Edison International (NYSE: EIX) reported a significant increase in both fourth-quarter and full-year earnings for 2025. The company announced net income of $1,848 million, or $4.80 per share, for the fourth quarter, up from $340 million, or $0.88 per share, in the same period last year. Adjusted core earnings for the quarter were $717 million, or $1.86 per share, compared to $405 million, or $1.05 per share, a year ago.
Southern California Edison’s (SCE) core earnings per share rose in the fourth quarter of 2025 due mainly to lower interest expenses tied to cost recoveries under the Woolsey Settlement Agreement and revenue recognized from the 2025 General Rate Case final decision. However, losses at Edison International Parent and Other increased because of costs related to preferred stock redemption.
“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 added: “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 posted net income of $4,459 million ($11.58 per share), up from $1,284 million ($3.33 per share) in 2024; adjusted 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 its improved annual results primarily to additional revenue recognized after regulatory decisions on rates as well as benefits from cost recoveries under settlement agreements related to wildfire liabilities.
Edison International introduced its earnings guidance ranges for 2026 and 2027:
– For 2026: Basic EPS between $5.90 and $6.20
– For 2027: Basic EPS between $6.25 and $6.65
The board declared a quarterly common stock dividend of $0.8775 per share payable April 30, 2026; it also approved dividends on preferred stock.
A conference call discussing these results will be held February 18 at www.edisoninvestor.com.
Edison International is headquartered in Rosemead, California; it owns Southern California Edison Company—a utility serving about fifteen million people across Southern California—and Trio (formerly Edison Energy), which provides sustainability advisory services internationally.
