Investor Relations: Sam Ramraj, (626) 302-2540
Media Relations: (626) 302-2255
News@sce.com
ROSEMEAD, Calif., July 31, 2025 — Edison International (NYSE: EIX) today reported second-quarter net income of $343 million, or $0.89 per share, compared to net income of $439 million, or $1.14 per share, in the second quarter of last year. As adjusted, second-quarter core earnings were $374 million, or $0.97 per share, compared to core earnings of $475 million, or $1.23 per share, in the second quarter of last year.
In the absence of a 2025 GRC decision, since January 1, 2025, and until a GRC decision is issued, SCE is recognizing revenue based on the 2024 authorized revenue requirement, adjusted to reflect the 2025 CPUC-authorized ROE.
Southern California Edison’s second-quarter 2025 core earnings per share (EPS) decreased year over year, primarily due to higher operations and maintenance expense and the net impact of regulatory decisions received in each period.
Edison International Parent and Other’s second-quarter 2025 core loss per share increased year over year, primarily due to higher interest expense.
“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.”
Pizarro added, “The January wildfires underscore the importance of mitigation plans and the need for continuous and evolving tools to maintain infrastructure resiliency. SCE continues to invest in new and innovative solutions to reduce wildfire risk.”
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 reaffirmed 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 April 29, 2025 |
2025 Earnings Guidance as of July 31, 2025 |
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| Low | High | Low | High | |
| EIX Basic EPS | $8.30 | $8.70 | $8.22 | $8.62 |
| Less: Non-core Items* | 2.36 | 2.36 | 2.28 | 2.28 |
| EIX Core EPS | $5.94 | $6.34 | $5.94 | $6.34 |
*There were $877 million, or $2.28 per share, of non-core items recorded for the six months ended June 30, 2025. Basic EPS guidance only incorporates non-core items to June 30, 2025.
Second-Quarter 2025 Earnings Conference Call and Webcast Details
| When: | Thursday, July 31, 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: | 1800-685-6667 (U.S.) and 1-203-369-3864 (Int’l) — Passcode: 6728 |
| Telephone replay available through Aug. 14 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.
Appendix and Summary Financial Schedules
