HighGravityData
Companies / Edison International / Filing

Edison International — Jul 30, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-26-000058
Open on SEC.gov ↗
Showing in the filing
Core Earnings per Share
“$5.84”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 108
Core EPS CAGR for the long term
“5–7%”
Grid hardening completion (GRC-approved) for FY2028
“970 miles”
Capex plan for FY2026
“~$38–$41 billion”
Capital Expenditures (CPUC) for FY2026
“6.5”
Capital Expenditures (CPUC) for FY2028
“6.7”
Capital Expenditures (CPUC) for FY2027
“6.7”
Capital Expenditures (FERC) for FY2028
“0.9”
Capital Expenditures (FERC) for FY2027
“0.9”
Capital Expenditures (FERC) for FY2029
“1.1”
Capital Expenditures (FERC) for FY2030
“1.0”
Capital Expenditures (Total) for FY2026
“$7.3”
Capital Expenditures (Total) for FY2028
“$7.6”
Capital Expenditures (Total) for FY2027
“$7.6”
Rate Base (FERC) for FY2026
“7.6”
Capital Expenditures (Total) for FY2029
“$9.0”
Capital Expenditures (Total) for FY2030
“$9.1”
Capital Expenditures (Range Case) for FY2026
“$7.1”
Capital Expenditures (Range Case) for FY2027
“$7.3”
Capital Expenditures (Range Case) for FY2028
“$7.2”
Capital Expenditures (Range Case) for FY2029
“$8.0”
Rate Base (FERC) for FY2027
“8.0”
Capital Expenditures (Range Case) for FY2030
“$7.9”
Capital Expenditures (CPUC) for FY2029
“7.9”
Rate Base (CPUC) for FY2026
“43.2”
SCE Rate Base - CPUC for FY2026
“43.2 46.4 49.8 53.8 58.4”
Rate Base (CPUC) for FY2027
“46.4”
Rate Base (CPUC) for FY2028
“49.8”
Rate Base (CPUC) for FY2029
“53.8”
Rate Base (CPUC) for FY2030
“58.4”
SCE Rate Base - FERC for FY2026
“7.6 8.0 8.3 8.8 9.5”
Rate Base (FERC) for FY2028
“8.3”
Rate Base (FERC) for FY2029
“8.8”
Rate Base (FERC) for FY2030
“9.5”
SCE Rate Base - Total for FY2026
“$50.8 $54.4 $58.1 $62.6 $67.9”
Rate Base (Total) for FY2027
“$54.4”
Rate Base (Total) for FY2028
“$58.1”
Rate Base (Total) for FY2029
“$62.6”
Rate Base (Total) for FY2030
“$67.9”
Core EPS growth driver - rate base growth for FY2027
“~7%”
Rate Base (Range Case) for FY2026
“$50.8”
SCE Rate Base - Range Case (Recorded) for FY2026
“$50.8 $54.3 $57.7 $61.7 $66.1”
Rate Base (Range Case) for FY2027
“$54.3”
Rate Base (Range Case) for FY2029
“$61.7”
Rate Base (Range Case) for FY2030
“$66.1”
SCE EPS for FY2026
“6.81–7.07”
SCE EPS for FY2027
“7.20–7.53”
EIX Parent and Other EPS for FY2026
“(0.91)–(0.87)”
EIX Parent and Other EPS for FY2027
“(0.95)–(0.88)”
Core EIX EPS for FY2026
“$5.90” – “$6.20”
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 growth vs. long-term growth rate ra… for the long term
“Expected to be at high-end of long-term growth rate range of 5–7%”
Core Earnings per Share for FY2025
“$5.84”
SCE EPS for FY2028
“7.74–8.04”
EIX Parent and Other EPS for FY2028
“(1.00)–(0.90)”
Core EPS for FY2028
“$6.74–7.14”
EIX Consolidated Core EPS for FY2028
“$6.74–7.14”
Core Earnings per Share for FY2030
“$7.45–8.20”
Target Core EPS for FY2030
“$7.45–8.20”
Financing Plan - Capital Plan (Uses) for the long term
“$38–41”
Dividends for FY2026
“$7–9”
Financing Plan - Dividends (Uses) for FY2026
“$7–9”
Financing Plan - Net cash provided by operat… for FY2026
“$36–38”
Financing Plan - Incremental Debt (Sources) for FY2026
“$9–12”
Incremental Debt for FY2026
“$9–12”
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
“~30–40%”
Total Non-Core Items (High) for FY2026
“(0.20)”
Cumulative historical cost recovery for FY2027
“$11+ billion”
Historical costs recovered by SCE for FY2027
“$11+ billion”
Expected annual rate recovery or securitizat… for Q3 FY2026
“0.5 2.0 $2.5 $0.4 $0”
Remaining AB 1054/TKM securitization recover… for FY2027
“~$2.9 billion”
Remaining GRC and wildfire-related applicati…
“~$2.9 billion”
GRC and wildfire-related memo account recove… for FY2027
“nearly all of GRC and wildfire-related memo account recoveries will be complete”
Modeling Considerations - SCE Rate Base ($ b… for FY2026
“$50.8 $54.3–54.4 $57.7–58.1”
SCE Rate Base ($ billions) for FY2026
“$50.8”
Capital Expenditures (FERC) for FY2026
“0.8”
SCE Rate Base ($ billions) for FY2027
“$54.3–54.4”
Rate Base (Range Case) for FY2028
“$57.7”
SCE Rate Base ($ billions) for FY2028
“$57.7–58.1”
Capital Expenditures (CPUC) for FY2030
“8.1”
Rate Base Mix (CPUC/FERC) for FY2027
“85% / 15%”
Modeling Considerations - Rate Base Mix (CPU… for FY2026
“85% / 15% 85% / 15% 86% / 14%”
Rate Base Mix (CPUC/FERC) for FY2026
“85% / 15%”
Rate Base Mix (CPUC/FERC) for FY2028
“86% / 14%”
Authorized ROEs (CPUC/FERC) for FY2028
“10.03% / 10.30%”
Authorized ROEs (CPUC/FERC) for FY2027
“10.03% / 10.30%”
Authorized ROEs (CPUC/FERC) for FY2026
“10.03% / 10.30%”
Modeling Considerations - Authorized ROEs (C… for FY2026
“10.03% / 10.30% 10.03% / 10.30% 10.03% / 10.30%”
Authorized Equity Ratios (CPUC/FERC) for FY2028
“52% / 47.5%”
Authorized Equity Ratios (CPUC/FERC) for FY2027
“52% / 47.5%”
Authorized Equity Ratios (CPUC/FERC) for FY2026
“52% / 47.5%”
Modeling Considerations - Authorized Equity … for FY2026
“52% / 47.5% 52% / 47.5% 52% / 47.5%”
TKM/Woolsey Interest Benefit (Core EPS) for FY2028
“~32¢”
TKM/Woolsey Interest Benefit (Core EPS) for FY2027
“~32¢”
Modeling Considerations - TKM/Woolsey Intere… for FY2026
“~32¢ ~32¢ ~32¢”
TKM/Woolsey Interest Benefit (Core EPS) for FY2026
“~32¢”
Modeling Considerations - SCE Wildfire Debt … for FY2026
“5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
Modeling Considerations - EIX Parent Debt Ra… for FY2026
“5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
Modeling Considerations - Equity Issuance ($… for FY2026
“No equity issuance forecasted from 2026–2030”
Modeling Considerations - Share Count (milli… for FY2026
“385 385 385”
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
“$5.70” – “$6.00”
Exhibit 99.1 · the passage around this item
… earlier in the release
Totals may not add due to rounding EIX 2026 and 2027 Core Earnings Per Share Guidance Ranges 2026 Guidance 2027 Guidance SCE EPS 6.81–7.07 7.20–7.53 EIX Parent and Other EPS (0.91)–(0.87) (0.95)–(0.88) EIX Consolidated Core EPS $5.90–6.20 $6.25–6.65 Share Count (in millions) 385 385 EIX reaffirms 2026 Core EPS guidance of $5.90–6.20 and 2027 Core EPS guidance of $6.25–6.65 ~7% Growth Providing 2027 outlook given visibility through GRC cycle • Expected to be at high-end of long-term growth rate range of 5–7% • Core EPS growth driven primarily by ~7% rate base growth • Modeling considerations can be found in Additional Information section   10Edison International | Second-Quarter 2026 Earnings Call 1. Compound annual growth rate (CAGR) based on starting point of $5.84 Note: See Earnings Per Share Non-GAAP Reconciliations and Use of Non-GAAP Financial Measures in Appendix. All tax-effected information on this slide is based on our current combined statutory tax rate of approximately 28%. Totals may not add due to rounding EIX 2028 Core Earnings Per Share Guidance Range 2028 Guidance SCE EPS 7.74–8.04 EIX Parent and Other EPS (1.00)–(0.90) EIX Consolidated Core EPS $6.74–7.14 Share Count (in millions) 385 EIX reaffirms 2028 Core EPS guidance of $6.74–7.14, representing 5–7% growth from 20251   11Edison International | Second-Quarter 2026 Earnings Call EIX projects 5–7% Core EPS growth for 2025 to 2030, with no equity needs in financing plan 1. Financing plan is subject to change. Incorporates expected Woolsey securitization 2. EIX Dividends includes common and preferred dividends, which are subject to approval by the EIX Board of Directors 3. Incremental to refinancing of maturities. Values shown include both SCE and parent debt $5.84 $7.45–8.20 Original 2025 Midpoint 2030 Target Achievable EPS growth for 2030 Core Earnings per Share Guidance 5–7% CAGR 2026–2030 EIX consolidated financing plan1 $ in Billions Uses Sources Capital Pla
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.