the industry Industry-leading programs for transportation electrification Expected 35% load growth by 2035 and 80% by 20453   ADDITIONAL INFORMATION   12Edison International | Second-Quarter 2025 Earnings Call Key SCE EPS Drivers Higher revenue 0.09$ Higher O&M (0.19) Higher depreciation (0.11) Higher property and other taxes (0.02) Lower interest expense 0.32 Lower other income (0.09) Div on preference stock 0.06 Total core drivers 0.06$ Non-core items1 3.64 Total 3.70$ Total core drivers (0.09)$ Non-core items1 (0.10) Total (0.19)$ EIX EPS YTD 2025 YTD 2024 Variance Basic Earnings Per Share (EPS) SCE 5.22$ 1.52$ 3.70$ EIX Parent & Other (0.60) (0.41) (0.19) Basic EPS 4.62$ 1.11$ 3.51$ Less: Non-core Items1 SCE 2.38$ (1.26)$ 3.64$ EIX Parent & Other (0.10) — (0.10) Total Non-core Items 2.28$ (1.26)$ 3.54$ Core Earnings Per Share (EPS) SCE 2.84$ 2.78$ 0.06$ EIX Parent & Other (0.50) (0.41) (0.09) Core EPS 2.34$ 2.37$ (0.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.