Edison International (NYSE:EIX) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Edison International (NYSE:EIX) issued its quarterly earnings results on Thursday. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.81 by $0.11, FiscalAI reports. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.34 billion.

Here are the key takeaways from Edison International’s conference call:

• 2026 earnings guidance reaffirmed: Third-quarter core EPS was $1.92, bringing year-to-date EPS to $4.89, and Edison maintained its $5.90–$6.20 full-year range, along with its 2027–2028 outlook and 5%–7% long-term growth target.
• Management said the lack of durable California wildfire reform is raising financing costs and could constrain future investment. Elevated credit spreads could add approximately $300 million to customers’ costs on SCE debt expected to be issued in 2027, while a credit downgrade could further pressure capital spending and affordability.
• Los Angeles County concluded that SCE equipment caused the Eaton Fire ignition, increasing potential liability exposure, although management maintains it can demonstrate prudence and sees no basis for felony liability or conscious and willful disregard. The company said it still cannot reliably estimate potential reserves because litigation, claims, subrogation, and regulatory processes remain unresolved.
• SCE reported continued progress on grid safety, including hardening about 90% of its distribution system in high-fire-risk areas and installing more than 7,200 miles of covered conductor. Its 2026–2030 plan calls for approximately $38 billion–$41 billion of capital investment, supporting roughly 7% rate-base growth through 2030.
• The Wildfire Recovery Compensation Program has generated more activity, with SCE extending more than 3,200 offers totaling about $1.1 billion, but the November 30 deadline and upcoming legal claims deadlines are unlikely by themselves to provide enough information to estimate total Eaton Fire costs.

Edison International Stock Up 0.8%

NYSE:EIX traded up $0.44 during trading hours on Thursday, hitting $59.27. The company’s stock had a trading volume of 2,271,626 shares, compared to its average volume of 3,668,805. Edison International has a 52-week low of $51.10 and a 52-week high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $22.81 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 2.43 and a beta of 0.62. The stock has a fifty day moving average of $58.08 and a 200-day moving average of $67.73.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.9%. Edison International’s dividend payout ratio is currently 36.19%.

Edison International News Summary

Here are the key news stories impacting Edison International this week:

• Positive Sentiment: Adjusted EPS exceeded expectations. Edison International reported third-quarter adjusted earnings of $1.92 per share, above estimates ranging from $1.81 to $1.83. Earnings Flash: Edison International Posts Q3 Adjusted EPS of $1.92
• Positive Sentiment: Management reaffirmed its outlook. The company maintained its full-year guidance, providing some reassurance that operating performance remains on track despite the challenging regulatory and wildfire environment. Edison International Reports Lower Q3 Earnings and Reaffirms Guidance
• Positive Sentiment: Valuation may attract value-oriented investors. Analysts and investors have pointed to EIX’s low earnings multiple and stronger underlying earnings as potential advantages if California wildfire-liability reforms progress. Is Wildfire Fear Creating a Deep Value Opportunity in California Utilities?
• Neutral Sentiment: Profitability remained substantial but declined year over year. Third-quarter net income was $724 million, while EPS fell from $2.34 in the prior-year quarter. Return on equity was 15.53% and net margin was 20.30%. Edison International Surpasses Q3 Earnings Estimates
• Negative Sentiment: Revenue missed expectations. Quarterly revenue of $4.89 billion was below the $5.34 billion consensus estimate, indicating that the earnings beat did not reflect broad-based top-line strength. Edison International Q3 Earnings Report
• Negative Sentiment: Wildfire risk continues to weigh on sentiment. Stalled liability reforms and claims related to the Eaton Fire remain significant uncertainties, potentially affecting future costs, regulatory outcomes and the company’s valuation. Edison International Q3 2026 Earnings: EPS Beat Overshadowed by Wildfire Reform Warning

Analyst Ratings Changes

A number of equities analysts recently commented on EIX shares. Jefferies Financial Group downgraded Edison International from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $53.00 to $42.00 in a research report on Friday, October 2nd. The Goldman Sachs Group set a $67.00 target price on Edison International in a report on Thursday, October 15th. Mizuho downgraded Edison International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $86.00 to $70.00 in a research note on Monday, August 31st. Truist Financial reduced their price target on Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Finally, Barclays lowered their price target on shares of Edison International from $75.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $60.58.

Insiders Place Their Bets

In other news, Director Peter Taylor sold 500 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the transaction, the director owned 33,212 shares in the company, valued at approximately $1,845,258.72. This represents a 1.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.