Edison International (NYSE:EIX) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• Edison International beat earnings estimates: Third-quarter EPS was $1.92, $0.11 above expectations, while revenue of $4.89 billion fell short of the $5.34 billion consensus.
• Full-year guidance was reaffirmed at $5.90–$6.20 EPS, but wildfire-related risks remain significant. California’s finding that SCE equipment ignited the Eaton Fire could increase liability, while the lack of wildfire reform may raise financing costs and constrain investment.
• SCE reported progress on grid hardening and plans approximately $38 billion–$41 billion in capital investment from 2026–2030. Edison also declared a quarterly dividend of $0.8775, representing a 5.9% yield.

Edison International (NYSE:EIX - Get Free Report) released its quarterly earnings results on Thursday. The utilities provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.11, FiscalAI reports. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $5.34 billion.

Here are the key takeaways from Edison International's conference call:

• 2026 earnings guidance reaffirmed: Third-quarter core EPS was $1.92, bringing year-to-date EPS to $4.89, and Edison maintained its $5.90–$6.20 full-year range, along with its 2027–2028 outlook and 5%–7% long-term growth target.
• Management said the lack of durable California wildfire reform is raising financing costs and could constrain future investment. Elevated credit spreads could add approximately $300 million to customers’ costs on SCE debt expected to be issued in 2027, while a credit downgrade could further pressure capital spending and affordability.
• Los Angeles County concluded that SCE equipment caused the Eaton Fire ignition, increasing potential liability exposure, although management maintains it can demonstrate prudence and sees no basis for felony liability or conscious and willful disregard. The company said it still cannot reliably estimate potential reserves because litigation, claims, subrogation, and regulatory processes remain unresolved.
• SCE reported continued progress on grid safety, including hardening about 90% of its distribution system in high-fire-risk areas and installing more than 7,200 miles of covered conductor. Its 2026–2030 plan calls for approximately $38 billion–$41 billion of capital investment, supporting roughly 7% rate-base growth through 2030.
• The Wildfire Recovery Compensation Program has generated more activity, with SCE extending more than 3,200 offers totaling about $1.1 billion, but the November 30 deadline and upcoming legal claims deadlines are unlikely by themselves to provide enough information to estimate total Eaton Fire costs.

Edison International Stock Up 0.8%

EIX traded up $0.44 during trading hours on Thursday, hitting $59.27. 2,271,626 shares of the company's stock were exchanged, compared to its average volume of 3,668,805. Edison International has a 1-year low of $51.10 and a 1-year high of $81.62. The stock's 50-day moving average is $58.36 and its two-hundred day moving average is $67.74. The stock has a market cap of $22.81 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 2.43 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, October 7th. Edison International's payout ratio is currently 36.19%.

Insiders Place Their Bets

In other Edison International news, Director Peter Taylor sold 500 shares of Edison International stock in a transaction on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the sale, the director directly owned 33,212 shares in the company, valued at approximately $1,845,258.72. The trade was a 1.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EIX. Weiss Ratings cut shares of Edison International from a "buy (b-)" rating to a "hold (c)" rating in a research report on Thursday, September 10th. HSBC assumed coverage on Edison International in a report on Thursday, October 22nd. They set a "hold" rating and a $56.50 target price for the company. Barclays dropped their price target on Edison International from $75.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, October 9th. The Goldman Sachs Group set a $67.00 price target on Edison International in a report on Thursday, October 15th. Finally, Jefferies Financial Group lowered Edison International from a "hold" rating to an "underperform" rating and cut their price target for the company from $53.00 to $42.00 in a report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $60.58.

Edison International Company Profile

Edison International NYSE: EIX is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International's operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.

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