EarningsQ2 2026 Earnings Report
MX:EIX1 Q2 2026 EPS Results
Actual EPS$26.15
Consensus EPS$19.95
Beat/MissBeat by +$6.20
One Year Ago EPS$16.47
MX:EIX1 Q2 2026 Revenue Results
Actual Revenue$73.99B
Expected Revenue$81.85B
Beat/MissMissed by -$7.86B
YoY Revenue Growth-4.09%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:EIX1 Upcoming Earnings
Edison International's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EIX1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of clear operational and financial strengths—strong Q2 earnings, profitable financing execution (≈$2B securitization), reaffirmed 2026 guidance, sizeable storage and hardening progress, and tangible AI-driven productivity initiatives—balanced against material macro/regulatory risks. The primary negatives are external: legislative uncertainty on wildfire reform, potential credit-rating pressure, and unresolved Eaton Fire liability exposure. Management emphasizes strong execution and preparedness but acknowledges outcomes depend heavily on near-term legislative action.Company Guidance
Strong Quarterly Earnings and Reaffirmed Guidance
EIX reported second-quarter EPS of $1.54 versus $0.97 a year ago (≈+58.8% YoY); company reported core EPS (Pedro) of $1.04 for Q2 and year-to-date core EPS of $2.97. Management reaffirmed full-year 2026 core EPS guidance of $5.90–$6.20 and reiterated long-term core EPS growth of 5%–7%.
Successful Financing Transaction
SCE completed Woolsey Fire cost recovery securitization generating approximately $2 billion of proceeds to recover claims and retire related debt, strengthening the balance sheet and reducing financing costs.
Capital Plan and Rate Base Growth
Company outlined continued strong investment opportunities driven by infrastructure replacement, wildfire mitigation and electrification; plan supports long-term rate base growth of about 7% and capital forecast of roughly $8–9 billion for 2029.
Material Progress on Grid Hardening and Wildfire Mitigation
SCE reports substantial system hardening: roughly 90% of distribution line miles in high-fire-risk areas hardened (including nearly 7,200 miles of covered conductor cumulatively) and, since January 2025, deployment of about 800 miles of covered conductor and ≈90 miles of undergrounding. RAMP preliminary estimates call for ~450 miles of additional covered conductor and ~190 miles of targeted undergrounding in the 2029–2032 period; RAMP-related spend referenced at about $2.5 billion.
Large Energy Storage Portfolio and Carbon Performance
SCE contracted ~900 MW of additional energy storage, bringing total owned/under contract to about 9,200 MW (one of the largest in the nation). SCE delivered at least 60% carbon-free power to customers, stated as over 17% cleaner than the U.S. average.
Operational Excellence and Productivity Improvements via AI
Management highlighted targeted AI and automation initiatives: expected acceleration of initial design generation and validation by 20%–30%, and permit cycle-time reductions of ~20%. These efforts aim to increase throughput for ~100,000 annual project designs and ~40,000 permits processed annually.
Wildfire Recovery Compensation Program (WRCP) Progress
SCE extended over 2,200 voluntary offers totaling more than $775 million to over 12,300 community members impacted by the Eaton Fire. Combined with subrogation settlements, management states the company is crossing a $1 billion threshold and established prefunding arrangements with the Wildfire Fund administrator (CEA) to avoid out-of-pocket payments.
Reduction in Interest and Financing Benefits
Quarter benefited from regulatory decisions and reduced interest expense related to Woolsey cost recovery. Parent and other core loss was favorable by $0.06, primarily due to net financing benefits from preferred stock redemptions completed in Q1 2026.
MX:EIX1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed