Edison International (NYSE: EIX) announced its financial results for the fourth quarter and full year of 2025, showing significant increases in both net income and core earnings compared to the previous year.
For the fourth quarter, Edison International reported a net income of $1,848 million, or $4.80 per share. This compares to $340 million, or $0.88 per share, for the same period last year. Adjusted core earnings for the quarter were $717 million, or $1.86 per share, up from $405 million, or $1.05 per share.
Southern California Edison’s (SCE) fourth-quarter core earnings per share rose mainly due to benefits related to interest expense from cost recoveries under the Woolsey Settlement Agreement and revenue recognition following the 2025 General Rate Case (GRC) final decision. Meanwhile, losses at Edison International Parent and Other increased because of a loss on preferred stock redemption tied to original issuance costs.
“This year’s results reflect the progress we’re making to deliver a safer, more resilient, and more affordable energy system for customers,” said Pedro J. Pizarro, president and CEO of Edison International. “SCE’s extensive wildfire mitigation approach has resulted in the installation of more than 7,000 miles of covered conductor in high fire risk areas—over 90% of the utility’s planned grid hardening effort. This work continues to play a critical role in reducing ignition risk and strengthening reliability for the communities we serve. We’re also continuing to support communities recovering from recent wildfires through SCE’s Wildfire Recovery Compensation Program, where we are actively processing claims and making payments to help customers rebuild.”
Pizarro continued: “Safety and affordability remain at the core of our commitment to customers. Earlier this year, SCE announced a 2.3% rate decrease for residential customers and a 5.3% decrease for small and medium-sized businesses. This is starting from a place of having the lowest system average rate among California’s major investor-owned utilities.”
For all of 2025, Edison International reported net income totaling $4,459 million ($11.58 per share), up from $1,284 million ($3.33 per share) in 2024. Core earnings were also higher at $2,520 million ($6.55 per share), compared with $1,900 million ($4.93 per share) last year.
The company attributed SCE’s full-year increase in core EPS primarily to revenue recognition from regulatory decisions as well as benefits related to cost recoveries authorized under settlement agreements such as TKM and Woolsey.
Looking ahead, Edison International introduced its earnings guidance ranges for 2026 and 2027:
– For 2026: Basic EPS is expected between $5.90–$6.20.
– For 2027: Basic EPS is forecast between $6.25–$6.65.
Core EPS guidance matches these ranges since non-core items are presented as recorded.
The board declared a quarterly common stock dividend of $0.8775 per share payable April 30, 2026 (record date April 7). Dividends on preferred stock were also declared by both Edison International and Southern California Edison Company; further details can be found at www.edisoninvestor.com.
A conference call discussing these results will take place on February 18 from 1:30–2:30 p.m., with replay options available until March 4 via phone or webcast at www.edisoninvestor.com.
Edison International remains one of America’s largest electric utility holding companies based in Rosemead, California—parent company to Southern California Edison serving approximately fifteen million people across southern regions—and Trio (formerly Edison Energy), which provides sustainability advisory services internationally.
