Edison International reaffirms 2026-2028 core EPS guidance

Edison International (EIX) reaffirmed its 2026 to 2028 core earnings per share guidance in an October 2026 business update furnished to the Securities and Exchange Commission on Oct. 29.

Shares rose 1.4% as of 9:35 a.m. ET on Oct. 30, from a regular-session close of $59.38.

The company said its consolidated core EPS guidance is $5.90 to $6.20 for 2026, $6.25 to $6.65 for 2027 and $6.74 to $7.14 for 2028, on a share count of 385 million in each year.

The presentation was furnished under Item 7.01 and will be used by management in meetings with institutional investors and analysts and at investor conferences. It will also be posted on edisoninvestor.com.

The update says the company expects a 2025 to 2030 core EPS compound annual growth rate of 5% to 7%, supported by a capital expenditures plan of $38 billion to $41 billion for 2026 through 2030 and rate base growth of about 7%.

The company expects Southern California Edison, its principal subsidiary, to see a 2025 to 2030 rate base compound annual growth rate of about 7%, rising from $50.8 billion in 2025 to $66.1 billion in 2030 in the presentation's forecast.

The presentation also gives the status of the Eaton Fire. It says Edison International and SCE are currently unable to reasonably estimate a range of losses, while total settlements entered into so far amount to $1.8 billion. Expected recoveries recorded to date include $917 million in self-insurance, $859 million from the Wildfire Fund and $70 million in FERC rates.

The company said it has no equity issuance forecast through 2030 in its financing plan.

The update notes Edison International's record of core EPS results against guidance, describing results as exceeded or in line in each year shown since 2004.

The company's credit ratings are investment grade at SCE and Edison International, with S&P and Fitch ratings on negative outlook, according to the presentation.