Edison International
NYSE:EIX
Edison International
In the bustling landscape of the American energy sector, Edison International stands as a vital player, orchestrating the complex choreography of electricity generation and distribution in California. Born from the rich industrial era of the late 19th century, Edison International emerged as a forward-thinking entity, primarily through its subsidiary, Southern California Edison (SCE). This subsidiary operates one of the nation's largest electric utilities, delivering electricity to millions of households and businesses across central, coastal, and southern California. The company’s robust infrastructure spans a vast network of power lines and substations, facilitating the seamless flow of electricity from power plants to consumers. Edison International's business model intricately threads regulated utility operations with a focus on renewable energy sources, reflecting a keen commitment to sustainability and environmental responsibility in an era eager for green transitions.
Edison International navigates the energy market with an astute blend of traditional utility operations and forward-looking clean energy initiatives. Revenue streams spring primarily from electricity services, but the company is acutely aware of the shifting paradigms in energy consumption. Thus, it invests substantially in solar, wind, and energy storage projects, both to comply with California's rigorous environmental mandates and to capture growth opportunities in the renewable sector. Through decoupling mechanisms that separate revenue from total sales volume, Edison ensures financial stability even as it encourages energy conservation among its customers. This strategic weaving of operational reliability with environmental conscientiousness not only fortifies Edison against the volatility of contemporary energy markets but also positions it as a progressive leader in the renewable energy movement.
In the bustling landscape of the American energy sector, Edison International stands as a vital player, orchestrating the complex choreography of electricity generation and distribution in California. Born from the rich industrial era of the late 19th century, Edison International emerged as a forward-thinking entity, primarily through its subsidiary, Southern California Edison (SCE). This subsidiary operates one of the nation's largest electric utilities, delivering electricity to millions of households and businesses across central, coastal, and southern California. The company’s robust infrastructure spans a vast network of power lines and substations, facilitating the seamless flow of electricity from power plants to consumers. Edison International's business model intricately threads regulated utility operations with a focus on renewable energy sources, reflecting a keen commitment to sustainability and environmental responsibility in an era eager for green transitions.
Edison International navigates the energy market with an astute blend of traditional utility operations and forward-looking clean energy initiatives. Revenue streams spring primarily from electricity services, but the company is acutely aware of the shifting paradigms in energy consumption. Thus, it invests substantially in solar, wind, and energy storage projects, both to comply with California's rigorous environmental mandates and to capture growth opportunities in the renewable sector. Through decoupling mechanisms that separate revenue from total sales volume, Edison ensures financial stability even as it encourages energy conservation among its customers. This strategic weaving of operational reliability with environmental conscientiousness not only fortifies Edison against the volatility of contemporary energy markets but also positions it as a progressive leader in the renewable energy movement.
EPS Beat: Edison International reported 2025 core EPS of $6.55, exceeding the high end of its guidance range and extending its long-term track record of meeting or beating guidance.
Guidance Extended: The company reaffirmed its 2028 guidance and extended its 5% to 7% core EPS growth target through 2030, maintaining a focus on rate base growth and capital efficiency.
2026–2027 Outlook: 2026 core EPS guidance is $5.90 to $6.20, and 2027 is $6.25 to $6.65, with growth in 2027 expected at the high end of the target range as temporary headwinds roll off.
Capital Plan: Edison plans $38–41 billion in capital investments from 2026 to 2030, including funding for grid hardening and the new AMI 2.0 smart metering program.
Wildfire Claims: Over 2,300 wildfire claims have been submitted, with $1.1 billion recorded in losses so far, but total exposure remains uncertain; program enhancements were made for renters and legal fees.
No Equity Needs: Management projects no equity issuances through 2030, citing a strong balance sheet and efficient financing.
Regulatory Clarity: Major regulatory proceedings have concluded, giving the company increased visibility and stability entering 2026.
Dividend Yield: Edison continues to offer an attractive dividend yield of around 5%, supporting a projected total shareholder return of 10% to 12%.
