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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
Authorized Equity Ratios (CPUC/FERC)
“52% / 47.5%”
Period
FY2026
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
Amounts and amortization subject to CPUC approval Note: Numbers may not add due to rounding 0.5 2.0 $2.5 $0.4 $0 Q3–Q4 2026 2027 2028 Rate Recovery3 Woolsey Securitization ~$8.6 billion memo account recovery 2021–2Q20261 ~$3.2 billion securitizations of AB 1054 capex and TKM cost recovery completed through Q2 2026 ~$2.9 billion remaining recoveries through 2027 ~$2.9 billion remaining GRC and wildfire-related application recoveries2 Expected annual rate recovery or securitization; $ in Millions By 2027, nearly all of GRC and wildfire-related memo account recoveries will be complete; fewer expected applications in the future   17Edison International | Second-Quarter 2026 Earnings Call 2026–2028 Modeling Considerations Variable 2026 2027 2028 SCE Rate Base ($ billions) $50.8 $54.3–54.4 $57.7–58.1 Rate Base Mix (CPUC/FERC) 85% / 15% 85% / 15% 86% / 14% Authorized ROEs (CPUC/FERC) 10.03% / 10.30% 10.03% / 10.30% 10.03% / 10.30% Authorized Equity Ratios (CPUC/FERC) 52% / 47.5% 52% / 47.5% 52% / 47.5% TKM/Woolsey Interest Benefit1 (Core EPS) ~32¢ ~32¢ ~32¢ SCE Wildfire Debt Rate (Pre-tax) 5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions EIX Parent Debt Rate (Pre-tax) 5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions Equity Issuance ($ millions) No equity issuance forecasted from 2026–2030 Share Count (millions) 385 385 385 1. Compared to 2024 baseline   18Edison International | Second-Quarter 2026 Earnings Call Q2 2026 Q2 2025 2026 2025 SCE 643$ 443$ 1,262$ 2,010$ EIX Parent & Other (109) (100) (197) (231) Basic Earnings 534$ 343$ 1,065$ 1,779$ Non-Core Items SCE Wildfire-related recoveries, net of claims and expenses (4) (8) 9 1,343 Wildfire Fund expense (36) (36) (71) (72) Income tax benefit (expense)1 11 13 17 (355) Subtotal SCE (29) (31) (45) 916 EIX Parent & Other Trio disposition and related losses (30) — (36) — Changes to wildfire claims and expenses insured by EIS — — 1 (50) Income tax benefit1 1 — 3 11 Subtotal EIX Parent & Other (29) — (32) (39) Less: Total non-core items (58)$ (31)$ (77)$ 877$ SCE 672 474 1,307 1,094 EIX
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.