Edison International misses Q2 earnings estimates, reaffirms guidance

ROSEMEAD, Calif. - Edison International (NYSE:EIX) reported second-quarter core earnings of $0.97 per share, falling significantly short of analyst expectations of $1.28, while revenue slightly exceeded forecasts at $4.54 billion compared to the $4.44 billion consensus.

The utility holding company’s earnings declined from $1.23 per share in the same quarter last year, primarily due to higher operations and maintenance expenses and the impact of regulatory decisions. Southern California Edison, the company’s main subsidiary, saw its core earnings decrease year-over-year, while Edison International Parent and Other reported a wider loss due to higher interest expenses.

Despite the earnings miss, Edison International reaffirmed its full-year 2025 core earnings guidance of $5.94 to $6.34 per share, in line with the analyst consensus of $6.06 per share.

"We are encouraged by the continuing discussions with legislative leaders to enhance California’s industry-leading AB 1054 regulatory framework," said Pedro J. Pizarro, president and CEO of Edison International. "We remain confident that policymakers will act to strengthen and restore confidence in California’s wildfire framework during the current legislative session."

The company reported that investigations into the Eaton (NYSE:ETN) Fire are ongoing, and Southern California Edison plans to launch a Wildfire Recovery Compensation Program. Revenue for the quarter rose 4.8% YoY from $4.34 billion in the second quarter of 2024.

Pizarro emphasized the importance of wildfire mitigation plans, noting that "SCE continues to invest in new and innovative solutions to reduce wildfire risk" following the January wildfires that underscored the need for infrastructure resiliency.

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