Edison International reported a net income of $832 million, or $2.16 per share, for the third quarter of 2025. This is an increase from the same period last year, when net income was $516 million, or $1.33 per share. The company’s core earnings for the quarter were $901 million, or $2.34 per share, compared to core earnings of $582 million, or $1.51 per share, in the third quarter of 2024.
Southern California Edison’s core earnings per share rose year over year due to higher revenue resulting from the final decision on its 2025 General Rate Case (GRC). However, Edison International Parent and Other experienced a greater core loss per share than last year because of increased interest expenses.
Pedro J. Pizarro, president and CEO of Edison International, commented on recent developments: “We have made significant progress on the regulatory front this year, further de-risking our financial outlook and bolstering our ability to deliver for customers and investors. The CPUC’s decision on SCE’s 2025 General Rate Case approved 91% of SCE’s proposed capital investments and highlighted the important investments in the grid that provide long-lasting value to customers.”
Pizarro also addressed legislative changes: “We are encouraged by the recent passage of Senate Bill 254 and the next phase, which will evaluate reforms to equitably socialize the risks and costs of climate-driven natural disasters. We look forward to continuing to work with legislators and stakeholders and are confident that we will see meaningful legislative action next year.”
The company uses core earnings as an internal metric for financial planning and analysis as well as communications with investors about performance across different periods.
Edison International updated its guidance for full-year 2025 earnings. The basic EPS range was adjusted from a previous estimate between $8.22–$8.62 down to between $8.05–$8.30 per share; non-core items were reduced from $2.28 to $2.10 per share; while core EPS guidance now ranges from $5.95–$6.20 compared with a prior range of $5.94–$6.34.
A conference call discussing these results is scheduled for October 28 at 1:30 p.m., accessible via telephone or webcast at www.edisoninvestor.com.
Edison International is headquartered in Rosemead, California, and operates as one of America’s largest electric utility holding companies through subsidiaries such as Southern California Edison Company—which provides electricity across much of Southern California—and Trio (formerly Edison Energy), which offers sustainability consulting services in North America and Europe.
