Edison International reported its financial results for the third quarter of 2025, showing a net income of $832 million, or $2.16 per share. This compares to net income of $516 million, or $1.33 per share, in the same period last year. Core earnings for the quarter were $901 million, or $2.34 per share, up from $582 million, or $1.51 per share, a year ago.
Southern California Edison’s core earnings per share increased compared to last year, which the company attributed mainly to higher revenue resulting from the 2025 General Rate Case final decision. However, core loss per share at Edison International Parent and Other rose due to higher interest expenses.
Pedro J. Pizarro, president and CEO of Edison International, commented on the regulatory progress made during the year: “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.” He added that “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 recent legislative developments: “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.”
Edison International uses core earnings as an internal measure for financial planning and performance analysis. The company states that this approach helps facilitate comparisons over time when communicating with investors.
For its full-year 2025 guidance, Edison International narrowed its expected earnings range. The company now forecasts basic earnings per share between $8.05 and $8.30 for 2025, down slightly from its previous estimate of $8.22 to $8.62 per share issued in July. Core earnings per share guidance is now set between $5.95 and $6.20.
A conference call discussing these results was scheduled for October 28 from 1:30 p.m. to 2:30 p.m., with materials such as prepared remarks by senior executives and Form 10-Q available on the company’s investor relations website at www.edisoninvestor.com.
Edison International is based in Rosemead, California, and serves as one of the largest electric utility holding companies in the United States through subsidiaries including Southern California Edison Company—which delivers electricity across much of Southern California—and Trio (formerly Edison Energy), which provides sustainability advisory services in North America and Europe.
