Utilities
Price
$75.66
+2.94%Market Cap
$29.11B
Day High
$75.79
Day Low
$74.00
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.
Key risk: Wildfire Liability and Legal Exposure
As a California utility, EIX faces substantial and recurring wildfire-related liabilities that can result in large, unpredictable charges to earnings. The near-50% drop in operating income despite revenue growth strongly suggests elevated wildfire-related costs or legal settlements in Q1 FY2026. These liabilities can materially impair profitability and require significant cash outlays.
Other Electric Utilities companies