Investor Relations: Sam Ramraj, (626) 302-2540
Media Relations: (626) 302-2255
News@sce.com
ROSEMEAD, Calif., April 29, 2025 — Edison International (NYSE: EIX) today reported first-quarter net income of $1,436 million, or $3.73 per share, compared to a net loss of $11 million, or $0.03 per share, in the first quarter of last year. As adjusted, first-quarter core earnings were $528 million, or $1.37 per share, compared to core earnings of $438 million, or $1.13 per share, in the first quarter of last year.
Southern California Edison’s first-quarter 2025 core earnings per share (EPS) increased year over year, primarily due to a benefit to interest expense related to cost recoveries authorized under the TKM Settlement Agreement.
Edison International Parent and Other’s first-quarter 2025 core loss per share increased year over year, primarily due to higher interest expense.
“We have continued engaging with key stakeholders to find solutions to support the safety of the community and enhance California’s industry-leading AB 1054 regulatory framework,” said Pedro J. Pizarro, president and CEO of Edison International. “The conversations we’ve had make us confident that stakeholders understand the criticality of addressing the issue and the important role the investor-owned utilities play in supporting California’s growth and economic development.”
Pizarro added, “We are working closely with state and county leaders and the communities of Altadena and Malibu to rebuild wildfire-impacted areas stronger than ever. Once constructed, SCE’s grid hardening in these areas will increase reliability and reduce the exposure of electrical distribution infrastructure to high wind and other extreme weather events, helping us better protect and serve our communities.”
Edison International uses core earnings internally for financial planning and analysis of performance. Core earnings are also used when communicating with investors and analysts regarding Edison International’s earnings results to facilitate comparisons of the company’s performance from period to period. Please see the attached tables to reconcile core earnings to basic GAAP earnings.
2025 Earnings Guidance
The company affirmed its earnings guidance range for 2025 as summarized in the following chart. See the presentation accompanying the company’s conference call for further information and assumptions.
| 2025 Earnings Guidance as of Feb. 27, 2025 |
2025 Earnings Guidance as of April 29, 2025 |
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| Low | High | Low | High | |
| EIX Basic EPS | $5.94 | $6.34 | $8.30 | $8.70 |
| Less: Non-core Items* | – | – | 2.36 | 2.36 |
| EIX Core EPS | $5.94 | $6.34 | $5.94 | $6.34 |
*There were $908 million, or $2.36 per share, of non-core items recorded for the three months ended March 31, 2025. Basic EPS guidance only incorporates non-core items to March 31, 2025.
First-Quarter 2025 Earnings Conference Call and Webcast Details
| When: | Tuesday, April 29, 1:30-2:30 p.m. (PDT) |
| Telephone Numbers: | 1-888-673-9780 (U.S.) and 1-312-470-0178 (Int'l) — Passcode: Edison |
| Telephone Replay: | 1-800-685-6667 (U.S.) and 1-203-369-3864 (Int’l) — Passcode: 5794 |
| Telephone replay available through May 13 at 6 p.m. (PDT) | |
| Webcast: | www.edisoninvestor.com |
Edison International has posted its earnings conference call prepared remarks by the CEO and CFO, the teleconference presentation, and Form 10-Q to the company’s investor relations website. These materials are available at www.edisoninvestor.com.
About Edison International
Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, focused on providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Trio (formerly Edison Energy), a portfolio of nonregulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe.
