A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In 2026-Q2, Edison International reported net income of $534M and core earnings of $592M, driven by rate base growth at SCE following its 2025 General Rate Case decision, while continuing to resolve claims related to the 2025 Eaton Fire.
Filed · Source: SEC EDGAR 10-Q filing
Edison International posted Q2 2026 net income of $534M ($592M core), bolstered by SCE rate base growth while navigating Eaton Fire claim resolutions.
Last 4 quarters: 4 beats
Edison International reported Q2 2026 net income of $534M, up from $343M in Q2 2025, while core earnings increased from $374M to $592M. The growth was primarily driven by SCE's higher revenue authorized in the 2025 GRC final decision.
Source: 10-Q Item 2 MD&A, p.4-5
Through June 30, 2026, SCE recorded $1.6B in losses for settlements regarding the January 2025 Eaton Fire, offset by $917M in self-insurance, $645M from the Wildfire Fund, and $70M in FERC rate recoveries, yielding a net after-tax charge of $9M.
Source: 10-Q Item 2 MD&A, p.6-7
SCE completed $3.1B in total capital expenditures during the first six months of 2026 and projects total capital spending between $37.5B and $40.6B from 2026 through 2030, supported by CAISO transmission plan approvals.
Source: 10-Q Item 2 MD&A, p.5-6
Edison International finalized the disposition of its non-utility subsidiary Trio in Q2 2026, recognizing $36M in pre-tax non-core losses ($33M after-tax) for the six months ended June 30, 2026.
Source: 10-Q Item 2 MD&A, p.4-5
SCE faces substantial legal exposure and financial risk from catastrophic wildfires, including the Eaton Fire. Losses could exceed self-insurance reserves and Wildfire Fund coverage if CPUC prudency standards are not met.
Source: 10-Q Item 2 MD&A, p.6-7
SCE's financial results depend on CPUC and FERC approvals for cost recovery; disallowances or exclusions under legislation like AB 1054 ($1.6B) and SB 254 ($2.9B) from rate base could compress authorized equity returns.
Source: 10-Q Item 2 MD&A, p.1-2, 5
Elevated wildfire exposure or unfavorable regulatory rulings could lead credit rating agencies to downgrade Edison International or SCE, raising borrowing costs and impairing access to debt and equity markets.
Source: 10-Q Item 2 MD&A, p.2, 6
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
See the EIX earnings preview — expected date, analyst estimates and what to watch →
Edison International generated net income of $534M and core earnings of $592M in 2026-Q2, reflecting solid operational performance at SCE following its 2025 General Rate Case final decision.
SCE recognized $1.6B in Eaton Fire settlement losses through June 30, 2026, which were largely offset by customer self-insurance, the California Wildfire Fund, and FERC rates, creating a net after-tax loss impact of $9M.
Yes, Edison International completed the sale of Trio in Q2 2026, resulting in a non-core after-tax loss of $33M for the first six months of 2026.
Expected release date, analyst estimates & what to watch
EIX reported Q1 FY2026 revenue growth of 7.7% to $4.10B, but net income plunged 63.0% to $531M as operating income was nearly halved, reflecting sharply elevated costs and significant margin compression.
EIX (Edison International) delivered a dramatic FY2025 turnaround with net income surging 247% to $4.46B and operating income more than doubling to $7.09B on revenue of $19.32B, though the balance sheet remains heavily leveraged with a debt-to-equity ratio above 4x and a current ratio below 1.
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