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Edison International — Oct 28, 2025 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-25-000099
Open on SEC.gov ↗
Showing in the filing
Share Count (in millions)
“385”
Period
FY2028
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 84
Woolsey ongoing interest expense benefit (pe…
“~18¢”
Woolsey securitization proceeds expected for FY2026
“~$2.0 billion”
TKM ongoing interest expense benefit (per sh…
“~14¢”
Woolsey one-time true-up (per share)
“~44¢”
4-year capital plan for the long term
“$28–29 billion”
Rate base CAGR for FY2025
“7–8%”
Rate Base CAGR for FY2024
“7–8%”
Combined statutory tax rate assumption for the long term
“approximately 28%”
SCE EPS for FY2025
“7.00–7.15”
EIX Parent and Other for FY2025
“(1.05)–(0.95)”
Core EPS for FY2025
“$5.95–6.20”
EIX Consolidated Core EPS for FY2025
“$5.95–6.20”
System Average Rate CAGR for FY2024
“~2.6%”
System average rate CAGR for FY2025
“~2–3%”
Rate Base CAGR for FY2023
“6–8%”
2025–2028 Core EPS CAGR for FY2025
“5–7% (off $5.84)”
Core Earnings per Share for FY2025
“$5.84”
Annual Equity Needs for FY2025–2028
“~$100 MM”
Advanced Metering Infrastructure incremental… for FY2029
“$2bn+”
CAISO-awarded FERC transmission projects inc… for FY2029
“$2bn+”
Capital Expenditures (FERC) for FY2025
“0.5”
Capital Expenditures (FERC) for FY2026
“0.8”
Capital Expenditures (FERC) for FY2028
“0.9”
Capital Expenditures (FERC) for FY2027
“0.9”
Capital Expenditures (Total) for FY2025
“$6.8”
Capital Expenditures (CPUC) for FY2027
“6.8”
Capital Expenditures (Total) for FY2026
“$7.3”
Capital Expenditures (Total) for FY2027
“$7.7”
Capital Expenditures (Total) for FY2028
“$7.5”
Capital Expenditures (Range Case) for FY2025
“$6.6”
Capital Expenditures (CPUC) for FY2028
“6.6”
Capital Expenditures (Range Case) for FY2026
“$7.1”
Capital Expenditures (Range Case) for FY2027
“$7.5”
Capital Expenditures (Range Case) for FY2028
“$7.3”
Rate Base (CPUC) for FY2025
“40.0”
Rate Base (CPUC) for FY2027
“46.3”
Capital Expenditures (CPUC) for FY2025
“6.3”
Rate Base (CPUC) for FY2028
“49.2”
Rate Base (FERC) for FY2026
“7.6”
Rate Base (FERC) for FY2027
“8.0”
Rate Base (FERC) for FY2028
“8.3”
Rate Base (CPUC) for FY2026
“42.8”
SCE Rate Base (Total) for FY2025
“$47.4”
Rate Base (FERC) for FY2025
“7.4”
SCE Rate Base - Total for FY2026
“$50.4”
SCE Rate Base (Total) for FY2027
“$54.3”
SCE Rate Base (Total) for FY2028
“$57.5”
SCE Rate Base CAGR for FY2024
“~8%”
SCE Rate Base (Range Case) for FY2025
“$47.2”
SCE Rate Base (Range Case) for FY2026
“$49.9”
SCE Rate Base (Range Case) for FY2027
“$53.6”
Dividends (Uses) for FY2025
“$6–7”
Net cash provided by operating activities (S… for FY2025
“$26–28”
Incremental Debt (Sources) for FY2025
“$7–9”
SB 254 capex spending expectation for FY2026
“~$500–700 million”
FFO/Debt ratio target
“15–17%”
FFO/Debt ratio target for the long term
“15–17%”
Near-term annual sales growth for FY2025–2028
“~1–3% annual sales growth”
Mid-term cumulative sales growth for FY2035
“~40–50% cumulative sales growth”
Long-term cumulative sales growth for the long term
“~100% cumulative sales growth”
Dividend payout
“45–55% of SCE core earnings”
Target dividend payout for the long term
“45–55% of SCE core earnings”
Load growth for FY2035
“40–50%”
SCE EPS for FY2028
“7.89–8.19”
EIX Parent and Other for FY2028
“(1.15)–(1.05)”
Core Earnings per Share for FY2028
“$6.74–7.14”
EIX Consolidated Core EPS for FY2028
“$6.74–7.14”
SCE Rate Base for FY2028
“$56.5–57.5 billion”
SCE Rate Base (Range Case) for FY2028
“$56.5”
Capital Expenditures (CPUC) for FY2026
“6.5”
Rate Base Mix for FY2028
“~86% CPUC / ~14% FERC”
Cost of Capital (CPUC ROE) for FY2028
“Range of outcomes around current 10.33%”
Cost of Capital (FERC ROE) for FY2028
“10.30%”
Equity Ratios (CPUC) for FY2028
“52%”
Equity Ratios (FERC) for FY2028
“47.5%”
TKM & Woolsey Interest Benefit for FY2028
“~32¢ annual benefit”
Wildfire Debt (SCE) weighted average portfolio for FY2028
“5.3%”
EIX Parent Debt weighted average portfolio for FY2028
“5.4%”
TKM securitization proceeds expected for FY2025
“~$1.6 billion”
Share Count (in millions) for FY2028
“385”
Share Count (in millions) for FY2025
“385”
Basic EIX EPS for FY2025
“$8.05” – “$8.30”
Total Non-Core Items (High) for FY2025
“(2.10)”
Core EIX EPS for FY2025
“$5.95” – “$6.20”
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 GAAP Earnings to EIX Core Earnings Net Income (Loss) Available to Edison International, $ in Millions   27Edison International | Third-Quarter 2025 Earnings Call Q3 2025 Q3 2024 2025 2024 Basic EPS 2.16$ 1.33$ 6.78$ 2.45$ Non-Core Items SCE 2017/2018 Wildfire/Mudslide Events (claims and expenses), net of recoveries (0.01) (0.02) 3.47 (1.26) Other Wildfire Events (claims and expenses), net of recoveries (0.01) (0.01) 0.01 (0.32) Wildfire Insurance Fund expense (0.09) (0.09) (0.28) (0.28) Net charges related to disallowed historical capital expenditures in SCE's 2025 GRC decision (0.20) — (0.20) — Severance costs, net of recovery — (0.11) — (0.11) Income tax (expense) benefit2 0.13 0.05 (0.80) 0.54 Subtotal SCE (0.18) (0.18) 2.20 (1.43) EIX Parent & Other Wildfire claims insured by EIS — — (0.13) — Income tax benefit2 — — 0.03 — Subtotal EIX Parent & Other — — (0.10) — Less: Total non-core items (0.18) (0.18) 2.10 (1.43) Core EPS 2.34$ 1.51$ 4.68$ 3.88$ EIX Core EPS Non-GAAP Reconciliations 1. EPS is based on weighted-average share count of 385 million for both 2025 and 2024 2. 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   28Edison International | Third-Quarter 2025 Earnings Call Low High Basic EIX EPS $8.05 $8.30 Total Non-Core Items1 (2.10) (2.10) Core EIX EPS $5.95 $6.20 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   29Edison International | Third-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 and basic earnings per share (EPS) are prepared in accordance with generally accepted accounting principles used in the United States. Management
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.