HighGravityData
Companies / Edison International / Filing

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
Basic EIX EPS
“$5.90” – “$6.20”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
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
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   23Edison International | Fourth-Quarter 2025 Earnings Call Low High Basic EIX EPS $5.90 $6.20 Total Non-Core Items1 – – Core EIX EPS $5.90 $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 2026 EPS Available to Edison International   24Edison International | Fourth-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 uses core earnings and core EPS internally for financial planning and for analysis of performance. Core earnings and core EPS 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 and core EPS are non-GAAP financial measures and may not be comparable to those of other companies. Core ea
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.