Edison International reported its financial results for the second quarter of 2025, showing a decrease in net income compared to the same period last year. The company announced net income of $343 million, or $0.89 per share, down from $439 million, or $1.14 per share, in the second quarter of 2024. Core earnings for the quarter were $374 million, or $0.97 per share, compared to $475 million, or $1.23 per share, a year earlier.
Southern California Edison (SCE), a subsidiary of Edison International, saw its core earnings per share decline year over year. The company attributed this to higher operations and maintenance expenses as well as the impact of regulatory decisions during each period.
Edison International Parent and Other’s core loss per share also increased from the previous year due to higher interest expense.
Pedro J. Pizarro, president and CEO of Edison International, commented on ongoing policy discussions: “We are encouraged by the continuing discussions with legislative leaders to enhance California’s industry-leading AB 1054 regulatory framework,” said Pizarro. “We remain confident that policymakers will act to strengthen and restore confidence in California’s wildfire framework during the current legislative session.”
Pizarro also addressed recent wildfires: “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.”
Due to a pending General Rate Case (GRC) decision for 2025, SCE has been recognizing revenue based on its 2024 authorized revenue requirement since January 1, adjusted for CPUC-authorized return on equity for 2025.
Edison International reaffirmed its earnings guidance range for 2025. The company expects basic earnings per share between $8.22 and $8.62 and core earnings per share between $5.94 and $6.34.
Edison International is one of the largest electric utility holding companies in the United States, providing energy through Southern California Edison Company to about 15 million people across Southern, Central and Coastal California. It also owns Trio (formerly Edison Energy), which offers sustainability and energy advisory services in North America and Europe.
The company has made available prepared remarks from its CEO and CFO along with other financial materials on its investor relations website at www.edisoninvestor.com.
