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Edison International — Feb 18, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-26-000010
Open on SEC.gov ↗
Showing in the filing
Dividend payout target
“45–55% of SCE core earnings”
Period
The long term
Measure
Declared action
Source
Prose
All guidance in this release · 114
Core EPS CAGR for the long term
“5–7%”
Advanced Metering Infrastructure 2.0 capital…
“>$3 billion”
Advanced Metering Infrastructure 2.0 capital… for the long term
“>$3 billion”
Five-year capex plan for FY2026
“~$38–$41 billion”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2026
“6.5”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2028
“6.7”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2027
“6.7”
SCE Capital Expenditures - FERC ($ in Billio… for FY2028
“0.9”
SCE Capital Expenditures - FERC ($ in Billio… for FY2027
“0.9”
SCE Capital Expenditures - FERC ($ in Billio… for FY2029
“1.1”
SCE Capital Expenditures - FERC ($ in Billio… for FY2030
“1.0”
SCE Capital Expenditures - Total ($ in Billi… for FY2026
“$7.3”
SCE Capital Expenditures - Total ($ in Billi… for FY2028
“$7.6”
SCE Capital Expenditures - Total ($ in Billi… for FY2027
“$7.6”
Rate Base (FERC) for FY2026
“7.6”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2026
“7.6”
SCE Capital Expenditures - Total ($ in Billi… for FY2029
“$9.0”
SCE Capital Expenditures - Total ($ in Billi… for FY2030
“$9.1”
SCE Capital Expenditures - Range Case ($ in … for FY2026
“$7.1”
SCE Capital Expenditures - Range Case ($ in … for FY2027
“$7.3”
SCE Capital Expenditures - Range Case ($ in … for FY2028
“$7.2”
SCE Capital Expenditures - Range Case ($ in … for FY2029
“$8.0”
Rate Base (FERC) for FY2027
“8.0”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2027
“8.0”
SCE Capital Expenditures - Range Case ($ in … for FY2030
“$7.9”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2029
“7.9”
Rate Base (CPUC) for FY2026
“43.2”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2026
“43.2”
Rate Base (CPUC) for FY2027
“46.4”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2027
“46.4”
Rate Base (CPUC) for FY2028
“49.8”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2028
“49.8”
Rate Base (CPUC) for FY2029
“53.8”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2029
“53.8”
Rate Base (CPUC) for FY2030
“58.4”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2030
“58.4”
Rate Base (FERC) for FY2028
“8.3”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2028
“8.3”
Rate Base (FERC) for FY2029
“8.8”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2029
“8.8”
Rate Base (FERC) for FY2030
“9.5”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2030
“9.5”
Rate Base (Total) for FY2027
“$54.4”
SCE Rate Base - Total (Weighted Average, $ i… for FY2027
“$54.4”
Rate Base (Total) for FY2028
“$58.1”
SCE Rate Base - Total (Weighted Average, $ i… for FY2028
“$58.1”
Rate Base (Total) for FY2029
“$62.6”
SCE Rate Base - Total (Weighted Average, $ i… for FY2029
“$62.6”
Rate Base (Total) for FY2030
“$67.9”
SCE Rate Base - Total (Weighted Average, $ i… for FY2030
“$67.9”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2027
“$54.3”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2029
“$61.7”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2030
“$66.1”
SCE EPS (2026/2027 table) for FY2026
“6.81–7.07”
SCE EPS (2026/2027 table) for FY2027
“7.20–7.53”
EIX Parent and Other (2026/2027 table) for FY2026
“(0.91)–(0.87)”
EIX Parent and Other (2026/2027 table) for FY2027
“(0.95)–(0.88)”
Core EPS for FY2026
“$5.90–6.20”
EIX Consolidated Core EPS for FY2026
“$5.90–6.20”
Core EPS for FY2027
“$6.25–6.65”
EIX Consolidated Core EPS for FY2027
“$6.25–6.65”
Core EPS vs. long-term growth range for the long term
“Expected to be at high-end of long-term growth rate range of 5–7%”
Core EPS (@ Midpoint) for FY2026
“6.05”
SCE EPS (2028 table) for FY2028
“7.74–8.04”
EIX Parent and Other (2028 table) for FY2028
“(1.00)–(0.90)”
Core EPS for FY2028
“$6.74–7.14”
EIX Consolidated Core EPS for FY2028
“$6.74–7.14”
SCE Rate Base - Total (Weighted Average, $ i… for FY2026
“$50.8”
SCE Capital Expenditures - FERC ($ in Billio… for FY2026
“0.8”
SCE Rate Base ($ billions) for FY2027
“$54.3–54.4”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2028
“$57.7”
SCE Rate Base ($ billions) for FY2028
“$57.7–58.1”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2030
“8.1”
Rate Base Mix (CPUC/FERC) for FY2027
“85% / 15%”
Rate Base Mix (CPUC/FERC) for FY2026
“85% / 15%”
Rate Base Mix (CPUC/FERC) for FY2028
“86% / 14%”
Authorized ROEs (CPUC/FERC) for FY2028
“10.03% / 10.30%”
Authorized ROEs (CPUC/FERC) for FY2027
“10.03% / 10.30%”
Authorized ROEs (CPUC/FERC) for FY2026
“10.03% / 10.30%”
Authorized Equity Ratios (CPUC/FERC) for FY2028
“52% / 47.5%”
Authorized Equity Ratios (CPUC/FERC) for FY2027
“52% / 47.5%”
Authorized Equity Ratios (CPUC/FERC) for FY2026
“52% / 47.5%”
TKM/Woolsey Interest Benefit (Core EPS) for FY2028
“~32¢”
TKM/Woolsey Interest Benefit (Core EPS) for FY2027
“~32¢”
TKM/Woolsey Interest Benefit (Core EPS) for FY2026
“~32¢”
SCE Wildfire Debt Rate (Pre-tax) for FY2026
“5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
EIX Parent Debt Rate (Pre-tax) for FY2026
“5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
Equity Issuance ($ millions) for FY2026
“No equity issuance forecasted from 2026–2030”
Core Earnings per Share for FY2025
“$5.84”
Core Earnings per Share for FY2030
“$7.45–8.20”
Target Achievable EPS (Core EPS) for FY2030
“$7.45–8.20”
Capital Plan for the long term
“$38–41”
EIX Financing Plan - Uses: Capital Plan ($ i… for the long term
“$38–41”
Dividends for FY2026
“$7–9”
EIX Financing Plan - Uses: Dividends ($ in B… for FY2026
“$7–9”
EIX Financing Plan - Sources: Net cash provi… for FY2026
“$36–38”
EIX Financing Plan - Sources: Incremental De… for FY2026
“$9–12”
Incremental Debt for FY2026
“$9–12”
2026–2030 capital program for FY2026
“$38–41 billion”
Dividend payout
“45–55% of SCE core earnings”
Dividend payout target for the long term
“45–55% of SCE core earnings”
Load growth for FY2035
“~30–40%”
Woolsey securitization issuance timing for FY2026
“Targeting issuance of securitized bonds by mid-2026”
Woolsey securitization proceeds (Cash Flow) for FY2026
“~$2.0 billion expected mid-2026”
TKM interest benefit (ongoing, post-decision)
“~14¢ (annualized)”
Woolsey interest benefit (ongoing, post-deci…
“~18¢ (annualized)”
Remaining GRC and Wildfire-related Applicati… for FY2026
“1,163”
Remaining GRC and Wildfire-related Applicati… for FY2027
“359”
Woolsey Securitization Expected Rate Recover… for FY2026
“1,951”
WMCE Expected Rate Recovery ($ in Millions) for FY2027
“48”
Share Count (in millions) for FY2028
“385”
Share Count (in millions) for FY2027
“385”
Share Count (in millions) for FY2026
“385”
Basic EIX EPS for FY2026
“$5.90” – “$6.20”
Exhibit 99.1 · the passage around this item
… earlier in the release
Relative to 2025 5–7% Core EPS CAGR1 2025–2030 Underpinned by strong rate base growth of ~7% $38–41 billion 2026–2030 capital program ~5% current dividend yield2 22 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 ~30–40% load growth by 2035 and nearly doubling by 20453   ADDITIONAL INFORMATION   19Edison International | Fourth-Quarter 2025 Earnings Call  Resolution of legacy wildfires: TKM and Wooley settlements approved; Woolsey securitization pending approval TKM (A.23-08-013) Woolsey (A.24-10-002) Value ~$1.6 billion (Settlement value)1 ~$2.0 billion (Settlement value)1 Next Steps None — securitization completed in 2025 Targeting issuance of securitized bonds by mid-2026 Avg. Residential Customer Cost2 ~$1.04/month ~$1.18/month (vs. average bill of ~$188) Modeling Considerations2017/2018 Wildfire/Mudslide Events Cost Recovery 1. Approved TKM settlement authorizes recovery of 60% of WEMA costs (claims and associated financing and legal expenses) and 85% of CEMA costs. Approved Woolsey settlement authorizes recovery of 35% of WEMA costs (claims a
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.